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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.
The historical rank and industry rank for ED Invest Allotment cert's Graham Number or its related term are showing as below:
WAR:EDI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.24 Med: 0.38 Max: 1.2
Current: 0.93
During the past 13 years, the highest Price to Graham Number ratio of ED Invest Allotment cert was 1.20. The lowest was 0.24. And the median was 0.38.
WAR:EDI's Price-to-Graham-Number is ranked worse than 64.79% of 71
companies
in the Homebuilding & Construction industry
Industry Median: 0.75
vs WAR:EDI: 0.93
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
ED Invest Allotment cert (WAR:EDI) 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.
ED Invest Allotment cert's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
8.42
/
9.10
=
0.93
* 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.
ED Invest Allotment cert Graham Number Related Terms
ED Invest Allotment cert Graham Number Historical Data
* 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:EDI vs DHI, PHM, LEN: Graham Number Comparison
For the Residential Construction subindustry, ED Invest Allotment cert'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.
ED Invest Allotment cert Price-to-Graham-Number vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, ED Invest Allotment cert's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where ED Invest Allotment cert'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.
ED Invest Allotment cert (WAR:EDI) has a Graham Number of zł9.10 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on ED Invest Allotment cert and its competitors. According to the industry distribution chart, ED Invest Allotment cert ranks #46 out of 71 companies in the Homebuilding & Construction industry, placing it in the top 64.8%.
Is ED Invest Allotment cert's Graham Number too high?
ED Invest Allotment cert's current Graham Number is zł9.10. Based on the distribution chart, ED Invest Allotment cert ranks #46 out of 71 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, ED Invest Allotment cert has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ED Invest Allotment cert's Graham Number compare to DHI and PHM?
According to the Homebuilding & Construction industry distribution chart, ED Invest Allotment cert ranks #46 out of 71 companies for Graham Number. This places ED Invest Allotment cert in the lower half of its industry. The industry median Graham Number is 0.75. 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 Homebuilding & Construction company?
The median Graham Number among Homebuilding & Construction companies is 0.75, based on 71 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 ED Invest Allotment cert and its competitors. For the Homebuilding & Construction industry, the median Graham Number is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ED Invest Allotment cert's current Graham Number is zł9.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ED Invest Allotment cert stock overvalued right now?
Based on GuruFocus' analysis, ED Invest Allotment cert (WAR:EDI) is currently considered Modestly Undervalued. The stock's GF Value™ is zł10.15, compared to a current price of zł8.42 — trading 17% below its estimated fair value. The current Graham Number is zł9.10. ED Invest Allotment cert's overall GF Score™ is 78/100 with 8 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 ED Invest Allotment cert (WAR:EDI), the current Graham Number is zł9.10 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 ED Invest Allotment cert (WAR:EDI) Overvalued in 2026?
Based on GuruFocus' analysis, ED Invest Allotment cert stock appears to be undervalued.
The current stock price of zł8.42 is trading 17% below its estimated GF Value™ of zł10.15.
GuruFocus considers ED Invest Allotment cert to be Modestly Undervalued.
Key valuation signals for WAR:EDI:
Graham Number: zł9.10
GF Value™: zł10.15 vs. price of zł8.42 (17% below fair value)
No single metric tells the full story. See the WAR:EDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ED Invest SA Allotment cert is engaged in the investment, implementation and sale in the real estate sector. The company develops residential and office buildings in the Warsaw area.
78GF Score
Get the complete analysis for WAR:EDI
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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