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East Africa MetalsEFRMF -6.14% Graham Number is $0.05 as of Mar. 2026, which is 98% below its 10-year median of 2.08. The stock has 2 warning signs investors should review. Among 616 Metals & Mining companies, East Africa Metals ranks better than 60.71% 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 (2026-08-03), the stock price of East Africa Metals is $0.055. East Africa Metals's graham number for the quarter that ended in Mar. 2026 was $0.05. Therefore, East Africa Metals's Price to Graham Number ratio for today is 1.11.
The historical rank and industry rank for East Africa Metals's Graham Number or its related term are showing as below:
EFRMF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.92 Med: 2.08 Max: 2.08
Current: 0.92
During the past 13 years, the highest Price to Graham Number ratio of East Africa Metals was 2.08. The lowest was 0.92. And the median was 2.08.
EFRMF's Price-to-Graham-Number is ranked better than 60.71% of 616
companies
in the Metals & Mining industry
Industry Median: 1.24
vs EFRMF: 0.92
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
East Africa Metals (OTCPK:EFRMF) 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.
East Africa Metals's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.055
/
0.05
=
1.11
* 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.
East Africa Metals Graham Number Related Terms
East Africa Metals Graham Number Historical Data
* Premium members only.
The historical data trend for East Africa Metals'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.
East Africa Metals Graham Number Competitor Comparison
For the Other Industrial Metals & Mining subindustry, East Africa Metals'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.
East Africa Metals Price-to-Graham-Number vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, East Africa Metals's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where East Africa Metals'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.
East Africa Metals (EFRMF) has a Graham Number of $0.05 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on East Africa Metals and its competitors. This is 98% below median its historical median of 2.08. Over the past decade, East Africa Metals' Graham Number has ranged from 0.92 to 2.08. According to the industry distribution chart, East Africa Metals ranks #242 out of 616 companies in the Metals & Mining industry, placing it in the top 39.3%.
Is East Africa Metals' Graham Number too high?
East Africa Metals' current Graham Number of $0.05 is 98% below median its 10-year median of 2.08. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 2.08. The Metals & Mining industry median Graham Number is 1.24. East Africa Metals' value of $0.05 is 96% below this industry median. Based on the distribution chart, East Africa Metals ranks #242 out of 616 companies in the Metals & Mining industry, which is above the industry midpoint.
How does East Africa Metals' Graham Number compare to competitors?
According to the Metals & Mining industry distribution chart, East Africa Metals ranks #242 out of 616 companies for Graham Number. This puts East Africa Metals in the upper half of its industry. The industry median Graham Number is 1.24. East Africa Metals' value of $0.05 is 96% below this benchmark. Historically, East Africa Metals' own Graham Number has ranged from 0.92 to 2.08 over the past decade. While the company's 10-year median is 2.08 vs. the industry median of 1.24, East Africa Metals has consistently been below 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 Metals & Mining company?
The median Graham Number among Metals & Mining companies is 1.24, based on 616 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. East Africa Metals's current Graham Number of $0.05 is 96% below 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 East Africa Metals and its competitors. For the Metals & Mining industry, the median Graham Number is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. East Africa Metals's current Graham Number is $0.05, which is 98% below median its own 10-year median of 2.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is East Africa Metals stock overvalued right now?
East Africa Metals (EFRMF) has a current Graham Number of $0.05. The current Graham Number is $0.05, which is 98% below median its 10-year median of 2.08 and 96% below the Metals & Mining industry median of 1.24. 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 East Africa Metals (EFRMF), the current Graham Number is $0.05 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.
East Africa Metals Inc is a mineral exploration company focused on the identification, acquisition, exploration, development, and sale of base and precious mineral resource properties in Ethiopia and Tanzania. The company's mineral properties consist of one project in Ethiopia, the Harvest Project, Adyabo Project, and one project in Tanzania, the Handeni and Other Properties. The geographical segments of the company include Canada, Tanzania, and Ethiopia. It has one reportable segment Exploration and Development of Mineral Properties.
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