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Granite Ridge ResourcesGRNT +0.84%81 Graham Number is $4.97 as of Mar. 2026, which is 563% above its 10-year median of 0.75. GuruFocus rates GRNT with a GF Score™ of 81/100 and a GF Value™ of $7.49 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 611 Oil & Gas companies, Granite Ridge Resources ranks better than 59.57% 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.
Granite Ridge Resources (NYSE:GRNT) 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.
Granite Ridge Resources's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4.79
/
4.97
=
0.96
* 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.
Granite Ridge Resources Graham Number Related Terms
Granite Ridge Resources Graham Number Historical Data
* 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 Oil & Gas E&P subindustry, Granite Ridge Resources'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.
Granite Ridge Resources Price-to-Graham-Number vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Granite Ridge Resources's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Granite Ridge Resources'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.
Granite Ridge Resources (GRNT) has a Graham Number of $4.97 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Granite Ridge Resources and its competitors. This is 563% above median its historical median of 0.75. Over the past decade, Granite Ridge Resources' Graham Number has ranged from 0.41 to 1.18. According to the industry distribution chart, Granite Ridge Resources ranks #247 out of 611 companies in the Oil & Gas industry, placing it in the top 40.4%.
Is Granite Ridge Resources' Graham Number too high?
Granite Ridge Resources' current Graham Number of $4.97 is 563% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.18. The Oil & Gas industry median Graham Number is 1.10. Granite Ridge Resources' value of $4.97 is 351.8% above this industry median. Based on the distribution chart, Granite Ridge Resources ranks #247 out of 611 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Granite Ridge Resources has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Granite Ridge Resources' Graham Number compare to GPRK and VTS?
According to the Oil & Gas industry distribution chart, Granite Ridge Resources ranks #247 out of 611 companies for Graham Number. This puts Granite Ridge Resources in the upper half of its industry. The industry median Graham Number is 1.10. Granite Ridge Resources' value of $4.97 is 351.8% above this benchmark. Historically, Granite Ridge Resources' own Graham Number has ranged from 0.41 to 1.18 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 1.10, Granite Ridge Resources 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 an Oil & Gas company?
The median Graham Number among Oil & Gas companies is 1.10, based on 611 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. Granite Ridge Resources's current Graham Number of $4.97 is 351.8% 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 Granite Ridge Resources and its competitors. For the Oil & Gas industry, the median Graham Number is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Granite Ridge Resources's current Graham Number is $4.97, which is 563% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Granite Ridge Resources stock overvalued right now?
Based on GuruFocus' analysis, Granite Ridge Resources (GRNT) is currently considered Possible Value Trap. The stock's GF Value™ is $7.49, compared to a current price of $4.79 — trading 36% below its estimated fair value. The current Graham Number is $4.97, which is 563% above median its 10-year median of 0.75 and 351.8% above the Oil & Gas industry median of 1.10. Granite Ridge Resources' overall GF Score™ is 81/100 with 8 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 Granite Ridge Resources (GRNT), the current Graham Number is $4.97 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 Granite Ridge Resources (GRNT) Overvalued in 2026?
Based on GuruFocus' analysis, Granite Ridge Resources stock appears to be undervalued.
The current stock price of $4.79 is trading 36% below its estimated GF Value™ of $7.49.
GuruFocus considers Granite Ridge Resources to be Possible Value Trap.
Key valuation signals for GRNT:
Graham Number: $4.97 (563% above median its 10-year median of 0.75)
GF Value™: $7.49 vs. price of $4.79 (36% below fair value)
Industry Position: 351.8% above the Oil & Gas median (#247 of 611)
No single metric tells the full story. See the GRNT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Granite Ridge Resources Inc is a scaled, non-operated oil and gas exploration and production company. It invests in a diversified portfolio of production and top-tier acreage across the Permian and other prolific U.S. basins in partnership with operators. It generates maximum revenue from Oil.
81GF Score
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