The CooperCOO +2.03%84 Graham Number is $38.77 as of Apr. 2026, which is 968% above its 10-year median of 3.63. GuruFocus rates COO with a GF Score™ of 84/100 and a GF Value™ of $101.11 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 399 Medical Devices & Instruments companies, The Cooper ranks worse than 51.88% 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 The Cooper is $71.02. The Cooper's graham number for the quarter that ended in Apr. 2026 was $38.77. Therefore, The Cooper's Price to Graham Number ratio for today is 1.83.
The historical rank and industry rank for The Cooper's Graham Number or its related term are showing as below:
COO'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.62 Med: 3.63 Max: 69.35
Current: 1.83
During the past 13 years, the highest Price to Graham Number ratio of The Cooper was 69.35. The lowest was 1.62. And the median was 3.63.
COO's Price-to-Graham-Number is ranked worse than 51.88% of 399
companies
in the Medical Devices & Instruments industry
Industry Median: 1.74
vs COO: 1.83
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
The Cooper (NAS:COO) 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.
The Cooper's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
71.02
/
38.77
=
1.83
* 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.
The Cooper Graham Number Related Terms
The Cooper Graham Number Historical Data
* Premium members only.
The historical data trend for The Cooper'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 Medical Instruments & Supplies subindustry, The Cooper'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.
The Cooper Price-to-Graham-Number vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, The Cooper's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where The Cooper'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.
The Cooper (COO) has a Graham Number of $38.77 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on The Cooper and its competitors. This is 968% above median its historical median of 3.63. Over the past decade, The Cooper's Graham Number has ranged from 1.62 to 69.35. According to the industry distribution chart, The Cooper ranks #207 out of 399 companies in the Medical Devices & Instruments industry, placing it in the top 51.9%.
Is The Cooper's Graham Number too high?
The Cooper's current Graham Number of $38.77 is 968% above median its 10-year median of 3.63. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 69.35. The Medical Devices & Instruments industry median Graham Number is 1.74. The Cooper's value of $38.77 is 2128.2% above this industry median. Based on the distribution chart, The Cooper ranks #207 out of 399 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, The Cooper has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does The Cooper's Graham Number compare to SOLV and ALGN?
According to the Medical Devices & Instruments industry distribution chart, The Cooper ranks #207 out of 399 companies for Graham Number. This places The Cooper in the lower half of its industry. The industry median Graham Number is 1.74. The Cooper's value of $38.77 is 2128.2% above this benchmark. Historically, The Cooper's own Graham Number has ranged from 1.62 to 69.35 over the past decade. While the company's 10-year median is 3.63 vs. the industry median of 1.74, The Cooper 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 Medical Devices & Instruments company?
The median Graham Number among Medical Devices & Instruments companies is 1.74, based on 399 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. The Cooper's current Graham Number of $38.77 is 2128.2% 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 The Cooper and its competitors. For the Medical Devices & Instruments industry, the median Graham Number is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Cooper's current Graham Number is $38.77, which is 968% above median its own 10-year median of 3.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Cooper stock overvalued right now?
Based on GuruFocus' analysis, The Cooper (COO) is currently considered Significantly Undervalued. The stock's GF Value™ is $101.11, compared to a current price of $71.02 — trading 29.8% below its estimated fair value. The current Graham Number is $38.77, which is 968% above median its 10-year median of 3.63 and 2128.2% above the Medical Devices & Instruments industry median of 1.74. The Cooper's overall GF Score™ is 84/100 with 3 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 The Cooper (COO), the current Graham Number is $38.77 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 The Cooper (COO) Overvalued in 2026?
Based on GuruFocus' analysis, The Cooper stock appears to be undervalued.
The current stock price of $71.02 is trading 29.8% below its estimated GF Value™ of $101.11.
GuruFocus considers The Cooper to be Significantly Undervalued.
Key valuation signals for COO:
Graham Number: $38.77 (968% above median its 10-year median of 3.63)
GF Value™: $101.11 vs. price of $71.02 (29.8% below fair value)
Industry Position: 2128.2% above the Medical Devices & Instruments median (#207 of 399)
No single metric tells the full story. See the COO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CooperCompanies is one of the largest eyecare companies in the US. It operates in two segments: CooperVision and CooperSurgical. CooperVision is a pure-play contact lens business with a suite of spherical, multifocal, and toric contact lenses. The company also has one of the most comprehensive specialty lens portfolios in the world. With brands including Proclear, Biofinity, MyDay, and Clariti, Cooper controls roughly one fourth of the US contact lens market. CooperSurgical, founded in 1990, is made up of equipment related to reproductive care, fertility, and women's care. Cooper has the broadest medical device coverage of the entire IVF cycle. It also has Paragard, the only hormone-free IUD in the US, and controls 17% of the US IUD market.
84GF Score
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