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.
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.
Perseus MiningASX:PRU +0.21%92 Graham Number is A$4.70 as of Dec. 2025, which is 100% below its 10-year median of 0.89. GuruFocus rates ASX:PRU with a GF Score™ of 92/100 and a GF Value™ of A$3.77 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 610 Metals & Mining companies, Perseus Mining ranks better than 60.98% 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 (2026-07-14), the stock price of Perseus Mining is A$4.85. Perseus Mining's graham number for the quarter that ended in Dec. 2025 was A$4.70. Therefore, Perseus Mining's Price to Graham Number ratio for today is 1.03.
The historical rank and industry rank for Perseus Mining's Graham Number or its related term are showing as below:
ASX:PRU'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.53 Med: 0.89 Max: 2.17
Current: 1.03
During the past 13 years, the highest Price to Graham Number ratio of Perseus Mining was 2.17. The lowest was 0.53. And the median was 0.89.
ASX:PRU's Price-to-Graham-Number is ranked better than 60.98% of 610
companies
in the Metals & Mining industry
Industry Median: 1.27
vs ASX:PRU: 1.03
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Perseus Mining (ASX:PRU) 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.
Perseus Mining's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
4.85
/
4.70
=
1.03
* 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.
Perseus Mining Graham Number Related Terms
Perseus Mining Graham Number Historical Data
* Premium members only.
The historical data trend for Perseus Mining'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 Gold subindustry, Perseus Mining'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.
Perseus Mining Price-to-Graham-Number vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Perseus Mining's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Perseus Mining'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.
Perseus Mining (ASX:PRU) has a Graham Number of A$4.70 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Perseus Mining and its competitors. This is 428% above median its historical median of 0.89. Over the past decade, Perseus Mining's Graham Number has ranged from 0.53 to 2.17. According to the industry distribution chart, Perseus Mining ranks #238 out of 610 companies in the Metals & Mining industry, placing it in the top 39%.
Is Perseus Mining's Graham Number too high?
Perseus Mining's current Graham Number of A$4.70 is 428% above median its 10-year median of 0.89. Over the past 10 years, this metric has ranged from a low of 0.53 to a high of 2.17. Based on the distribution chart, Perseus Mining ranks #238 out of 610 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Perseus Mining has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Perseus Mining's Graham Number compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Perseus Mining ranks #238 out of 610 companies for Graham Number. This puts Perseus Mining in the upper half of its industry. The industry median Graham Number is 1.27. Historically, Perseus Mining's own Graham Number has ranged from 0.53 to 2.17 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 Metals & Mining company?
The median Graham Number among Metals & Mining companies is 1.27, based on 610 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 Perseus Mining and its competitors. For the Metals & Mining industry, the median Graham Number is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perseus Mining's current Graham Number is A$4.70, which is 428% above median its own 10-year median of 0.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perseus Mining stock overvalued right now?
Based on GuruFocus' analysis, Perseus Mining (ASX:PRU) is currently considered Modestly Overvalued. The stock's GF Value™ is A$3.77, compared to a current price of A$4.85 — trading 28.6% above its estimated fair value. The current Graham Number is A$4.70, which is 428% above median its 10-year median of 0.89. Perseus Mining's overall GF Score™ is 92/100 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 Perseus Mining (ASX:PRU), the current Graham Number is A$4.70 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 Perseus Mining (ASX:PRU) Overvalued in 2026?
Based on GuruFocus' analysis, Perseus Mining stock appears to be overvalued.
The current stock price of A$4.85 is trading 28.6% above its estimated GF Value™ of A$3.77.
GuruFocus considers Perseus Mining to be Modestly Overvalued.
Key valuation signals for ASX:PRU:
Graham Number: A$4.70 (428% above median its 10-year median of 0.89)
GF Value™: A$3.77 vs. price of A$4.85 (28.6% above fair value)
No single metric tells the full story. See the ASX:PRU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Perseus is an Australia-based gold miner. It sold around 490,000 ounces of gold in fiscal 2025 from its three majority-owned mines in West Africa. Founded in 2004, Perseus bought all three of its operating mines originally as exploration licenses or development projects. Its 90%-owned Edikan mine in Ghana achieved first gold in 2011, with 86%-owned Sissingue and 90%-owned Yaoure in Ivory Coast following in 2018 and 2020, respectively. The company also purchased its 80%-owned Nyanzaga gold development in Tanzania in fiscal 2024. It had about a decade of reserves at end fiscal 2025. We forecast it sells about 500,000 ounces of gold in fiscal 2030.
92GF Score
Get the complete analysis for ASX:PRU
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:PRU has been successfully added to your 
