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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 Societe Tunisienne de Reassurance's Graham Number or its related term are showing as below:
XTUN:TRE'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.42 Med: 0.54 Max: 0.76
Current: 0.72
During the past 13 years, the highest Price to Graham Number ratio of Societe Tunisienne de Reassurance was 0.76. The lowest was 0.42. And the median was 0.54.
XTUN:TRE's Price-to-Graham-Number is ranked better than 67.44% of 430
companies
in the Insurance industry
Industry Median: 0.92
vs XTUN:TRE: 0.72
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Societe Tunisienne de Reassurance (XTUN:TRE) 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.
Societe Tunisienne de Reassurance's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2024 )
=
13.29
/
18.35
=
0.72
* 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.
Societe Tunisienne de Reassurance Graham Number Related Terms
Societe Tunisienne de Reassurance 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.
Societe Tunisienne de Reassurance Graham Number Chart
XTUN:TRE vs RGA, EG, RNR: Graham Number Comparison
For the Insurance - Reinsurance subindustry, Societe Tunisienne de Reassurance'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.
Societe Tunisienne de Reassurance Price-to-Graham-Number vs Insurance Industry
For the Insurance industry and Financial Services sector, Societe Tunisienne de Reassurance's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Societe Tunisienne de Reassurance'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.
Societe Tunisienne de Reassurance (XTUN:TRE) has a Graham Number of TND18.35 as of Dec. 2024. The Graham Number values a company based on its per-share earnings and book value. View historical data on Societe Tunisienne de Reassurance and its competitors. This is 3298% above median its historical median of 0.54. Over the past decade, Societe Tunisienne de Reassurance's Graham Number has ranged from 0.42 to 0.76. According to the industry distribution chart, Societe Tunisienne de Reassurance ranks #140 out of 430 companies in the Insurance industry, placing it in the top 32.6%.
Is Societe Tunisienne de Reassurance's Graham Number too high?
Societe Tunisienne de Reassurance's current Graham Number of TND18.35 is 3298% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 0.76. Based on the distribution chart, Societe Tunisienne de Reassurance ranks #140 out of 430 companies in the Insurance industry, which is above the industry midpoint. Overall, Societe Tunisienne de Reassurance has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Societe Tunisienne de Reassurance's Graham Number compare to RGA and EG?
According to the Insurance industry distribution chart, Societe Tunisienne de Reassurance ranks #140 out of 430 companies for Graham Number. This puts Societe Tunisienne de Reassurance in the upper half of its industry. The industry median Graham Number is 0.92. Historically, Societe Tunisienne de Reassurance's own Graham Number has ranged from 0.42 to 0.76 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 Insurance company?
The median Graham Number among Insurance companies is 0.92, based on 430 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 Societe Tunisienne de Reassurance and its competitors. For the Insurance industry, the median Graham Number is 0.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Societe Tunisienne de Reassurance's current Graham Number is TND18.35, which is 3298% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Societe Tunisienne de Reassurance stock overvalued right now?
Based on GuruFocus' analysis, Societe Tunisienne de Reassurance (XTUN:TRE) is currently considered Significantly Overvalued. The stock's GF Value™ is TND9.30, compared to a current price of TND13.29 — trading 42.9% above its estimated fair value. The current Graham Number is TND18.35, which is 3298% above median its 10-year median of 0.54. Societe Tunisienne de Reassurance's overall GF Score™ is 81/100. 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 Societe Tunisienne de Reassurance (XTUN:TRE), the current Graham Number is TND18.35 as of Dec. 2024. 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 Societe Tunisienne de Reassurance (XTUN:TRE) Overvalued in 2026?
Based on GuruFocus' analysis, Societe Tunisienne de Reassurance stock appears to be overvalued.
The current stock price of TND13.29 is trading 42.9% above its estimated GF Value™ of TND9.30.
GuruFocus considers Societe Tunisienne de Reassurance to be Significantly Overvalued.
Key valuation signals for XTUN:TRE:
Graham Number: TND18.35 (3298% above median its 10-year median of 0.54)
GF Value™: TND9.30 vs. price of TND13.29 (42.9% above fair value)
No single metric tells the full story. See the XTUN:TRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Societe Tunisienne de Reassurance SA is engaged in the provision of the insurance services. The company offers various insurance products such as Fire, Miscellaneous and Technical Risks, engineering, Agricultural Risks, Marine & Energy, civil liability, accidents, civil and life insurances. In addition, it also provides transport corps, transportation faculties, energy and aviation insurance.
81GF Score
Get the complete analysis for XTUN:TRE
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