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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.
The historical rank and industry rank for Xtep International Holdings's Graham Number or its related term are showing as below:
XTPEF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.53 Med: 0.94 Max: 2.41
Current: 0.53
During the past 13 years, the highest Price to Graham Number ratio of Xtep International Holdings was 2.41. The lowest was 0.53. And the median was 0.94.
XTPEF's Price-to-Graham-Number is ranked better than 85.56% of 762
companies
in the Retail - Cyclical industry
Industry Median: 1.24
vs XTPEF: 0.53
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Xtep International Holdings (OTCPK:XTPEF) 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.
Xtep International Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.5911
/
0.87
=
0.68
* 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.
Xtep International Holdings Graham Number Related Terms
Xtep International Holdings Graham Number Historical Data
* 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.
XTPEF vs TJX, ROST, BURL: Graham Number Comparison
For the Apparel Retail subindustry, Xtep International Holdings'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.
Xtep International Holdings Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Xtep International Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Xtep International Holdings'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.
Xtep International Holdings (XTPEF) has a Graham Number of $0.87 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Xtep International Holdings and its competitors. This is near median its historical median of 0.94. Over the past decade, Xtep International Holdings' Graham Number has ranged from 0.53 to 2.41. According to the industry distribution chart, Xtep International Holdings ranks #110 out of 762 companies in the Retail - Cyclical industry, placing it in the top 14.4%.
Is Xtep International Holdings' Graham Number too high?
Xtep International Holdings' current Graham Number of $0.87 is near median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 2.41. The Retail - Cyclical industry median Graham Number is 1.24. Xtep International Holdings' value of $0.87 is 29.8% below this industry median. Based on the distribution chart, Xtep International Holdings ranks #110 out of 762 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Xtep International Holdings has a GF Score™ of 89/100, reflecting its overall financial health beyond just this single metric.
How does Xtep International Holdings' Graham Number compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Xtep International Holdings ranks #110 out of 762 companies for Graham Number. This places Xtep International Holdings in the top 14% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.24. Xtep International Holdings' value of $0.87 is 29.8% below this benchmark. Historically, Xtep International Holdings' own Graham Number has ranged from 0.53 to 2.41 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 1.24, Xtep International Holdings has consistently been below the industry average. 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.24, based on 762 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. Xtep International Holdings's current Graham Number of $0.87 is 29.8% below the industry median. 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 Xtep International Holdings and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xtep International Holdings's current Graham Number is $0.87, which is near median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xtep International Holdings stock overvalued right now?
Xtep International Holdings (XTPEF) has a current Graham Number of $0.87. The stock's GF Value™ is $0.93, compared to a current price of $0.59 — trading 36.4% below its estimated fair value. The current Graham Number is $0.87, which is near median its 10-year median of 0.94 and 29.8% below the Retail - Cyclical industry median of 1.24. Xtep International Holdings' overall GF Score™ is 89/100 with 2 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 Xtep International Holdings (XTPEF), the current Graham Number is $0.87 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 Xtep International Holdings (XTPEF) Overvalued in 2026?
Based on GuruFocus' analysis, Xtep International Holdings stock appears to be undervalued.
The current stock price of $0.59 is trading 36.4% below its estimated GF Value™ of $0.93.
Key valuation signals for XTPEF:
Graham Number: $0.87 (near median its 10-year median of 0.94)
GF Value™: $0.93 vs. price of $0.59 (36.4% below fair value)
Industry Position: 29.8% below the Retail - Cyclical median (#110 of 762)
No single metric tells the full story. See the XTPEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Xtep International Holdings Ltd is principally engaged in the design, development, manufacturing, sales, marketing and brand management of sports products including footwear, apparel and accessories for adults and children. With its core Xtep brand, as well as Saucony and Merrell under its diversified brand portfolio, and professional sports segments through an extensive distribution network of more than 8,100 stores. It has two reportable operating segments from continuing operations as follows: (a) mass market segment, including signature brand, Xtep; and (b) professional sports segment, including signature brands, Saucony and Merrell.
89GF Score
Get the complete analysis for XTPEF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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