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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 (2026-07-16), the stock price of Nemetschek SE is CHF52.20. Nemetschek SE's graham number for the quarter that ended in Mar. 2026 was CHFN/A. Therefore, Nemetschek SE's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Nemetschek SE's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Nemetschek SE was 35.51. The lowest was 16.62. And the median was 19.36.
XSWX:NEMA's Price-to-Graham-Number is not ranked *
in the Software industry.
Industry Median: 1.87 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Nemetschek SE (XSWX:NEMA) 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.
Nemetschek SE's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
52.20
/
N/A
=
N/A
* 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.
Nemetschek SE Graham Number Related Terms
Nemetschek SE Graham Number Historical Data
* Premium members only.
The historical data trend for Nemetschek SE'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:NEMA vs UBER, SHOP, CRM: Graham Number Comparison
For the Software - Application subindustry, Nemetschek SE'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.
Nemetschek SE Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Nemetschek SE's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Nemetschek SE'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.
Nemetschek SE (XSWX:NEMA) has a Graham Number of CHFN/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Nemetschek SE and its competitors. Over the past decade, Nemetschek SE's Graham Number has ranged from 16.62 to 35.51. According to the industry distribution chart, Nemetschek SE ranks #999999 out of 1478 companies in the Software industry.
Is Nemetschek SE's Graham Number too high?
Nemetschek SE's current Graham Number is CHFN/A. Over the past 10 years, this metric has ranged from a low of 16.62 to a high of 35.51. Based on the distribution chart, Nemetschek SE ranks #999999 out of 1478 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Nemetschek SE has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Nemetschek SE's Graham Number compare to UBER and SHOP?
According to the Software industry distribution chart, Nemetschek SE ranks #999999 out of 1478 companies for Graham Number. This places Nemetschek SE in the lower half of its industry. The industry median Graham Number is 1.87. Historically, Nemetschek SE's own Graham Number has ranged from 16.62 to 35.51 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 Software company?
The median Graham Number among Software companies is 1.87, based on 1,478 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 Nemetschek SE and its competitors. For the Software industry, the median Graham Number is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nemetschek SE's current Graham Number is CHFN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nemetschek SE stock overvalued right now?
Nemetschek SE (XSWX:NEMA) has a current Graham Number of CHFN/A. The stock's GF Value™ is CHF114.22, compared to a current price of CHF52.20 — trading 54.3% below its estimated fair value. The current Graham Number is CHFN/A. Nemetschek SE's overall GF Score™ is 86/100 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 Nemetschek SE (XSWX:NEMA), the current Graham Number is CHFN/A 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 Nemetschek SE (XSWX:NEMA) Overvalued in 2026?
Based on GuruFocus' analysis, Nemetschek SE stock appears to be undervalued.
The current stock price of CHF52.20 is trading 54.3% below its estimated GF Value™ of CHF114.22.
Key valuation signals for XSWX:NEMA:
Graham Number: CHFN/A
GF Value™: CHF114.22 vs. price of CHF52.20 (54.3% below fair value)
No single metric tells the full story. See the XSWX:NEMA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nemetschek is a German company that makes software products for the architecture, engineering, and construction industry, mainly, but also for the media and entertainment industry. Its software solutions cover the entire life cycle of building and infrastructure projects (design, build, and manage). In media and entertainment, it is one of the world's leading providers of software for the creation of 3D animation and visual effects in movies, TV shows, and gaming.
86GF Score
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