TCIIF (Tracsis) Graham Number: $2.70 (As of Jan. 2026) — 40% Below Median


TCIIF Tracsis PLC TCIIF
75 GF Score
Price $5.60
GF Value $11.34
! 4 Warning Signs
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What is Tracsis Graham Number?

Tracsis TCIIF 75 Graham Number is $2.70 as of Jan. 2026, which is 40% below its 10-year median of 4.49. GuruFocus rates TCIIF with a GF Score™ of 75/100 and a GF Value™ of $11.34. The stock has 4 warning signs investors should review. Among 1,465 Software companies, Tracsis ranks better than 54.47% 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 (2026-07-04), the stock price of Tracsis is $5.60. Tracsis's graham number for the quarter that ended in Jan. 2026 was $2.70. Therefore, Tracsis's Price to Graham Number ratio for today is 2.07.

The historical rank and industry rank for Tracsis's Graham Number or its related term are showing as below:

TCIIF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.65   Med: 4.49   Max: 35
Current: 1.65

During the past 13 years, the highest Price to Graham Number ratio of Tracsis was 35.00. The lowest was 1.65. And the median was 4.49.

TCIIF's Price-to-Graham-Number is ranked better than
54.47% of 1465 companies
in the Software industry
Industry Median: 1.81 vs TCIIF: 1.65

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Tracsis  (OTCPK:TCIIF) 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.

Tracsis's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jan. 2026 )
=5.60/2.70
=2.07

* 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.


Tracsis Graham Number Related Terms


Tracsis Graham Number Historical Data

* Premium members only.

The historical data trend for Tracsis'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.

Tracsis Graham Number Chart

Tracsis Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.49 0.00 2.20 2.19 2.44

Tracsis Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.24 2.19 2.14 2.41 2.70

TCIIF vs UBER, SHOP, CRM: Graham Number Comparison

For the Software - Application subindustry, Tracsis'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.


Tracsis Price-to-Graham-Number vs Software Industry

For the Software industry and Technology sector, Tracsis's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Tracsis's Price-to-Graham-Number falls into.


TCIIF
75GF Score
Tracsis PLC TCIIF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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Tracsis Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Tracsis's Graham Number for the fiscal year that ended in Jul. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.794*0.334)
=2.44

Tracsis's Graham Number for the quarter that ended in Jan. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.878*0.37)
=2.70

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of $2.70 mean?
Tracsis (TCIIF) has a Graham Number of $2.70 as of Jan. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tracsis and its competitors. This is 40% below median its historical median of 4.49. Over the past decade, Tracsis' Graham Number has ranged from 1.65 to 35.00. According to the industry distribution chart, Tracsis ranks #667 out of 1465 companies in the Software industry, placing it in the top 45.5%.
Is Tracsis' Graham Number too high?
Tracsis' current Graham Number of $2.70 is 40% below median its 10-year median of 4.49. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 35.00. The Software industry median Graham Number is 1.81. Tracsis' value of $2.70 is 49.2% above this industry median. Based on the distribution chart, Tracsis ranks #667 out of 1465 companies in the Software industry, which is above the industry midpoint. Overall, Tracsis has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Tracsis' Graham Number compare to UBER and SHOP?
According to the Software industry distribution chart, Tracsis ranks #667 out of 1465 companies for Graham Number. This puts Tracsis in the upper half of its industry. The industry median Graham Number is 1.81. Tracsis' value of $2.70 is 49.2% above this benchmark. Historically, Tracsis' own Graham Number has ranged from 1.65 to 35.00 over the past decade. While the company's 10-year median is 4.49 vs. the industry median of 1.81, Tracsis 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 Software company?
The median Graham Number among Software companies is 1.81, based on 1,465 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. Tracsis's current Graham Number of $2.70 is 49.2% 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 Tracsis and its competitors. For the Software industry, the median Graham Number is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tracsis's current Graham Number is $2.70, which is 40% below median its own 10-year median of 4.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tracsis stock overvalued right now?
Tracsis (TCIIF) has a current Graham Number of $2.70. The stock's GF Value™ is $11.34, compared to a current price of $5.60 — trading 50.6% below its estimated fair value. The current Graham Number is $2.70, which is 40% below median its 10-year median of 4.49 and 49.2% above the Software industry median of 1.81. Tracsis' overall GF Score™ is 75/100 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 Tracsis (TCIIF), the current Graham Number is $2.70 as of Jan. 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 Tracsis (TCIIF) Overvalued in 2026?

Based on GuruFocus' analysis, Tracsis stock appears to be undervalued. The current stock price of $5.60 is trading 50.6% below its estimated GF Value™ of $11.34.

Key valuation signals for TCIIF:

  • Graham Number: $2.70 (40% below median its 10-year median of 4.49)
  • GF Value™: $11.34 vs. price of $5.60 (50.6% below fair value)
  • GF Score™: 75/100 with 4 warning signs
  • Industry Position: 49.2% above the Software median (#667 of 1465)

No single metric tells the full story. See the TCIIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tracsis Business Description

Other Exchanges TRCS:UK4T2:Germany
Address Discovery Way, Nexus, Leeds, GBR, LS2 3AA
Tracsis PLC is engaged in the business of software development and consultancy for the rail industry. It is organized into two main business segments: Rail Technology and Services and Data, Analytics, Consultancy & Events. The Rail Technology and Services division includes software, consultancy, and remote condition monitoring technology, and also includes Ontrac. The Data, Analytics, Consultancy & Events division which derives majority revenue, focuses on data capture and analytics, geographic information systems, earth observation, consultancy and event traffic management within a range of transport and pedestrian rich environments. The company currently operates in three geographical markets: the United Kingdom, Ireland, Rest of Europe, North America, and Rest of the world.
75GF Score

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Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$5.60
Price
$11.34
GF Value