XunleiXNET -0.52%70 Graham Number is $12.05 as of Mar. 2026, which is 3444% above its 10-year median of 0.34. GuruFocus rates XNET with a GF Score™ of 70/100 and a GF Value™ of $3.24 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,466 Software companies, Xunlei ranks better than 96.73% 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 (2026-06-24), the stock price of Xunlei is $4.815. Xunlei's graham number for the quarter that ended in Mar. 2026 was $12.05. Therefore, Xunlei's Price to Graham Number ratio for today is 0.40.
The historical rank and industry rank for Xunlei's Graham Number or its related term are showing as below:
XNET'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.22 Med: 0.34 Max: 1.13
Current: 0.4
During the past 13 years, the highest Price to Graham Number ratio of Xunlei was 1.13. The lowest was 0.22. And the median was 0.34.
XNET's Price-to-Graham-Number is ranked better than 96.73% of 1466
companies
in the Software industry
Industry Median: 1.77
vs XNET: 0.40
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Xunlei (NAS:XNET) 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.
Xunlei's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4.815
/
12.05
=
0.40
* 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.
Xunlei Graham Number Related Terms
Xunlei Graham Number Historical Data
* Premium members only.
The historical data trend for Xunlei'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.
XNET vs PSFE, IIIV, ALLT: Graham Number Comparison
For the Software - Infrastructure subindustry, Xunlei'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.
Xunlei Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Xunlei's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Xunlei'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.
Xunlei (XNET) has a Graham Number of $12.05 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Xunlei and its competitors. This is 3444% above median its historical median of 0.34. Over the past decade, Xunlei's Graham Number has ranged from 0.22 to 1.13. According to the industry distribution chart, Xunlei ranks #48 out of 1466 companies in the Software industry, placing it in the top 3.3%.
Is Xunlei's Graham Number too high?
Xunlei's current Graham Number of $12.05 is 3444% above median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.13. The Software industry median Graham Number is 1.77. Xunlei's value of $12.05 is 580.8% above this industry median. Based on the distribution chart, Xunlei ranks #48 out of 1466 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Xunlei has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xunlei's Graham Number compare to PSFE and IIIV?
According to the Software industry distribution chart, Xunlei ranks #48 out of 1466 companies for Graham Number. This places Xunlei in the top 3% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.77. Xunlei's value of $12.05 is 580.8% above this benchmark. Historically, Xunlei's own Graham Number has ranged from 0.22 to 1.13 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 1.77, Xunlei has consistently been above the industry average. 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 Software company?
The median Graham Number among Software companies is 1.77, based on 1,466 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. Xunlei's current Graham Number of $12.05 is 580.8% above the industry median. 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 Xunlei and its competitors. For the Software industry, the median Graham Number is 1.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xunlei's current Graham Number is $12.05, which is 3444% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xunlei stock overvalued right now?
Based on GuruFocus' analysis, Xunlei (XNET) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.24, compared to a current price of $4.82 — trading 48.6% above its estimated fair value. The current Graham Number is $12.05, which is 3444% above median its 10-year median of 0.34 and 580.8% above the Software industry median of 1.77. Xunlei's overall GF Score™ is 70/100 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 Xunlei (XNET), the current Graham Number is $12.05 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 Xunlei (XNET) Overvalued in 2026?
Based on GuruFocus' analysis, Xunlei stock appears to be overvalued.
The current stock price of $4.82 is trading 48.6% above its estimated GF Value™ of $3.24.
GuruFocus considers Xunlei to be Significantly Overvalued.
Key valuation signals for XNET:
Graham Number: $12.05 (3444% above median its 10-year median of 0.34)
GF Value™: $3.24 vs. price of $4.82 (48.6% above fair value)
Industry Position: 580.8% above the Software median (#48 of 1466)
No single metric tells the full story. See the XNET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xunlei Ltd is a technology company providing distributed cloud services in China. It operates a powerful internet platform in China based on cloud technology to enable its users to quickly access, store, manage and consume digital media content on the internet. The company has expanded its products and services from PC-based devices to mobile devices in part through pre-installed acceleration products in mobile phones to further enlarge its user base and offer its users a wider range of access points. It provides a wide range of products and services across cloud acceleration and digital entertainment to deliver an efficient, smart and safe internet environment to its users.
70GF Score
Get the complete analysis for XNET
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XNET has been successfully added to your 
