Dark Point Games (WAR:DPG) Graham Number: zł3.16 (As of Mar. 2026) — 69% 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.

WAR:DPG Dark Point Games SA WAR:DPG
11 GF Score
Price zł13.00
! 1 Warning Sign
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What is Dark Point Games Graham Number?

Dark Point Games WAR:DPG 11 Graham Number is zł3.16 as of Mar. 2026, which is 100% below its 10-year median of 10.30. GuruFocus rates WAR:DPG with a GF Score™ of 11/100. The stock has 1 warning sign investors should review. Among 282 Interactive Media companies, Dark Point Games ranks worse than 87.94% 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 (2026-07-30), the stock price of Dark Point Games is zł13.00. Dark Point Games's graham number for the quarter that ended in Mar. 2026 was zł3.16. Therefore, Dark Point Games's Price to Graham Number ratio for today is 4.12.

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

WAR:DPG' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 4.11   Med: 10.3   Max: 15.54
Current: 4.11

During the past 4 years, the highest Price to Graham Number ratio of Dark Point Games was 15.54. The lowest was 4.11. And the median was 10.30.

WAR:DPG's Price-to-Graham-Number is ranked worse than
87.94% of 282 companies
in the Interactive Media industry
Industry Median: 1.375 vs WAR:DPG: 4.11

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


Dark Point Games  (WAR:DPG) 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.

Dark Point Games's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=13.00/3.16
=4.12

* 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.


Dark Point Games Graham Number Related Terms


Dark Point Games Graham Number Historical Data

* Premium members only.

The historical data trend for Dark Point Games'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.

Dark Point Games Graham Number Chart

Dark Point Games Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Graham Number
0.00 0.00 0.00 1.48

Dark Point Games Quarterly Data
Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 1.48 3.16

WAR:DPG vs NTES, EA, TTWO: Graham Number Comparison

For the Electronic Gaming & Multimedia subindustry, Dark Point Games'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.


Dark Point Games Price-to-Graham-Number vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Dark Point Games's Price-to-Graham-Number distribution charts can be found below:

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


WAR:DPG
11GF Score
Dark Point Games SA WAR:DPG
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Dark Point Games Graham Number Calculation

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

Dark Point Games'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*1.568*0.062)
=1.48

Dark Point Games'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*1.916*0.231)
=3.16

* 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 zł3.16 mean?
Dark Point Games (WAR:DPG) has a Graham Number of zł3.16 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Dark Point Games and its competitors. This is 69% below median its historical median of 10.30. Over the past decade, Dark Point Games' Graham Number has ranged from 4.11 to 15.54. According to the industry distribution chart, Dark Point Games ranks #248 out of 282 companies in the Interactive Media industry, placing it in the top 87.9%.
Is Dark Point Games' Graham Number too high?
Dark Point Games' current Graham Number of zł3.16 is 69% below median its 10-year median of 10.30. Over the past 10 years, this metric has ranged from a low of 4.11 to a high of 15.54. Based on the distribution chart, Dark Point Games ranks #248 out of 282 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Dark Point Games has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Dark Point Games' Graham Number compare to NTES and EA?
According to the Interactive Media industry distribution chart, Dark Point Games ranks #248 out of 282 companies for Graham Number. This places Dark Point Games in the lower half of its industry. The industry median Graham Number is 1.38. Historically, Dark Point Games' own Graham Number has ranged from 4.11 to 15.54 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 1.38, based on 282 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 Dark Point Games and its competitors. For the Interactive Media industry, the median Graham Number is 1.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dark Point Games's current Graham Number is zł3.16, which is 69% below median its own 10-year median of 10.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dark Point Games stock overvalued right now?
Dark Point Games (WAR:DPG) has a current Graham Number of zł3.16. The current Graham Number is zł3.16, which is 69% below median its 10-year median of 10.30. Dark Point Games' overall GF Score™ is 11/100 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 Dark Point Games (WAR:DPG), the current Graham Number is zł3.16 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.

Dark Point Games Business Description

Address Poznanska 154L, Torun, POL, 87-100
Dark Point Games SA is a development studio specializing in creating video games for computers and consoles. It is focuses on creating complex independent titles that combine the features of high-budget games, referred to by developers as Premium Indie.
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