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Avalon HoldingsAWX +1.18%67 Graham Number is $5.65 as of Mar. 2026, which is 797% above its 10-year median of 0.63. GuruFocus rates AWX with a GF Score™ of 67/100 and a GF Value™ of $2.59 (Fairly Valued). The stock has 2 warning signs investors should review. Among 137 Waste Management companies, Avalon Holdings ranks better than 91.24% 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 (2026-07-25), the stock price of Avalon Holdings is $2.5799. Avalon Holdings's graham number for the quarter that ended in Mar. 2026 was $5.65. Therefore, Avalon Holdings's Price to Graham Number ratio for today is 0.46.
The historical rank and industry rank for Avalon Holdings's Graham Number or its related term are showing as below:
AWX'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.35 Med: 0.63 Max: 3.01
Current: 0.46
During the past 13 years, the highest Price to Graham Number ratio of Avalon Holdings was 3.01. The lowest was 0.35. And the median was 0.63.
AWX's Price-to-Graham-Number is ranked better than 91.24% of 137
companies
in the Waste Management industry
Industry Median: 1.36
vs AWX: 0.46
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Avalon Holdings (AMEX:AWX) 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.
Avalon Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
2.5799
/
5.65
=
0.46
* 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.
Avalon Holdings Graham Number Related Terms
Avalon Holdings Graham Number Historical Data
* Premium members only.
The historical data trend for Avalon Holdings'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 Waste Management subindustry, Avalon 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.
Avalon Holdings Price-to-Graham-Number vs Waste Management Industry
For the Waste Management industry and Industrials sector, Avalon Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Avalon 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.
Avalon Holdings (AWX) has a Graham Number of $5.65 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Avalon Holdings and its competitors. This is 797% above median its historical median of 0.63. Over the past decade, Avalon Holdings' Graham Number has ranged from 0.35 to 3.01. According to the industry distribution chart, Avalon Holdings ranks #12 out of 137 companies in the Waste Management industry, placing it in the top 8.8%.
Is Avalon Holdings' Graham Number too high?
Avalon Holdings' current Graham Number of $5.65 is 797% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 3.01. The Waste Management industry median Graham Number is 1.36. Avalon Holdings' value of $5.65 is 315.4% above this industry median. Based on the distribution chart, Avalon Holdings ranks #12 out of 137 companies in the Waste Management industry, which is in the top quartile — a strong position relative to peers. Overall, Avalon Holdings has a GF Score™ of 67/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Avalon Holdings' Graham Number compare to AQMS and OCLN?
According to the Waste Management industry distribution chart, Avalon Holdings ranks #12 out of 137 companies for Graham Number. This places Avalon Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.36. Avalon Holdings' value of $5.65 is 315.4% above this benchmark. Historically, Avalon Holdings' own Graham Number has ranged from 0.35 to 3.01 over the past decade. While the company's 10-year median is 0.63 vs. the industry median of 1.36, Avalon Holdings 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 a Waste Management company?
The median Graham Number among Waste Management companies is 1.36, based on 137 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. Avalon Holdings's current Graham Number of $5.65 is 315.4% 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 Avalon Holdings and its competitors. For the Waste Management industry, the median Graham Number is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avalon Holdings's current Graham Number is $5.65, which is 797% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avalon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Avalon Holdings (AWX) is currently considered Fairly Valued. The stock's GF Value™ is $2.59, compared to a current price of $2.58 — trading 0.4% below its estimated fair value. The current Graham Number is $5.65, which is 797% above median its 10-year median of 0.63 and 315.4% above the Waste Management industry median of 1.36. Avalon Holdings' overall GF Score™ is 67/100 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 Avalon Holdings (AWX), the current Graham Number is $5.65 as of Mar. 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 Avalon Holdings (AWX) Overvalued in 2026?
Based on GuruFocus' analysis, Avalon Holdings stock appears to be undervalued.
The current stock price of $2.58 is trading 0.4% below its estimated GF Value™ of $2.59.
GuruFocus considers Avalon Holdings to be Fairly Valued.
Key valuation signals for AWX:
Graham Number: $5.65 (797% above median its 10-year median of 0.63)
GF Value™: $2.59 vs. price of $2.58 (0.4% below fair value)
Industry Position: 315.4% above the Waste Management median (#12 of 137)
No single metric tells the full story. See the AWX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Avalon Holdings Corp is a waste management company. The company provides waste management services to industrial, commercial, municipal, and governmental customers in selected northeastern and midwestern U.S. markets. The company has two operating segments. The Waste management services segment, which is the key revenue driver, provides hazardous and non-hazardous brokerage and management services to industrial, commercial, municipal, and governmental customers, captive landfill management for an industrial customer, and saltwater injection well operations. Its Golf and related operations segment consists of four golf courses and associated clubhouses, which provide dining and banquet facilities, a hotel which provides lodging and resort-related amenities.
67GF Score
Get the complete analysis for AWX
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