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Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
The historical rank and industry rank for National Signage Industrial Co's Graham Number or its related term are showing as below:
SAU:9645'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.63 Med: 0.66 Max: 0.67
Current: 0.67
During the past 3 years, the highest Price to Graham Number ratio of National Signage Industrial Co was 0.67. The lowest was 0.63. And the median was 0.66.
SAU:9645's Price-to-Graham-Number is ranked better than 87.81% of 2215
companies
in the Industrial Products industry
Industry Median: 1.72
vs SAU:9645: 0.67
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
National Signage Industrial Co (SAU:9645) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
National Signage Industrial Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
12.66
/
18.80
=
0.67
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
National Signage Industrial Co Graham Number Related Terms
National Signage Industrial Co Graham Number Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
National Signage Industrial Co Graham Number Chart
National Signage Industrial Co Annual Data
Trend
Dec23
Dec24
Dec25
Graham Number
14.84
14.03
19.95
National Signage Industrial Co Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Graham Number
0.00
0.00
14.03
14.40
18.80
SAU:9645 vs VRT, BE, HUBB: Graham Number Comparison
For the Electrical Equipment & Parts subindustry, National Signage Industrial Co's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Signage Industrial Co Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, National Signage Industrial Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where National Signage Industrial Co's Price-to-Graham-Number falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
National Signage Industrial Co (SAU:9645) has a Graham Number of ﷼18.80 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on National Signage Industrial Co and its competitors. According to the industry distribution chart, National Signage Industrial Co ranks #270 out of 2215 companies in the Industrial Products industry, placing it in the top 12.2%.
Is National Signage Industrial Co's Graham Number too high?
National Signage Industrial Co's current Graham Number is ﷼18.80. Based on the distribution chart, National Signage Industrial Co ranks #270 out of 2215 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, National Signage Industrial Co has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does National Signage Industrial Co's Graham Number compare to VRT and BE?
According to the Industrial Products industry distribution chart, National Signage Industrial Co ranks #270 out of 2215 companies for Graham Number. This places National Signage Industrial Co in the top 12% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.72. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for an Industrial Products company?
The median Graham Number among Industrial Products companies is 1.72, based on 2,215 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on National Signage Industrial Co and its competitors. For the Industrial Products industry, the median Graham Number is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Signage Industrial Co's current Graham Number is ﷼18.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Signage Industrial Co stock overvalued right now?
National Signage Industrial Co (SAU:9645) has a current Graham Number of ﷼18.80. The current Graham Number is ﷼18.80. National Signage Industrial Co's overall GF Score™ is 18/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For National Signage Industrial Co (SAU:9645), the current Graham Number is ﷼18.80 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
National Signage Industrial Co is a Saudi company engaged in the repair and maintenance of roads, streets, sidewalks, and road accessories, pouring foundations and footings, electrical wiring installation, lighting system installation, various decoration works and installations, as well as the installation and maintenance of traffic safety devices. The companies main business segment is the production, purchase, sale, or lease of signage and displays. The Companies operations are also limited to a single geographic region: the Kingdom of Saudi Arabia.
18GF Score
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