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What is Lee & Man Paper Manufacturing Graham Number?
Lee & Man Paper ManufacturingLMPMY 69 Graham Number is $10.81 as of Dec. 2025, which is 1865% above its 10-year median of 0.55. GuruFocus rates LMPMY with a GF Score™ of 69/100 and a GF Value™ of $3.04 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 172 Forest Products companies, Lee & Man Paper Manufacturing ranks better than 87.79% 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 Lee & Man Paper Manufacturing's Graham Number or its related term are showing as below:
LMPMY'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.33 Med: 0.55 Max: 0.86
Current: 0.37
During the past 13 years, the highest Price to Graham Number ratio of Lee & Man Paper Manufacturing was 0.86. The lowest was 0.33. And the median was 0.55.
LMPMY's Price-to-Graham-Number is ranked better than 87.79% of 172
companies
in the Forest Products industry
Industry Median: 0.905
vs LMPMY: 0.37
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Lee & Man Paper Manufacturing (OTCPK:LMPMY) 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.
Lee & Man Paper Manufacturing's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
3.75
/
10.81
=
0.35
* 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.
Lee & Man Paper Manufacturing Graham Number Related Terms
Lee & Man Paper Manufacturing 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.
Lee & Man Paper Manufacturing Graham Number Competitor Comparison
For the Paper & Paper Products subindustry, Lee & Man Paper Manufacturing'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.
Lee & Man Paper Manufacturing Price-to-Graham-Number vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Lee & Man Paper Manufacturing's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Lee & Man Paper Manufacturing'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.
Lee & Man Paper Manufacturing (LMPMY) has a Graham Number of $10.81 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Lee & Man Paper Manufacturing and its competitors. This is 1865% above median its historical median of 0.55. Over the past decade, Lee & Man Paper Manufacturing's Graham Number has ranged from 0.33 to 0.86. According to the industry distribution chart, Lee & Man Paper Manufacturing ranks #21 out of 172 companies in the Forest Products industry, placing it in the top 12.2%.
Is Lee & Man Paper Manufacturing's Graham Number too high?
Lee & Man Paper Manufacturing's current Graham Number of $10.81 is 1865% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 0.86. The Forest Products industry median Graham Number is 0.91. Lee & Man Paper Manufacturing's value of $10.81 is 1094.5% above this industry median. Based on the distribution chart, Lee & Man Paper Manufacturing ranks #21 out of 172 companies in the Forest Products industry, which is in the top quartile — a strong position relative to peers. Overall, Lee & Man Paper Manufacturing has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lee & Man Paper Manufacturing's Graham Number compare to competitors?
According to the Forest Products industry distribution chart, Lee & Man Paper Manufacturing ranks #21 out of 172 companies for Graham Number. This places Lee & Man Paper Manufacturing in the top 12% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.91. Lee & Man Paper Manufacturing's value of $10.81 is 1094.5% above this benchmark. Historically, Lee & Man Paper Manufacturing's own Graham Number has ranged from 0.33 to 0.86 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.91, Lee & Man Paper Manufacturing 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 Forest Products company?
The median Graham Number among Forest Products companies is 0.91, based on 172 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. Lee & Man Paper Manufacturing's current Graham Number of $10.81 is 1094.5% 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 Lee & Man Paper Manufacturing and its competitors. For the Forest Products industry, the median Graham Number is 0.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lee & Man Paper Manufacturing's current Graham Number is $10.81, which is 1865% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lee & Man Paper Manufacturing stock overvalued right now?
Based on GuruFocus' analysis, Lee & Man Paper Manufacturing (LMPMY) is currently considered Modestly Overvalued. The stock's GF Value™ is $3.04, compared to a current price of $3.75 — trading 23.4% above its estimated fair value. The current Graham Number is $10.81, which is 1865% above median its 10-year median of 0.55 and 1094.5% above the Forest Products industry median of 0.91. Lee & Man Paper Manufacturing's overall GF Score™ is 69/100 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 Lee & Man Paper Manufacturing (LMPMY), the current Graham Number is $10.81 as of Dec. 2025. 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 Lee & Man Paper Manufacturing (LMPMY) Overvalued in 2026?
Based on GuruFocus' analysis, Lee & Man Paper Manufacturing stock appears to be overvalued.
The current stock price of $3.75 is trading 23.4% above its estimated GF Value™ of $3.04.
GuruFocus considers Lee & Man Paper Manufacturing to be Modestly Overvalued.
Key valuation signals for LMPMY:
Graham Number: $10.81 (1865% above median its 10-year median of 0.55)
GF Value™: $3.04 vs. price of $3.75 (23.4% above fair value)
Industry Position: 1094.5% above the Forest Products median (#21 of 172)
No single metric tells the full story. See the LMPMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lee & Man Paper Manufacturing Business Description
Lee & Man Paper Manufacturing Ltd is an investment holding company engaged in the manufacturing and trading of paper and pulp. Its segments are Packaging Paper, Pulp, and Tissue paper. The majority of the revenue is generated from the packaging paper segment that covers the production of kraft liner board, test liner board, coated duplex board, white top liner board, and strength corrugating medium. Its products include Wood pulp products, Boxboard paper products, Pink Gray Card Products, and Toilet Paper Products. The company generates maximum revenue from PRC, and also has its presence in Malaysia; Vietnam; and Hong Kong, Macau and others.
69GF Score
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