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Hallador Energy CoFRA:H7H 57 Graham Number is €N/A as of Jun. 2026. GuruFocus rates FRA:H7H with a GF Score™ of 57/100 and a GF Value™ of €8.96 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 275 Utilities - Independent Power Producers companies, Hallador Energy Co ranks worse than 363636% 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 (2026-09-09), the stock price of Hallador Energy Co is €14.10. Hallador Energy Co's graham number for the quarter that ended in Jun. 2026 was €N/A. Therefore, Hallador Energy Co's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Hallador Energy Co's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Hallador Energy Co was 3.35. The lowest was 0.44. And the median was 0.70.
FRA:H7H's Price-to-Graham-Number is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 1.17 * 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.
Hallador Energy Co (FRA:H7H) 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.
Hallador Energy Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
14.10
/
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.
Hallador Energy Co Graham Number Related Terms
Hallador Energy Co Graham Number Historical Data
* Premium members only.
The historical data trend for Hallador Energy Co'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:H7H vs KEN, CEG, VST: Graham Number Comparison
For the Utilities - Independent Power Producers subindustry, Hallador Energy Co'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.
Hallador Energy Co Price-to-Graham-Number vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Hallador Energy Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Hallador Energy Co'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.
Hallador Energy Co (FRA:H7H) has a Graham Number of €N/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hallador Energy Co and its competitors. According to the industry distribution chart, Hallador Energy Co ranks #999999 out of 275 companies in the Utilities - Independent Power Producers industry.
Is Hallador Energy Co's Graham Number too high?
Hallador Energy Co's current Graham Number is €N/A. Based on the distribution chart, Hallador Energy Co ranks #999999 out of 275 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Hallador Energy Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hallador Energy Co's Graham Number compare to KEN and CEG?
According to the Utilities - Independent Power Producers industry distribution chart, Hallador Energy Co ranks #999999 out of 275 companies for Graham Number. This places Hallador Energy Co in the lower half of its industry. The industry median Graham Number is 1.17. 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 Utilities - Independent Power Producers company?
The median Graham Number among Utilities - Independent Power Producers companies is 1.17, based on 275 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 Hallador Energy Co and its competitors. For the Utilities - Independent Power Producers industry, the median Graham Number is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hallador Energy Co'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 Hallador Energy Co stock overvalued right now?
Based on GuruFocus' analysis, Hallador Energy Co (FRA:H7H) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.96, compared to a current price of €14.10 — trading 57.4% above its estimated fair value. The current Graham Number is €N/A. Hallador Energy Co's overall GF Score™ is 57/100 with 4 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 Hallador Energy Co (FRA:H7H), the current Graham Number is €N/A 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 Hallador Energy Co (FRA:H7H) Overvalued in 2026?
Based on GuruFocus' analysis, Hallador Energy Co stock appears to be overvalued.
The current stock price of €14.10 is trading 57.4% above its estimated GF Value™ of €8.96.
GuruFocus considers Hallador Energy Co to be Significantly Overvalued.
Key valuation signals for FRA:H7H:
Graham Number: €N/A
GF Value™: €8.96 vs. price of €14.10 (57.4% above fair value)
No single metric tells the full story. See the FRA:H7H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hallador Energy Co is a vertically integrated, independent power producer (IPP) and fuel company with operations in Indiana. The Company operates across multiple stages of the energy value chain, from accredited capacity and energy to coal. The Company's electric operations are located within the Midcontinent Independent System Operator's (MISO) footprint. The company's business is organized based on the services and products it provide in two segments: (i) Electric Operations and (ii) Coal Operations.
57GF Score
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