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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 MasterCraft Boat Holdings's Graham Number or its related term are showing as below:
MCFT'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.8 Med: 1.27 Max: 3.1
Current: 1.43
During the past 13 years, the highest Price to Graham Number ratio of MasterCraft Boat Holdings was 3.10. The lowest was 0.80. And the median was 1.27.
MCFT's Price-to-Graham-Number is ranked worse than 60.99% of 987
companies
in the Vehicles & Parts industry
Industry Median: 1.14
vs MCFT: 1.43
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
MasterCraft Boat Holdings (NAS:MCFT) 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.
MasterCraft Boat Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
22.87
/
15.98
=
1.43
* 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.
MasterCraft Boat Holdings Graham Number Related Terms
MasterCraft Boat Holdings 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 Recreational Vehicles subindustry, MasterCraft Boat Holdings'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.
MasterCraft Boat Holdings Price-to-Graham-Number vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, MasterCraft Boat Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where MasterCraft Boat Holdings'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.
MasterCraft Boat Holdings (MCFT) has a Graham Number of $15.98 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on MasterCraft Boat Holdings and its competitors. According to the industry distribution chart, MasterCraft Boat Holdings ranks #602 out of 987 companies in the Vehicles & Parts industry, placing it in the top 61%.
Is MasterCraft Boat Holdings' Graham Number too high?
MasterCraft Boat Holdings' current Graham Number is $15.98. The Vehicles & Parts industry median Graham Number is 1.14. MasterCraft Boat Holdings' value of $15.98 is 1301.8% above this industry median. Based on the distribution chart, MasterCraft Boat Holdings ranks #602 out of 987 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, MasterCraft Boat Holdings has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MasterCraft Boat Holdings' Graham Number compare to MBUU and WGO?
According to the Vehicles & Parts industry distribution chart, MasterCraft Boat Holdings ranks #602 out of 987 companies for Graham Number. This places MasterCraft Boat Holdings in the lower half of its industry. The industry median Graham Number is 1.14. MasterCraft Boat Holdings' value of $15.98 is 1301.8% above this benchmark. 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 Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.14, based on 987 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. MasterCraft Boat Holdings's current Graham Number of $15.98 is 1301.8% 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 MasterCraft Boat Holdings and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MasterCraft Boat Holdings's current Graham Number is $15.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MasterCraft Boat Holdings stock overvalued right now?
Based on GuruFocus' analysis, MasterCraft Boat Holdings (MCFT) is currently considered Fairly Valued. The stock's GF Value™ is $21.58, compared to a current price of $22.87 — trading 6% above its estimated fair value. The current Graham Number is $15.98 and 1301.8% above the Vehicles & Parts industry median of 1.14. MasterCraft Boat Holdings' overall GF Score™ is 83/100 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 MasterCraft Boat Holdings (MCFT), the current Graham Number is $15.98 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 MasterCraft Boat Holdings (MCFT) Overvalued in 2026?
Based on GuruFocus' analysis, MasterCraft Boat Holdings stock appears to be overvalued.
The current stock price of $22.87 is trading 6% above its estimated GF Value™ of $21.58.
GuruFocus considers MasterCraft Boat Holdings to be Fairly Valued.
Key valuation signals for MCFT:
Graham Number: $15.98
GF Value™: $21.58 vs. price of $22.87 (6% above fair value)
Industry Position: 1301.8% above the Vehicles & Parts median (#602 of 987)
No single metric tells the full story. See the MCFT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MasterCraft Boat Holdings Inc designs, manufactures, and markets performance sport boats and outboard boats. The company is based in the United States and operates in three brand-specific segments. The MasterCraft segment generates the majority of the company's revenue and includes inboard boats for water skiing, wakeboarding, and wake surfing. The Pontoon segment produces pontoon boats at its Owosso, Michigan facility. Pontoon boats are used for general recreational boating. The Aviara segment produces luxury day boats at its Merritt Island, Florida facility. Aviara boats are used for general recreational boating.
83GF Score
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