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Sanima Mai HydropowerXNEP:SHPC -0.18%76 Graham Number is NPR78.24 as of Apr. 2026, which is 100% below its 10-year median of 3.27. GuruFocus rates XNEP:SHPC with a GF Score™ of 76/100 and a GF Value™ of NPR277.88 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 276 Utilities - Independent Power Producers companies, Sanima Mai Hydropower ranks worse than 93.84% 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 (2026-08-16), the stock price of Sanima Mai Hydropower is NPR495.10. Sanima Mai Hydropower's graham number for the quarter that ended in Apr. 2026 was NPR78.24. Therefore, Sanima Mai Hydropower's Price to Graham Number ratio for today is 5.43.
The historical rank and industry rank for Sanima Mai Hydropower's Graham Number or its related term are showing as below:
XNEP:SHPC'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.29 Med: 3.27 Max: 10.46
Current: 6.33
During the past 12 years, the highest Price to Graham Number ratio of Sanima Mai Hydropower was 10.46. The lowest was 0.29. And the median was 3.27.
XNEP:SHPC's Price-to-Graham-Number is ranked worse than 93.84% of 276
companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.14
vs XNEP:SHPC: 6.33
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Sanima Mai Hydropower (XNEP:SHPC) 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.
Sanima Mai Hydropower's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
495.10
/
91.12
=
5.43
* 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.
Sanima Mai Hydropower Graham Number Related Terms
Sanima Mai Hydropower Graham Number Historical Data
* Premium members only.
The historical data trend for Sanima Mai Hydropower'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.
Sanima Mai Hydropower Graham Number Competitor Comparison
For the Utilities - Renewable subindustry, Sanima Mai Hydropower'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.
Sanima Mai Hydropower Price-to-Graham-Number vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Sanima Mai Hydropower's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Sanima Mai Hydropower'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.
Sanima Mai Hydropower (XNEP:SHPC) has a Graham Number of NPR78.24 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Sanima Mai Hydropower and its competitors. This is 2293% above median its historical median of 3.27. Over the past decade, Sanima Mai Hydropower's Graham Number has ranged from 0.29 to 10.46. According to the industry distribution chart, Sanima Mai Hydropower ranks #259 out of 276 companies in the Utilities - Independent Power Producers industry, placing it in the top 93.8%.
Is Sanima Mai Hydropower's Graham Number too high?
Sanima Mai Hydropower's current Graham Number of NPR78.24 is 2293% above median its 10-year median of 3.27. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 10.46. Based on the distribution chart, Sanima Mai Hydropower ranks #259 out of 276 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Sanima Mai Hydropower has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanima Mai Hydropower's Graham Number compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Sanima Mai Hydropower ranks #259 out of 276 companies for Graham Number. This places Sanima Mai Hydropower in the lower half of its industry. The industry median Graham Number is 1.14. Historically, Sanima Mai Hydropower's own Graham Number has ranged from 0.29 to 10.46 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 Utilities - Independent Power Producers company?
The median Graham Number among Utilities - Independent Power Producers companies is 1.14, based on 276 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 Sanima Mai Hydropower and its competitors. For the Utilities - Independent Power Producers industry, the median Graham Number is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sanima Mai Hydropower's current Graham Number is NPR78.24, which is 2293% above median its own 10-year median of 3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanima Mai Hydropower stock overvalued right now?
Based on GuruFocus' analysis, Sanima Mai Hydropower (XNEP:SHPC) is currently considered Significantly Overvalued. The stock's GF Value™ is NPR277.88, compared to a current price of NPR495.10 — trading 78.2% above its estimated fair value. The current Graham Number is NPR78.24, which is 2293% above median its 10-year median of 3.27. Sanima Mai Hydropower's overall GF Score™ is 76/100 with 7 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 Sanima Mai Hydropower (XNEP:SHPC), the current Graham Number is NPR78.24 as of Apr. 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 Sanima Mai Hydropower (XNEP:SHPC) Overvalued in 2026?
Based on GuruFocus' analysis, Sanima Mai Hydropower stock appears to be overvalued.
The current stock price of NPR495.10 is trading 78.2% above its estimated GF Value™ of NPR277.88.
GuruFocus considers Sanima Mai Hydropower to be Significantly Overvalued.
Key valuation signals for XNEP:SHPC:
Graham Number: NPR78.24 (2293% above median its 10-year median of 3.27)
GF Value™: NPR277.88 vs. price of NPR495.10 (78.2% above fair value)
No single metric tells the full story. See the XNEP:SHPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sanima Mai Hydropower Ltd is a hydropower company. Its activity is to generate and sell hydroelectricity to the Nepal Electricity Authority. The company's operating segment include Mai Hydropower Plant and Mai Cascade Hydropower Plant. It generates maximum revenue from the Mai Hydropower Plant segment. The Mai Hydropower Project is a run-of-the-river hydropower plant with an installed capacity of 22MW.
76GF Score
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