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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.
As of today (2026-09-15), the stock price of AGNC Investment is MXN174.00. AGNC Investment's graham number for the quarter that ended in Jun. 2026 was MXN340.25. Therefore, AGNC Investment's Price to Graham Number ratio for today is 0.51.
The historical rank and industry rank for AGNC Investment's Graham Number or its related term are showing as below:
MEX:AGNC'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36 Med: 0.67 Max: 9.14
Current: 0.53
During the past 13 years, the highest Price to Graham Number ratio of AGNC Investment was 9.14. The lowest was 0.36. And the median was 0.67.
MEX:AGNC's Price-to-Graham-Number is ranked better than 72.75% of 734
companies
in the REITs industry
Industry Median: 0.7
vs MEX:AGNC: 0.53
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
AGNC Investment (MEX:AGNC) 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.
AGNC Investment's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
174.00
/
340.25
=
0.51
* 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.
AGNC Investment Graham Number Related Terms
AGNC Investment Graham Number Historical Data
* Premium members only.
The historical data trend for AGNC Investment'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.
MEX:AGNC vs NLY, STWD, RITM: Graham Number Comparison
For the REIT - Mortgage subindustry, AGNC Investment'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.
AGNC Investment Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, AGNC Investment's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where AGNC Investment'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.
AGNC Investment (MEX:AGNC) has a Graham Number of MXN340.25 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on AGNC Investment and its competitors. According to the industry distribution chart, AGNC Investment ranks #200 out of 734 companies in the REITs industry, placing it in the top 27.2%.
Is AGNC Investment's Graham Number too high?
AGNC Investment's current Graham Number is MXN340.25. Based on the distribution chart, AGNC Investment ranks #200 out of 734 companies in the REITs industry, which is above the industry midpoint. Overall, AGNC Investment has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AGNC Investment's Graham Number compare to NLY and STWD?
According to the REITs industry distribution chart, AGNC Investment ranks #200 out of 734 companies for Graham Number. This puts AGNC Investment in the upper half of its industry. The industry median Graham Number is 0.70. 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 REITs company?
The median Graham Number among REITs companies is 0.70, based on 734 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 AGNC Investment and its competitors. For the REITs industry, the median Graham Number is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AGNC Investment's current Graham Number is MXN340.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AGNC Investment stock overvalued right now?
Based on GuruFocus' analysis, AGNC Investment (MEX:AGNC) is currently considered Possible Value Trap. The stock's GF Value™ is MXN336.28, compared to a current price of MXN174.00 — trading 48.3% below its estimated fair value. The current Graham Number is MXN340.25. AGNC Investment's overall GF Score™ is 48/100 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 AGNC Investment (MEX:AGNC), the current Graham Number is MXN340.25 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.
Is AGNC Investment (MEX:AGNC) Overvalued in 2026?
Based on GuruFocus' analysis, AGNC Investment stock appears to be undervalued.
The current stock price of MXN174.00 is trading 48.3% below its estimated GF Value™ of MXN336.28.
GuruFocus considers AGNC Investment to be Possible Value Trap.
Key valuation signals for MEX:AGNC:
Graham Number: MXN340.25
GF Value™: MXN336.28 vs. price of MXN174.00 (48.3% below fair value)
No single metric tells the full story. See the MEX:AGNC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AGNC Investment Corp is a real estate investment trust that invests in agency residential mortgage-backed securities. The firm's asset portfolio is comprised of residential mortgage pass-through securities and collateralized mortgage obligations for which the principal and interest payments are guaranteed by a U.S. Government-sponsored enterprise, such as the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, or by a U.S. Government agency, such as the Government National Mortgage Association. It also invests in other types of mortgage and mortgage-related residential and commercial mortgage-backed securities or other investments in or related to, the housing, mortgage, or real estate markets.
48GF Score
Get the complete analysis for MEX:AGNC
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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