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Masan GroupSTC:MSN +2.41%86 Graham Number is ₫43,332.40 as of Jun. 2026, which is 100% below its 10-year median of 3.41. GuruFocus rates STC:MSN with a GF Score™ of 86/100 and a GF Value™ of ₫86,628.64 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 374 Conglomerates companies, Masan Group ranks worse than 83.16% 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 (2026-07-31), the stock price of Masan Group is ₫67900.00. Masan Group's graham number for the quarter that ended in Jun. 2026 was ₫43,332.40. Therefore, Masan Group's Price to Graham Number ratio for today is 1.57.
The historical rank and industry rank for Masan Group's Graham Number or its related term are showing as below:
STC:MSN'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.04 Med: 3.41 Max: 14.85
Current: 1.57
During the past 13 years, the highest Price to Graham Number ratio of Masan Group was 14.85. The lowest was 1.04. And the median was 3.41.
STC:MSN's Price-to-Graham-Number is ranked worse than 83.16% of 374
companies
in the Conglomerates industry
Industry Median: 0.925
vs STC:MSN: 1.57
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Masan Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
67900.00
/
43,332.40
=
1.57
* 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.
Masan Group Graham Number Related Terms
Masan Group Graham Number Historical Data
* Premium members only.
The historical data trend for Masan Group'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 Conglomerates subindustry, Masan Group'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.
Masan Group Price-to-Graham-Number vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Masan Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Masan Group'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.
Masan Group (STC:MSN) has a Graham Number of ₫43,332.40 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Masan Group and its competitors. This is 1270645% above median its historical median of 3.41. Over the past decade, Masan Group's Graham Number has ranged from 1.04 to 14.85. According to the industry distribution chart, Masan Group ranks #311 out of 374 companies in the Conglomerates industry, placing it in the top 83.2%.
Is Masan Group's Graham Number too high?
Masan Group's current Graham Number of ₫43,332.40 is 1270645% above median its 10-year median of 3.41. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 14.85. Based on the distribution chart, Masan Group ranks #311 out of 374 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Masan Group has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Masan Group's Graham Number compare to MMM and HON?
According to the Conglomerates industry distribution chart, Masan Group ranks #311 out of 374 companies for Graham Number. This places Masan Group in the lower half of its industry. The industry median Graham Number is 0.93. Historically, Masan Group's own Graham Number has ranged from 1.04 to 14.85 over the past decade. 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 Conglomerates company?
The median Graham Number among Conglomerates companies is 0.93, based on 374 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 Masan Group and its competitors. For the Conglomerates industry, the median Graham Number is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Masan Group's current Graham Number is ₫43,332.40, which is 1270645% above median its own 10-year median of 3.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Masan Group stock overvalued right now?
Based on GuruFocus' analysis, Masan Group (STC:MSN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₫86,628.64, compared to a current price of ₫67,900.00 — trading 21.6% below its estimated fair value. The current Graham Number is ₫43,332.40, which is 1270645% above median its 10-year median of 3.41. Masan Group's overall GF Score™ is 86/100 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 Masan Group (STC:MSN), the current Graham Number is ₫43,332.40 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.
Is Masan Group (STC:MSN) Overvalued in 2026?
Based on GuruFocus' analysis, Masan Group stock appears to be undervalued.
The current stock price of ₫67,900.00 is trading 21.6% below its estimated GF Value™ of ₫86,628.64.
GuruFocus considers Masan Group to be Modestly Undervalued.
Key valuation signals for STC:MSN:
Graham Number: ₫43,332.40 (1270645% above median its 10-year median of 3.41)
GF Value™: ₫86,628.64 vs. price of ₫67,900.00 (21.6% below fair value)
No single metric tells the full story. See the STC:MSN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Masan Group Corp is an investment holding company based in Vietnam. Along with its subsidiaries, it is mainly engaged in manufacturing, retailing, and distributing food and beverage products in Vietnam. Additionally, it is also involved in financial services, high-tech materials, consumer retail, and other businesses. The Group has five reportable segments: Branded consumer product, MEATLife: integrated meat products, Consumer retail, High-tech materials, and Others. Maximum revenue is generated from the Consumer retail segment. Geographically, the Group generates maximum revenue from its domestic market, and also has some overseas presence.
86GF Score
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