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ChewyMEX:CHWY 63 Graham Number is MXN72.22 as of Apr. 2026. GuruFocus rates MEX:CHWY with a GF Score™ of 63/100 and a GF Value™ of MXN571.03 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 764 Retail - Cyclical companies, Chewy ranks worse than 93.85% 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 (2026-09-01), the stock price of Chewy is MXN390.00. Chewy's graham number for the quarter that ended in Apr. 2026 was MXN72.22. Therefore, Chewy's Price to Graham Number ratio for today is 5.40.
The historical rank and industry rank for Chewy's Graham Number or its related term are showing as below:
MEX:CHWY'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.35 Med: 7.66 Max: 298.93
Current: 5.73
During the past 10 years, the highest Price to Graham Number ratio of Chewy was 298.93. The lowest was 3.35. And the median was 7.66.
MEX:CHWY's Price-to-Graham-Number is ranked worse than 93.85% of 764
companies
in the Retail - Cyclical industry
Industry Median: 1.225
vs MEX:CHWY: 5.73
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Chewy's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
390.00
/
72.22
=
5.40
* 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.
Chewy Graham Number Related Terms
Chewy Graham Number Historical Data
* Premium members only.
The historical data trend for Chewy'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:CHWY vs ETSY, CART, GLBE: Graham Number Comparison
For the Internet Retail subindustry, Chewy'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.
Chewy Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Chewy's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Chewy'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.
Chewy (MEX:CHWY) has a Graham Number of MXN72.22 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Chewy and its competitors. According to the industry distribution chart, Chewy ranks #717 out of 764 companies in the Retail - Cyclical industry, placing it in the top 93.8%.
Is Chewy's Graham Number too high?
Chewy's current Graham Number is MXN72.22. Based on the distribution chart, Chewy ranks #717 out of 764 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Chewy has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Chewy's Graham Number compare to ETSY and CART?
According to the Retail - Cyclical industry distribution chart, Chewy ranks #717 out of 764 companies for Graham Number. This places Chewy in the lower half of its industry. The industry median Graham Number is 1.23. 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.23, based on 764 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 Chewy and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chewy's current Graham Number is MXN72.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chewy stock overvalued right now?
Based on GuruFocus' analysis, Chewy (MEX:CHWY) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN571.03, compared to a current price of MXN390.00 — trading 31.7% below its estimated fair value. The current Graham Number is MXN72.22. Chewy's overall GF Score™ is 63/100 with 2 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 Chewy (MEX:CHWY), the current Graham Number is MXN72.22 as of Apr. 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 Chewy (MEX:CHWY) Overvalued in 2026?
Based on GuruFocus' analysis, Chewy stock appears to be undervalued.
The current stock price of MXN390.00 is trading 31.7% below its estimated GF Value™ of MXN571.03.
GuruFocus considers Chewy to be Significantly Undervalued.
Key valuation signals for MEX:CHWY:
Graham Number: MXN72.22
GF Value™: MXN571.03 vs. price of MXN390.00 (31.7% below fair value)
No single metric tells the full story. See the MEX:CHWY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chewy is the largest e-commerce petcare retailer in the US, generating $12.6 billion in fiscal 2025 sales across pet food, treats, hard goods, and pharmacy categories. The firm was founded in 2011, acquired by PetSmart in 2017, and tapped public markets as a stand-alone company in 2019 after spending time developing under the aegis of the pet superstore chain. The firm generates sales from pet food, treats, over-the-counter medications, medical prescription fulfillment, veterinary care, membership fees, sponsored ads, and hard goods like crates, leashes, and bowls.
63GF Score
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