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Good Times RestaurantsGTIM -0.72%50 Graham Number is $2.92 as of Mar. 2026, which is 128% above its 10-year median of 1.28. GuruFocus rates GTIM with a GF Score™ of 50/100 and a GF Value™ of $2.67 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 205 Restaurants companies, Good Times Restaurants ranks better than 94.63% 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.
The historical rank and industry rank for Good Times Restaurants's Graham Number or its related term are showing as below:
GTIM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.38 Med: 1.28 Max: 5.22
Current: 0.47
During the past 13 years, the highest Price to Graham Number ratio of Good Times Restaurants was 5.22. The lowest was 0.38. And the median was 1.28.
GTIM's Price-to-Graham-Number is ranked better than 94.63% of 205
companies
in the Restaurants industry
Industry Median: 1.61
vs GTIM: 0.47
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Good Times Restaurants (NAS:GTIM) 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.
Good Times Restaurants's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1.38
/
2.92
=
0.47
* 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.
Good Times Restaurants Graham Number Related Terms
Good Times Restaurants 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.
GTIM vs NROM, PETZ, CCHH: Graham Number Comparison
For the Restaurants subindustry, Good Times Restaurants'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.
Good Times Restaurants Price-to-Graham-Number vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Good Times Restaurants's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Good Times Restaurants'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.
Good Times Restaurants (GTIM) has a Graham Number of $2.92 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Good Times Restaurants and its competitors. This is 128% above median its historical median of 1.28. Over the past decade, Good Times Restaurants' Graham Number has ranged from 0.38 to 5.22. According to the industry distribution chart, Good Times Restaurants ranks #11 out of 205 companies in the Restaurants industry, placing it in the top 5.4%.
Is Good Times Restaurants' Graham Number too high?
Good Times Restaurants' current Graham Number of $2.92 is 128% above median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 5.22. The Restaurants industry median Graham Number is 1.61. Good Times Restaurants' value of $2.92 is 81.4% above this industry median. Based on the distribution chart, Good Times Restaurants ranks #11 out of 205 companies in the Restaurants industry, which is in the top quartile — a strong position relative to peers. Overall, Good Times Restaurants has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Good Times Restaurants' Graham Number compare to NROM and PETZ?
According to the Restaurants industry distribution chart, Good Times Restaurants ranks #11 out of 205 companies for Graham Number. This places Good Times Restaurants in the top 5% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.61. Good Times Restaurants' value of $2.92 is 81.4% above this benchmark. Historically, Good Times Restaurants' own Graham Number has ranged from 0.38 to 5.22 over the past decade. While the company's 10-year median is 1.28 vs. the industry median of 1.61, Good Times Restaurants 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 a Restaurants company?
The median Graham Number among Restaurants companies is 1.61, based on 205 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. Good Times Restaurants's current Graham Number of $2.92 is 81.4% 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 Good Times Restaurants and its competitors. For the Restaurants industry, the median Graham Number is 1.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Times Restaurants's current Graham Number is $2.92, which is 128% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Times Restaurants stock overvalued right now?
Based on GuruFocus' analysis, Good Times Restaurants (GTIM) is currently considered Possible Value Trap. The stock's GF Value™ is $2.67, compared to a current price of $1.38 — trading 48.3% below its estimated fair value. The current Graham Number is $2.92, which is 128% above median its 10-year median of 1.28 and 81.4% above the Restaurants industry median of 1.61. Good Times Restaurants' overall GF Score™ is 50/100 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 Good Times Restaurants (GTIM), the current Graham Number is $2.92 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 Good Times Restaurants (GTIM) Overvalued in 2026?
Based on GuruFocus' analysis, Good Times Restaurants stock appears to be undervalued.
The current stock price of $1.38 is trading 48.3% below its estimated GF Value™ of $2.67.
GuruFocus considers Good Times Restaurants to be Possible Value Trap.
Key valuation signals for GTIM:
Graham Number: $2.92 (128% above median its 10-year median of 1.28)
GF Value™: $2.67 vs. price of $1.38 (48.3% below fair value)
Industry Position: 81.4% above the Restaurants median (#11 of 205)
No single metric tells the full story. See the GTIM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Good Times Restaurants Inc is engaged in developing, owning, operating, and franchising hamburger-oriented drive-through restaurants. It operates through two segments: Good Times Burgers and Frozen Custard restaurants, which operate in the quick-service drive-through dining industry; and Bad Daddy's Burger Bar restaurants, which operate in the full-service upscale casual dining industry. The company generates maximum revenue from the Bad Daddy's Burger Bar restaurants segment. Its menu categories include burgers, chicken, frozen custard; slides and drinks.
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