VNME (Vendome Acquisition I) Graham Number: $3.70 (As of Mar. 2026) — 36% Above Median

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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.
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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.

VNME Vendome Acquisition Corp I VNME
13 GF Score
Price $10.25
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What is Vendome Acquisition I Graham Number?

Vendome Acquisition I VNME 13 Graham Number is $3.70 as of Mar. 2026, which is 36% above its 10-year median of 2.72. GuruFocus rates VNME with a GF Score™ of 13/100. Among 291 Diversified Financial Services companies, Vendome Acquisition I ranks worse than 71.48% 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 (2026-08-05), the stock price of Vendome Acquisition I is $10.25. Vendome Acquisition I's graham number for the quarter that ended in Mar. 2026 was $3.70. Therefore, Vendome Acquisition I's Price to Graham Number ratio for today is 2.77.

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

VNME' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.72   Med: 2.72   Max: 2.77
Current: 2.77

During the past 1 years, the highest Price to Graham Number ratio of Vendome Acquisition I was 2.77. The lowest was 2.72. And the median was 2.72.

VNME's Price-to-Graham-Number is ranked worse than
71.48% of 291 companies
in the Diversified Financial Services industry
Industry Median: 1.83 vs VNME: 2.77

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


Vendome Acquisition I  (NAS:VNME) 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.

Vendome Acquisition I's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=10.25/3.70
=2.77

* 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.


Vendome Acquisition I Graham Number Related Terms


Vendome Acquisition I Graham Number Historical Data

* Premium members only.

The historical data trend for Vendome Acquisition I'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.

Vendome Acquisition I Graham Number Chart

Vendome Acquisition I Annual Data
Trend Dec25
Graham Number
0.00

Vendome Acquisition I Quarterly Data
Feb25 Jun25 Sep25 Dec25 Mar26
Graham Number 0.00 0.00 0.00 1.36 3.70

VNME vs PLMK, SCII, TRGS: Graham Number Comparison

For the Shell Companies subindustry, Vendome Acquisition I'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.


Vendome Acquisition I Price-to-Graham-Number vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Vendome Acquisition I's Price-to-Graham-Number distribution charts can be found below:

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


VNME
13GF Score
Vendome Acquisition Corp I VNME
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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Vendome Acquisition I Graham Number Calculation

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

Vendome Acquisition I's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5**0)
=N/A

Vendome Acquisition I's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*8.242*0.074)
=3.70

* 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 $3.70 mean?
Vendome Acquisition I (VNME) has a Graham Number of $3.70 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Vendome Acquisition I and its competitors. This is 36% above median its historical median of 2.72. Over the past decade, Vendome Acquisition I's Graham Number has ranged from 2.72 to 2.77. According to the industry distribution chart, Vendome Acquisition I ranks #208 out of 291 companies in the Diversified Financial Services industry, placing it in the top 71.5%.
Is Vendome Acquisition I's Graham Number too high?
Vendome Acquisition I's current Graham Number of $3.70 is 36% above median its 10-year median of 2.72. Over the past 10 years, this metric has ranged from a low of 2.72 to a high of 2.77. The Diversified Financial Services industry median Graham Number is 1.83. Vendome Acquisition I's value of $3.70 is 102.2% above this industry median. Based on the distribution chart, Vendome Acquisition I ranks #208 out of 291 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, Vendome Acquisition I has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Vendome Acquisition I's Graham Number compare to PLMK and SCII?
According to the Diversified Financial Services industry distribution chart, Vendome Acquisition I ranks #208 out of 291 companies for Graham Number. This places Vendome Acquisition I in the lower half of its industry. The industry median Graham Number is 1.83. Vendome Acquisition I's value of $3.70 is 102.2% above this benchmark. Historically, Vendome Acquisition I's own Graham Number has ranged from 2.72 to 2.77 over the past decade. While the company's 10-year median is 2.72 vs. the industry median of 1.83, Vendome Acquisition I 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 Diversified Financial Services company?
The median Graham Number among Diversified Financial Services companies is 1.83, based on 291 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. Vendome Acquisition I's current Graham Number of $3.70 is 102.2% 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 Vendome Acquisition I and its competitors. For the Diversified Financial Services industry, the median Graham Number is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vendome Acquisition I's current Graham Number is $3.70, which is 36% above median its own 10-year median of 2.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vendome Acquisition I stock overvalued right now?
Vendome Acquisition I (VNME) has a current Graham Number of $3.70. The current Graham Number is $3.70, which is 36% above median its 10-year median of 2.72 and 102.2% above the Diversified Financial Services industry median of 1.83. Vendome Acquisition I's overall GF Score™ is 13/100. 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 Vendome Acquisition I (VNME), the current Graham Number is $3.70 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.

Vendome Acquisition I Business Description

Address 1090 Center Drive, Park City, UT, USA, 84098
Vendome Acquisition Corp I is a blank check company.
13GF Score

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