Gesco SE (XTER:GSC1) Graham Number: €26.55 (As of Jun. 2026) — 2987% 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.

XTER:GSC1 Gesco SE XTER:GSC1
77 GF Score
Price €14.10
GF Value €16.30
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Gesco SE Graham Number?

Gesco SE XTER:GSC1 +2.17% 77 Graham Number is €26.55 as of Jun. 2026, which is 100% below its 10-year median of 0.86. GuruFocus rates XTER:GSC1 with a GF Score™ of 77/100 and a GF Value™ of €16.30 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 2,216 Industrial Products companies, Gesco SE ranks better than 92.28% 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 (2026-08-13), the stock price of Gesco SE is €14.10. Gesco SE's graham number for the quarter that ended in Jun. 2026 was €26.55. Therefore, Gesco SE's Price to Graham Number ratio for today is 0.53.

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

XTER:GSC1' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.53   Med: 0.86   Max: 1.58
Current: 0.55

During the past 13 years, the highest Price to Graham Number ratio of Gesco SE was 1.58. The lowest was 0.53. And the median was 0.86.

XTER:GSC1's Price-to-Graham-Number is ranked better than
92.28% of 2216 companies
in the Industrial Products industry
Industry Median: 1.8 vs XTER:GSC1: 0.55

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


Gesco SE  (XTER:GSC1) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=14.10/26.55
=0.53

* 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.


Gesco SE Graham Number Related Terms


Gesco SE Graham Number Historical Data

* Premium members only.

The historical data trend for Gesco 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.

Gesco SE Graham Number Chart

Gesco SE Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.55 36.57 29.04 11.46 24.84

Gesco SE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 17.18 18.06 24.58 25.52 26.55

XTER:GSC1 vs GEV, ETN, PH: Graham Number Comparison

For the Specialty Industrial Machinery subindustry, Gesco 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.


Gesco SE Price-to-Graham-Number vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Gesco SE's Price-to-Graham-Number distribution charts can be found below:

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


XTER:GSC1
77GF Score
Gesco SE XTER:GSC1
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Gesco SE Graham Number Calculation

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

Gesco SE'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*20.701*1.325)
=24.84

Gesco SE's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*19.743*1.587)
=26.55

* 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 €26.55 mean?
Gesco SE (XTER:GSC1) has a Graham Number of €26.55 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Gesco SE and its competitors. This is 2987% above median its historical median of 0.86. Over the past decade, Gesco SE's Graham Number has ranged from 0.53 to 1.58. According to the industry distribution chart, Gesco SE ranks #171 out of 2216 companies in the Industrial Products industry, placing it in the top 7.7%.
Is Gesco SE's Graham Number too high?
Gesco SE's current Graham Number of €26.55 is 2987% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 1.58. Based on the distribution chart, Gesco SE ranks #171 out of 2216 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Gesco SE has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gesco SE's Graham Number compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Gesco SE ranks #171 out of 2216 companies for Graham Number. This places Gesco SE in the top 8% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.80. Historically, Gesco SE's own Graham Number has ranged from 0.53 to 1.58 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 an Industrial Products company?
The median Graham Number among Industrial Products companies is 1.80, based on 2,216 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 Gesco SE and its competitors. For the Industrial Products industry, the median Graham Number is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gesco SE's current Graham Number is €26.55, which is 2987% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gesco SE stock overvalued right now?
Based on GuruFocus' analysis, Gesco SE (XTER:GSC1) is currently considered Modestly Undervalued. The stock's GF Value™ is €16.30, compared to a current price of €14.10 — trading 13.5% below its estimated fair value. The current Graham Number is €26.55, which is 2987% above median its 10-year median of 0.86. Gesco SE's overall GF Score™ is 77/100 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 Gesco SE (XTER:GSC1), the current Graham Number is €26.55 as of Jun. 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 Gesco SE (XTER:GSC1) Overvalued in 2026?

Based on GuruFocus' analysis, Gesco SE stock appears to be undervalued. The current stock price of €14.10 is trading 13.5% below its estimated GF Value™ of €16.30. GuruFocus considers Gesco SE to be Modestly Undervalued.

Key valuation signals for XTER:GSC1:

  • Graham Number: €26.55 (2987% above median its 10-year median of 0.86)
  • GF Value™: €16.30 vs. price of €14.10 (13.5% below fair value)
  • GF Score™: 77/100 with 3 warning signs

No single metric tells the full story. See the XTER:GSC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Gesco SE Business Description

Other Exchanges 0Q4C:UK
Address Johannisberg 7, Wuppertal, DEU, 42103
GESCO SE is a long-term investor that acquires small and medium-sized industrial companies (SMEs) to hold and develop them, with subsidiaries operating independently and integrated into the Group's reporting and risk management system, forming a dynamic group of market and technology leaders and bridging the gap between SMEs and the capital market. Its segments are Materials Refinement & Distribution, focused on production, refinement and distribution of materials; Health Care & Life Science, focused on healthcare, medical, pharmaceutical and food markets; and Industrial Assets & Infrastructure, comprising companies in mechanical and plant engineering for industrial infrastructure markets.
77GF Score

Get the complete analysis for XTER:GSC1

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

€14.10
Price
€16.30
GF Value