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Telstra GroupTLGPY +2.00%72 Graham Number is $3.06 as of Dec. 2025, which is 10% above its 10-year median of 2.77. GuruFocus rates TLGPY with a GF Score™ of 72/100 and a GF Value™ of $16.00 (Fairly Valued). The stock has 6 warning signs investors should review. Among 192 Telecommunication Services companies, Telstra Group ranks worse than 91.15% 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 (2026-07-18), the stock price of Telstra Group is $17.605. Telstra Group's graham number for the quarter that ended in Dec. 2025 was $3.06. Therefore, Telstra Group's Price to Graham Number ratio for today is 5.75.
The historical rank and industry rank for Telstra Group's Graham Number or its related term are showing as below:
TLGPY'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.44 Med: 2.77 Max: 5.58
Current: 5.47
During the past 13 years, the highest Price to Graham Number ratio of Telstra Group was 5.58. The lowest was 1.44. And the median was 2.77.
TLGPY's Price-to-Graham-Number is ranked worse than 91.15% of 192
companies
in the Telecommunication Services industry
Industry Median: 1.575
vs TLGPY: 5.47
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Telstra Group (OTCPK:TLGPY) 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.
Telstra Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
17.605
/
3.06
=
5.75
* 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.
Telstra Group Graham Number Related Terms
Telstra Group Graham Number Historical Data
* Premium members only.
The historical data trend for Telstra 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 Telecom Services subindustry, Telstra 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.
Telstra Group Price-to-Graham-Number vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Telstra Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Telstra 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.
Telstra Group (TLGPY) has a Graham Number of $3.06 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Telstra Group and its competitors. This is 10% above median its historical median of 2.77. Over the past decade, Telstra Group's Graham Number has ranged from 1.44 to 5.58. According to the industry distribution chart, Telstra Group ranks #175 out of 192 companies in the Telecommunication Services industry, placing it in the top 91.1%.
Is Telstra Group's Graham Number too high?
Telstra Group's current Graham Number of $3.06 is 10% above median its 10-year median of 2.77. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 5.58. The Telecommunication Services industry median Graham Number is 1.58. Telstra Group's value of $3.06 is 94.3% above this industry median. Based on the distribution chart, Telstra Group ranks #175 out of 192 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Telstra Group has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Telstra Group's Graham Number compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Telstra Group ranks #175 out of 192 companies for Graham Number. This places Telstra Group in the lower half of its industry. The industry median Graham Number is 1.58. Telstra Group's value of $3.06 is 94.3% above this benchmark. Historically, Telstra Group's own Graham Number has ranged from 1.44 to 5.58 over the past decade. While the company's 10-year median is 2.77 vs. the industry median of 1.58, Telstra Group 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 Telecommunication Services company?
The median Graham Number among Telecommunication Services companies is 1.58, based on 192 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. Telstra Group's current Graham Number of $3.06 is 94.3% 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 Telstra Group and its competitors. For the Telecommunication Services industry, the median Graham Number is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Telstra Group's current Graham Number is $3.06, which is 10% above median its own 10-year median of 2.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Telstra Group stock overvalued right now?
Based on GuruFocus' analysis, Telstra Group (TLGPY) is currently considered Fairly Valued. The stock's GF Value™ is $16.00, compared to a current price of $17.61 — trading 10% above its estimated fair value. The current Graham Number is $3.06, which is 10% above median its 10-year median of 2.77 and 94.3% above the Telecommunication Services industry median of 1.58. Telstra Group's overall GF Score™ is 72/100 with 6 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 Telstra Group (TLGPY), the current Graham Number is $3.06 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 Telstra Group (TLGPY) Overvalued in 2026?
Based on GuruFocus' analysis, Telstra Group stock appears to be overvalued.
The current stock price of $17.61 is trading 10% above its estimated GF Value™ of $16.00.
GuruFocus considers Telstra Group to be Fairly Valued.
Key valuation signals for TLGPY:
Graham Number: $3.06 (10% above median its 10-year median of 2.77)
GF Value™: $16.00 vs. price of $17.61 (10% above fair value)
Industry Position: 94.3% above the Telecommunication Services median (#175 of 192)
No single metric tells the full story. See the TLGPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Telstra is Australia's largest telecommunications company, with dominant market shares in voice, mobile, enterprise telecom, and fixed-line broadband resale via the national broadband network. Telstra provides most of its services via its infrastructure assets, such as a fixed-line network (data centers, exchanges, poles, ducts, pits and pipes, fiber network), a mobile network, and mobile towers. Its customers span retail, corporate, government, wholesale, and overseas segments. Telstra also provides the government-owned, last-mile fixed-line National Broadband Network with long-term access to its infrastructure, in return for recurring payments. Finally, Telstra operates a leading telecom operation in Papua New Guinea and the surrounding South-Pacific countries.
72GF Score
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