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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 (2026-07-18), the stock price of DMC Global is €5.30. DMC Global's graham number for the quarter that ended in Mar. 2026 was €N/A. Therefore, DMC Global's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for DMC Global's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of DMC Global was 21.59. The lowest was 0.90. And the median was 2.24.
FRA:DM5's Price-to-Graham-Number is not ranked *
in the Conglomerates industry.
Industry Median: 0.94 * 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.
DMC Global (FRA:DM5) 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.
DMC Global's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
5.30
/
N/A
=
N/A
* 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.
DMC Global Graham Number Related Terms
DMC Global Graham Number Historical Data
* Premium members only.
The historical data trend for DMC Global'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.
FRA:DM5 vs TUSK, NNBR, AIRT: Graham Number Comparison
For the Conglomerates subindustry, DMC Global'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.
DMC Global Price-to-Graham-Number vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, DMC Global's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where DMC Global'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.
DMC Global (FRA:DM5) has a Graham Number of €N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on DMC Global and its competitors. Over the past decade, DMC Global's Graham Number has ranged from 0.90 to 21.59. According to the industry distribution chart, DMC Global ranks #999999 out of 378 companies in the Conglomerates industry.
Is DMC Global's Graham Number too high?
DMC Global's current Graham Number is €N/A. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 21.59. Based on the distribution chart, DMC Global ranks #999999 out of 378 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, DMC Global has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DMC Global's Graham Number compare to TUSK and NNBR?
According to the Conglomerates industry distribution chart, DMC Global ranks #999999 out of 378 companies for Graham Number. This places DMC Global in the lower half of its industry. The industry median Graham Number is 0.94. Historically, DMC Global's own Graham Number has ranged from 0.90 to 21.59 over the past decade. 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 Conglomerates company?
The median Graham Number among Conglomerates companies is 0.94, based on 378 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. 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 DMC Global and its competitors. For the Conglomerates industry, the median Graham Number is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DMC Global's current Graham Number is €N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DMC Global stock overvalued right now?
Based on GuruFocus' analysis, DMC Global (FRA:DM5) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.98, compared to a current price of €5.30 — trading 24.1% below its estimated fair value. The current Graham Number is €N/A. DMC Global's overall GF Score™ is 67/100 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 DMC Global (FRA:DM5), the current Graham Number is €N/A 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 DMC Global (FRA:DM5) Overvalued in 2026?
Based on GuruFocus' analysis, DMC Global stock appears to be undervalued.
The current stock price of €5.30 is trading 24.1% below its estimated GF Value™ of €6.98.
GuruFocus considers DMC Global to be Modestly Undervalued.
Key valuation signals for FRA:DM5:
Graham Number: €N/A
GF Value™: €6.98 vs. price of €5.30 (24.1% below fair value)
No single metric tells the full story. See the FRA:DM5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DMC Global Inc operates a diversified family of technical product and process businesses serving the energy, industrial and infrastructure markets. Its business is organized into three segments: Arcadia, DynaEnergetics, and NobelClad. Arcadia Products supplies architectural building products, including exterior and interior framing systems, windows, urtain walls, storefronts etc to the commercial construction market. NobelClad is involved in the production of explosion-welded clad metal plates for use in the construction of corrosion-resistant industrial processing equipment and specialized transition joints. DynaEnergetics driver, designs manufactures and distributes products utilized by the oil and gas industry principally for the perforation of oil and gas wells.
67GF Score
Get the complete analysis for FRA:DM5
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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