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 (2026-07-11), the stock price of UniCredit Bank DD is BAM1933.00. UniCredit Bank DD's graham number for the quarter that ended in Dec. 2025 was BAM20,298.94. Therefore, UniCredit Bank DD's Price to Graham Number ratio for today is 0.10.
The historical rank and industry rank for UniCredit Bank DD's Graham Number or its related term are showing as below:
XBLB:NBLB-R-B'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.1 Med: 0.12 Max: 0.18
Current: 0.1
During the past 13 years, the highest Price to Graham Number ratio of UniCredit Bank DD was 0.18. The lowest was 0.10. And the median was 0.12.
XBLB:NBLB-R-B's Price-to-Graham-Number is not ranked
in the Banks industry.
Industry Median: 0.8
vs XBLB:NBLB-R-B: 0.10
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
UniCredit Bank DD (XBLB:NBLB-R-B) 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.
UniCredit Bank DD's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
1933.00
/
20,298.94
=
0.10
* 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.
UniCredit Bank DD Graham Number Related Terms
UniCredit Bank DD Graham Number Historical Data
* Premium members only.
The historical data trend for UniCredit Bank DD'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:NBLB-R-B vs PNC, USB: Graham Number Comparison
For the Banks - Regional subindustry, UniCredit Bank DD'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.
UniCredit Bank DD Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, UniCredit Bank DD's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where UniCredit Bank DD'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.
UniCredit Bank DD (XBLB:NBLB-R-B) has a Graham Number of BAM20,298.94 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on UniCredit Bank DD and its competitors. This is 16915683% above median its historical median of 0.12. Over the past decade, UniCredit Bank DD's Graham Number has ranged from 0.10 to 0.18.
Is UniCredit Bank DD's Graham Number too high?
UniCredit Bank DD's current Graham Number of BAM20,298.94 is 16915683% above median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 0.18. Overall, UniCredit Bank DD has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does UniCredit Bank DD's Graham Number compare to PNC and USB?
UniCredit Bank DD's Graham Number of BAM20,298.94 can be compared against companies in the Banks industry. The industry median Graham Number is 0.80. Historically, UniCredit Bank DD's own Graham Number has ranged from 0.10 to 0.18 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 0.80, based on 1,433 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 UniCredit Bank DD and its competitors. For the Banks industry, the median Graham Number is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UniCredit Bank DD's current Graham Number is BAM20,298.94, which is 16915683% above median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UniCredit Bank DD stock overvalued right now?
UniCredit Bank DD (XBLB:NBLB-R-B) has a current Graham Number of BAM20,298.94. The stock's GF Value™ is BAM2,491.73, compared to a current price of BAM1,933.00 — trading 22.4% below its estimated fair value. The current Graham Number is BAM20,298.94, which is 16915683% above median its 10-year median of 0.12. UniCredit Bank DD's overall GF Score™ is 4/100 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 UniCredit Bank DD (XBLB:NBLB-R-B), the current Graham Number is BAM20,298.94 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.
Is UniCredit Bank DD (XBLB:NBLB-R-B) Overvalued in 2026?
Based on GuruFocus' analysis, UniCredit Bank DD stock appears to be undervalued.
The current stock price of BAM1,933.00 is trading 22.4% below its estimated GF Value™ of BAM2,491.73.
Key valuation signals for XBLB:NBLB-R-B:
Graham Number: BAM20,298.94 (16915683% above median its 10-year median of 0.12)
GF Value™: BAM2,491.73 vs. price of BAM1,933.00 (22.4% below fair value)
No single metric tells the full story. See the XBLB:NBLB-R-B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
UniCredit Bank DD is a joint-stock company in Bosnia and Herzegovina. It provides a full range of services including retail and corporate banking, risk operations, and finance and operating lease operations. The business segments of the company include Retail, Corporate and Investment Banking, Assets and Liabilities Management, and Central Unit. The company's business users comprise Entrepreneurs, Corporate clients, and Financial Institutions.
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