Barrick MiningB +2.84%90 Graham Number is $32.62 as of Mar. 2026, which is 2448% above its 10-year median of 1.28. GuruFocus rates B with a GF Score™ of 90/100 and a GF Value™ of $32.34 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 608 Metals & Mining companies, Barrick Mining ranks better than 54.77% 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 (2026-07-09), the stock price of Barrick Mining is $36.755. Barrick Mining's graham number for the quarter that ended in Mar. 2026 was $32.62. Therefore, Barrick Mining's Price to Graham Number ratio for today is 1.13.
The historical rank and industry rank for Barrick Mining's Graham Number or its related term are showing as below:
B'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.92 Med: 1.28 Max: 2.79
Current: 1.16
During the past 13 years, the highest Price to Graham Number ratio of Barrick Mining was 2.79. The lowest was 0.92. And the median was 1.28.
B's Price-to-Graham-Number is ranked better than 54.77% of 608
companies
in the Metals & Mining industry
Industry Median: 1.235
vs B: 1.16
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Barrick Mining (NYSE:B) 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.
Barrick Mining's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
36.755
/
32.62
=
1.13
* 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.
Barrick Mining Graham Number Related Terms
Barrick Mining Graham Number Historical Data
* Premium members only.
The historical data trend for Barrick 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, Barrick 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.
Barrick Mining Price-to-Graham-Number vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Barrick Mining's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Barrick 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.
Barrick Mining (B) has a Graham Number of $32.62 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Barrick Mining and its competitors. This is 2448% above median its historical median of 1.28. Over the past decade, Barrick Mining's Graham Number has ranged from 0.92 to 2.79. According to the industry distribution chart, Barrick Mining ranks #275 out of 608 companies in the Metals & Mining industry, placing it in the top 45.2%.
Is Barrick Mining's Graham Number too high?
Barrick Mining's current Graham Number of $32.62 is 2448% above median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 2.79. The Metals & Mining industry median Graham Number is 1.24. Barrick Mining's value of $32.62 is 2541.3% above this industry median. Based on the distribution chart, Barrick Mining ranks #275 out of 608 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Barrick Mining has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Barrick Mining's Graham Number compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Barrick Mining ranks #275 out of 608 companies for Graham Number. This puts Barrick Mining in the upper half of its industry. The industry median Graham Number is 1.24. Barrick Mining's value of $32.62 is 2541.3% above this benchmark. Historically, Barrick Mining's own Graham Number has ranged from 0.92 to 2.79 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 1.24, Barrick Mining 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 Metals & Mining company?
The median Graham Number among Metals & Mining companies is 1.24, based on 608 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. Barrick Mining's current Graham Number of $32.62 is 2541.3% 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 Barrick Mining and its competitors. For the Metals & Mining 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. Barrick Mining's current Graham Number is $32.62, which is 2448% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barrick Mining stock overvalued right now?
Based on GuruFocus' analysis, Barrick Mining (B) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.34, compared to a current price of $36.76 — trading 13.7% above its estimated fair value. The current Graham Number is $32.62, which is 2448% above median its 10-year median of 1.28 and 2541.3% above the Metals & Mining industry median of 1.24. Barrick Mining's overall GF Score™ is 90/100 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 Barrick Mining (B), the current Graham Number is $32.62 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 Barrick Mining (B) Overvalued in 2026?
Based on GuruFocus' analysis, Barrick Mining stock appears to be overvalued.
The current stock price of $36.76 is trading 13.7% above its estimated GF Value™ of $32.34.
GuruFocus considers Barrick Mining to be Modestly Overvalued.
Key valuation signals for B:
Graham Number: $32.62 (2448% above median its 10-year median of 1.28)
GF Value™: $32.34 vs. price of $36.76 (13.7% above fair value)
Industry Position: 2541.3% above the Metals & Mining median (#275 of 608)
No single metric tells the full story. See the B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Based in Toronto, Barrick is one of the world's largest gold miners. In 2025, the firm sold about 3.3 million attributable ounces of gold and about 220,000 metric tons of copper. At end-2025, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure, driven by the expansion of its Lumwana mine in Zambia and the development of its Reko Diq copper and gold project in Pakistan. It intends to undertake an IPO of its joint venture stakes in Nevada Gold Mines and Pueblo Viejo along with its Fourmile deposit later in 2026.
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