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.
Cheniere EnergyLNG +2.55%80 Graham Number is $49.97 as of Mar. 2026, which is 2235% above its 10-year median of 2.14. GuruFocus rates LNG with a GF Score™ of 80/100 and a GF Value™ of $251.62 (Fairly Valued). The stock has 3 warning signs investors should review. Among 610 Oil & Gas companies, Cheniere Energy ranks worse than 94.59% 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 (2026-07-29), the stock price of Cheniere Energy is $258.61. Cheniere Energy's graham number for the quarter that ended in Mar. 2026 was $49.97. Therefore, Cheniere Energy's Price to Graham Number ratio for today is 5.18.
The historical rank and industry rank for Cheniere Energy's Graham Number or its related term are showing as below:
LNG'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.19 Med: 2.14 Max: 26.38
Current: 5.18
During the past 13 years, the highest Price to Graham Number ratio of Cheniere Energy was 26.38. The lowest was 1.19. And the median was 2.14.
LNG's Price-to-Graham-Number is ranked worse than 94.59% of 610
companies
in the Oil & Gas industry
Industry Median: 1.08
vs LNG: 5.18
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Cheniere Energy (NYSE:LNG) 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.
Cheniere Energy's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
258.61
/
49.97
=
5.18
* 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.
Cheniere Energy Graham Number Related Terms
Cheniere Energy Graham Number Historical Data
* Premium members only.
The historical data trend for Cheniere Energy'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 Midstream subindustry, Cheniere Energy'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.
Cheniere Energy Price-to-Graham-Number vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cheniere Energy's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Cheniere Energy'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.
Cheniere Energy (LNG) has a Graham Number of $49.97 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Cheniere Energy and its competitors. This is 2235% above median its historical median of 2.14. Over the past decade, Cheniere Energy's Graham Number has ranged from 1.19 to 26.38. According to the industry distribution chart, Cheniere Energy ranks #577 out of 610 companies in the Oil & Gas industry, placing it in the top 94.6%.
Is Cheniere Energy's Graham Number too high?
Cheniere Energy's current Graham Number of $49.97 is 2235% above median its 10-year median of 2.14. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 26.38. The Oil & Gas industry median Graham Number is 1.08. Cheniere Energy's value of $49.97 is 4526.9% above this industry median. Based on the distribution chart, Cheniere Energy ranks #577 out of 610 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Cheniere Energy has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Cheniere Energy's Graham Number compare to OKE and MPLX?
According to the Oil & Gas industry distribution chart, Cheniere Energy ranks #577 out of 610 companies for Graham Number. This places Cheniere Energy in the lower half of its industry. The industry median Graham Number is 1.08. Cheniere Energy's value of $49.97 is 4526.9% above this benchmark. Historically, Cheniere Energy's own Graham Number has ranged from 1.19 to 26.38 over the past decade. While the company's 10-year median is 2.14 vs. the industry median of 1.08, Cheniere Energy 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 1.08, based on 610 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. Cheniere Energy's current Graham Number of $49.97 is 4526.9% 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 Cheniere Energy and its competitors. For the Oil & Gas industry, the median Graham Number is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cheniere Energy's current Graham Number is $49.97, which is 2235% above median its own 10-year median of 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cheniere Energy stock overvalued right now?
Based on GuruFocus' analysis, Cheniere Energy (LNG) is currently considered Fairly Valued. The stock's GF Value™ is $251.62, compared to a current price of $258.61 — trading 2.8% above its estimated fair value. The current Graham Number is $49.97, which is 2235% above median its 10-year median of 2.14 and 4526.9% above the Oil & Gas industry median of 1.08. Cheniere Energy's overall GF Score™ is 80/100 with 3 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 Cheniere Energy (LNG), the current Graham Number is $49.97 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 Cheniere Energy (LNG) Overvalued in 2026?
Based on GuruFocus' analysis, Cheniere Energy stock appears to be overvalued.
The current stock price of $258.61 is trading 2.8% above its estimated GF Value™ of $251.62.
GuruFocus considers Cheniere Energy to be Fairly Valued.
Key valuation signals for LNG:
Graham Number: $49.97 (2235% above median its 10-year median of 2.14)
GF Value™: $251.62 vs. price of $258.61 (2.8% above fair value)
Industry Position: 4526.9% above the Oil & Gas median (#577 of 610)
No single metric tells the full story. See the LNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cheniere Energy is a liquified natural gas, or LNG, producer with two facilities in Corpus Christi, Texas and Sabine Pass, Louisiana. It generates most of its revenue through long-term contracts with customers on a fixed and variable fee payout structure. It also generates revenue by selling uncontracted LNG to customers on a short or one-time basis. A subsidiary, Cheniere Energy Partners, owns the Sabine Pass facility and trades as a master limited partnership.
80GF Score
Get the complete analysis for LNG
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
LNG has been successfully added to your 
