Constellation BrandsLTS:0REP 67 Graham Number is CHF21.47 as of May. 2026, which is 100% below its 10-year median of 5.23. GuruFocus rates LTS:0REP with a GF Score™ of 67/100 and a GF Value™ of CHF273.01. The stock has 3 warning signs investors should review. Among 135 Beverages - Alcoholic companies, Constellation Brands ranks worse than 88.89% 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 (2026-07-09), the stock price of Constellation Brands is CHF196.35848. Constellation Brands's graham number for the quarter that ended in May. 2026 was CHF21.47. Therefore, Constellation Brands's Price to Graham Number ratio for today is 9.15.
The historical rank and industry rank for Constellation Brands's Graham Number or its related term are showing as below:
LTS:0REP'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 4.04 Med: 5.23 Max: 9.43
Current: 4.79
During the past 13 years, the highest Price to Graham Number ratio of Constellation Brands was 9.43. The lowest was 4.04. And the median was 5.23.
LTS:0REP's Price-to-Graham-Number is ranked worse than 88.89% of 135
companies
in the Beverages - Alcoholic industry
Industry Median: 1.37
vs LTS:0REP: 4.79
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Constellation Brands (LTS:0REP) 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.
Constellation Brands's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: May. 2026 )
=
196.35848
/
21.47
=
9.15
* 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.
Constellation Brands Graham Number Related Terms
Constellation Brands Graham Number Historical Data
* Premium members only.
The historical data trend for Constellation Brands'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.
LTS:0REP vs TAP, SAM, BUD: Graham Number Comparison
For the Beverages - Brewers subindustry, Constellation Brands'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.
Constellation Brands Price-to-Graham-Number vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Constellation Brands's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Constellation Brands'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.
Constellation Brands (LTS:0REP) has a Graham Number of CHF21.47 as of May. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Constellation Brands and its competitors. This is 311% above median its historical median of 5.23. Over the past decade, Constellation Brands' Graham Number has ranged from 4.04 to 9.43. According to the industry distribution chart, Constellation Brands ranks #120 out of 135 companies in the Beverages - Alcoholic industry, placing it in the top 88.9%.
Is Constellation Brands' Graham Number too high?
Constellation Brands' current Graham Number of CHF21.47 is 311% above median its 10-year median of 5.23. Over the past 10 years, this metric has ranged from a low of 4.04 to a high of 9.43. Based on the distribution chart, Constellation Brands ranks #120 out of 135 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Constellation Brands has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Constellation Brands' Graham Number compare to TAP and SAM?
According to the Beverages - Alcoholic industry distribution chart, Constellation Brands ranks #120 out of 135 companies for Graham Number. This places Constellation Brands in the lower half of its industry. The industry median Graham Number is 1.37. Historically, Constellation Brands' own Graham Number has ranged from 4.04 to 9.43 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 a Beverages - Alcoholic company?
The median Graham Number among Beverages - Alcoholic companies is 1.37, based on 135 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 Constellation Brands and its competitors. For the Beverages - Alcoholic industry, the median Graham Number is 1.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Constellation Brands's current Graham Number is CHF21.47, which is 311% above median its own 10-year median of 5.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Constellation Brands stock overvalued right now?
Constellation Brands (LTS:0REP) has a current Graham Number of CHF21.47. The stock's GF Value™ is CHF273.01, compared to a current price of CHF196.36 — trading 28.1% below its estimated fair value. The current Graham Number is CHF21.47, which is 311% above median its 10-year median of 5.23. Constellation Brands' overall GF Score™ is 67/100 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 Constellation Brands (LTS:0REP), the current Graham Number is CHF21.47 as of May. 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 Constellation Brands (LTS:0REP) Overvalued in 2026?
Based on GuruFocus' analysis, Constellation Brands stock appears to be undervalued.
The current stock price of CHF196.36 is trading 28.1% below its estimated GF Value™ of CHF273.01.
Key valuation signals for LTS:0REP:
Graham Number: CHF21.47 (311% above median its 10-year median of 5.23)
GF Value™: CHF273.01 vs. price of CHF196.36 (28.1% below fair value)
No single metric tells the full story. See the LTS:0REP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Constellation Brands is the largest provider of alcoholic beverages across the beer, wine, and spirits categories in the US, generating more than 90% of revenue from Mexican beer imports under top-selling brands such as Modelo and Corona. The rest of the business includes some remaining wine and spirits brands, categories where the company has pruned assets in recent years. With its exclusive rights tied to the Mexican beer brands effective only in the US, the firm has limited revenue exposure to international markets. Constellation owns a 10% stake in Canopy Growth, a medicinal and recreational cannabis producer in Canada, and has a 50/50 joint venture with glass manufacturer Owens-Illinois in Mexico.
67GF Score
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