Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Haverty FurnitureHVT -1.56%70 Graham Number is $22.77 as of Mar. 2026, which is 2322% above its 10-year median of 0.94. GuruFocus rates HVT with a GF Score™ of 70/100 and a GF Value™ of $24.23 (Fairly Valued). The stock has 6 warning signs investors should review. Among 762 Retail - Cyclical companies, Haverty Furniture ranks better than 57.61% 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 (2026-08-02), the stock price of Haverty Furniture is $24.64. Haverty Furniture's graham number for the quarter that ended in Mar. 2026 was $22.77. Therefore, Haverty Furniture's Price to Graham Number ratio for today is 1.08.
The historical rank and industry rank for Haverty Furniture's Graham Number or its related term are showing as below:
HVT'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.54 Med: 0.94 Max: 1.3
Current: 1.08
During the past 13 years, the highest Price to Graham Number ratio of Haverty Furniture was 1.30. The lowest was 0.54. And the median was 0.94.
HVT's Price-to-Graham-Number is ranked better than 57.61% of 762
companies
in the Retail - Cyclical industry
Industry Median: 1.24
vs HVT: 1.08
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Haverty Furniture (NYSE:HVT) 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.
Haverty Furniture's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
24.64
/
22.77
=
1.08
* 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.
Haverty Furniture Graham Number Related Terms
Haverty Furniture Graham Number Historical Data
* Premium members only.
The historical data trend for Haverty Furniture'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.
For the Home Improvement Retail subindustry, Haverty Furniture'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.
Haverty Furniture Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Haverty Furniture's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Haverty Furniture'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.
Haverty Furniture (HVT) has a Graham Number of $22.77 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Haverty Furniture and its competitors. This is 2322% above median its historical median of 0.94. Over the past decade, Haverty Furniture's Graham Number has ranged from 0.54 to 1.30. According to the industry distribution chart, Haverty Furniture ranks #323 out of 762 companies in the Retail - Cyclical industry, placing it in the top 42.4%.
Is Haverty Furniture's Graham Number too high?
Haverty Furniture's current Graham Number of $22.77 is 2322% above median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.54 to a high of 1.30. The Retail - Cyclical industry median Graham Number is 1.24. Haverty Furniture's value of $22.77 is 1736.3% above this industry median. Based on the distribution chart, Haverty Furniture ranks #323 out of 762 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Haverty Furniture has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Haverty Furniture's Graham Number compare to TTSH and LIVE?
According to the Retail - Cyclical industry distribution chart, Haverty Furniture ranks #323 out of 762 companies for Graham Number. This puts Haverty Furniture in the upper half of its industry. The industry median Graham Number is 1.24. Haverty Furniture's value of $22.77 is 1736.3% above this benchmark. Historically, Haverty Furniture's own Graham Number has ranged from 0.54 to 1.30 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 1.24, Haverty Furniture 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.24, based on 762 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. Haverty Furniture's current Graham Number of $22.77 is 1736.3% 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 Haverty Furniture and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Haverty Furniture's current Graham Number is $22.77, which is 2322% above median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Haverty Furniture stock overvalued right now?
Based on GuruFocus' analysis, Haverty Furniture (HVT) is currently considered Fairly Valued. The stock's GF Value™ is $24.23, compared to a current price of $24.64 — trading 1.7% above its estimated fair value. The current Graham Number is $22.77, which is 2322% above median its 10-year median of 0.94 and 1736.3% above the Retail - Cyclical industry median of 1.24. Haverty Furniture's overall GF Score™ is 70/100 with 6 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 Haverty Furniture (HVT), the current Graham Number is $22.77 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 Haverty Furniture (HVT) Overvalued in 2026?
Based on GuruFocus' analysis, Haverty Furniture stock appears to be overvalued.
The current stock price of $24.64 is trading 1.7% above its estimated GF Value™ of $24.23.
GuruFocus considers Haverty Furniture to be Fairly Valued.
Key valuation signals for HVT:
Graham Number: $22.77 (2322% above median its 10-year median of 0.94)
GF Value™: $24.23 vs. price of $24.64 (1.7% above fair value)
Industry Position: 1736.3% above the Retail - Cyclical median (#323 of 762)
No single metric tells the full story. See the HVT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Haverty Furniture Companies Inc is a specialty retailer of residential furniture and accessories. It provides various products such as Sofa Tables, Sleepers, End Tables, Cocktail Tables, Accent Pieces, Display Cabinets, Wall Decor, floral and Tress, and other related products. The company operates in the Southern and Midwestern U.S. All its activities are encompassed in its Merchandise division. The company derives the majority of revenue from its upholstery products and, secondarily, from bedroom furniture.
70GF Score
Get the complete analysis for HVT
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HVT has been successfully added to your 
