KSG Agro (WAR:KSG) Graham Number: zł2.31 (As of Sep. 2025) — 313% Above 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:KSG KSG Agro SA WAR:KSG
58 GF Score
Price zł3.37
GF Value zł2.07
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is KSG Agro Graham Number?

KSG Agro WAR:KSG +3.06% 58 Graham Number is zł2.31 as of Sep. 2025, which is 100% below its 10-year median of 0.56. GuruFocus rates WAR:KSG with a GF Score™ of 58/100 and a GF Value™ of zł2.07 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,385 Consumer Packaged Goods companies, KSG Agro ranks worse than 62.31% 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 (2026-08-02), the stock price of KSG Agro is zł3.365. KSG Agro's graham number for the quarter that ended in Sep. 2025 was zł2.31. Therefore, KSG Agro's Price to Graham Number ratio for today is 1.46.

The historical rank and industry rank for KSG Agro's Graham Number or its related term are showing as below:

WAR:KSG' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.15   Med: 0.56   Max: 1.58
Current: 1.44

During the past 13 years, the highest Price to Graham Number ratio of KSG Agro was 1.58. The lowest was 0.15. And the median was 0.56.

WAR:KSG's Price-to-Graham-Number is ranked worse than
62.31% of 1385 companies
in the Consumer Packaged Goods industry
Industry Median: 1.1 vs WAR:KSG: 1.44

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


KSG Agro  (WAR:KSG) 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.

KSG Agro's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Sep. 2025 )
=3.365/2.31
=1.46

* 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.


KSG Agro Graham Number Related Terms


KSG Agro Graham Number Historical Data

* Premium members only.

The historical data trend for KSG Agro'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.

KSG Agro Graham Number Chart

KSG Agro Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

KSG Agro Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.31

WAR:KSG vs ADM, BG, TSN: Graham Number Comparison

For the Farm Products subindustry, KSG Agro'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.


KSG Agro Price-to-Graham-Number vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, KSG Agro's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where KSG Agro's Price-to-Graham-Number falls into.


WAR:KSG
58GF Score
KSG Agro SA WAR:KSG
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KSG Agro Graham Number Calculation

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

KSG Agro's Graham Number for the fiscal year that ended in Dec. 2024 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1.205*-0.177)
=N/A

KSG Agro's Graham Number for the quarter that ended in Sep. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*2.197*0.108)
=2.31

* 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 zł2.31 mean?
KSG Agro (WAR:KSG) has a Graham Number of zł2.31 as of Sep. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on KSG Agro and its competitors. This is 313% above median its historical median of 0.56. Over the past decade, KSG Agro's Graham Number has ranged from 0.15 to 1.58. According to the industry distribution chart, KSG Agro ranks #863 out of 1385 companies in the Consumer Packaged Goods industry, placing it in the top 62.3%.
Is KSG Agro's Graham Number too high?
KSG Agro's current Graham Number of zł2.31 is 313% above median its 10-year median of 0.56. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 1.58. Based on the distribution chart, KSG Agro ranks #863 out of 1385 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, KSG Agro has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KSG Agro's Graham Number compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, KSG Agro ranks #863 out of 1385 companies for Graham Number. This places KSG Agro in the lower half of its industry. The industry median Graham Number is 1.10. Historically, KSG Agro's own Graham Number has ranged from 0.15 to 1.58 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 a Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.10, based on 1,385 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 KSG Agro and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KSG Agro's current Graham Number is zł2.31, which is 313% above median its own 10-year median of 0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KSG Agro stock overvalued right now?
Based on GuruFocus' analysis, KSG Agro (WAR:KSG) is currently considered Significantly Overvalued. The stock's GF Value™ is zł2.07, compared to a current price of zł3.37 — trading 62.6% above its estimated fair value. The current Graham Number is zł2.31, which is 313% above median its 10-year median of 0.56. KSG Agro's overall GF Score™ is 58/100 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 KSG Agro (WAR:KSG), the current Graham Number is zł2.31 as of Sep. 2025. 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 KSG Agro (WAR:KSG) Overvalued in 2026?

Based on GuruFocus' analysis, KSG Agro stock appears to be overvalued. The current stock price of zł3.37 is trading 62.6% above its estimated GF Value™ of zł2.07. GuruFocus considers KSG Agro to be Significantly Overvalued.

Key valuation signals for WAR:KSG:

  • Graham Number: zł2.31 (313% above median its 10-year median of 0.56)
  • GF Value™: zł2.07 vs. price of zł3.37 (62.6% above fair value)
  • GF Score™: 58/100 with 6 warning signs

No single metric tells the full story. See the WAR:KSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KSG Agro Business Description

Address 24, rue Astrid, Luxembourg, LUX, L-1143
KSG Agro SA operates in the agricultural sector with activities in Ukraine and Poland. The company operates through three main segments: Crop Farming, Pig Breeding, and Other Services. The Crop Farming segment produces various crops, including sunflower, corn, wheat, barley, and rapeseed, along with providing land cultivation services. The Pig Breeding segment focuses on breeding Danish purebred sows and the sale of pigs and piglets. The Other segment encompasses the production of fuel pellets and thermal energy, wholesale trade of crops and other goods, and offers services such as pork processing. Maximum revenue is from the Crop Farming segment. KSG Agro aims to supply agricultural products through its integrated operations and maintains a presence in multiple countries across Europe.
58GF Score

Get the complete analysis for WAR:KSG

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł3.37
Price
zł2.07
GF Value