Swiss Life Holding AGSWSDF -2.44%70 Graham Number is $551.92 as of Dec. 2025, which is 58615% above its 10-year median of 0.94. GuruFocus rates SWSDF with a GF Score™ of 70/100 and a GF Value™ of $950.27 (Fairly Valued). The stock has 8 warning signs investors should review. Among 429 Insurance companies, Swiss Life Holding AG ranks worse than 85.08% 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 (2026-06-28), the stock price of Swiss Life Holding AG is $1053.30. Swiss Life Holding AG's graham number for the quarter that ended in Dec. 2025 was $551.92. Therefore, Swiss Life Holding AG's Price to Graham Number ratio for today is 1.91.
The historical rank and industry rank for Swiss Life Holding AG's Graham Number or its related term are showing as below:
SWSDF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.63 Med: 0.94 Max: 2.07
Current: 2.01
During the past 13 years, the highest Price to Graham Number ratio of Swiss Life Holding AG was 2.07. The lowest was 0.63. And the median was 0.94.
SWSDF's Price-to-Graham-Number is ranked worse than 85.08% of 429
companies
in the Insurance industry
Industry Median: 0.92
vs SWSDF: 2.01
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Swiss Life Holding AG (OTCPK:SWSDF) 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.
Swiss Life Holding AG's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
1053.30
/
551.92
=
1.91
* 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.
Swiss Life Holding AG Graham Number Related Terms
Swiss Life Holding AG Graham Number Historical Data
* Premium members only.
The historical data trend for Swiss Life Holding AG'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.
SWSDF vs BRK.A, AIG, HIG: Graham Number Comparison
For the Insurance - Diversified subindustry, Swiss Life Holding AG'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.
Swiss Life Holding AG Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, Swiss Life Holding AG's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Swiss Life Holding AG'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.
Swiss Life Holding AG (SWSDF) has a Graham Number of $551.92 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Swiss Life Holding AG and its competitors. This is 58615% above median its historical median of 0.94. Over the past decade, Swiss Life Holding AG's Graham Number has ranged from 0.63 to 2.07. According to the industry distribution chart, Swiss Life Holding AG ranks #365 out of 429 companies in the Insurance industry, placing it in the top 85.1%.
Is Swiss Life Holding AG's Graham Number too high?
Swiss Life Holding AG's current Graham Number of $551.92 is 58615% above median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 2.07. The Insurance industry median Graham Number is 0.92. Swiss Life Holding AG's value of $551.92 is 59891.3% above this industry median. Based on the distribution chart, Swiss Life Holding AG ranks #365 out of 429 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Swiss Life Holding AG has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Swiss Life Holding AG's Graham Number compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Swiss Life Holding AG ranks #365 out of 429 companies for Graham Number. This places Swiss Life Holding AG in the lower half of its industry. The industry median Graham Number is 0.92. Swiss Life Holding AG's value of $551.92 is 59891.3% above this benchmark. Historically, Swiss Life Holding AG's own Graham Number has ranged from 0.63 to 2.07 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 0.92, Swiss Life Holding AG 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 an Insurance company?
The median Graham Number among Insurance companies is 0.92, based on 429 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. Swiss Life Holding AG's current Graham Number of $551.92 is 59891.3% 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 Swiss Life Holding AG and its competitors. For the Insurance industry, the median Graham Number is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swiss Life Holding AG's current Graham Number is $551.92, which is 58615% above median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swiss Life Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Swiss Life Holding AG (SWSDF) is currently considered Fairly Valued. The stock's GF Value™ is $950.27, compared to a current price of $1,053.30 — trading 10.8% above its estimated fair value. The current Graham Number is $551.92, which is 58615% above median its 10-year median of 0.94 and 59891.3% above the Insurance industry median of 0.92. Swiss Life Holding AG's overall GF Score™ is 70/100 with 8 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 Swiss Life Holding AG (SWSDF), the current Graham Number is $551.92 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 Swiss Life Holding AG (SWSDF) Overvalued in 2026?
Based on GuruFocus' analysis, Swiss Life Holding AG stock appears to be overvalued.
The current stock price of $1,053.30 is trading 10.8% above its estimated GF Value™ of $950.27.
GuruFocus considers Swiss Life Holding AG to be Fairly Valued.
Key valuation signals for SWSDF:
Graham Number: $551.92 (58615% above median its 10-year median of 0.94)
GF Value™: $950.27 vs. price of $1,053.30 (10.8% above fair value)
Industry Position: 59891.3% above the Insurance median (#365 of 429)
No single metric tells the full story. See the SWSDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Swiss Life is predominantly a life and long-term savings company that generates the main share of its revenue and earnings from its domestic market of Switzerland. The company also operates in France, Germany, and a few smaller but wealthy European countries. The company has an asset manager as well. Swiss Life has three main sources of income that vary in significance by geography. Savings income relates to spread-based earnings, the risk result relates to a margin on insurance products, and the fee result relates to fees from asset management, financial advice, and unit-linked sales. The fee result has been growing in importance over time.
70GF Score
Get the complete analysis for SWSDF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SWSDF has been successfully added to your 
