Tuas (TUALF) Graham Number: $0.64 (As of Jan. 2026) — 93% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TUALF Tuas Ltd TUALF
49 GF Score
Price $3.49
GF Value $9.56
! 1 Warning Sign
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What is Tuas Graham Number?

Tuas TUALF 49 Graham Number is $0.64 as of Jan. 2026, which is 93% below its 10-year median of 9.10. GuruFocus rates TUALF with a GF Score™ of 49/100 and a GF Value™ of $9.56. The stock has 1 warning sign investors should review. Among 192 Telecommunication Services companies, Tuas ranks worse than 73.44% 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 (2026-07-15), the stock price of Tuas is $3.49. Tuas's graham number for the quarter that ended in Jan. 2026 was $0.64. Therefore, Tuas's Price to Graham Number ratio for today is 5.44.

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

TUALF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.42   Med: 9.1   Max: 19.91
Current: 2.42

During the past 4 years, the highest Price to Graham Number ratio of Tuas was 19.91. The lowest was 2.42. And the median was 9.10.

TUALF's Price-to-Graham-Number is ranked worse than
73.44% of 192 companies
in the Telecommunication Services industry
Industry Median: 1.585 vs TUALF: 2.42

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


Tuas  (OTCPK:TUALF) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Jan. 2026 )
=3.49/0.64
=5.44

* 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.


Tuas Graham Number Related Terms


Tuas Graham Number Historical Data

* Premium members only.

The historical data trend for Tuas'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.

Tuas Graham Number Chart

Tuas Annual Data
Trend Jul22 Jul23 Jul24 Jul25
Graham Number
0.00 0.00 0.00 0.37

Tuas Semi-Annual Data
Jan20 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.22 0.37 0.64

TUALF vs TMUS, VZ, T: Graham Number Comparison

For the Telecom Services subindustry, Tuas'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.


Tuas Price-to-Graham-Number vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Tuas's Price-to-Graham-Number distribution charts can be found below:

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


TUALF
49GF Score
Tuas Ltd TUALF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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Tuas Graham Number Calculation

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

Tuas'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*0.563*0.011)
=0.37

Tuas'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*1.015*0.018)
=0.64

* 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 $0.64 mean?
Tuas (TUALF) has a Graham Number of $0.64 as of Jan. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tuas and its competitors. This is 93% below median its historical median of 9.10. Over the past decade, Tuas' Graham Number has ranged from 2.42 to 19.91. According to the industry distribution chart, Tuas ranks #141 out of 192 companies in the Telecommunication Services industry, placing it in the top 73.4%.
Is Tuas' Graham Number too high?
Tuas' current Graham Number of $0.64 is 93% below median its 10-year median of 9.10. Over the past 10 years, this metric has ranged from a low of 2.42 to a high of 19.91. The Telecommunication Services industry median Graham Number is 1.59. Tuas' value of $0.64 is 59.6% below this industry median. Based on the distribution chart, Tuas ranks #141 out of 192 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Tuas has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does Tuas' Graham Number compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Tuas ranks #141 out of 192 companies for Graham Number. This places Tuas in the lower half of its industry. The industry median Graham Number is 1.59. Tuas' value of $0.64 is 59.6% below this benchmark. Historically, Tuas' own Graham Number has ranged from 2.42 to 19.91 over the past decade. While the company's 10-year median is 9.10 vs. the industry median of 1.59, Tuas has consistently been below 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 1.59, 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. Tuas's current Graham Number of $0.64 is 59.6% below 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 Tuas and its competitors. For the Telecommunication Services industry, the median Graham Number is 1.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tuas's current Graham Number is $0.64, which is 93% below median its own 10-year median of 9.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tuas stock overvalued right now?
Tuas (TUALF) has a current Graham Number of $0.64. The stock's GF Value™ is $9.56, compared to a current price of $3.49 — trading 63.5% below its estimated fair value. The current Graham Number is $0.64, which is 93% below median its 10-year median of 9.10 and 59.6% below the Telecommunication Services industry median of 1.59. Tuas' overall GF Score™ is 49/100 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 Tuas (TUALF), the current Graham Number is $0.64 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 Tuas (TUALF) Overvalued in 2026?

Based on GuruFocus' analysis, Tuas stock appears to be undervalued. The current stock price of $3.49 is trading 63.5% below its estimated GF Value™ of $9.56.

Key valuation signals for TUALF:

  • Graham Number: $0.64 (93% below median its 10-year median of 9.10)
  • GF Value™: $9.56 vs. price of $3.49 (63.5% below fair value)
  • GF Score™: 49/100 with 1 warning sign
  • Industry Position: 59.6% below the Telecommunication Services median (#141 of 192)

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


Tuas Business Description

Other Exchanges TUA:Australia
Address c/- Level 4, 68 Waterloo Road, Macquarie Park, Sydney, NSW, AUS, 2113
Tuas Ltd owns and operates a mobile network and provides telecommunications services in Singapore. The company generates revenue from network infrastructure to provide mobile telecommunication services.
49GF Score

Get the complete analysis for TUALF

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

$3.49
Price
$9.56
GF Value