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First Atlantic BankXGHA:FAB 24 Graham Number is GHS13.29 as of Dec. 2025, which is 100% below its 10-year median of 0.58. GuruFocus rates XGHA:FAB with a GF Score™ of 24/100. Among 1,431 Banks companies, First Atlantic Bank ranks better than 72.54% 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 (2026-08-10), the stock price of First Atlantic Bank is GHS8.40. First Atlantic Bank's graham number for the quarter that ended in Dec. 2025 was GHS13.29. Therefore, First Atlantic Bank's Price to Graham Number ratio for today is 0.63.
The historical rank and industry rank for First Atlantic Bank's Graham Number or its related term are showing as below:
XGHA:FAB'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.58 Med: 0.58 Max: 0.63
Current: 0.63
During the past 2 years, the highest Price to Graham Number ratio of First Atlantic Bank was 0.63. The lowest was 0.58. And the median was 0.58.
XGHA:FAB's Price-to-Graham-Number is ranked better than 72.54% of 1431
companies
in the Banks industry
Industry Median: 0.81
vs XGHA:FAB: 0.63
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
First Atlantic Bank (XGHA:FAB) 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.
First Atlantic Bank's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
8.40
/
13.29
=
0.63
* 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.
First Atlantic Bank Graham Number Related Terms
First Atlantic Bank Graham Number Historical Data
* Premium members only.
The historical data trend for First Atlantic Bank'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.
First Atlantic Bank Graham Number Chart
First Atlantic Bank Annual Data
Trend
Dec24
Dec25
Graham Number
9.10
13.29
First Atlantic Bank Semi-Annual Data
Dec24
Dec25
Graham Number
0.00
13.29
XGHA:FAB vs PNC: Graham Number Comparison
For the Banks - Regional subindustry, First Atlantic Bank'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.
First Atlantic Bank Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, First Atlantic Bank's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where First Atlantic Bank'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.
First Atlantic Bank (XGHA:FAB) has a Graham Number of GHS13.29 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on First Atlantic Bank and its competitors. This is 2191% above median its historical median of 0.58. Over the past decade, First Atlantic Bank's Graham Number has ranged from 0.58 to 0.63. According to the industry distribution chart, First Atlantic Bank ranks #393 out of 1431 companies in the Banks industry, placing it in the top 27.5%.
Is First Atlantic Bank's Graham Number too high?
First Atlantic Bank's current Graham Number of GHS13.29 is 2191% above median its 10-year median of 0.58. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 0.63. Based on the distribution chart, First Atlantic Bank ranks #393 out of 1431 companies in the Banks industry, which is above the industry midpoint. Overall, First Atlantic Bank has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does First Atlantic Bank's Graham Number compare to PNC?
According to the Banks industry distribution chart, First Atlantic Bank ranks #393 out of 1431 companies for Graham Number. This puts First Atlantic Bank in the upper half of its industry. The industry median Graham Number is 0.81. Historically, First Atlantic Bank's own Graham Number has ranged from 0.58 to 0.63 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 1,431 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 First Atlantic Bank 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. First Atlantic Bank's current Graham Number is GHS13.29, which is 2191% above median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Atlantic Bank stock overvalued right now?
First Atlantic Bank (XGHA:FAB) has a current Graham Number of GHS13.29. The current Graham Number is GHS13.29, which is 2191% above median its 10-year median of 0.58. First Atlantic Bank's overall GF Score™ is 24/100. 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 First Atlantic Bank (XGHA:FAB), the current Graham Number is GHS13.29 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.
First Atlantic Bank PLC is engaged in providing banking services that include personal banking, corporate banking, digital banking, prestige banking, and others. The Group's portfolio consists of loans and investments segmented across five main portfolios: Corporate Loans, Retail Loans, Retail Controller Loans, SME loans & Investments. The Group comprises the following main business segments: Corporate Banking, Retail and business banking, and Global markets. It generates majority of its income from Global markets segment which undertake the Group's funding and risk management activities through borrowings, issues of debt securities and investing in liquid assets such as short-term placements and corporate and government debt securities.
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