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Intrepid PotashIPI +1.78%69 Graham Number is $34.98 as of Jun. 2026, which is 3506% above its 10-year median of 0.97. GuruFocus rates IPI with a GF Score™ of 69/100 and a GF Value™ of $28.19 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 192 Agriculture companies, Intrepid Potash ranks better than 56.77% 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 (2026-08-16), the stock price of Intrepid Potash is $36.62. Intrepid Potash's graham number for the quarter that ended in Jun. 2026 was $34.98. Therefore, Intrepid Potash's Price to Graham Number ratio for today is 1.05.
The historical rank and industry rank for Intrepid Potash's Graham Number or its related term are showing as below:
IPI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.34 Med: 0.97 Max: 2.04
Current: 1.05
During the past 13 years, the highest Price to Graham Number ratio of Intrepid Potash was 2.04. The lowest was 0.34. And the median was 0.97.
IPI's Price-to-Graham-Number is ranked better than 56.77% of 192
companies
in the Agriculture industry
Industry Median: 1.145
vs IPI: 1.05
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Intrepid Potash (NYSE:IPI) 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.
Intrepid Potash's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
36.62
/
34.98
=
1.05
* 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.
Intrepid Potash Graham Number Related Terms
Intrepid Potash Graham Number Historical Data
* Premium members only.
The historical data trend for Intrepid Potash'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 Agricultural Inputs subindustry, Intrepid Potash'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.
Intrepid Potash Price-to-Graham-Number vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Intrepid Potash's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Intrepid Potash'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.
Intrepid Potash (IPI) has a Graham Number of $34.98 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Intrepid Potash and its competitors. This is 3506% above median its historical median of 0.97. Over the past decade, Intrepid Potash's Graham Number has ranged from 0.34 to 2.04. According to the industry distribution chart, Intrepid Potash ranks #83 out of 192 companies in the Agriculture industry, placing it in the top 43.2%.
Is Intrepid Potash's Graham Number too high?
Intrepid Potash's current Graham Number of $34.98 is 3506% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 2.04. The Agriculture industry median Graham Number is 1.15. Intrepid Potash's value of $34.98 is 2955% above this industry median. Based on the distribution chart, Intrepid Potash ranks #83 out of 192 companies in the Agriculture industry, which is above the industry midpoint. Overall, Intrepid Potash has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Intrepid Potash's Graham Number compare to VRDR and AVD?
According to the Agriculture industry distribution chart, Intrepid Potash ranks #83 out of 192 companies for Graham Number. This puts Intrepid Potash in the upper half of its industry. The industry median Graham Number is 1.15. Intrepid Potash's value of $34.98 is 2955% above this benchmark. Historically, Intrepid Potash's own Graham Number has ranged from 0.34 to 2.04 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 1.15, Intrepid Potash 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 Agriculture company?
The median Graham Number among Agriculture companies is 1.15, based on 192 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. Intrepid Potash's current Graham Number of $34.98 is 2955% 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 Intrepid Potash and its competitors. For the Agriculture industry, the median Graham Number is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Intrepid Potash's current Graham Number is $34.98, which is 3506% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Intrepid Potash stock overvalued right now?
Based on GuruFocus' analysis, Intrepid Potash (IPI) is currently considered Modestly Overvalued. The stock's GF Value™ is $28.19, compared to a current price of $36.62 — trading 29.9% above its estimated fair value. The current Graham Number is $34.98, which is 3506% above median its 10-year median of 0.97 and 2955% above the Agriculture industry median of 1.15. Intrepid Potash's overall GF Score™ is 69/100 with 5 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 Intrepid Potash (IPI), the current Graham Number is $34.98 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 Intrepid Potash (IPI) Overvalued in 2026?
Based on GuruFocus' analysis, Intrepid Potash stock appears to be overvalued.
The current stock price of $36.62 is trading 29.9% above its estimated GF Value™ of $28.19.
GuruFocus considers Intrepid Potash to be Modestly Overvalued.
Key valuation signals for IPI:
Graham Number: $34.98 (3506% above median its 10-year median of 0.97)
GF Value™: $28.19 vs. price of $36.62 (29.9% above fair value)
Industry Position: 2955% above the Agriculture median (#83 of 192)
No single metric tells the full story. See the IPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield Solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, saltwater disposal services, and trucking services. The vast majority of revenue is generated in the United States, where the firm's production facilities are located.
69GF Score
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