lastminute.com NV (XSWX:LMN) Graham Number: CHF12.41 (As of Mar. 2026) — 917% 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:LMN lastminute.com NV XSWX:LMN
70 GF Score
Price CHF12.95
GF Value CHF22.48
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is lastminute.com NV Graham Number?

lastminute.com NV XSWX:LMN -0.77% 70 Graham Number is CHF12.41 as of Mar. 2026, which is 100% below its 10-year median of 1.22. GuruFocus rates XSWX:LMN with a GF Score™ of 70/100 and a GF Value™ of CHF22.48 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 493 Travel & Leisure companies, lastminute.com NV ranks better than 59.23% 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 (2026-07-14), the stock price of lastminute.com NV is CHF12.95. lastminute.com NV's graham number for the quarter that ended in Mar. 2026 was CHF12.41. Therefore, lastminute.com NV's Price to Graham Number ratio for today is 1.04.

The historical rank and industry rank for lastminute.com NV's Graham Number or its related term are showing as below:

XSWX:LMN' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.91   Med: 1.22   Max: 1.47
Current: 1.04

During the past 13 years, the highest Price to Graham Number ratio of lastminute.com NV was 1.47. The lowest was 0.91. And the median was 1.22.

XSWX:LMN's Price-to-Graham-Number is ranked better than
59.23% of 493 companies
in the Travel & Leisure industry
Industry Median: 1.25 vs XSWX:LMN: 1.04

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


lastminute.com NV  (XSWX:LMN) 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.

lastminute.com NV's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=12.95/12.41
=1.04

* 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.


lastminute.com NV Graham Number Related Terms


lastminute.com NV Graham Number Historical Data

* Premium members only.

The historical data trend for lastminute.com NV'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.

lastminute.com NV Graham Number Chart

lastminute.com NV 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 0.00 0.00 0.00 0.00 0.00

lastminute.com NV Quarterly Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 11.79 0.00 10.58 0.00 12.41

XSWX:LMN vs BKNG, ABNB, RCL: Graham Number Comparison

For the Travel Services subindustry, lastminute.com NV'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.


lastminute.com NV Price-to-Graham-Number vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, lastminute.com NV's Price-to-Graham-Number distribution charts can be found below:

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


XSWX:LMN
70GF Score
lastminute.com NV XSWX:LMN
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

lastminute.com NV Graham Number Calculation

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

lastminute.com NV'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*-15.703*1.331)
=N/A

lastminute.com NV'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*5.448*1.256)
=12.41

* 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 CHF12.41 mean?
lastminute.com NV (XSWX:LMN) has a Graham Number of CHF12.41 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on lastminute.com NV and its competitors. This is 917% above median its historical median of 1.22. Over the past decade, lastminute.com NV's Graham Number has ranged from 0.91 to 1.47. According to the industry distribution chart, lastminute.com NV ranks #201 out of 493 companies in the Travel & Leisure industry, placing it in the top 40.8%.
Is lastminute.com NV's Graham Number too high?
lastminute.com NV's current Graham Number of CHF12.41 is 917% above median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 1.47. Based on the distribution chart, lastminute.com NV ranks #201 out of 493 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, lastminute.com NV has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does lastminute.com NV's Graham Number compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, lastminute.com NV ranks #201 out of 493 companies for Graham Number. This puts lastminute.com NV in the upper half of its industry. The industry median Graham Number is 1.25. Historically, lastminute.com NV's own Graham Number has ranged from 0.91 to 1.47 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 Travel & Leisure company?
The median Graham Number among Travel & Leisure companies is 1.25, based on 493 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 lastminute.com NV and its competitors. For the Travel & Leisure industry, the median Graham Number is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. lastminute.com NV's current Graham Number is CHF12.41, which is 917% above median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is lastminute.com NV stock overvalued right now?
Based on GuruFocus' analysis, lastminute.com NV (XSWX:LMN) is currently considered Possible Value Trap. The stock's GF Value™ is CHF22.48, compared to a current price of CHF12.95 — trading 42.4% below its estimated fair value. The current Graham Number is CHF12.41, which is 917% above median its 10-year median of 1.22. lastminute.com NV's overall GF Score™ is 70/100 with 3 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 lastminute.com NV (XSWX:LMN), the current Graham Number is CHF12.41 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 lastminute.com NV (XSWX:LMN) Overvalued in 2026?

Based on GuruFocus' analysis, lastminute.com NV stock appears to be undervalued. The current stock price of CHF12.95 is trading 42.4% below its estimated GF Value™ of CHF22.48. GuruFocus considers lastminute.com NV to be Possible Value Trap.

Key valuation signals for XSWX:LMN:

  • Graham Number: CHF12.41 (917% above median its 10-year median of 1.22)
  • GF Value™: CHF22.48 vs. price of CHF12.95 (42.4% below fair value)
  • GF Score™: 70/100 with 3 warning signs

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


lastminute.com NV Business Description

Other Exchanges LMNz:UK0QT0:UK09B:Germany
Address Rokin 92, Amsterdam, NLD, 1012 KZ
lastminute.com N.V. is an online travel group operating as a digital, asset-light platform and virtual tour operator, focused on designing, delivering, and taking responsibility for curated, integrated travel experiences. Its offerings include dynamic holiday packages, flights, hotels, and additional services such as car rentals, experiences, protection products, and deferred payment options, supported by proprietary technology that combines flights, hotels, and ancillary services in real time. The Group operates through key segments, including Packages, Flights, and Hotels, with the Packages segment generating the maximum revenue through bundled travel offerings where the Group is responsible for service fulfillment. Geographically, the UK generates the highest revenue.
70GF Score

Get the complete analysis for XSWX:LMN

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

CHF12.95
Price
CHF22.48
GF Value