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.
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.
Tamex Obiekty SportoweWAR:TOS -4.43%81 Graham Number is zł1.94 as of Mar. 2026, which is 100% below its 10-year median of 1.18. GuruFocus rates WAR:TOS with a GF Score™ of 81/100 and a GF Value™ of zł2.02 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,216 Construction companies, Tamex Obiekty Sportowe ranks worse than 68.59% 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.
The historical rank and industry rank for Tamex Obiekty Sportowe's Graham Number or its related term are showing as below:
WAR:TOS'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.39 Med: 1.18 Max: 3.31
Current: 1.56
During the past 13 years, the highest Price to Graham Number ratio of Tamex Obiekty Sportowe was 3.31. The lowest was 0.39. And the median was 1.18.
WAR:TOS's Price-to-Graham-Number is ranked worse than 68.59% of 1216
companies
in the Construction industry
Industry Median: 1
vs WAR:TOS: 1.56
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Tamex Obiekty Sportowe (WAR:TOS) 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.
Tamex Obiekty Sportowe's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
3.02
/
1.94
=
1.56
* 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.
Tamex Obiekty Sportowe Graham Number Related Terms
Tamex Obiekty Sportowe 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:TOS vs PWR, FIX, EME: Graham Number Comparison
For the Engineering & Construction subindustry, Tamex Obiekty Sportowe'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.
Tamex Obiekty Sportowe Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Tamex Obiekty Sportowe's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Tamex Obiekty Sportowe'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.
Tamex Obiekty Sportowe (WAR:TOS) has a Graham Number of zł1.94 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tamex Obiekty Sportowe and its competitors. This is 64% above median its historical median of 1.18. Over the past decade, Tamex Obiekty Sportowe's Graham Number has ranged from 0.39 to 3.31. According to the industry distribution chart, Tamex Obiekty Sportowe ranks #834 out of 1216 companies in the Construction industry, placing it in the top 68.6%.
Is Tamex Obiekty Sportowe's Graham Number too high?
Tamex Obiekty Sportowe's current Graham Number of zł1.94 is 64% above median its 10-year median of 1.18. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 3.31. Based on the distribution chart, Tamex Obiekty Sportowe ranks #834 out of 1216 companies in the Construction industry, which is below the industry midpoint. Overall, Tamex Obiekty Sportowe has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tamex Obiekty Sportowe's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, Tamex Obiekty Sportowe ranks #834 out of 1216 companies for Graham Number. This places Tamex Obiekty Sportowe in the lower half of its industry. The industry median Graham Number is 1.00. Historically, Tamex Obiekty Sportowe's own Graham Number has ranged from 0.39 to 3.31 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 1,216 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 Tamex Obiekty Sportowe 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. Tamex Obiekty Sportowe's current Graham Number is zł1.94, which is 64% above median its own 10-year median of 1.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tamex Obiekty Sportowe stock overvalued right now?
Based on GuruFocus' analysis, Tamex Obiekty Sportowe (WAR:TOS) is currently considered Significantly Overvalued. The stock's GF Value™ is zł2.02, compared to a current price of zł3.02 — trading 49.5% above its estimated fair value. The current Graham Number is zł1.94, which is 64% above median its 10-year median of 1.18. Tamex Obiekty Sportowe's overall GF Score™ is 81/100 with 3 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 Tamex Obiekty Sportowe (WAR:TOS), the current Graham Number is zł1.94 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 Tamex Obiekty Sportowe (WAR:TOS) Overvalued in 2026?
Based on GuruFocus' analysis, Tamex Obiekty Sportowe stock appears to be overvalued.
The current stock price of zł3.02 is trading 49.5% above its estimated GF Value™ of zł2.02.
GuruFocus considers Tamex Obiekty Sportowe to be Significantly Overvalued.
Key valuation signals for WAR:TOS:
Graham Number: zł1.94 (64% above median its 10-year median of 1.18)
GF Value™: zł2.02 vs. price of zł3.02 (49.5% above fair value)
No single metric tells the full story. See the WAR:TOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tamex Obiekty Sportowe SA is a general contractor of sports facilities. It builds, designs and equips sports facilities with various applications and functionalities. The company is engaged in the construction of football fields, stadiums, tennis courts, running tracks, sports fields, multi-functional and designed for field hockey, halls and other sports facilities.
81GF Score
Get the complete analysis for WAR:TOS
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WAR:TOS has been successfully added to your 
