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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 Upper Tamakoshi Hydropower's Graham Number or its related term are showing as below:
During the past 8 years, the highest Price to Graham Number ratio of Upper Tamakoshi Hydropower was 4.83. The lowest was 4.83. And the median was 4.83.
XNEP:UPPER's Price-to-Graham-Number is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 1.15 * 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.
Upper Tamakoshi Hydropower (XNEP:UPPER) 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.
Upper Tamakoshi Hydropower's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
196.70
/
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.
Upper Tamakoshi Hydropower Graham Number Related Terms
Upper Tamakoshi Hydropower 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.
Upper Tamakoshi Hydropower Graham Number Competitor Comparison
For the Utilities - Renewable subindustry, Upper Tamakoshi 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.
Upper Tamakoshi Hydropower Price-to-Graham-Number vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Upper Tamakoshi Hydropower's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Upper Tamakoshi 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.
Upper Tamakoshi Hydropower (XNEP:UPPER) has a Graham Number of NPRN/A as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Upper Tamakoshi Hydropower and its competitors. According to the industry distribution chart, Upper Tamakoshi Hydropower ranks #999999 out of 275 companies in the Utilities - Independent Power Producers industry.
Is Upper Tamakoshi Hydropower's Graham Number too high?
Upper Tamakoshi Hydropower's current Graham Number is NPRN/A. Based on the distribution chart, Upper Tamakoshi Hydropower ranks #999999 out of 275 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Upper Tamakoshi Hydropower has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Upper Tamakoshi Hydropower's Graham Number compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Upper Tamakoshi Hydropower ranks #999999 out of 275 companies for Graham Number. This places Upper Tamakoshi Hydropower in the lower half of its industry. The industry median Graham Number is 1.15. 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 1.15, based on 275 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 Upper Tamakoshi Hydropower and its competitors. For the Utilities - Independent Power Producers industry, the median Graham Number is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Upper Tamakoshi Hydropower's current Graham Number is NPRN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upper Tamakoshi Hydropower stock overvalued right now?
Based on GuruFocus' analysis, Upper Tamakoshi Hydropower (XNEP:UPPER) is currently considered Modestly Undervalued. The stock's GF Value™ is NPR236.73, compared to a current price of NPR196.70 — trading 16.9% below its estimated fair value. The current Graham Number is NPRN/A. Upper Tamakoshi Hydropower's overall GF Score™ is 58/100 with 4 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 Upper Tamakoshi Hydropower (XNEP:UPPER), the current Graham Number is NPRN/A 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 Upper Tamakoshi Hydropower (XNEP:UPPER) Overvalued in 2026?
Based on GuruFocus' analysis, Upper Tamakoshi Hydropower stock appears to be undervalued.
The current stock price of NPR196.70 is trading 16.9% below its estimated GF Value™ of NPR236.73.
GuruFocus considers Upper Tamakoshi Hydropower to be Modestly Undervalued.
Key valuation signals for XNEP:UPPER:
Graham Number: NPRN/A
GF Value™: NPR236.73 vs. price of NPR196.70 (16.9% below fair value)
No single metric tells the full story. See the XNEP:UPPER stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Upper Tamakoshi Hydropower Ltd operates in the utilities sector in Nepal. Its main line of business involves the development of hydropower projects, including detailed feasibility, construction, and operation. The company has developed and is developing the following hydropower projects in the Tamakoshi River basin as follows: the Upper Tamakoshi Hydroelectric Project (UTKHEP), a 456 MW plant already under operation; the Rolwaling Khola Hydroelectric Project; and the diversion of the Rolwaling River to the UTKHEP intake pond. It is engaged in only one business activity: the generation and sale of electricity.
58GF Score
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