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.
Liquidmetal TechnologiesLQMT +3.98%28 Graham Number is $N/A as of Jun. 2026. GuruFocus rates LQMT with a GF Score™ of 28/100. The stock has 4 warning signs investors should review. Among 2,216 Industrial Products companies, Liquidmetal Technologies ranks worse than 45126.31% 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 Liquidmetal Technologies's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Liquidmetal Technologies was 1.79. The lowest was 1.21. And the median was 1.50.
LQMT's Price-to-Graham-Number is not ranked *
in the Industrial Products industry.
Industry Median: 1.8 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Liquidmetal Technologies (OTCPK:LQMT) 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.
Liquidmetal Technologies's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
0.24549
/
N/A
=
N/A
* 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.
Liquidmetal Technologies Graham Number Related Terms
Liquidmetal Technologies 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.
For the Metal Fabrication subindustry, Liquidmetal Technologies'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.
Liquidmetal Technologies Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Liquidmetal Technologies's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Liquidmetal Technologies'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.
Liquidmetal Technologies (LQMT) has a Graham Number of $N/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Liquidmetal Technologies and its competitors. Over the past decade, Liquidmetal Technologies' Graham Number has ranged from 1.21 to 1.79. According to the industry distribution chart, Liquidmetal Technologies ranks #999999 out of 2216 companies in the Industrial Products industry.
Is Liquidmetal Technologies' Graham Number too high?
Liquidmetal Technologies' current Graham Number is $N/A. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 1.79. Based on the distribution chart, Liquidmetal Technologies ranks #999999 out of 2216 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Liquidmetal Technologies has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Liquidmetal Technologies' Graham Number compare to TG and AP?
According to the Industrial Products industry distribution chart, Liquidmetal Technologies ranks #999999 out of 2216 companies for Graham Number. This places Liquidmetal Technologies in the lower half of its industry. The industry median Graham Number is 1.80. Historically, Liquidmetal Technologies' own Graham Number has ranged from 1.21 to 1.79 over the past decade. 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 Industrial Products company?
The median Graham Number among Industrial Products companies is 1.80, based on 2,216 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. 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 Liquidmetal Technologies and its competitors. For the Industrial Products industry, the median Graham Number is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liquidmetal Technologies's current Graham Number is $N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liquidmetal Technologies stock overvalued right now?
Liquidmetal Technologies (LQMT) has a current Graham Number of $N/A. The current Graham Number is $N/A. Liquidmetal Technologies' overall GF Score™ is 28/100 with 4 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 Liquidmetal Technologies (LQMT), the current Graham Number is $N/A 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.
Liquidmetal Technologies Inc is a materials technology and manufacturing company that develops and commercializes products made from amorphous alloys. The alloys consist of a variety of proprietary bulk alloys and composites that utilize the advantages offered by amorphous alloy technology. Amorphous alloys are, in general, materials that are distinguished by their ability to retain a random atomic structure when they solidify, in contrast to the crystalline atomic structure that forms in other metals and alloys when it is solidify. Its product application spreads across various industries which includes aerospace components, defense parts, medical devices, sporting goods, leisure products, automotive components, and industrial machines.
28GF Score
Get the complete analysis for LQMT
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
LQMT has been successfully added to your 
