Dream Finders HomesDFH +2.44%74 Graham Number is $20.40 as of Mar. 2026, which is 2047% above its 10-year median of 0.95. GuruFocus rates DFH with a GF Score™ of 74/100 and a GF Value™ of $28.29 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 73 Homebuilding & Construction companies, Dream Finders Homes ranks worse than 50.68% 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 (2026-07-06), the stock price of Dream Finders Homes is $16.79. Dream Finders Homes's graham number for the quarter that ended in Mar. 2026 was $20.40. Therefore, Dream Finders Homes's Price to Graham Number ratio for today is 0.82.
The historical rank and industry rank for Dream Finders Homes's Graham Number or its related term are showing as below:
DFH'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.17 Med: 0.95 Max: 2.46
Current: 0.82
During the past 8 years, the highest Price to Graham Number ratio of Dream Finders Homes was 2.46. The lowest was 0.17. And the median was 0.95.
DFH's Price-to-Graham-Number is ranked worse than 50.68% of 73
companies
in the Homebuilding & Construction industry
Industry Median: 0.82
vs DFH: 0.82
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Dream Finders Homes (NYSE:DFH) 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.
Dream Finders Homes's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
16.79
/
20.40
=
0.82
* 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.
Dream Finders Homes Graham Number Related Terms
Dream Finders Homes Graham Number Historical Data
* Premium members only.
The historical data trend for Dream Finders Homes'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 Residential Construction subindustry, Dream Finders Homes'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.
Dream Finders Homes Price-to-Graham-Number vs Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Dream Finders Homes's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Dream Finders Homes'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.
Dream Finders Homes (DFH) has a Graham Number of $20.40 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Dream Finders Homes and its competitors. This is 2047% above median its historical median of 0.95. Over the past decade, Dream Finders Homes' Graham Number has ranged from 0.17 to 2.46. According to the industry distribution chart, Dream Finders Homes ranks #37 out of 73 companies in the Homebuilding & Construction industry, placing it in the top 50.7%.
Is Dream Finders Homes' Graham Number too high?
Dream Finders Homes' current Graham Number of $20.40 is 2047% above median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 2.46. The Homebuilding & Construction industry median Graham Number is 0.82. Dream Finders Homes' value of $20.40 is 2387.8% above this industry median. Based on the distribution chart, Dream Finders Homes ranks #37 out of 73 companies in the Homebuilding & Construction industry, which is below the industry midpoint. Overall, Dream Finders Homes has a GF Score™ of 74/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Dream Finders Homes' Graham Number compare to LGIH and HOV?
According to the Homebuilding & Construction industry distribution chart, Dream Finders Homes ranks #37 out of 73 companies for Graham Number. This places Dream Finders Homes in the lower half of its industry. The industry median Graham Number is 0.82. Dream Finders Homes' value of $20.40 is 2387.8% above this benchmark. Historically, Dream Finders Homes' own Graham Number has ranged from 0.17 to 2.46 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 0.82, Dream Finders Homes 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 Homebuilding & Construction company?
The median Graham Number among Homebuilding & Construction companies is 0.82, based on 73 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. Dream Finders Homes's current Graham Number of $20.40 is 2387.8% 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 Dream Finders Homes and its competitors. For the Homebuilding & Construction industry, the median Graham Number is 0.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dream Finders Homes's current Graham Number is $20.40, which is 2047% above median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dream Finders Homes stock overvalued right now?
Based on GuruFocus' analysis, Dream Finders Homes (DFH) is currently considered Possible Value Trap. The stock's GF Value™ is $28.29, compared to a current price of $16.79 — trading 40.7% below its estimated fair value. The current Graham Number is $20.40, which is 2047% above median its 10-year median of 0.95 and 2387.8% above the Homebuilding & Construction industry median of 0.82. Dream Finders Homes' overall GF Score™ is 74/100 with 9 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 Dream Finders Homes (DFH), the current Graham Number is $20.40 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 Dream Finders Homes (DFH) Overvalued in 2026?
Based on GuruFocus' analysis, Dream Finders Homes stock appears to be undervalued.
The current stock price of $16.79 is trading 40.7% below its estimated GF Value™ of $28.29.
GuruFocus considers Dream Finders Homes to be Possible Value Trap.
Key valuation signals for DFH:
Graham Number: $20.40 (2047% above median its 10-year median of 0.95)
GF Value™: $28.29 vs. price of $16.79 (40.7% below fair value)
Industry Position: 2387.8% above the Homebuilding & Construction median (#37 of 73)
No single metric tells the full story. See the DFH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dream Finders Homes Inc designs, builds and sells homes in markets throughout the United States. The company's primary focus is on constructing and selling single-family homes across entry-level, first-time move-up, second-time move-up, and active adult markets. Its homebuilding operations are organized into four reportable segments: Southeast, Mid-Atlantic, Midwest, and Financial Services. It generates the maximum of its revenue from the Midwest segment.
74GF Score
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