Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Allreal HoldingXSWX:ALLN -1.15%76 Graham Number is CHF222.86 as of Dec. 2025, which is 100% below its 10-year median of 0.89. GuruFocus rates XSWX:ALLN with a GF Score™ of 76/100 and a GF Value™ of CHF151.57 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,169 Real Estate companies, Allreal Holding ranks worse than 64.59% 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 (2026-07-24), the stock price of Allreal Holding is CHF215.00. Allreal Holding's graham number for the quarter that ended in Dec. 2025 was CHF222.86. Therefore, Allreal Holding's Price to Graham Number ratio for today is 0.96.
The historical rank and industry rank for Allreal Holding's Graham Number or its related term are showing as below:
XSWX:ALLN'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.77 Med: 0.89 Max: 1.28
Current: 0.96
During the past 13 years, the highest Price to Graham Number ratio of Allreal Holding was 1.28. The lowest was 0.77. And the median was 0.89.
XSWX:ALLN's Price-to-Graham-Number is ranked worse than 64.59% of 1169
companies
in the Real Estate industry
Industry Median: 0.74
vs XSWX:ALLN: 0.96
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Allreal Holding (XSWX:ALLN) 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.
Allreal Holding's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
215.00
/
222.86
=
0.96
* 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.
Allreal Holding Graham Number Related Terms
Allreal Holding Graham Number Historical Data
* Premium members only.
The historical data trend for Allreal Holding'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.
XSWX:ALLN vs CBRE, BEKE, JLL: Graham Number Comparison
For the Real Estate Services subindustry, Allreal Holding'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.
Allreal Holding Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Allreal Holding's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Allreal Holding'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.
Allreal Holding (XSWX:ALLN) has a Graham Number of CHF222.86 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Allreal Holding and its competitors. This is 24940% above median its historical median of 0.89. Over the past decade, Allreal Holding's Graham Number has ranged from 0.77 to 1.28. According to the industry distribution chart, Allreal Holding ranks #755 out of 1169 companies in the Real Estate industry, placing it in the top 64.6%.
Is Allreal Holding's Graham Number too high?
Allreal Holding's current Graham Number of CHF222.86 is 24940% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 1.28. Based on the distribution chart, Allreal Holding ranks #755 out of 1169 companies in the Real Estate industry, which is below the industry midpoint. Overall, Allreal Holding has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Allreal Holding's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Allreal Holding ranks #755 out of 1169 companies for Graham Number. This places Allreal Holding in the lower half of its industry. The industry median Graham Number is 0.74. Historically, Allreal Holding's own Graham Number has ranged from 0.77 to 1.28 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,169 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 Allreal Holding and its competitors. For the Real Estate industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Allreal Holding's current Graham Number is CHF222.86, which is 24940% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allreal Holding stock overvalued right now?
Based on GuruFocus' analysis, Allreal Holding (XSWX:ALLN) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF151.57, compared to a current price of CHF215.00 — trading 41.8% above its estimated fair value. The current Graham Number is CHF222.86, which is 24940% above median its 10-year median of 0.89. Allreal Holding's overall GF Score™ is 76/100 with 9 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 Allreal Holding (XSWX:ALLN), the current Graham Number is CHF222.86 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 Allreal Holding (XSWX:ALLN) Overvalued in 2026?
Based on GuruFocus' analysis, Allreal Holding stock appears to be overvalued.
The current stock price of CHF215.00 is trading 41.8% above its estimated GF Value™ of CHF151.57.
GuruFocus considers Allreal Holding to be Significantly Overvalued.
Key valuation signals for XSWX:ALLN:
Graham Number: CHF222.86 (24940% above median its 10-year median of 0.89)
GF Value™: CHF151.57 vs. price of CHF215.00 (41.8% above fair value)
No single metric tells the full story. See the XSWX:ALLN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Allreal Holding Ltd is a real estate portfolio company in Switzerland. The company divides its business into two segments: real estate and project & development. The real estate division has three subdivisions: portfolio management, real estate management, and Building Management. The company's investment portfolio is mainly composed of commercial properties with a small section of residential investments. The project & development division offers a range of services, stretching from site and ground analysis through the construction of the project. The company develops projects in all segments of real estate for private and institutional investors and owners, and its portfolio. The company operates exclusively in Switzerland with the majority of its business in the Zurich area.
76GF Score
Get the complete analysis for XSWX:ALLN
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
XSWX:ALLN has been successfully added to your 
