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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.
As of today (2026-09-12), the stock price of Solstad Maritime ASA is $2.50. Solstad Maritime ASA's graham number for the quarter that ended in Jun. 2026 was $4.72. Therefore, Solstad Maritime ASA's Price to Graham Number ratio for today is 0.53.
The historical rank and industry rank for Solstad Maritime ASA's Graham Number or its related term are showing as below:
SLTMF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.43 Med: 0.54 Max: 0.62
Current: 0.61
During the past 6 years, the highest Price to Graham Number ratio of Solstad Maritime ASA was 0.62. The lowest was 0.43. And the median was 0.54.
SLTMF's Price-to-Graham-Number is ranked better than 77.85% of 754
companies
in the Transportation industry
Industry Median: 1.02
vs SLTMF: 0.61
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Solstad Maritime ASA (OTCPK:SLTMF) 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.
Solstad Maritime ASA's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
2.50
/
4.72
=
0.53
* 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.
Solstad Maritime ASA Graham Number Related Terms
Solstad Maritime ASA Graham Number Historical Data
* Premium members only.
The historical data trend for Solstad Maritime ASA'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.
Solstad Maritime ASA Graham Number Competitor Comparison
For the Marine Shipping subindustry, Solstad Maritime ASA'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.
Solstad Maritime ASA Price-to-Graham-Number vs Transportation Industry
For the Transportation industry and Industrials sector, Solstad Maritime ASA's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Solstad Maritime ASA'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.
Solstad Maritime ASA (SLTMF) has a Graham Number of $4.72 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Solstad Maritime ASA and its competitors. According to the industry distribution chart, Solstad Maritime ASA ranks #167 out of 754 companies in the Transportation industry, placing it in the top 22.1%.
Is Solstad Maritime ASA's Graham Number too high?
Solstad Maritime ASA's current Graham Number is $4.72. The Transportation industry median Graham Number is 1.02. Solstad Maritime ASA's value of $4.72 is 362.7% above this industry median. Based on the distribution chart, Solstad Maritime ASA ranks #167 out of 754 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Solstad Maritime ASA has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Solstad Maritime ASA's Graham Number compare to competitors?
According to the Transportation industry distribution chart, Solstad Maritime ASA ranks #167 out of 754 companies for Graham Number. This places Solstad Maritime ASA in the top 22% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.02. Solstad Maritime ASA's value of $4.72 is 362.7% above this benchmark. 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 754 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. Solstad Maritime ASA's current Graham Number of $4.72 is 362.7% 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 Solstad Maritime ASA 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. Solstad Maritime ASA's current Graham Number is $4.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solstad Maritime ASA stock overvalued right now?
Solstad Maritime ASA (SLTMF) has a current Graham Number of $4.72. The current Graham Number is $4.72 and 362.7% above the Transportation industry median of 1.02. Solstad Maritime ASA's overall GF Score™ is 19/100 with 7 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 Solstad Maritime ASA (SLTMF), the current Graham Number is $4.72 as of Jun. 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.
Solstad Maritime ASA operates offshore service and construction vessels, offering ships, additional services (ROVs, etc.), and maritime personnel across all geographical regions. Its operating business segments include AHTS, CSV, Services, and Others. The AHTS segment includes anchor handling tug supply vessels; the CSV segment represents operations of construction vessels performing subsea construction contracts; and the Services segment includes additional services provided across vessel spreads, i.e., ROVs, tooling, project personnel, and engineering support. All of the company's income is classified as Oil and Gas, which generates the majority of revenue, or Renewable. Geographically, it generates maximum revenue from the North Sea region.
19GF Score
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