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Singapore AirlinesSINGF -7.96%74 Graham Number is $5.25 as of Mar. 2026, which is 548% above its 10-year median of 0.81. GuruFocus rates SINGF with a GF Score™ of 74/100 and a GF Value™ of $5.27 (Fairly Valued). The stock has 9 warning signs investors should review. Among 742 Transportation companies, Singapore Airlines ranks worse than 56.47% on this metric.
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.
As of today (2026-07-14), the stock price of Singapore Airlines is $5.55. Singapore Airlines's graham number for the quarter that ended in Mar. 2026 was $5.25. Therefore, Singapore Airlines's Price to Graham Number ratio for today is 1.06.
The historical rank and industry rank for Singapore Airlines's Graham Number or its related term are showing as below:
SINGF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.67 Med: 0.81 Max: 1.26
Current: 1.06
During the past 13 years, the highest Price to Graham Number ratio of Singapore Airlines was 1.26. The lowest was 0.67. And the median was 0.81.
SINGF's Price-to-Graham-Number is ranked worse than 56.47% of 742
companies
in the Transportation industry
Industry Median: 1.015
vs SINGF: 1.06
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Singapore Airlines (OTCPK:SINGF) 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.
Singapore Airlines's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
5.55
/
5.25
=
1.06
* 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.
Singapore Airlines Graham Number Related Terms
Singapore Airlines Graham Number Historical Data
* Premium members only.
The historical data trend for Singapore Airlines's Graham Number can be seen below:
* 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.
For the Airlines subindustry, Singapore Airlines'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.
Singapore Airlines Price-to-Graham-Number vs Transportation Industry
For the Transportation industry and Industrials sector, Singapore Airlines's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Singapore Airlines'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.
Singapore Airlines (SINGF) has a Graham Number of $5.25 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Singapore Airlines and its competitors. This is 548% above median its historical median of 0.81. Over the past decade, Singapore Airlines' Graham Number has ranged from 0.67 to 1.26. According to the industry distribution chart, Singapore Airlines ranks #419 out of 742 companies in the Transportation industry, placing it in the top 56.5%.
Is Singapore Airlines' Graham Number too high?
Singapore Airlines' current Graham Number of $5.25 is 548% above median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 1.26. The Transportation industry median Graham Number is 1.02. Singapore Airlines' value of $5.25 is 417.2% above this industry median. Based on the distribution chart, Singapore Airlines ranks #419 out of 742 companies in the Transportation industry, which is below the industry midpoint. Overall, Singapore Airlines has a GF Score™ of 74/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Singapore Airlines' Graham Number compare to DAL and UAL?
According to the Transportation industry distribution chart, Singapore Airlines ranks #419 out of 742 companies for Graham Number. This places Singapore Airlines in the lower half of its industry. The industry median Graham Number is 1.02. Singapore Airlines' value of $5.25 is 417.2% above this benchmark. Historically, Singapore Airlines' own Graham Number has ranged from 0.67 to 1.26 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 1.02, Singapore Airlines has consistently been above the industry average. 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 a Transportation company?
The median Graham Number among Transportation companies is 1.02, based on 742 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. Singapore Airlines's current Graham Number of $5.25 is 417.2% above the industry median. 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 Singapore Airlines and its competitors. For the Transportation industry, the median Graham Number is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singapore Airlines's current Graham Number is $5.25, which is 548% above median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singapore Airlines stock overvalued right now?
Based on GuruFocus' analysis, Singapore Airlines (SINGF) is currently considered Fairly Valued. The stock's GF Value™ is $5.27, compared to a current price of $5.55 — trading 5.3% above its estimated fair value. The current Graham Number is $5.25, which is 548% above median its 10-year median of 0.81 and 417.2% above the Transportation industry median of 1.02. Singapore Airlines' overall GF Score™ is 74/100 with 9 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 Singapore Airlines (SINGF), the current Graham Number is $5.25 as of Mar. 2026. 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.
Is Singapore Airlines (SINGF) Overvalued in 2026?
Based on GuruFocus' analysis, Singapore Airlines stock appears to be overvalued.
The current stock price of $5.55 is trading 5.3% above its estimated GF Value™ of $5.27.
GuruFocus considers Singapore Airlines to be Fairly Valued.
Key valuation signals for SINGF:
Graham Number: $5.25 (548% above median its 10-year median of 0.81)
GF Value™: $5.27 vs. price of $5.55 (5.3% above fair value)
Industry Position: 417.2% above the Transportation median (#419 of 742)
No single metric tells the full story. See the SINGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in terms of revenue and carrying capacity. With its hub in Changi Airport, the carrier provides regional and cross-continental passenger and cargo services destined to or transiting through Singapore. The company operates under dual brands: full-service carrier SIA and low-cost regional carrier Scoot. It also owns stakes in SATS and SIA Engineering. In 2024, the merger of its associate airline Vistara with Air India resulted in Singapore Airlines owning a 25% stake in Air India.
74GF Score
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