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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.
As of today (2026-07-29), the stock price of Mostostal Warszawa is zł3.42. Mostostal Warszawa's graham number for the quarter that ended in Mar. 2026 was złN/A. Therefore, Mostostal Warszawa's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Mostostal Warszawa's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Mostostal Warszawa was 3.13. The lowest was 0.46. And the median was 0.93.
WAR:MSW's Price-to-Graham-Number is not ranked *
in the Construction industry.
Industry Median: 1 * 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.
Mostostal Warszawa (WAR:MSW) 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.
Mostostal Warszawa's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
3.42
/
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.
Mostostal Warszawa Graham Number Related Terms
Mostostal Warszawa Graham Number Historical Data
* Premium members only.
The historical data trend for Mostostal Warszawa'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:MSW vs PWR, FIX, EME: Graham Number Comparison
For the Engineering & Construction subindustry, Mostostal Warszawa'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.
Mostostal Warszawa Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Mostostal Warszawa's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Mostostal Warszawa'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.
Mostostal Warszawa (WAR:MSW) 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 Mostostal Warszawa and its competitors. Over the past decade, Mostostal Warszawa's Graham Number has ranged from 0.46 to 3.13. According to the industry distribution chart, Mostostal Warszawa ranks #999999 out of 1213 companies in the Construction industry.
Is Mostostal Warszawa's Graham Number too high?
Mostostal Warszawa's current Graham Number is złN/A. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 3.13. Based on the distribution chart, Mostostal Warszawa ranks #999999 out of 1213 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Mostostal Warszawa has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Mostostal Warszawa's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, Mostostal Warszawa ranks #999999 out of 1213 companies for Graham Number. This places Mostostal Warszawa in the lower half of its industry. The industry median Graham Number is 1.00. Historically, Mostostal Warszawa's own Graham Number has ranged from 0.46 to 3.13 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 Construction company?
The median Graham Number among Construction companies is 1.00, based on 1,213 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 Mostostal Warszawa and its competitors. For the Construction industry, the median Graham Number is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mostostal Warszawa'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 Mostostal Warszawa stock overvalued right now?
Based on GuruFocus' analysis, Mostostal Warszawa (WAR:MSW) is currently considered Possible Value Trap. The stock's GF Value™ is zł5.11, compared to a current price of zł3.42 — trading 33.1% below its estimated fair value. The current Graham Number is złN/A. Mostostal Warszawa's overall GF Score™ is 53/100 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 Mostostal Warszawa (WAR:MSW), 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 Mostostal Warszawa (WAR:MSW) Overvalued in 2026?
Based on GuruFocus' analysis, Mostostal Warszawa stock appears to be undervalued.
The current stock price of zł3.42 is trading 33.1% below its estimated GF Value™ of zł5.11.
GuruFocus considers Mostostal Warszawa to be Possible Value Trap.
Key valuation signals for WAR:MSW:
Graham Number: złN/A
GF Value™: zł5.11 vs. price of zł3.42 (33.1% below fair value)
No single metric tells the full story. See the WAR:MSW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mostostal Warszawa SA is a Poland based construction company. It operates as the general contractor and undertakes construction activities in the areas of general, industrial, environmental, energy, infrastructural and road. General construction includes commercial construction like residential buildings and housing developments, office facilities, public buildings, production halls, and warehouses. Industrial construction encompasses the development of large-scale industrial projects. Infrastructural and road construction consists of the construction of bridges, overpasses, multi-level crossings and underground structures. Environmental construction consists of the execution and supply of equipment related to environmental protection, including turnkey energy facilities.
53GF Score
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