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SM Prime HoldingsSPHXF 49 Graham Number is $0.41 as of Mar. 2026, which is 82% below its 10-year median of 2.26. GuruFocus rates SPHXF with a GF Score™ of 49/100 and a GF Value™ of $0.50 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,168 Real Estate companies, SM Prime Holdings ranks better than 51.71% 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 (2026-07-27), the stock price of SM Prime Holdings is $0.29645. SM Prime Holdings's graham number for the quarter that ended in Mar. 2026 was $0.41. Therefore, SM Prime Holdings's Price to Graham Number ratio for today is 0.72.
The historical rank and industry rank for SM Prime Holdings's Graham Number or its related term are showing as below:
SPHXF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.72 Med: 2.26 Max: 3.14
Current: 0.72
During the past 13 years, the highest Price to Graham Number ratio of SM Prime Holdings was 3.14. The lowest was 0.72. And the median was 2.26.
SPHXF's Price-to-Graham-Number is ranked better than 51.71% of 1168
companies
in the Real Estate industry
Industry Median: 0.74
vs SPHXF: 0.72
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
SM Prime Holdings (OTCPK:SPHXF) 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.
SM Prime Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.29645
/
0.41
=
0.72
* 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.
SM Prime Holdings Graham Number Related Terms
SM Prime Holdings Graham Number Historical Data
* Premium members only.
The historical data trend for SM Prime Holdings'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.
SM Prime Holdings Graham Number Competitor Comparison
For the Real Estate - Diversified subindustry, SM Prime Holdings'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.
SM Prime Holdings Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, SM Prime Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where SM Prime Holdings'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.
SM Prime Holdings (SPHXF) has a Graham Number of $0.41 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on SM Prime Holdings and its competitors. This is 82% below median its historical median of 2.26. Over the past decade, SM Prime Holdings' Graham Number has ranged from 0.72 to 3.14. According to the industry distribution chart, SM Prime Holdings ranks #564 out of 1168 companies in the Real Estate industry, placing it in the top 48.3%.
Is SM Prime Holdings' Graham Number too high?
SM Prime Holdings' current Graham Number of $0.41 is 82% below median its 10-year median of 2.26. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 3.14. The Real Estate industry median Graham Number is 0.74. SM Prime Holdings' value of $0.41 is 44.6% below this industry median. Based on the distribution chart, SM Prime Holdings ranks #564 out of 1168 companies in the Real Estate industry, which is above the industry midpoint. Overall, SM Prime Holdings has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Prime Holdings' Graham Number compare to competitors?
According to the Real Estate industry distribution chart, SM Prime Holdings ranks #564 out of 1168 companies for Graham Number. This puts SM Prime Holdings in the upper half of its industry. The industry median Graham Number is 0.74. SM Prime Holdings' value of $0.41 is 44.6% below this benchmark. Historically, SM Prime Holdings' own Graham Number has ranged from 0.72 to 3.14 over the past decade. While the company's 10-year median is 2.26 vs. the industry median of 0.74, SM Prime Holdings has consistently been below 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,168 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. SM Prime Holdings's current Graham Number of $0.41 is 44.6% below 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 SM Prime Holdings and its competitors. For the Real Estate industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Prime Holdings's current Graham Number is $0.41, which is 82% below median its own 10-year median of 2.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Prime Holdings stock overvalued right now?
Based on GuruFocus' analysis, SM Prime Holdings (SPHXF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.50, compared to a current price of $0.30 — trading 40.7% below its estimated fair value. The current Graham Number is $0.41, which is 82% below median its 10-year median of 2.26 and 44.6% below the Real Estate industry median of 0.74. SM Prime Holdings' overall GF Score™ is 49/100 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 SM Prime Holdings (SPHXF), the current Graham Number is $0.41 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 SM Prime Holdings (SPHXF) Overvalued in 2026?
Based on GuruFocus' analysis, SM Prime Holdings stock appears to be undervalued.
The current stock price of $0.30 is trading 40.7% below its estimated GF Value™ of $0.50.
GuruFocus considers SM Prime Holdings to be Possible Value Trap.
Key valuation signals for SPHXF:
Graham Number: $0.41 (82% below median its 10-year median of 2.26)
GF Value™: $0.50 vs. price of $0.30 (40.7% below fair value)
Industry Position: 44.6% below the Real Estate median (#564 of 1168)
No single metric tells the full story. See the SPHXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SM Prime Holdings Inc is an integrated property developer. It is engaged in acquiring and developing real estate, conducting and maintaining commercial shopping centers, and constructing and managing buildings such as condominiums, apartments, hotels, restaurants, stores, and other structures for mixed-use purposes. The company has four business segments, namely, malls, residential, commercial, and integrated property developments and hotels and convention centers. It generates maximum revenue from the Malls segment, which develops, conducts, operates, and maintains the business of commercial shopping centers for rent, amusement centers, or cinema theaters within the compound of the shopping centers.
49GF Score
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