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.
Citi TrendsCTRN +0.68%61 Graham Number is $5.16 as of Apr. 2026, which is 357% above its 10-year median of 1.13. GuruFocus rates CTRN with a GF Score™ of 61/100 and a GF Value™ of $29.12 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 754 Retail - Cyclical companies, Citi Trends ranks worse than 98.81% 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 (2026-07-16), the stock price of Citi Trends is $63.685. Citi Trends's graham number for the quarter that ended in Apr. 2026 was $5.16. Therefore, Citi Trends's Price to Graham Number ratio for today is 12.33.
The historical rank and industry rank for Citi Trends's Graham Number or its related term are showing as below:
CTRN'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.71 Med: 1.13 Max: 12.34
Current: 12.34
During the past 13 years, the highest Price to Graham Number ratio of Citi Trends was 12.34. The lowest was 0.71. And the median was 1.13.
CTRN's Price-to-Graham-Number is ranked worse than 98.81% of 754
companies
in the Retail - Cyclical industry
Industry Median: 1.21
vs CTRN: 12.34
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Citi Trends (NAS:CTRN) 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.
Citi Trends's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
63.685
/
5.16
=
12.33
* 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.
Citi Trends Graham Number Related Terms
Citi Trends Graham Number Historical Data
* Premium members only.
The historical data trend for Citi Trends'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 Apparel Retail subindustry, Citi Trends'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.
Citi Trends Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Citi Trends's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Citi Trends'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.
Citi Trends (CTRN) has a Graham Number of $5.16 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Citi Trends and its competitors. This is 357% above median its historical median of 1.13. Over the past decade, Citi Trends' Graham Number has ranged from 0.71 to 12.34. According to the industry distribution chart, Citi Trends ranks #745 out of 754 companies in the Retail - Cyclical industry, placing it in the top 98.8%.
Is Citi Trends' Graham Number too high?
Citi Trends' current Graham Number of $5.16 is 357% above median its 10-year median of 1.13. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 12.34. The Retail - Cyclical industry median Graham Number is 1.21. Citi Trends' value of $5.16 is 326.4% above this industry median. Based on the distribution chart, Citi Trends ranks #745 out of 754 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Citi Trends has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Citi Trends' Graham Number compare to CAL and SHOE?
According to the Retail - Cyclical industry distribution chart, Citi Trends ranks #745 out of 754 companies for Graham Number. This places Citi Trends in the lower half of its industry. The industry median Graham Number is 1.21. Citi Trends' value of $5.16 is 326.4% above this benchmark. Historically, Citi Trends' own Graham Number has ranged from 0.71 to 12.34 over the past decade. While the company's 10-year median is 1.13 vs. the industry median of 1.21, Citi Trends 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.21, based on 754 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. Citi Trends's current Graham Number of $5.16 is 326.4% 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 Citi Trends and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Citi Trends's current Graham Number is $5.16, which is 357% above median its own 10-year median of 1.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Citi Trends stock overvalued right now?
Based on GuruFocus' analysis, Citi Trends (CTRN) is currently considered Significantly Overvalued. The stock's GF Value™ is $29.12, compared to a current price of $63.69 — trading 118.7% above its estimated fair value. The current Graham Number is $5.16, which is 357% above median its 10-year median of 1.13 and 326.4% above the Retail - Cyclical industry median of 1.21. Citi Trends' overall GF Score™ is 61/100 with 5 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 Citi Trends (CTRN), the current Graham Number is $5.16 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 Citi Trends (CTRN) Overvalued in 2026?
Based on GuruFocus' analysis, Citi Trends stock appears to be overvalued.
The current stock price of $63.69 is trading 118.7% above its estimated GF Value™ of $29.12.
GuruFocus considers Citi Trends to be Significantly Overvalued.
Key valuation signals for CTRN:
Graham Number: $5.16 (357% above median its 10-year median of 1.13)
GF Value™: $29.12 vs. price of $63.69 (118.7% above fair value)
Industry Position: 326.4% above the Retail - Cyclical median (#745 of 754)
No single metric tells the full story. See the CTRN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Citi Trends Inc is a differentiated off-price value retailer known for trendy fashions, great brands and amazing prices. It is the off-price retailer specifically focused on Black customers, delivering the styles, brands, and trends at amazing prices that resonate with its primary and secondary customers. Its product offering is Women's, Men's and Children's apparel, family footwear, accessories and products for the home, with a three-tiered mix of product. At the opening price point, the company offers value-focused basics for its budget-conscious customers.
61GF Score
Get the complete analysis for CTRN
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
CTRN has been successfully added to your 
