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Fazerles ADXBUL:FZLS 52 Graham Number is €N/A as of Mar. 2026. GuruFocus rates XBUL:FZLS with a GF Score™ of 52/100 and a GF Value™ of €11.33 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 168 Forest Products companies, Fazerles AD ranks worse than 595237.5% 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.
As of today (2026-08-12), the stock price of Fazerles AD is €6.15. Fazerles AD's graham number for the quarter that ended in Mar. 2026 was €N/A. Therefore, Fazerles AD's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Fazerles AD's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Fazerles AD was 3.67. The lowest was 1.02. And the median was 1.58.
XBUL:FZLS's Price-to-Graham-Number is not ranked *
in the Forest Products industry.
Industry Median: 0.9 * 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.
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.
Fazerles AD's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
6.15
/
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.
Fazerles AD Graham Number Related Terms
Fazerles AD Graham Number Historical Data
* Premium members only.
The historical data trend for Fazerles 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.
XBUL:FZLS vs SSD, UFPI, BCC: Graham Number Comparison
For the Lumber & Wood Production subindustry, Fazerles 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.
Fazerles AD Price-to-Graham-Number vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Fazerles AD's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Fazerles 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.
Fazerles AD (XBUL:FZLS) has a Graham Number of €N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Fazerles AD and its competitors. Over the past decade, Fazerles AD's Graham Number has ranged from 1.02 to 3.67. According to the industry distribution chart, Fazerles AD ranks #999999 out of 168 companies in the Forest Products industry.
Is Fazerles AD's Graham Number too high?
Fazerles AD's current Graham Number is €N/A. Over the past 10 years, this metric has ranged from a low of 1.02 to a high of 3.67. Based on the distribution chart, Fazerles AD ranks #999999 out of 168 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Fazerles AD has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fazerles AD's Graham Number compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Fazerles AD ranks #999999 out of 168 companies for Graham Number. This places Fazerles AD in the lower half of its industry. The industry median Graham Number is 0.90. Historically, Fazerles AD's own Graham Number has ranged from 1.02 to 3.67 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 Forest Products company?
The median Graham Number among Forest Products companies is 0.90, based on 168 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 Fazerles AD and its competitors. For the Forest Products industry, the median Graham Number is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fazerles AD's current Graham Number is €N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fazerles AD stock overvalued right now?
Based on GuruFocus' analysis, Fazerles AD (XBUL:FZLS) is currently considered Significantly Undervalued. The stock's GF Value™ is €11.33, compared to a current price of €6.15 — trading 45.7% below its estimated fair value. The current Graham Number is €N/A. Fazerles AD's overall GF Score™ is 52/100 with 2 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 Fazerles AD (XBUL:FZLS), the current Graham Number is €N/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 Fazerles AD (XBUL:FZLS) Overvalued in 2026?
Based on GuruFocus' analysis, Fazerles AD stock appears to be undervalued.
The current stock price of €6.15 is trading 45.7% below its estimated GF Value™ of €11.33.
GuruFocus considers Fazerles AD to be Significantly Undervalued.
Key valuation signals for XBUL:FZLS:
Graham Number: €N/A
GF Value™: €11.33 vs. price of €6.15 (45.7% below fair value)
No single metric tells the full story. See the XBUL:FZLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fazerles AD manufactures hardboard panels in Bulgaria. The products of the company are used for the furniture industry, metal industry, packaging industry, glass and food industry, automotive industry, and construction industry. The products of the company are sold in Europe, Asia, Africa, and America.
52GF Score
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