Beiersdorf AG (XSWX:BEI) Graham Number: CHF54.53 (As of Dec. 2025) — 2334% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

XSWX:BEI Beiersdorf AG XSWX:BEI
26 GF Score
Price CHF72.16
GF Value CHF157.98
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Beiersdorf AG Graham Number?

Beiersdorf AG XSWX:BEI 26 Graham Number is CHF54.53 as of Dec. 2025, which is 100% below its 10-year median of 2.24. GuruFocus rates XSWX:BEI with a GF Score™ of 26/100 and a GF Value™ of CHF157.98 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,388 Consumer Packaged Goods companies, Beiersdorf AG ranks worse than 60.59% 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 (2026-07-21), the stock price of Beiersdorf AG is CHF72.16. Beiersdorf AG's graham number for the quarter that ended in Dec. 2025 was CHF54.53. Therefore, Beiersdorf AG's Price to Graham Number ratio for today is 1.32.

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

XSWX:BEI' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.33   Med: 2.24   Max: 2.81
Current: 1.36

During the past 13 years, the highest Price to Graham Number ratio of Beiersdorf AG was 2.81. The lowest was 1.33. And the median was 2.24.

XSWX:BEI's Price-to-Graham-Number is ranked worse than
60.59% of 1388 companies
in the Consumer Packaged Goods industry
Industry Median: 1.1 vs XSWX:BEI: 1.36

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Beiersdorf AG  (XSWX:BEI) 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.

Beiersdorf AG's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=72.16/54.53
=1.32

* 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.


Beiersdorf AG Graham Number Related Terms


Beiersdorf AG Graham Number Historical Data

* Premium members only.

The historical data trend for Beiersdorf AG'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.

Beiersdorf AG Graham Number Chart

Beiersdorf AG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.04 47.38 45.49 51.54 55.65

Beiersdorf AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 46.56 47.40 52.46 51.93 54.53

XSWX:BEI vs PG, CL, KVUE: Graham Number Comparison

For the Household & Personal Products subindustry, Beiersdorf AG'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.


Beiersdorf AG Price-to-Graham-Number vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Beiersdorf AG's Price-to-Graham-Number distribution charts can be found below:

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


XSWX:BEI
26GF Score
Beiersdorf AG XSWX:BEI
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Beiersdorf AG Graham Number Calculation

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

Beiersdorf AG's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*33.218*4.143)
=55.65

Beiersdorf AG's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*33.218*3.978)
=54.53

* 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 CHF54.53 mean?
Beiersdorf AG (XSWX:BEI) has a Graham Number of CHF54.53 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Beiersdorf AG and its competitors. This is 2334% above median its historical median of 2.24. Over the past decade, Beiersdorf AG's Graham Number has ranged from 1.33 to 2.81. According to the industry distribution chart, Beiersdorf AG ranks #841 out of 1388 companies in the Consumer Packaged Goods industry, placing it in the top 60.6%.
Is Beiersdorf AG's Graham Number too high?
Beiersdorf AG's current Graham Number of CHF54.53 is 2334% above median its 10-year median of 2.24. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 2.81. Based on the distribution chart, Beiersdorf AG ranks #841 out of 1388 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Beiersdorf AG has a GF Score™ of 26/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Beiersdorf AG's Graham Number compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Beiersdorf AG ranks #841 out of 1388 companies for Graham Number. This places Beiersdorf AG in the lower half of its industry. The industry median Graham Number is 1.10. Historically, Beiersdorf AG's own Graham Number has ranged from 1.33 to 2.81 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 Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.10, based on 1,388 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 Beiersdorf AG and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beiersdorf AG's current Graham Number is CHF54.53, which is 2334% above median its own 10-year median of 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beiersdorf AG stock overvalued right now?
Based on GuruFocus' analysis, Beiersdorf AG (XSWX:BEI) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF157.98, compared to a current price of CHF72.16 — trading 54.3% below its estimated fair value. The current Graham Number is CHF54.53, which is 2334% above median its 10-year median of 2.24. Beiersdorf AG's overall GF Score™ is 26/100 with 1 warning sign 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 Beiersdorf AG (XSWX:BEI), the current Graham Number is CHF54.53 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 Beiersdorf AG (XSWX:BEI) Overvalued in 2026?

Based on GuruFocus' analysis, Beiersdorf AG stock appears to be undervalued. The current stock price of CHF72.16 is trading 54.3% below its estimated GF Value™ of CHF157.98. GuruFocus considers Beiersdorf AG to be Significantly Undervalued.

Key valuation signals for XSWX:BEI:

  • Graham Number: CHF54.53 (2334% above median its 10-year median of 2.24)
  • GF Value™: CHF157.98 vs. price of CHF72.16 (54.3% below fair value)
  • GF Score™: 26/100 with 1 warning sign

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


Beiersdorf AG Business Description

Address Beiersdorfstrasse 1-9, Hamburg, DEU, 22529
Beiersdorf is a Germany-based company that produces personal care products, with a focus on manufacturing cosmetic products. The company operates through two business segments. The consumer segment concentrates on skincare and beautycare products and operates portfolio brands such as Nivea, Eucerin, La Prairie, Labello, Hansaplast, Elastoplast, and Florena. The other business segment markets self-adhesive systems and product solutions, primarily for industrial customers, under the Tesa brand. Beiersdorf is majority-owned by Maxingvest.
26GF Score

Get the complete analysis for XSWX:BEI

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

CHF72.16
Price
CHF157.98
GF Value