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MF Banka ADXBLB:IEFB-R-A Graham Number is BAM397.81 as of Dec. 2025, which is 100% below its 10-year median of 0.37. The stock has 2 warning signs investors should review.
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 (2026-07-19), the stock price of MF Banka AD is BAM174.82. MF Banka AD's graham number for the quarter that ended in Dec. 2025 was BAM397.81. Therefore, MF Banka AD's Price to Graham Number ratio for today is 0.44.
The historical rank and industry rank for MF Banka AD's Graham Number or its related term are showing as below:
XBLB:IEFB-R-A'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.19 Med: 0.37 Max: 0.53
Current: 0.44
During the past 13 years, the highest Price to Graham Number ratio of MF Banka AD was 0.53. The lowest was 0.19. And the median was 0.37.
XBLB:IEFB-R-A's Price-to-Graham-Number is not ranked
in the Banks industry.
Industry Median: 0.81
vs XBLB:IEFB-R-A: 0.44
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
MF Banka AD (XBLB:IEFB-R-A) 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.
MF Banka AD's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
174.82
/
397.81
=
0.44
* 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.
MF Banka AD Graham Number Related Terms
MF Banka AD Graham Number Historical Data
* Premium members only.
The historical data trend for MF Banka AD'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.
XBLB:IEFB-R-A vs USB, PNC: Graham Number Comparison
For the Banks - Regional subindustry, MF Banka AD'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.
MF Banka AD Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, MF Banka AD's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where MF Banka AD'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.
MF Banka AD (XBLB:IEFB-R-A) has a Graham Number of BAM397.81 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on MF Banka AD and its competitors. This is 107416% above median its historical median of 0.37. Over the past decade, MF Banka AD's Graham Number has ranged from 0.19 to 0.53.
Is MF Banka AD's Graham Number too high?
MF Banka AD's current Graham Number of BAM397.81 is 107416% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 0.53.
How does MF Banka AD's Graham Number compare to USB and PNC?
MF Banka AD's Graham Number of BAM397.81 can be compared against companies in the Banks industry. The industry median Graham Number is 0.81. Historically, MF Banka AD's own Graham Number has ranged from 0.19 to 0.53 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 Banks company?
The median Graham Number among Banks companies is 0.81, based on 1,437 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 MF Banka AD and its competitors. For the Banks industry, the median Graham Number is 0.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MF Banka AD's current Graham Number is BAM397.81, which is 107416% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MF Banka AD stock overvalued right now?
MF Banka AD (XBLB:IEFB-R-A) has a current Graham Number of BAM397.81. The stock's GF Value™ is BAM108.56, compared to a current price of BAM174.82 — trading 61% above its estimated fair value. The current Graham Number is BAM397.81, which is 107416% above median its 10-year median of 0.37. 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 MF Banka AD (XBLB:IEFB-R-A), the current Graham Number is BAM397.81 as of Dec. 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.
MF Banka AD provides is a regional bank engaged in providing banking products and services. The bank is licensed to perform banking activities that include payment transfers, crediting, and depositary operations in the country and abroad. It offers savings products, loans, payment services, deposit and documentary operations services, cards, electronic and mobile banking, SMS, and ATM services. Geographically, it operates in the region of Bosnia and Herzegovina and serves individuals, businesses, and small and medium-sized enterprises.
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