Swissquote Group HoldingSWQGF -0.93%80 Graham Number is $24.75 as of Dec. 2025, which is 1595% above its 10-year median of 1.46. GuruFocus rates SWQGF with a GF Score™ of 80/100 and a GF Value™ of $49.37 (Fairly Valued). The stock has 1 warning sign investors should review. Among 525 Capital Markets companies, Swissquote Group Holding ranks worse than 74.1% 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.
The historical rank and industry rank for Swissquote Group Holding's Graham Number or its related term are showing as below:
SWQGF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.16 Med: 1.46 Max: 2.46
Current: 1.87
During the past 13 years, the highest Price to Graham Number ratio of Swissquote Group Holding was 2.46. The lowest was 1.16. And the median was 1.46.
SWQGF's Price-to-Graham-Number is ranked worse than 74.1% of 525
companies
in the Capital Markets industry
Industry Median: 1.12
vs SWQGF: 1.87
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Swissquote Group Holding (OTCPK:SWQGF) 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.
Swissquote Group Holding's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
49.008
/
24.75
=
1.98
* 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.
Swissquote Group Holding Graham Number Related Terms
Swissquote Group Holding 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.
For the Capital Markets subindustry, Swissquote Group Holding'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.
Swissquote Group Holding Price-to-Graham-Number vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Swissquote Group Holding's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Swissquote Group Holding'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.
Swissquote Group Holding (SWQGF) has a Graham Number of $24.75 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Swissquote Group Holding and its competitors. This is 1595% above median its historical median of 1.46. Over the past decade, Swissquote Group Holding's Graham Number has ranged from 1.16 to 2.46. According to the industry distribution chart, Swissquote Group Holding ranks #389 out of 525 companies in the Capital Markets industry, placing it in the top 74.1%.
Is Swissquote Group Holding's Graham Number too high?
Swissquote Group Holding's current Graham Number of $24.75 is 1595% above median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 2.46. The Capital Markets industry median Graham Number is 1.12. Swissquote Group Holding's value of $24.75 is 2109.8% above this industry median. Based on the distribution chart, Swissquote Group Holding ranks #389 out of 525 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Swissquote Group Holding has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swissquote Group Holding's Graham Number compare to MS and GS?
According to the Capital Markets industry distribution chart, Swissquote Group Holding ranks #389 out of 525 companies for Graham Number. This places Swissquote Group Holding in the lower half of its industry. The industry median Graham Number is 1.12. Swissquote Group Holding's value of $24.75 is 2109.8% above this benchmark. Historically, Swissquote Group Holding's own Graham Number has ranged from 1.16 to 2.46 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 1.12, Swissquote Group Holding 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 Capital Markets company?
The median Graham Number among Capital Markets companies is 1.12, based on 525 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. Swissquote Group Holding's current Graham Number of $24.75 is 2109.8% 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 Swissquote Group Holding and its competitors. For the Capital Markets industry, the median Graham Number is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swissquote Group Holding's current Graham Number is $24.75, which is 1595% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swissquote Group Holding stock overvalued right now?
Based on GuruFocus' analysis, Swissquote Group Holding (SWQGF) is currently considered Fairly Valued. The stock's GF Value™ is $49.37, compared to a current price of $49.01 — trading 0.7% below its estimated fair value. The current Graham Number is $24.75, which is 1595% above median its 10-year median of 1.46 and 2109.8% above the Capital Markets industry median of 1.12. Swissquote Group Holding's overall GF Score™ is 80/100 with 1 warning sign 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 Swissquote Group Holding (SWQGF), the current Graham Number is $24.75 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.
Is Swissquote Group Holding (SWQGF) Overvalued in 2026?
Based on GuruFocus' analysis, Swissquote Group Holding stock appears to be undervalued.
The current stock price of $49.01 is trading 0.7% below its estimated GF Value™ of $49.37.
GuruFocus considers Swissquote Group Holding to be Fairly Valued.
Key valuation signals for SWQGF:
Graham Number: $24.75 (1595% above median its 10-year median of 1.46)
GF Value™: $49.37 vs. price of $49.01 (0.7% below fair value)
Industry Position: 2109.8% above the Capital Markets median (#389 of 525)
No single metric tells the full story. See the SWQGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swissquote Group Holding SA and its subsidiaries provide a comprehensive suite of online financial services to various customers, ranging from retail investors, affluent investors, to professional and institutional customers. The Group operates in Switzerland through Swissquote Bank Ltd and Yuh Ltd, and globally under the Swissquote brand with offices located in Europe, the Middle East and Africa, and Asia Pacific. Its operating segments are: Securities trading, Leveraged forex, and Neobanking. Maximum revenue is generated from the Securities trading segment, which provides trading services (including custody services) by means of tools to trade, in real time, in different asset classes, and offers investment, decision-making, risk-monitoring, and margin-lending services to its clients.
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