Barry Callebaut AGBYCBF 75 Graham Number is $705.05 as of Feb. 2026, which is 24726% above its 10-year median of 2.84. GuruFocus rates BYCBF with a GF Score™ of 75/100 and a GF Value™ of $2,513.90 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,385 Consumer Packaged Goods companies, Barry Callebaut AG ranks worse than 78.48% 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 (2026-07-13), the stock price of Barry Callebaut AG is $1387.8875. Barry Callebaut AG's graham number for the quarter that ended in Feb. 2026 was $705.05. Therefore, Barry Callebaut AG's Price to Graham Number ratio for today is 1.97.
The historical rank and industry rank for Barry Callebaut AG's Graham Number or its related term are showing as below:
BYCBF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.9 Med: 2.84 Max: 3.52
Current: 1.99
During the past 13 years, the highest Price to Graham Number ratio of Barry Callebaut AG was 3.52. The lowest was 1.90. And the median was 2.84.
BYCBF's Price-to-Graham-Number is ranked worse than 78.48% of 1385
companies
in the Consumer Packaged Goods industry
Industry Median: 1.09
vs BYCBF: 1.99
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Barry Callebaut AG (OTCPK:BYCBF) 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.
Barry Callebaut AG's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Feb. 2026 )
=
1387.8875
/
705.05
=
1.97
* 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.
Barry Callebaut AG Graham Number Related Terms
Barry Callebaut AG Graham Number Historical Data
* Premium members only.
The historical data trend for Barry Callebaut AG'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 Confectioners subindustry, Barry Callebaut AG'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.
Barry Callebaut AG Price-to-Graham-Number vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Barry Callebaut AG's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Barry Callebaut AG'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.
Barry Callebaut AG (BYCBF) has a Graham Number of $705.05 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Barry Callebaut AG and its competitors. This is 24726% above median its historical median of 2.84. Over the past decade, Barry Callebaut AG's Graham Number has ranged from 1.90 to 3.52. According to the industry distribution chart, Barry Callebaut AG ranks #1087 out of 1385 companies in the Consumer Packaged Goods industry, placing it in the top 78.5%.
Is Barry Callebaut AG's Graham Number too high?
Barry Callebaut AG's current Graham Number of $705.05 is 24726% above median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 1.90 to a high of 3.52. The Consumer Packaged Goods industry median Graham Number is 1.09. Barry Callebaut AG's value of $705.05 is 64583.5% above this industry median. Based on the distribution chart, Barry Callebaut AG ranks #1087 out of 1385 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Barry Callebaut AG has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Barry Callebaut AG's Graham Number compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Barry Callebaut AG ranks #1087 out of 1385 companies for Graham Number. This places Barry Callebaut AG in the lower half of its industry. The industry median Graham Number is 1.09. Barry Callebaut AG's value of $705.05 is 64583.5% above this benchmark. Historically, Barry Callebaut AG's own Graham Number has ranged from 1.90 to 3.52 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 1.09, Barry Callebaut AG 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 Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.09, based on 1,385 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. Barry Callebaut AG's current Graham Number of $705.05 is 64583.5% 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 Barry Callebaut AG and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Barry Callebaut AG's current Graham Number is $705.05, which is 24726% above median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Barry Callebaut AG stock overvalued right now?
Based on GuruFocus' analysis, Barry Callebaut AG (BYCBF) is currently considered Possible Value Trap. The stock's GF Value™ is $2,513.90, compared to a current price of $1,387.89 — trading 44.8% below its estimated fair value. The current Graham Number is $705.05, which is 24726% above median its 10-year median of 2.84 and 64583.5% above the Consumer Packaged Goods industry median of 1.09. Barry Callebaut AG's overall GF Score™ is 75/100 with 6 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 Barry Callebaut AG (BYCBF), the current Graham Number is $705.05 as of Feb. 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 Barry Callebaut AG (BYCBF) Overvalued in 2026?
Based on GuruFocus' analysis, Barry Callebaut AG stock appears to be undervalued.
The current stock price of $1,387.89 is trading 44.8% below its estimated GF Value™ of $2,513.90.
GuruFocus considers Barry Callebaut AG to be Possible Value Trap.
Key valuation signals for BYCBF:
Graham Number: $705.05 (24726% above median its 10-year median of 2.84)
GF Value™: $2,513.90 vs. price of $1,387.89 (44.8% below fair value)
Industry Position: 64583.5% above the Consumer Packaged Goods median (#1087 of 1385)
No single metric tells the full story. See the BYCBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Barry Callebaut is the leading global manufacturer and supplier of cocoa and chocolate ingredients, employing over 13,000 people. Customers include food and beverage manufacturers as well as artisans, chocolatiers, pastry chefs, and bakers who use chocolate professionally. Barry Callebaut is vertically integrated, from raw material (cocoa bean) procurement through to chocolate manufacturing, without owning any cocoa farms. The firm produces around 40% of the world's industrial chocolate (open market), and its products are used in approximately 20% of the world's chocolate and cocoa goods.
75GF Score
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