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Howmet AerospaceMEX:HWM 69 Graham Number is MXN275.78 as of Mar. 2026, which is 100% below its 10-year median of 15.13. GuruFocus rates MEX:HWM with a GF Score™ of 69/100 and a GF Value™ of MXN2,458.47 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 216 Aerospace & Defense companies, Howmet Aerospace ranks worse than 97.69% 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 (2026-07-15), the stock price of Howmet Aerospace is MXN4840.00. Howmet Aerospace's graham number for the quarter that ended in Mar. 2026 was MXN275.78. Therefore, Howmet Aerospace's Price to Graham Number ratio for today is 17.55.
The historical rank and industry rank for Howmet Aerospace's Graham Number or its related term are showing as below:
MEX:HWM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.3 Med: 15.13 Max: 74.91
Current: 18.22
During the past 12 years, the highest Price to Graham Number ratio of Howmet Aerospace was 74.91. The lowest was 3.30. And the median was 15.13.
MEX:HWM's Price-to-Graham-Number is ranked worse than 97.69% of 216
companies
in the Aerospace & Defense industry
Industry Median: 3.035
vs MEX:HWM: 18.22
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Howmet Aerospace (MEX:HWM) 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.
Howmet Aerospace's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4840.00
/
275.78
=
17.55
* 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.
Howmet Aerospace Graham Number Related Terms
Howmet Aerospace Graham Number Historical Data
* Premium members only.
The historical data trend for Howmet Aerospace'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.
For the Aerospace & Defense subindustry, Howmet Aerospace'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.
Howmet Aerospace Price-to-Graham-Number vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Howmet Aerospace's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Howmet Aerospace'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.
Howmet Aerospace (MEX:HWM) has a Graham Number of MXN275.78 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Howmet Aerospace and its competitors. This is 1723% above median its historical median of 15.13. Over the past decade, Howmet Aerospace's Graham Number has ranged from 3.30 to 74.91. According to the industry distribution chart, Howmet Aerospace ranks #211 out of 216 companies in the Aerospace & Defense industry, placing it in the top 97.7%.
Is Howmet Aerospace's Graham Number too high?
Howmet Aerospace's current Graham Number of MXN275.78 is 1723% above median its 10-year median of 15.13. Over the past 10 years, this metric has ranged from a low of 3.30 to a high of 74.91. Based on the distribution chart, Howmet Aerospace ranks #211 out of 216 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Howmet Aerospace has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Howmet Aerospace's Graham Number compare to LMT and GD?
According to the Aerospace & Defense industry distribution chart, Howmet Aerospace ranks #211 out of 216 companies for Graham Number. This places Howmet Aerospace in the lower half of its industry. The industry median Graham Number is 3.04. Historically, Howmet Aerospace's own Graham Number has ranged from 3.30 to 74.91 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 Aerospace & Defense company?
The median Graham Number among Aerospace & Defense companies is 3.04, based on 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 Howmet Aerospace and its competitors. For the Aerospace & Defense industry, the median Graham Number is 3.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Howmet Aerospace's current Graham Number is MXN275.78, which is 1723% above median its own 10-year median of 15.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Howmet Aerospace stock overvalued right now?
Based on GuruFocus' analysis, Howmet Aerospace (MEX:HWM) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN2,458.47, compared to a current price of MXN4,840.00 — trading 96.9% above its estimated fair value. The current Graham Number is MXN275.78, which is 1723% above median its 10-year median of 15.13. Howmet Aerospace's overall GF Score™ is 69/100 with 6 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 Howmet Aerospace (MEX:HWM), the current Graham Number is MXN275.78 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 Howmet Aerospace (MEX:HWM) Overvalued in 2026?
Based on GuruFocus' analysis, Howmet Aerospace stock appears to be overvalued.
The current stock price of MXN4,840.00 is trading 96.9% above its estimated GF Value™ of MXN2,458.47.
GuruFocus considers Howmet Aerospace to be Significantly Overvalued.
Key valuation signals for MEX:HWM:
Graham Number: MXN275.78 (1723% above median its 10-year median of 15.13)
GF Value™: MXN2,458.47 vs. price of MXN4,840.00 (96.9% above fair value)
No single metric tells the full story. See the MEX:HWM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Howmet Aerospace Inc offers engineered solutions for the aerospace and transportation industries. The company's products and solutions include investment castings for jet engines and industrial gas turbines; seamless rolled rings for jet engines; fastening systems for aerospace, industrial and commercial transportation applications; forged jet engine components (e.g., jet engine disks); machined and forged aircraft parts; and forged aluminum commercial vehicle wheels, all of which are sold directly to customers or through distributors. It has four reportable segments: Engine Products, which derives key revenue, Fastening Systems, Engineered Structures, and Forged Wheels. Geographically, the company derives maximum revenue from the USA, followed by France, Japan, Germany, and other markets.
69GF Score
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