Artifex MundiWAR:ART +2.05%98 Graham Number is zł22.04 as of Mar. 2026, which is 100% below its 10-year median of 1.05. GuruFocus rates WAR:ART with a GF Score™ of 98/100 and a GF Value™ of zł19.64 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 284 Interactive Media companies, Artifex Mundi ranks better than 66.9% 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 (2026-07-11), the stock price of Artifex Mundi is zł22.45. Artifex Mundi's graham number for the quarter that ended in Mar. 2026 was zł22.04. Therefore, Artifex Mundi's Price to Graham Number ratio for today is 1.02.
The historical rank and industry rank for Artifex Mundi's Graham Number or its related term are showing as below:
WAR:ART'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.45 Med: 1.05 Max: 3.35
Current: 1.02
During the past 11 years, the highest Price to Graham Number ratio of Artifex Mundi was 3.35. The lowest was 0.45. And the median was 1.05.
WAR:ART's Price-to-Graham-Number is ranked better than 66.9% of 284
companies
in the Interactive Media industry
Industry Median: 1.365
vs WAR:ART: 1.02
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Artifex Mundi (WAR:ART) 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.
Artifex Mundi's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
22.45
/
22.04
=
1.02
* 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.
Artifex Mundi Graham Number Related Terms
Artifex Mundi Graham Number Historical Data
* Premium members only.
The historical data trend for Artifex Mundi'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.
WAR:ART vs NTES, EA, TTWO: Graham Number Comparison
For the Electronic Gaming & Multimedia subindustry, Artifex Mundi'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.
Artifex Mundi Price-to-Graham-Number vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Artifex Mundi's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Artifex Mundi'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.
Artifex Mundi (WAR:ART) has a Graham Number of zł22.04 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Artifex Mundi and its competitors. This is 1999% above median its historical median of 1.05. Over the past decade, Artifex Mundi's Graham Number has ranged from 0.45 to 3.35. According to the industry distribution chart, Artifex Mundi ranks #94 out of 284 companies in the Interactive Media industry, placing it in the top 33.1%.
Is Artifex Mundi's Graham Number too high?
Artifex Mundi's current Graham Number of zł22.04 is 1999% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 3.35. Based on the distribution chart, Artifex Mundi ranks #94 out of 284 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Artifex Mundi has a GF Score™ of 98/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Artifex Mundi's Graham Number compare to NTES and EA?
According to the Interactive Media industry distribution chart, Artifex Mundi ranks #94 out of 284 companies for Graham Number. This puts Artifex Mundi in the upper half of its industry. The industry median Graham Number is 1.37. Historically, Artifex Mundi's own Graham Number has ranged from 0.45 to 3.35 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 an Interactive Media company?
The median Graham Number among Interactive Media companies is 1.37, based on 284 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 Artifex Mundi and its competitors. For the Interactive Media industry, the median Graham Number is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Artifex Mundi's current Graham Number is zł22.04, which is 1999% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Artifex Mundi stock overvalued right now?
Based on GuruFocus' analysis, Artifex Mundi (WAR:ART) is currently considered Modestly Overvalued. The stock's GF Value™ is zł19.64, compared to a current price of zł22.45 — trading 14.3% above its estimated fair value. The current Graham Number is zł22.04, which is 1999% above median its 10-year median of 1.05. Artifex Mundi's overall GF Score™ is 98/100 with 9 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 Artifex Mundi (WAR:ART), the current Graham Number is zł22.04 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 Artifex Mundi (WAR:ART) Overvalued in 2026?
Based on GuruFocus' analysis, Artifex Mundi stock appears to be overvalued.
The current stock price of zł22.45 is trading 14.3% above its estimated GF Value™ of zł19.64.
GuruFocus considers Artifex Mundi to be Modestly Overvalued.
Key valuation signals for WAR:ART:
Graham Number: zł22.04 (1999% above median its 10-year median of 1.05)
GF Value™: zł19.64 vs. price of zł22.45 (14.3% above fair value)
No single metric tells the full story. See the WAR:ART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Artifex Mundi SA is a producer, co-producer and publisher of games for platforms including Android, iOS, Windows Phone, PC, Mac, Linux, Xbox One and PlayStation 4. Its business segments include Game segment premium, which includes the production of games monetyzowanych model try-before- you-buy and publishing activities and investment in the field of games monetyzowanych model try-before- you-buy.
98GF Score
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