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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.
Creotech InstrumentsWAR:CRI +1.65%73 Graham Number is zł54.25 as of Mar. 2026, which is 100% below its 10-year median of 9.05. GuruFocus rates WAR:CRI with a GF Score™ of 73/100 and a GF Value™ of zł977.91 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 218 Aerospace & Defense companies, Creotech Instruments ranks worse than 94.5% 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 (2026-08-01), the stock price of Creotech Instruments is zł676.00. Creotech Instruments's graham number for the quarter that ended in Mar. 2026 was zł54.25. Therefore, Creotech Instruments's Price to Graham Number ratio for today is 12.46.
The historical rank and industry rank for Creotech Instruments's Graham Number or its related term are showing as below:
WAR:CRI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 5.04 Med: 9.05 Max: 13.05
Current: 12.46
During the past 7 years, the highest Price to Graham Number ratio of Creotech Instruments was 13.05. The lowest was 5.04. And the median was 9.05.
WAR:CRI's Price-to-Graham-Number is ranked worse than 94.5% of 218
companies
in the Aerospace & Defense industry
Industry Median: 2.965
vs WAR:CRI: 12.46
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Creotech Instruments (WAR:CRI) 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.
Creotech Instruments's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
676.00
/
54.25
=
12.46
* 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.
Creotech Instruments Graham Number Related Terms
Creotech Instruments Graham Number Historical Data
* Premium members only.
The historical data trend for Creotech Instruments'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:CRI vs SPCX, GE, RTX: Graham Number Comparison
For the Aerospace & Defense subindustry, Creotech Instruments'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.
Creotech Instruments Price-to-Graham-Number vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Creotech Instruments's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Creotech Instruments'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.
Creotech Instruments (WAR:CRI) has a Graham Number of zł54.25 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Creotech Instruments and its competitors. This is 499% above median its historical median of 9.05. Over the past decade, Creotech Instruments' Graham Number has ranged from 5.04 to 13.05. According to the industry distribution chart, Creotech Instruments ranks #206 out of 218 companies in the Aerospace & Defense industry, placing it in the top 94.5%.
Is Creotech Instruments' Graham Number too high?
Creotech Instruments' current Graham Number of zł54.25 is 499% above median its 10-year median of 9.05. Over the past 10 years, this metric has ranged from a low of 5.04 to a high of 13.05. Based on the distribution chart, Creotech Instruments ranks #206 out of 218 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Creotech Instruments has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Creotech Instruments' Graham Number compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Creotech Instruments ranks #206 out of 218 companies for Graham Number. This places Creotech Instruments in the lower half of its industry. The industry median Graham Number is 2.97. Historically, Creotech Instruments' own Graham Number has ranged from 5.04 to 13.05 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 Aerospace & Defense company?
The median Graham Number among Aerospace & Defense companies is 2.97, based on 218 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 Creotech Instruments and its competitors. For the Aerospace & Defense industry, the median Graham Number is 2.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Creotech Instruments's current Graham Number is zł54.25, which is 499% above median its own 10-year median of 9.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Creotech Instruments stock overvalued right now?
Based on GuruFocus' analysis, Creotech Instruments (WAR:CRI) is currently considered Possible Value Trap. The stock's GF Value™ is zł977.91, compared to a current price of zł676.00 — trading 30.9% below its estimated fair value. The current Graham Number is zł54.25, which is 499% above median its 10-year median of 9.05. Creotech Instruments' overall GF Score™ is 73/100 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 Creotech Instruments (WAR:CRI), the current Graham Number is zł54.25 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 Creotech Instruments (WAR:CRI) Overvalued in 2026?
Based on GuruFocus' analysis, Creotech Instruments stock appears to be undervalued.
The current stock price of zł676.00 is trading 30.9% below its estimated GF Value™ of zł977.91.
GuruFocus considers Creotech Instruments to be Possible Value Trap.
Key valuation signals for WAR:CRI:
Graham Number: zł54.25 (499% above median its 10-year median of 9.05)
GF Value™: zł977.91 vs. price of zł676.00 (30.9% below fair value)
No single metric tells the full story. See the WAR:CRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Creotech Instruments SA is a provider of advanced space technologies, specialized electronics, and hardware with global applications in areas such as quantum computers, quantum cryptography, quantum physics, and high energy physics laboratories. Its five primary business segments are: NewSpace dedicated to developing a satellite platform and its components; Earth Observation dedicated to developing Earth Observation systems and UAV technology (Unmanned Aerial Vehicle); Science dedicated to developing specialized electronics and components for quantum computers and time synchronization systems; Production dedicated to the manufacture of electronics; ESA Projects dedicated chiefly to projects carried in partnership with or/and commissioned by the European Space Agency (ESA).
73GF Score
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