Figeac Aero (XPAR:FGA) Graham Number: €N/A (As of Mar. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XPAR:FGA Figeac Aero SA XPAR:FGA
65 GF Score
Price €11.70
GF Value €7.14
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Figeac Aero Graham Number?

Figeac Aero XPAR:FGA +0.17% 65 Graham Number is €N/A as of Mar. 2026. GuruFocus rates XPAR:FGA with a GF Score™ of 65/100 and a GF Value™ of €7.14 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 216 Aerospace & Defense companies, Figeac Aero ranks worse than 462962.5% 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 Figeac Aero is €11.70. Figeac Aero's graham number for the quarter that ended in Mar. 2026 was €N/A. Therefore, Figeac Aero's Price to Graham Number ratio for today is N/A.

The historical rank and industry rank for Figeac Aero's Graham Number or its related term are showing as below:

During the past 13 years, the highest Price to Graham Number ratio of Figeac Aero was 27.85. The lowest was 2.19. And the median was 3.14.

XPAR:FGA's Price-to-Graham-Number is not ranked *
in the Aerospace & Defense industry.
Industry Median: 3.225
* 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.


Figeac Aero  (XPAR:FGA) 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.

Figeac Aero's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=11.70/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.


Figeac Aero Graham Number Related Terms


Figeac Aero Graham Number Historical Data

* Premium members only.

The historical data trend for Figeac Aero'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.

Figeac Aero Graham Number Chart

Figeac Aero Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.42

Figeac Aero Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

XPAR:FGA vs SPCX, GE, RTX: Graham Number Comparison

For the Aerospace & Defense subindustry, Figeac Aero'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.


Figeac Aero Price-to-Graham-Number vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Figeac Aero's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Figeac Aero's Price-to-Graham-Number falls into.


XPAR:FGA
65GF Score
Figeac Aero SA XPAR:FGA
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Figeac Aero Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Figeac Aero's Graham Number for the fiscal year that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1.946*0.004)
=0.42

Figeac Aero's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*1.946*-0.008)
=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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of €N/A mean?
Figeac Aero (XPAR:FGA) has a Graham Number of €N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Figeac Aero and its competitors. Over the past decade, Figeac Aero's Graham Number has ranged from 2.19 to 27.85. According to the industry distribution chart, Figeac Aero ranks #999999 out of 216 companies in the Aerospace & Defense industry.
Is Figeac Aero's Graham Number too high?
Figeac Aero's current Graham Number is €N/A. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 27.85. Based on the distribution chart, Figeac Aero ranks #999999 out of 216 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Figeac Aero has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Figeac Aero's Graham Number compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Figeac Aero ranks #999999 out of 216 companies for Graham Number. This places Figeac Aero in the lower half of its industry. The industry median Graham Number is 3.23. Historically, Figeac Aero's own Graham Number has ranged from 2.19 to 27.85 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 Aerospace & Defense company?
The median Graham Number among Aerospace & Defense companies is 3.23, based on 216 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 Figeac Aero and its competitors. For the Aerospace & Defense industry, the median Graham Number is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Figeac Aero's current Graham Number is €N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Figeac Aero stock overvalued right now?
Based on GuruFocus' analysis, Figeac Aero (XPAR:FGA) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.14, compared to a current price of €11.70 — trading 63.9% above its estimated fair value. The current Graham Number is €N/A. Figeac Aero's overall GF Score™ is 65/100 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 Figeac Aero (XPAR:FGA), the current Graham Number is €N/A 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 Figeac Aero (XPAR:FGA) Overvalued in 2026?

Based on GuruFocus' analysis, Figeac Aero stock appears to be overvalued. The current stock price of €11.70 is trading 63.9% above its estimated GF Value™ of €7.14. GuruFocus considers Figeac Aero to be Significantly Overvalued.

Key valuation signals for XPAR:FGA:

  • Graham Number: €N/A
  • GF Value™: €7.14 vs. price of €11.70 (63.9% above fair value)
  • GF Score™: 65/100 with 5 warning signs

No single metric tells the full story. See the XPAR:FGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Figeac Aero Business Description

Other Exchanges 0RFM:UK1F1:Germany
Address Industrial Zone Aiguille, Figeac, FRA, 46100
Figeac Aero SA is a manufacturer of aeronautical sub-assemblies. The company currently organizes its business into the following areas: Metal Processing, Surface Treatment, and Assembly. Under its Metal Processing division, the company produces light alloy (aluminium) and hard metal (titanium, Inconel and steel) aerospace parts. The company offers a wide range of services under its Surface Treatment division such as chemical machining, sandblasting, polishing, heat treatment, among others. It offers assembly services to its customers as a logical complement to its aerospace industry component parts production.
65GF Score

Get the complete analysis for XPAR:FGA

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.70
Price
€7.14
GF Value