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CortevaCTVA +0.53%78 Graham Number is $26.82 as of Mar. 2026, which is 890% above its 10-year median of 2.71. GuruFocus rates CTVA with a GF Score™ of 78/100 and a GF Value™ of $64.81 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 191 Agriculture companies, Corteva ranks worse than 91.1% 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 Corteva is $89.25. Corteva's graham number for the quarter that ended in Mar. 2026 was $26.82. Therefore, Corteva's Price to Graham Number ratio for today is 3.33.
The historical rank and industry rank for Corteva's Graham Number or its related term are showing as below:
CTVA'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.06 Med: 2.71 Max: 7.76
Current: 3.33
During the past 10 years, the highest Price to Graham Number ratio of Corteva was 7.76. The lowest was 2.06. And the median was 2.71.
CTVA's Price-to-Graham-Number is ranked worse than 91.1% of 191
companies
in the Agriculture industry
Industry Median: 1.12
vs CTVA: 3.33
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Corteva (NYSE:CTVA) 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.
Corteva's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
89.25
/
26.82
=
3.33
* 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.
Corteva Graham Number Related Terms
Corteva Graham Number Historical Data
* Premium members only.
The historical data trend for Corteva'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 Agricultural Inputs subindustry, Corteva'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.
Corteva Price-to-Graham-Number vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Corteva's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Corteva'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.
Corteva (CTVA) has a Graham Number of $26.82 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Corteva and its competitors. This is 890% above median its historical median of 2.71. Over the past decade, Corteva's Graham Number has ranged from 2.06 to 7.76. According to the industry distribution chart, Corteva ranks #174 out of 191 companies in the Agriculture industry, placing it in the top 91.1%.
Is Corteva's Graham Number too high?
Corteva's current Graham Number of $26.82 is 890% above median its 10-year median of 2.71. Over the past 10 years, this metric has ranged from a low of 2.06 to a high of 7.76. The Agriculture industry median Graham Number is 1.12. Corteva's value of $26.82 is 2294.6% above this industry median. Based on the distribution chart, Corteva ranks #174 out of 191 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Corteva has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Corteva's Graham Number compare to CF and MOS?
According to the Agriculture industry distribution chart, Corteva ranks #174 out of 191 companies for Graham Number. This places Corteva in the lower half of its industry. The industry median Graham Number is 1.12. Corteva's value of $26.82 is 2294.6% above this benchmark. Historically, Corteva's own Graham Number has ranged from 2.06 to 7.76 over the past decade. While the company's 10-year median is 2.71 vs. the industry median of 1.12, Corteva 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 an Agriculture company?
The median Graham Number among Agriculture companies is 1.12, based on 191 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. Corteva's current Graham Number of $26.82 is 2294.6% 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 Corteva and its competitors. For the Agriculture industry, the median Graham Number is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Corteva's current Graham Number is $26.82, which is 890% above median its own 10-year median of 2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Corteva stock overvalued right now?
Based on GuruFocus' analysis, Corteva (CTVA) is currently considered Significantly Overvalued. The stock's GF Value™ is $64.81, compared to a current price of $89.25 — trading 37.7% above its estimated fair value. The current Graham Number is $26.82, which is 890% above median its 10-year median of 2.71 and 2294.6% above the Agriculture industry median of 1.12. Corteva's overall GF Score™ is 78/100 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 Corteva (CTVA), the current Graham Number is $26.82 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 Corteva (CTVA) Overvalued in 2026?
Based on GuruFocus' analysis, Corteva stock appears to be overvalued.
The current stock price of $89.25 is trading 37.7% above its estimated GF Value™ of $64.81.
GuruFocus considers Corteva to be Significantly Overvalued.
Key valuation signals for CTVA:
Graham Number: $26.82 (890% above median its 10-year median of 2.71)
GF Value™: $64.81 vs. price of $89.25 (37.7% above fair value)
Industry Position: 2294.6% above the Agriculture median (#174 of 191)
No single metric tells the full story. See the CTVA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Corteva is an agricultural inputs pure play that was formed in 2019 when it was spun off from DowDuPont. The company is a leader in the development of new seed and crop protection products. Seeds generate the majority of profits with the remainder coming from crop protection products. Corteva plans to spin off its seeds business in late 2026. The seeds business will be named Vylor, while the crop protection business will retain the Corteva name and be a pure-play crop protection company following the divestiture. Corteva operates globally, but around half of revenue comes from North America.
78GF Score
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