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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 Diamond Estates Wines & Spirits's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Diamond Estates Wines & Spirits was 3.10. The lowest was 2.20. And the median was 2.65.
TSXV:DWS's Price-to-Graham-Number is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 1.52 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Diamond Estates Wines & Spirits (TSXV:DWS) 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.
Diamond Estates Wines & Spirits's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.15
/
N/A
=
N/A
* 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.
Diamond Estates Wines & Spirits Graham Number Related Terms
Diamond Estates Wines & Spirits 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.
Diamond Estates Wines & Spirits Graham Number Chart
For the Beverages - Wineries & Distilleries subindustry, Diamond Estates Wines & Spirits'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.
Diamond Estates Wines & Spirits Price-to-Graham-Number vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Diamond Estates Wines & Spirits's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Diamond Estates Wines & Spirits'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.
Diamond Estates Wines & Spirits (TSXV:DWS) has a Graham Number of C$N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Diamond Estates Wines & Spirits and its competitors. Over the past decade, Diamond Estates Wines & Spirits' Graham Number has ranged from 2.20 to 3.10. According to the industry distribution chart, Diamond Estates Wines & Spirits ranks #999999 out of 135 companies in the Beverages - Alcoholic industry.
Is Diamond Estates Wines & Spirits' Graham Number too high?
Diamond Estates Wines & Spirits' current Graham Number is C$N/A. Over the past 10 years, this metric has ranged from a low of 2.20 to a high of 3.10. Based on the distribution chart, Diamond Estates Wines & Spirits ranks #999999 out of 135 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Diamond Estates Wines & Spirits has a GF Score™ of 39/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Diamond Estates Wines & Spirits' Graham Number compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, Diamond Estates Wines & Spirits ranks #999999 out of 135 companies for Graham Number. This places Diamond Estates Wines & Spirits in the lower half of its industry. The industry median Graham Number is 1.52. Historically, Diamond Estates Wines & Spirits' own Graham Number has ranged from 2.20 to 3.10 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 Beverages - Alcoholic company?
The median Graham Number among Beverages - Alcoholic companies is 1.52, based on 135 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 Diamond Estates Wines & Spirits and its competitors. For the Beverages - Alcoholic industry, the median Graham Number is 1.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Diamond Estates Wines & Spirits's current Graham Number is C$N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Diamond Estates Wines & Spirits stock overvalued right now?
Based on GuruFocus' analysis, Diamond Estates Wines & Spirits (TSXV:DWS) is currently considered Modestly Overvalued. The stock's GF Value™ is C$0.13, compared to a current price of C$0.15 — trading 15.4% above its estimated fair value. The current Graham Number is C$N/A. Diamond Estates Wines & Spirits' overall GF Score™ is 39/100 with 5 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 Diamond Estates Wines & Spirits (TSXV:DWS), the current Graham Number is C$N/A as of Mar. 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 Diamond Estates Wines & Spirits (TSXV:DWS) Overvalued in 2026?
Based on GuruFocus' analysis, Diamond Estates Wines & Spirits stock appears to be overvalued.
The current stock price of C$0.15 is trading 15.4% above its estimated GF Value™ of C$0.13.
GuruFocus considers Diamond Estates Wines & Spirits to be Modestly Overvalued.
Key valuation signals for TSXV:DWS:
Graham Number: C$N/A
GF Value™: C$0.13 vs. price of C$0.15 (15.4% above fair value)
No single metric tells the full story. See the TSXV:DWS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Diamond Estates Wines & Spirits Business Description
Diamond Estates Wines & Spirits Inc is a Canada-based firm engaged in the production, marketing, and sale of wine and through its agency division, operating as Trajectory Beverage Partners, distribution and marketing activities for various beverage alcohol brands that it represents in Canada. Its operating segments are Distribution and sales of products represented in Canada under agency agreements with third parties, and sales of manufactured wines. The company generates a majority of its revenue from the sale of wines.
39GF Score
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