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ZedgeZDGE -3.87%76 Graham Number is $2.73 as of Apr. 2026, which is 22% above its 10-year median of 2.24. GuruFocus rates ZDGE with a GF Score™ of 76/100 and a GF Value™ of $3.06 (Fairly Valued). Among 282 Interactive Media companies, Zedge ranks better than 60.99% 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 (2026-08-08), the stock price of Zedge is $2.98. Zedge's graham number for the quarter that ended in Apr. 2026 was $2.73. Therefore, Zedge's Price to Graham Number ratio for today is 1.09.
The historical rank and industry rank for Zedge's Graham Number or its related term are showing as below:
ZDGE'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.94 Med: 2.24 Max: 3.9
Current: 1.09
During the past 12 years, the highest Price to Graham Number ratio of Zedge was 3.90. The lowest was 0.94. And the median was 2.24.
ZDGE's Price-to-Graham-Number is ranked better than 60.99% of 282
companies
in the Interactive Media industry
Industry Median: 1.35
vs ZDGE: 1.09
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Zedge's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
2.98
/
2.73
=
1.09
* 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.
Zedge Graham Number Related Terms
Zedge Graham Number Historical Data
* Premium members only.
The historical data trend for Zedge'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.
For the Internet Content & Information subindustry, Zedge'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.
Zedge Price-to-Graham-Number vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Zedge's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Zedge'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.
Zedge (ZDGE) has a Graham Number of $2.73 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Zedge and its competitors. This is 22% above median its historical median of 2.24. Over the past decade, Zedge's Graham Number has ranged from 0.94 to 3.90. According to the industry distribution chart, Zedge ranks #110 out of 282 companies in the Interactive Media industry, placing it in the top 39%.
Is Zedge's Graham Number too high?
Zedge's current Graham Number of $2.73 is 22% above median its 10-year median of 2.24. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 3.90. The Interactive Media industry median Graham Number is 1.35. Zedge's value of $2.73 is 102.2% above this industry median. Based on the distribution chart, Zedge ranks #110 out of 282 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Zedge has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zedge's Graham Number compare to AREN and MNY?
According to the Interactive Media industry distribution chart, Zedge ranks #110 out of 282 companies for Graham Number. This puts Zedge in the upper half of its industry. The industry median Graham Number is 1.35. Zedge's value of $2.73 is 102.2% above this benchmark. Historically, Zedge's own Graham Number has ranged from 0.94 to 3.90 over the past decade. While the company's 10-year median is 2.24 vs. the industry median of 1.35, Zedge has consistently been above 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 an Interactive Media company?
The median Graham Number among Interactive Media companies is 1.35, based on 282 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. Zedge's current Graham Number of $2.73 is 102.2% above 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 Zedge and its competitors. For the Interactive Media industry, the median Graham Number is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zedge's current Graham Number is $2.73, which is 22% above median its own 10-year median of 2.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zedge stock overvalued right now?
Based on GuruFocus' analysis, Zedge (ZDGE) is currently considered Fairly Valued. The stock's GF Value™ is $3.06, compared to a current price of $2.98 — trading 2.6% below its estimated fair value. The current Graham Number is $2.73, which is 22% above median its 10-year median of 2.24 and 102.2% above the Interactive Media industry median of 1.35. Zedge's overall GF Score™ is 76/100. 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 Zedge (ZDGE), the current Graham Number is $2.73 as of Apr. 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 Zedge (ZDGE) Overvalued in 2026?
Based on GuruFocus' analysis, Zedge stock appears to be undervalued.
The current stock price of $2.98 is trading 2.6% below its estimated GF Value™ of $3.06.
GuruFocus considers Zedge to be Fairly Valued.
Key valuation signals for ZDGE:
Graham Number: $2.73 (22% above median its 10-year median of 2.24)
GF Value™: $3.06 vs. price of $2.98 (2.6% below fair value)
Industry Position: 102.2% above the Interactive Media median (#110 of 282)
No single metric tells the full story. See the ZDGE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zedge Inc builds digital marketplaces and competitive games centered on content that people use for self-expression. Its products include the Zedge App, a freemium digital content marketplace offering mobile wallpapers, video wallpapers, ringtones, and notification sounds, along with pAInt, a generative AI wallpaper and ringtone maker, GuruShots, a skill-based photo challenge game, and Emojipedia, a trusted source for emoji information. The Zedge App is available on Google Play and the App Store. The company operates two segments: Zedge Marketplace and GuruShots, with the majority of revenue generated from the Zedge Marketplace.
76GF Score
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