LEM HoldingXSWX:LEHN 67 Graham Number is CHF151.56 as of Mar. 2026, which is 100% below its 10-year median of 4.05. GuruFocus rates XSWX:LEHN with a GF Score™ of 67/100 and a GF Value™ of CHF823.50 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 1,622 Hardware companies, LEM Holding ranks worse than 61.65% 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 (2026-07-12), the stock price of LEM Holding is CHF400.50. LEM Holding's graham number for the quarter that ended in Mar. 2026 was CHF151.56. Therefore, LEM Holding's Price to Graham Number ratio for today is 2.64.
The historical rank and industry rank for LEM Holding's Graham Number or its related term are showing as below:
XSWX:LEHN'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.93 Med: 4.05 Max: 5.19
Current: 2.64
During the past 13 years, the highest Price to Graham Number ratio of LEM Holding was 5.19. The lowest was 1.93. And the median was 4.05.
XSWX:LEHN's Price-to-Graham-Number is ranked worse than 61.65% of 1622
companies
in the Hardware industry
Industry Median: 2.03
vs XSWX:LEHN: 2.64
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
LEM Holding (XSWX:LEHN) 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.
LEM Holding's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
400.50
/
151.56
=
2.64
* 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.
LEM Holding Graham Number Related Terms
LEM Holding Graham Number Historical Data
* Premium members only.
The historical data trend for LEM 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:LEHN vs APH, GLW, TEL: Graham Number Comparison
For the Electronic Components subindustry, LEM 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.
LEM Holding Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, LEM Holding's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where LEM 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.
LEM Holding (XSWX:LEHN) has a Graham Number of CHF151.56 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on LEM Holding and its competitors. This is 3642% above median its historical median of 4.05. Over the past decade, LEM Holding's Graham Number has ranged from 1.93 to 5.19. According to the industry distribution chart, LEM Holding ranks #1000 out of 1622 companies in the Hardware industry, placing it in the top 61.7%.
Is LEM Holding's Graham Number too high?
LEM Holding's current Graham Number of CHF151.56 is 3642% above median its 10-year median of 4.05. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 5.19. Based on the distribution chart, LEM Holding ranks #1000 out of 1622 companies in the Hardware industry, which is below the industry midpoint. Overall, LEM Holding has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LEM Holding's Graham Number compare to APH and GLW?
According to the Hardware industry distribution chart, LEM Holding ranks #1000 out of 1622 companies for Graham Number. This places LEM Holding in the lower half of its industry. The industry median Graham Number is 2.03. Historically, LEM Holding's own Graham Number has ranged from 1.93 to 5.19 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 Hardware company?
The median Graham Number among Hardware companies is 2.03, based on 1,622 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 LEM Holding and its competitors. For the Hardware industry, the median Graham Number is 2.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LEM Holding's current Graham Number is CHF151.56, which is 3642% above median its own 10-year median of 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LEM Holding stock overvalued right now?
Based on GuruFocus' analysis, LEM Holding (XSWX:LEHN) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF823.50, compared to a current price of CHF400.50 — trading 51.4% below its estimated fair value. The current Graham Number is CHF151.56, which is 3642% above median its 10-year median of 4.05. LEM Holding's overall GF Score™ is 67/100 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 LEM Holding (XSWX:LEHN), the current Graham Number is CHF151.56 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 LEM Holding (XSWX:LEHN) Overvalued in 2026?
Based on GuruFocus' analysis, LEM Holding stock appears to be undervalued.
The current stock price of CHF400.50 is trading 51.4% below its estimated GF Value™ of CHF823.50.
GuruFocus considers LEM Holding to be Significantly Undervalued.
Key valuation signals for XSWX:LEHN:
Graham Number: CHF151.56 (3642% above median its 10-year median of 4.05)
GF Value™: CHF823.50 vs. price of CHF400.50 (51.4% below fair value)
No single metric tells the full story. See the XSWX:LEHN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LEM Holding SA develops electrical measurement solutions for energy and mobility applications. Its products are used in customer systems for measurement, monitoring, and control purposes. Its product portfolio includes Energy meters, Rogowski coils, Voltage sensors, Current sensors, and Integrated current sensors. The company's operations are organized in two reportable segments, namely, i) Region of Asia which includes China, Japan, South Korea, India, Southeast Asia; ii) Region of Europe/Americas which includes Europe, the Middle East, Africa, NAFTA and Latin America. The majority of revenue is derived from the Asia segment.
67GF Score
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