Galenica (XSWX:GALE) Graham Number: CHF10.60 (As of Dec. 2025) — 169% 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:GALE Galenica Ltd XSWX:GALE
83 GF Score
Price CHF87.05
GF Value CHF86.31
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Galenica Graham Number?

Galenica XSWX:GALE -0.46% 83 Graham Number is CHF10.60 as of Dec. 2025, which is 100% below its 10-year median of 3.94. GuruFocus rates XSWX:GALE with a GF Score™ of 83/100 and a GF Value™ of CHF86.31 (Fairly Valued). The stock has 1 warning sign investors should review. Among 75 Medical Distribution companies, Galenica ranks worse than 98.67% 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 (2026-07-15), the stock price of Galenica is CHF87.05. Galenica's graham number for the quarter that ended in Dec. 2025 was CHF10.60. Therefore, Galenica's Price to Graham Number ratio for today is 8.21.

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

XSWX:GALE' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.87   Med: 3.94   Max: 9.3
Current: 8.21

During the past 13 years, the highest Price to Graham Number ratio of Galenica was 9.30. The lowest was 2.87. And the median was 3.94.

XSWX:GALE's Price-to-Graham-Number is ranked worse than
98.67% of 75 companies
in the Medical Distribution industry
Industry Median: 0.83 vs XSWX:GALE: 8.21

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


Galenica  (XSWX:GALE) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=87.05/10.60
=8.21

* 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.


Galenica Graham Number Related Terms


Galenica Graham Number Historical Data

* Premium members only.

The historical data trend for Galenica'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.

Galenica Graham Number Chart

Galenica 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 17.39 14.28 23.52 25.90 10.50

Galenica 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 24.16 21.45 26.78 23.14 10.60

XSWX:GALE vs MCK, CAH, COR: Graham Number Comparison

For the Medical Distribution subindustry, Galenica'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.


Galenica Price-to-Graham-Number vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Galenica's Price-to-Graham-Number distribution charts can be found below:

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


XSWX:GALE
83GF Score
Galenica Ltd XSWX:GALE
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Galenica Graham Number Calculation

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

Galenica'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*1.365*3.589)
=10.50

Galenica'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*1.365*3.66)
=10.60

* 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 CHF10.60 mean?
Galenica (XSWX:GALE) has a Graham Number of CHF10.60 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Galenica and its competitors. This is 169% above median its historical median of 3.94. Over the past decade, Galenica's Graham Number has ranged from 2.87 to 9.30. According to the industry distribution chart, Galenica ranks #74 out of 75 companies in the Medical Distribution industry, placing it in the top 98.7%.
Is Galenica's Graham Number too high?
Galenica's current Graham Number of CHF10.60 is 169% above median its 10-year median of 3.94. Over the past 10 years, this metric has ranged from a low of 2.87 to a high of 9.30. Based on the distribution chart, Galenica ranks #74 out of 75 companies in the Medical Distribution industry, which is in the bottom quartile relative to peers. Overall, Galenica has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Galenica's Graham Number compare to MCK and CAH?
According to the Medical Distribution industry distribution chart, Galenica ranks #74 out of 75 companies for Graham Number. This places Galenica in the lower half of its industry. The industry median Graham Number is 0.83. Historically, Galenica's own Graham Number has ranged from 2.87 to 9.30 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 Medical Distribution company?
The median Graham Number among Medical Distribution companies is 0.83, based on 75 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 Galenica and its competitors. For the Medical Distribution industry, the median Graham Number is 0.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Galenica's current Graham Number is CHF10.60, which is 169% above median its own 10-year median of 3.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galenica stock overvalued right now?
Based on GuruFocus' analysis, Galenica (XSWX:GALE) is currently considered Fairly Valued. The stock's GF Value™ is CHF86.31, compared to a current price of CHF87.05 — trading 0.9% above its estimated fair value. The current Graham Number is CHF10.60, which is 169% above median its 10-year median of 3.94. Galenica's overall GF Score™ is 83/100 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 Galenica (XSWX:GALE), the current Graham Number is CHF10.60 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 Galenica (XSWX:GALE) Overvalued in 2026?

Based on GuruFocus' analysis, Galenica stock appears to be overvalued. The current stock price of CHF87.05 is trading 0.9% above its estimated GF Value™ of CHF86.31. GuruFocus considers Galenica to be Fairly Valued.

Key valuation signals for XSWX:GALE:

  • Graham Number: CHF10.60 (169% above median its 10-year median of 3.94)
  • GF Value™: CHF86.31 vs. price of CHF87.05 (0.9% above fair value)
  • GF Score™: 83/100 with 1 warning sign

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


Galenica Business Description

Address Untermattweg 8, Bern, CHE, CH-3027
Galenica Ltd is an integrated healthcare service provider in Switzerland. The business is operated from two segments Products & Care and Logistics & IT. The Products & Care segment comprises the Retail business area with offerings for patients and end customers and the Professionals business area with offerings for business customers and partners in the healthcare sector. The Logistics & IT segment comprises the two sectors Wholesale and Logistics & IT Services. These provide services for all those involved in the healthcare sector - pharmacies, drugstores, doctors, hospitals and care homes, partners, and suppliers. Geographically, it operates in Switzerland and Other Countries.
83GF Score

Get the complete analysis for XSWX:GALE

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

CHF87.05
Price
CHF86.31
GF Value