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LSI SoftwareWAR:LSI -5.10%77 Graham Number is zł41.64 as of Mar. 2026, which is 100% below its 10-year median of 0.89. GuruFocus rates WAR:LSI with a GF Score™ of 77/100 and a GF Value™ of zł26.08 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,475 Software companies, LSI Software ranks better than 63.12% 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 (2026-07-15), the stock price of LSI Software is zł59.60. LSI Software's graham number for the quarter that ended in Mar. 2026 was zł41.64. Therefore, LSI Software's Price to Graham Number ratio for today is 1.43.
The historical rank and industry rank for LSI Software's Graham Number or its related term are showing as below:
WAR:LSI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.6 Med: 0.89 Max: 1.97
Current: 1.43
During the past 13 years, the highest Price to Graham Number ratio of LSI Software was 1.97. The lowest was 0.60. And the median was 0.89.
WAR:LSI's Price-to-Graham-Number is ranked better than 63.12% of 1475
companies
in the Software industry
Industry Median: 1.85
vs WAR:LSI: 1.43
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
LSI Software (WAR:LSI) 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.
LSI Software's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
59.60
/
41.64
=
1.43
* 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.
LSI Software Graham Number Related Terms
LSI Software Graham Number Historical Data
* Premium members only.
The historical data trend for LSI Software'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:LSI vs UBER, SHOP, CRM: Graham Number Comparison
For the Software - Application subindustry, LSI Software'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.
LSI Software Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, LSI Software's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where LSI Software'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.
LSI Software (WAR:LSI) has a Graham Number of zł41.64 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on LSI Software and its competitors. This is 4579% above median its historical median of 0.89. Over the past decade, LSI Software's Graham Number has ranged from 0.60 to 1.97. According to the industry distribution chart, LSI Software ranks #544 out of 1475 companies in the Software industry, placing it in the top 36.9%.
Is LSI Software's Graham Number too high?
LSI Software's current Graham Number of zł41.64 is 4579% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 1.97. Based on the distribution chart, LSI Software ranks #544 out of 1475 companies in the Software industry, which is above the industry midpoint. Overall, LSI Software has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LSI Software's Graham Number compare to UBER and SHOP?
According to the Software industry distribution chart, LSI Software ranks #544 out of 1475 companies for Graham Number. This puts LSI Software in the upper half of its industry. The industry median Graham Number is 1.85. Historically, LSI Software's own Graham Number has ranged from 0.60 to 1.97 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 Software company?
The median Graham Number among Software companies is 1.85, based on 1,475 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 LSI Software and its competitors. For the Software industry, the median Graham Number is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LSI Software's current Graham Number is zł41.64, which is 4579% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LSI Software stock overvalued right now?
Based on GuruFocus' analysis, LSI Software (WAR:LSI) is currently considered Significantly Overvalued. The stock's GF Value™ is zł26.08, compared to a current price of zł59.60 — trading 128.5% above its estimated fair value. The current Graham Number is zł41.64, which is 4579% above median its 10-year median of 0.89. LSI Software's overall GF Score™ is 77/100 with 7 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 LSI Software (WAR:LSI), the current Graham Number is zł41.64 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 LSI Software (WAR:LSI) Overvalued in 2026?
Based on GuruFocus' analysis, LSI Software stock appears to be overvalued.
The current stock price of zł59.60 is trading 128.5% above its estimated GF Value™ of zł26.08.
GuruFocus considers LSI Software to be Significantly Overvalued.
Key valuation signals for WAR:LSI:
Graham Number: zł41.64 (4579% above median its 10-year median of 0.89)
GF Value™: zł26.08 vs. price of zł59.60 (128.5% above fair value)
No single metric tells the full story. See the WAR:LSI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LSI Software SA is engaged in software development for retail and hospitality sectors as well as for cinema operators. It also involved in professional services, implementation services, maintenance, and the supplying of hardware solutions. The company products are bifurcated namely Bastion Enterprise Resource Planning (ERP), Positive Retail, Positive Hospitality and Expert computer hardware. The company derives majority of its revenues from the sale of the Software business and has operations spread across Poland. Its geographic segments include Poland and other countries.
77GF Score
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