Kodiak Gas ServicesKGS +1.09%47 Graham Number is $17.12 as of Mar. 2026, which is 503% above its 10-year median of 2.84. GuruFocus rates KGS with a GF Score™ of 47/100 and a GF Value™ of $37.56 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 605 Oil & Gas companies, Kodiak Gas Services ranks worse than 92.89% 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 (2026-07-08), the stock price of Kodiak Gas Services is $68.75. Kodiak Gas Services's graham number for the quarter that ended in Mar. 2026 was $17.12. Therefore, Kodiak Gas Services's Price to Graham Number ratio for today is 4.01.
The historical rank and industry rank for Kodiak Gas Services's Graham Number or its related term are showing as below:
KGS'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.05 Med: 2.84 Max: 4.37
Current: 4.02
During the past 5 years, the highest Price to Graham Number ratio of Kodiak Gas Services was 4.37. The lowest was 2.05. And the median was 2.84.
KGS's Price-to-Graham-Number is ranked worse than 92.89% of 605
companies
in the Oil & Gas industry
Industry Median: 1.05
vs KGS: 4.02
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Kodiak Gas Services (NYSE:KGS) 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.
Kodiak Gas Services's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
68.75
/
17.12
=
4.01
* 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.
Kodiak Gas Services Graham Number Related Terms
Kodiak Gas Services Graham Number Historical Data
* Premium members only.
The historical data trend for Kodiak Gas Services'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 Oil & Gas Equipment & Services subindustry, Kodiak Gas Services'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.
Kodiak Gas Services Price-to-Graham-Number vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Kodiak Gas Services's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Kodiak Gas Services'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.
Kodiak Gas Services (KGS) has a Graham Number of $17.12 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kodiak Gas Services and its competitors. This is 503% above median its historical median of 2.84. Over the past decade, Kodiak Gas Services' Graham Number has ranged from 2.05 to 4.37. According to the industry distribution chart, Kodiak Gas Services ranks #562 out of 605 companies in the Oil & Gas industry, placing it in the top 92.9%.
Is Kodiak Gas Services' Graham Number too high?
Kodiak Gas Services' current Graham Number of $17.12 is 503% above median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 2.05 to a high of 4.37. The Oil & Gas industry median Graham Number is 1.05. Kodiak Gas Services' value of $17.12 is 1530.5% above this industry median. Based on the distribution chart, Kodiak Gas Services ranks #562 out of 605 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Kodiak Gas Services has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kodiak Gas Services' Graham Number compare to AROC and NOV?
According to the Oil & Gas industry distribution chart, Kodiak Gas Services ranks #562 out of 605 companies for Graham Number. This places Kodiak Gas Services in the lower half of its industry. The industry median Graham Number is 1.05. Kodiak Gas Services' value of $17.12 is 1530.5% above this benchmark. Historically, Kodiak Gas Services' own Graham Number has ranged from 2.05 to 4.37 over the past decade. While the company's 10-year median is 2.84 vs. the industry median of 1.05, Kodiak Gas Services 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 1.05, based on 605 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. Kodiak Gas Services's current Graham Number of $17.12 is 1530.5% 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 Kodiak Gas Services and its competitors. For the Oil & Gas industry, the median Graham Number is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kodiak Gas Services's current Graham Number is $17.12, which is 503% above median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kodiak Gas Services stock overvalued right now?
Based on GuruFocus' analysis, Kodiak Gas Services (KGS) is currently considered Significantly Overvalued. The stock's GF Value™ is $37.56, compared to a current price of $68.75 — trading 83% above its estimated fair value. The current Graham Number is $17.12, which is 503% above median its 10-year median of 2.84 and 1530.5% above the Oil & Gas industry median of 1.05. Kodiak Gas Services' overall GF Score™ is 47/100 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 Kodiak Gas Services (KGS), the current Graham Number is $17.12 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 Kodiak Gas Services (KGS) Overvalued in 2026?
Based on GuruFocus' analysis, Kodiak Gas Services stock appears to be overvalued.
The current stock price of $68.75 is trading 83% above its estimated GF Value™ of $37.56.
GuruFocus considers Kodiak Gas Services to be Significantly Overvalued.
Key valuation signals for KGS:
Graham Number: $17.12 (503% above median its 10-year median of 2.84)
GF Value™: $37.56 vs. price of $68.75 (83% above fair value)
Industry Position: 1530.5% above the Oil & Gas median (#562 of 605)
No single metric tells the full story. See the KGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kodiak Gas Services Inc is an operator of contract compression infrastructure in the United States. The company manages its business through two operating segments: Contract Services and Other Services. Contract Services consists of operating company-owned and customer-owned compression, gas treating, and cooling infrastructure, pursuant to fixed-revenue contracts to enable the production and gathering of natural gas and oil. Other Services consist of a full range of contract services to support the ancillary needs of customers, including station construction, maintenance and overhaul, freight and crane charges, and other time and material-based offerings. Maximum revenue for the company is generated from its Contract Services segment.
47GF Score
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