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.
The historical rank and industry rank for Ramada Investimentos e Industria's Graham Number or its related term are showing as below:
XLIS:RAM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.61 Med: 0.93 Max: 1.59
Current: 1.49
During the past 13 years, the highest Price to Graham Number ratio of Ramada Investimentos e Industria was 1.59. The lowest was 0.61. And the median was 0.93.
XLIS:RAM's Price-to-Graham-Number is ranked worse than 71.5% of 421
companies
in the Steel industry
Industry Median: 0.96
vs XLIS:RAM: 1.49
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Ramada Investimentos e Industria (XLIS:RAM) 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.
Ramada Investimentos e Industria's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
6.92
/
4.65
=
1.49
* 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.
Ramada Investimentos e Industria Graham Number Related Terms
Ramada Investimentos e Industria 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.
Ramada Investimentos e Industria Graham Number Chart
XLIS:RAM vs NUE, STLD, RS: Graham Number Comparison
For the Steel subindustry, Ramada Investimentos e Industria'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.
Ramada Investimentos e Industria Price-to-Graham-Number vs Steel Industry
For the Steel industry and Basic Materials sector, Ramada Investimentos e Industria's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Ramada Investimentos e Industria'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.
Ramada Investimentos e Industria (XLIS:RAM) has a Graham Number of €4.64 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Ramada Investimentos e Industria and its competitors. This is 399% above median its historical median of 0.93. Over the past decade, Ramada Investimentos e Industria's Graham Number has ranged from 0.61 to 1.59. According to the industry distribution chart, Ramada Investimentos e Industria ranks #301 out of 421 companies in the Steel industry, placing it in the top 71.5%.
Is Ramada Investimentos e Industria's Graham Number too high?
Ramada Investimentos e Industria's current Graham Number of €4.64 is 399% above median its 10-year median of 0.93. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 1.59. Based on the distribution chart, Ramada Investimentos e Industria ranks #301 out of 421 companies in the Steel industry, which is below the industry midpoint. Overall, Ramada Investimentos e Industria has a GF Score™ of 53/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ramada Investimentos e Industria's Graham Number compare to NUE and STLD?
According to the Steel industry distribution chart, Ramada Investimentos e Industria ranks #301 out of 421 companies for Graham Number. This places Ramada Investimentos e Industria in the lower half of its industry. The industry median Graham Number is 0.96. Historically, Ramada Investimentos e Industria's own Graham Number has ranged from 0.61 to 1.59 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 Steel company?
The median Graham Number among Steel companies is 0.96, based on 421 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 Ramada Investimentos e Industria and its competitors. For the Steel industry, the median Graham Number is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramada Investimentos e Industria's current Graham Number is €4.64, which is 399% above median its own 10-year median of 0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramada Investimentos e Industria stock overvalued right now?
Based on GuruFocus' analysis, Ramada Investimentos e Industria (XLIS:RAM) is currently considered Fairly Valued. The stock's GF Value™ is €6.87, compared to a current price of €6.92 — trading 0.7% above its estimated fair value. The current Graham Number is €4.64, which is 399% above median its 10-year median of 0.93. Ramada Investimentos e Industria's overall GF Score™ is 53/100 with 5 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 Ramada Investimentos e Industria (XLIS:RAM), the current Graham Number is €4.64 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 Ramada Investimentos e Industria (XLIS:RAM) Overvalued in 2026?
Based on GuruFocus' analysis, Ramada Investimentos e Industria stock appears to be overvalued.
The current stock price of €6.92 is trading 0.7% above its estimated GF Value™ of €6.87.
GuruFocus considers Ramada Investimentos e Industria to be Fairly Valued.
Key valuation signals for XLIS:RAM:
Graham Number: €4.64 (399% above median its 10-year median of 0.93)
GF Value™: €6.87 vs. price of €6.92 (0.7% above fair value)
No single metric tells the full story. See the XLIS:RAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ramada Investimentos e Industria Business Description
Ramada Investimentos e Industria SA manufactures steel products. It operates in two different business segments, namely, the Industry Segment, which includes the special steel and drawing mill activities, as well as the activity related to the management of the Group's financial holdings in which the Group is a minority shareholder; and the Real Estate Segment, devoted to managing real estate assets, among which is an area of forested land. The company generates the majority of its revenue from the Industry segment.
53GF Score
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