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Eton PharmaceuticalsETON +44.55%57 Graham Number is $0.67 as of Jun. 2026, which is 87% below its 10-year median of 5.34. GuruFocus rates ETON with a GF Score™ of 57/100 and a GF Value™ of $19.98 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 598 Drug Manufacturers companies, Eton Pharmaceuticals ranks worse than 167223.91% 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 (2026-08-14), the stock price of Eton Pharmaceuticals is $58.51. Eton Pharmaceuticals's graham number for the quarter that ended in Jun. 2026 was $0.67. Therefore, Eton Pharmaceuticals's Price to Graham Number ratio for today is 86.87.
The historical rank and industry rank for Eton Pharmaceuticals's Graham Number or its related term are showing as below:
During the past 9 years, the highest Price to Graham Number ratio of Eton Pharmaceuticals was 6.70. The lowest was 3.97. And the median was 5.34.
ETON's Price-to-Graham-Number is not ranked *
in the Drug Manufacturers industry.
Industry Median: 1.595 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Eton Pharmaceuticals (NAS:ETON) 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.
Eton Pharmaceuticals's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
58.51
/
0.67
=
86.87
* 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.
Eton Pharmaceuticals Graham Number Related Terms
Eton Pharmaceuticals Graham Number Historical Data
* Premium members only.
The historical data trend for Eton Pharmaceuticals'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.
ETON vs COLL, ALVO, PCRX: Graham Number Comparison
For the Drug Manufacturers - Specialty & Generic subindustry, Eton Pharmaceuticals'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.
Eton Pharmaceuticals Price-to-Graham-Number vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Eton Pharmaceuticals's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Eton Pharmaceuticals'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.
Eton Pharmaceuticals (ETON) has a Graham Number of $0.67 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Eton Pharmaceuticals and its competitors. This is 87% below median its historical median of 5.34. Over the past decade, Eton Pharmaceuticals' Graham Number has ranged from 3.97 to 6.70. According to the industry distribution chart, Eton Pharmaceuticals ranks #999999 out of 598 companies in the Drug Manufacturers industry.
Is Eton Pharmaceuticals' Graham Number too high?
Eton Pharmaceuticals' current Graham Number of $0.67 is 87% below median its 10-year median of 5.34. Over the past 10 years, this metric has ranged from a low of 3.97 to a high of 6.70. The Drug Manufacturers industry median Graham Number is 1.60. Eton Pharmaceuticals' value of $0.67 is 58% below this industry median. Based on the distribution chart, Eton Pharmaceuticals ranks #999999 out of 598 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Eton Pharmaceuticals has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Eton Pharmaceuticals' Graham Number compare to COLL and ALVO?
According to the Drug Manufacturers industry distribution chart, Eton Pharmaceuticals ranks #999999 out of 598 companies for Graham Number. This places Eton Pharmaceuticals in the lower half of its industry. The industry median Graham Number is 1.60. Eton Pharmaceuticals' value of $0.67 is 58% below this benchmark. Historically, Eton Pharmaceuticals' own Graham Number has ranged from 3.97 to 6.70 over the past decade. While the company's 10-year median is 5.34 vs. the industry median of 1.60, Eton Pharmaceuticals 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 Drug Manufacturers company?
The median Graham Number among Drug Manufacturers companies is 1.60, based on 598 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. Eton Pharmaceuticals's current Graham Number of $0.67 is 58% 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 Eton Pharmaceuticals and its competitors. For the Drug Manufacturers industry, the median Graham Number is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eton Pharmaceuticals's current Graham Number is $0.67, which is 87% below median its own 10-year median of 5.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eton Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Eton Pharmaceuticals (ETON) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.98, compared to a current price of $58.51 — trading 192.8% above its estimated fair value. The current Graham Number is $0.67, which is 87% below median its 10-year median of 5.34 and 58% below the Drug Manufacturers industry median of 1.60. Eton Pharmaceuticals' overall GF Score™ is 57/100 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 Eton Pharmaceuticals (ETON), the current Graham Number is $0.67 as of Jun. 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 Eton Pharmaceuticals (ETON) Overvalued in 2026?
Based on GuruFocus' analysis, Eton Pharmaceuticals stock appears to be overvalued.
The current stock price of $58.51 is trading 192.8% above its estimated GF Value™ of $19.98.
GuruFocus considers Eton Pharmaceuticals to be Significantly Overvalued.
Key valuation signals for ETON:
Graham Number: $0.67 (87% below median its 10-year median of 5.34)
GF Value™: $19.98 vs. price of $58.51 (192.8% above fair value)
Industry Position: 58% below the Drug Manufacturers median (#999999 of 598)
No single metric tells the full story. See the ETON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eton Pharmaceuticals Inc is a United States based specialty pharmaceutical company. The company is engaged in developing and commercializing pharmaceutical products to fulfill an unmet patient need. It has eight commercial rare disease products, INCRELEX, ALKINDI SPRINKLE, KHINDIVITM, GALZIN, PKU GOLIKE, Carglumic Acid, Betaine Anhydrous and Nitisinone. It also has five additional product candidates in late-stage development: ET-600, Amglidia, ET-700, ET-800 and ZENEO hydrocortisone autoinjector.
57GF Score
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