Medartis Holding AGXSWX:MED -0.55%86 Graham Number is CHF5.53 as of Dec. 2025, which is 100% below its 10-year median of 6.48. GuruFocus rates XSWX:MED with a GF Score™ of 86/100 and a GF Value™ of CHF107.02 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 402 Medical Devices & Instruments companies, Medartis Holding AG ranks worse than 99.25% 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 Medartis Holding AG is CHF91.20. Medartis Holding AG's graham number for the quarter that ended in Dec. 2025 was CHF5.53. Therefore, Medartis Holding AG's Price to Graham Number ratio for today is 16.50.
The historical rank and industry rank for Medartis Holding AG's Graham Number or its related term are showing as below:
XSWX:MED'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.97 Med: 6.48 Max: 16.49
Current: 16.49
During the past 12 years, the highest Price to Graham Number ratio of Medartis Holding AG was 16.49. The lowest was 2.97. And the median was 6.48.
XSWX:MED's Price-to-Graham-Number is ranked worse than 99.25% of 402
companies
in the Medical Devices & Instruments industry
Industry Median: 1.785
vs XSWX:MED: 16.49
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Medartis Holding AG (XSWX:MED) 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.
Medartis Holding AG's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
91.20
/
5.53
=
16.50
* 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.
Medartis Holding AG Graham Number Related Terms
Medartis Holding AG Graham Number Historical Data
* Premium members only.
The historical data trend for Medartis Holding 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.
XSWX:MED vs ABT, SYK, MDT: Graham Number Comparison
For the Medical Devices subindustry, Medartis Holding 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.
Medartis Holding AG Price-to-Graham-Number vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Medartis Holding AG's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Medartis Holding AG'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.
Medartis Holding AG (XSWX:MED) has a Graham Number of CHF5.53 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Medartis Holding AG and its competitors. This is 15% below median its historical median of 6.48. Over the past decade, Medartis Holding AG's Graham Number has ranged from 2.97 to 16.49. According to the industry distribution chart, Medartis Holding AG ranks #399 out of 402 companies in the Medical Devices & Instruments industry, placing it in the top 99.3%.
Is Medartis Holding AG's Graham Number too high?
Medartis Holding AG's current Graham Number of CHF5.53 is 15% below median its 10-year median of 6.48. Over the past 10 years, this metric has ranged from a low of 2.97 to a high of 16.49. Based on the distribution chart, Medartis Holding AG ranks #399 out of 402 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Medartis Holding AG has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Medartis Holding AG's Graham Number compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Medartis Holding AG ranks #399 out of 402 companies for Graham Number. This places Medartis Holding AG in the lower half of its industry. The industry median Graham Number is 1.79. Historically, Medartis Holding AG's own Graham Number has ranged from 2.97 to 16.49 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 Devices & Instruments company?
The median Graham Number among Medical Devices & Instruments companies is 1.79, based on 402 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 Medartis Holding AG and its competitors. For the Medical Devices & Instruments industry, the median Graham Number is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medartis Holding AG's current Graham Number is CHF5.53, which is 15% below median its own 10-year median of 6.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medartis Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Medartis Holding AG (XSWX:MED) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF107.02, compared to a current price of CHF91.20 — trading 14.8% below its estimated fair value. The current Graham Number is CHF5.53, which is 15% below median its 10-year median of 6.48. Medartis Holding AG's overall GF Score™ is 86/100 with 6 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 Medartis Holding AG (XSWX:MED), the current Graham Number is CHF5.53 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 Medartis Holding AG (XSWX:MED) Overvalued in 2026?
Based on GuruFocus' analysis, Medartis Holding AG stock appears to be undervalued.
The current stock price of CHF91.20 is trading 14.8% below its estimated GF Value™ of CHF107.02.
GuruFocus considers Medartis Holding AG to be Modestly Undervalued.
Key valuation signals for XSWX:MED:
Graham Number: CHF5.53 (15% below median its 10-year median of 6.48)
GF Value™: CHF107.02 vs. price of CHF91.20 (14.8% below fair value)
No single metric tells the full story. See the XSWX:MED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Medartis Holding AG is a medical device company. The company's product profile is divided into APTUS products, StealthFix Products, and MODUS products. APTUS includes products for the Hand, Wrist, Elbow, Shoulder, and Foot. MODUS comprises products for the mandible. Geographically, it derives the majority of its revenue from Europe, Middle East and Africa (EMEA) and also has a presence in North America, Asia Pacific, and Latin America.
86GF Score
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