Legimi (WAR:LEG) Graham Number: złN/A (As of Mar. 2026)

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:LEG Legimi SA WAR:LEG
87 GF Score
Price zł29.00
GF Value zł36.03
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Legimi Graham Number?

Legimi WAR:LEG 87 Graham Number is złN/A as of Mar. 2026. GuruFocus rates WAR:LEG with a GF Score™ of 87/100 and a GF Value™ of zł36.03 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,480 Software companies, Legimi ranks worse than 67567.5% 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 (2026-07-28), the stock price of Legimi is zł29.00. Legimi's graham number for the quarter that ended in Mar. 2026 was złN/A. Therefore, Legimi's Price to Graham Number ratio for today is N/A.

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

WAR:LEG's Price-to-Graham-Number is not ranked *
in the Software industry.
Industry Median: 1.87
* Ranked among companies with meaningful Price-to-Graham-Number only.

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


Legimi  (WAR:LEG) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=29.00/N/A
=N/A

* 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.


Legimi Graham Number Related Terms


Legimi Graham Number Historical Data

* Premium members only.

The historical data trend for Legimi'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.

Legimi Graham Number Chart

Legimi Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Legimi Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 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 0.00

WAR:LEG vs QH, SHOP, UBER: Graham Number Comparison

For the Software - Application subindustry, Legimi'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.


Legimi Price-to-Graham-Number vs Software Industry

For the Software industry and Technology sector, Legimi's Price-to-Graham-Number distribution charts can be found below:

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


WAR:LEG
87GF Score
Legimi SA WAR:LEG
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Legimi Graham Number Calculation

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

Legimi'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*-3.028*1.328)
=N/A

Legimi'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*-2.514*0.034)
=N/A

* 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 złN/A mean?
Legimi (WAR:LEG) has a Graham Number of złN/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Legimi and its competitors. According to the industry distribution chart, Legimi ranks #999999 out of 1480 companies in the Software industry.
Is Legimi's Graham Number too high?
Legimi's current Graham Number is złN/A. Based on the distribution chart, Legimi ranks #999999 out of 1480 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Legimi has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Legimi's Graham Number compare to QH and SHOP?
According to the Software industry distribution chart, Legimi ranks #999999 out of 1480 companies for Graham Number. This places Legimi in the lower half of its industry. The industry median Graham Number is 1.87. 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 Software company?
The median Graham Number among Software companies is 1.87, based on 1,480 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 Legimi and its competitors. For the Software industry, the median Graham Number is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legimi's current Graham Number is złN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legimi stock overvalued right now?
Based on GuruFocus' analysis, Legimi (WAR:LEG) is currently considered Modestly Undervalued. The stock's GF Value™ is zł36.03, compared to a current price of zł29.00 — trading 19.5% below its estimated fair value. The current Graham Number is złN/A. Legimi's overall GF Score™ is 87/100 with 2 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 Legimi (WAR:LEG), the current Graham Number is złN/A 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 Legimi (WAR:LEG) Overvalued in 2026?

Based on GuruFocus' analysis, Legimi stock appears to be undervalued. The current stock price of zł29.00 is trading 19.5% below its estimated GF Value™ of zł36.03. GuruFocus considers Legimi to be Modestly Undervalued.

Key valuation signals for WAR:LEG:

  • Graham Number: złN/A
  • GF Value™: zł36.03 vs. price of zł29.00 (19.5% below fair value)
  • GF Score™: 87/100 with 2 warning signs

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


Legimi Business Description

Address Obornicka 330, Poznan, POL, 60-689
Legimi SA is providing subscription ebooks and audiobooks in a model such as global digital entertainment as Spotify and Netflix. Reading and listening with Legimi subscription is possible on almost all smartphones, tablets, and e-readers, as well as on some computers.
87GF Score

Get the complete analysis for WAR:LEG

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

zł29.00
Price
zł36.03
GF Value