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What is Bolkan Property Instruments REIT-Sofia Graham Number?
Bolkan Property Instruments REIT-SofiaXBUL:BPI 15 Graham Number is €9.59 as of Mar. 2026, which is 100% below its 10-year median of 1.78. GuruFocus rates XBUL:BPI with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 425 Insurance companies, Bolkan Property Instruments REIT-Sofia ranks better than 65.65% 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.
XBUL:BPI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.69 Med: 1.78 Max: 10.89
Current: 0.73
During the past 3 years, the highest Price to Graham Number ratio of Bolkan Property Instruments REIT-Sofia was 10.89. The lowest was 0.69. And the median was 1.78.
XBUL:BPI's Price-to-Graham-Number is ranked better than 65.65% of 425
companies
in the Insurance industry
Industry Median: 0.93
vs XBUL:BPI: 0.73
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Bolkan Property Instruments REIT-Sofia (XBUL:BPI) 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.
Bolkan Property Instruments REIT-Sofia's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
7.00
/
9.59
=
0.73
* 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.
Bolkan Property Instruments REIT-Sofia Graham Number Related Terms
Bolkan Property Instruments REIT-Sofia 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.
Bolkan Property Instruments REIT-Sofia Graham Number Chart
Bolkan Property Instruments REIT-Sofia Annual Data
Trend
Dec23
Dec24
Dec25
Graham Number
0.00
3.73
4.99
Bolkan Property Instruments REIT-Sofia Quarterly Data
XBUL:BPI vs BRK.A, AIG, HIG: Graham Number Comparison
For the Insurance - Diversified subindustry, Bolkan Property Instruments REIT-Sofia'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.
Bolkan Property Instruments REIT-Sofia Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, Bolkan Property Instruments REIT-Sofia's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Bolkan Property Instruments REIT-Sofia'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.
Bolkan Property Instruments REIT-Sofia (XBUL:BPI) has a Graham Number of €9.59 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Bolkan Property Instruments REIT-Sofia and its competitors. This is 439% above median its historical median of 1.78. Over the past decade, Bolkan Property Instruments REIT-Sofia's Graham Number has ranged from 0.69 to 10.89. According to the industry distribution chart, Bolkan Property Instruments REIT-Sofia ranks #146 out of 425 companies in the Insurance industry, placing it in the top 34.4%.
Is Bolkan Property Instruments REIT-Sofia's Graham Number too high?
Bolkan Property Instruments REIT-Sofia's current Graham Number of €9.59 is 439% above median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 10.89. Based on the distribution chart, Bolkan Property Instruments REIT-Sofia ranks #146 out of 425 companies in the Insurance industry, which is above the industry midpoint. Overall, Bolkan Property Instruments REIT-Sofia has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bolkan Property Instruments REIT-Sofia's Graham Number compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Bolkan Property Instruments REIT-Sofia ranks #146 out of 425 companies for Graham Number. This puts Bolkan Property Instruments REIT-Sofia in the upper half of its industry. The industry median Graham Number is 0.93. Historically, Bolkan Property Instruments REIT-Sofia's own Graham Number has ranged from 0.69 to 10.89 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 an Insurance company?
The median Graham Number among Insurance companies is 0.93, based on 425 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 Bolkan Property Instruments REIT-Sofia and its competitors. For the Insurance industry, the median Graham Number is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bolkan Property Instruments REIT-Sofia's current Graham Number is €9.59, which is 439% above median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bolkan Property Instruments REIT-Sofia stock overvalued right now?
Bolkan Property Instruments REIT-Sofia (XBUL:BPI) has a current Graham Number of €9.59. The current Graham Number is €9.59, which is 439% above median its 10-year median of 1.78. Bolkan Property Instruments REIT-Sofia's overall GF Score™ is 15/100 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 Bolkan Property Instruments REIT-Sofia (XBUL:BPI), the current Graham Number is €9.59 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.
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