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University BancorpUNIB 57 Graham Number is $24.49 as of Dec. 2025, which is 2189% above its 10-year median of 1.07. GuruFocus rates UNIB with a GF Score™ of 57/100 and a GF Value™ of $17.83 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,436 Banks companies, University Bancorp ranks worse than 63.93% 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 (2026-07-17), the stock price of University Bancorp is $22.56. University Bancorp's graham number for the quarter that ended in Dec. 2025 was $24.49. Therefore, University Bancorp's Price to Graham Number ratio for today is 0.92.
The historical rank and industry rank for University Bancorp's Graham Number or its related term are showing as below:
UNIB'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.4 Med: 1.07 Max: 1.61
Current: 0.92
During the past 13 years, the highest Price to Graham Number ratio of University Bancorp was 1.61. The lowest was 0.40. And the median was 1.07.
UNIB's Price-to-Graham-Number is ranked worse than 63.93% of 1436
companies
in the Banks industry
Industry Median: 0.81
vs UNIB: 0.92
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
University Bancorp (OTCPK:UNIB) 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.
University Bancorp's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
22.56
/
24.49
=
0.92
* 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.
University Bancorp Graham Number Related Terms
University Bancorp Graham Number Historical Data
* Premium members only.
The historical data trend for University Bancorp'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.
UNIB vs KTHN, PNBK, FKYS: Graham Number Comparison
For the Banks - Regional subindustry, University Bancorp'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.
University Bancorp Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, University Bancorp's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where University Bancorp'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.
University Bancorp (UNIB) has a Graham Number of $24.49 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on University Bancorp and its competitors. This is 2189% above median its historical median of 1.07. Over the past decade, University Bancorp's Graham Number has ranged from 0.40 to 1.61. According to the industry distribution chart, University Bancorp ranks #918 out of 1436 companies in the Banks industry, placing it in the top 63.9%.
Is University Bancorp's Graham Number too high?
University Bancorp's current Graham Number of $24.49 is 2189% above median its 10-year median of 1.07. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.61. The Banks industry median Graham Number is 0.81. University Bancorp's value of $24.49 is 2923.5% above this industry median. Based on the distribution chart, University Bancorp ranks #918 out of 1436 companies in the Banks industry, which is below the industry midpoint. Overall, University Bancorp has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does University Bancorp's Graham Number compare to KTHN and PNBK?
According to the Banks industry distribution chart, University Bancorp ranks #918 out of 1436 companies for Graham Number. This places University Bancorp in the lower half of its industry. The industry median Graham Number is 0.81. University Bancorp's value of $24.49 is 2923.5% above this benchmark. Historically, University Bancorp's own Graham Number has ranged from 0.40 to 1.61 over the past decade. While the company's 10-year median is 1.07 vs. the industry median of 0.81, University Bancorp 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 Banks company?
The median Graham Number among Banks companies is 0.81, based on 1,436 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. University Bancorp's current Graham Number of $24.49 is 2923.5% 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 University Bancorp and its competitors. For the Banks industry, the median Graham Number is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. University Bancorp's current Graham Number is $24.49, which is 2189% above median its own 10-year median of 1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is University Bancorp stock overvalued right now?
Based on GuruFocus' analysis, University Bancorp (UNIB) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.83, compared to a current price of $22.56 — trading 26.5% above its estimated fair value. The current Graham Number is $24.49, which is 2189% above median its 10-year median of 1.07 and 2923.5% above the Banks industry median of 0.81. University Bancorp's overall GF Score™ is 57/100 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 University Bancorp (UNIB), the current Graham Number is $24.49 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 University Bancorp (UNIB) Overvalued in 2026?
Based on GuruFocus' analysis, University Bancorp stock appears to be overvalued.
The current stock price of $22.56 is trading 26.5% above its estimated GF Value™ of $17.83.
GuruFocus considers University Bancorp to be Modestly Overvalued.
Key valuation signals for UNIB:
Graham Number: $24.49 (2189% above median its 10-year median of 1.07)
GF Value™: $17.83 vs. price of $22.56 (26.5% above fair value)
Industry Position: 2923.5% above the Banks median (#918 of 1436)
No single metric tells the full story. See the UNIB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
University Bancorp Inc is a holding company. It is a full-service community bank that offers all customary banking services, including the acceptance of checking, savings, and time deposits. The bank also makes commercial, real estate, personal, home improvement, automotive, and another installment, credit card, and consumer loans, and provides fee-based services such as foreign currency exchange. The company's customer base is located in the Ann Arbor, Michigan metropolitan statistical area.
57GF Score
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