Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Par Pacific HoldingsMEX:PARR 59 Graham Number is MXN1,402.71 as of Mar. 2026, which is 100% below its 10-year median of 0.97. GuruFocus rates MEX:PARR with a GF Score™ of 59/100 and a GF Value™ of MXN485.59. The stock has 7 warning signs investors should review. Among 609 Oil & Gas companies, Par Pacific Holdings ranks better than 50.25% 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 (2026-07-30), the stock price of Par Pacific Holdings is MXN1123.30. Par Pacific Holdings's graham number for the quarter that ended in Mar. 2026 was MXN1,402.71. Therefore, Par Pacific Holdings's Price to Graham Number ratio for today is 0.80.
The historical rank and industry rank for Par Pacific Holdings's Graham Number or its related term are showing as below:
MEX:PARR'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.51 Med: 0.97 Max: 2.4
Current: 1.08
During the past 13 years, the highest Price to Graham Number ratio of Par Pacific Holdings was 2.40. The lowest was 0.51. And the median was 0.97.
MEX:PARR's Price-to-Graham-Number is ranked better than 50.25% of 609
companies
in the Oil & Gas industry
Industry Median: 1.08
vs MEX:PARR: 1.08
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Par Pacific Holdings (MEX:PARR) 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.
Par Pacific Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1123.30
/
1,402.71
=
0.80
* 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.
Par Pacific Holdings Graham Number Related Terms
Par Pacific Holdings Graham Number Historical Data
* Premium members only.
The historical data trend for Par Pacific Holdings'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:PARR vs DK, CVI, DKL: Graham Number Comparison
For the Oil & Gas Refining & Marketing subindustry, Par Pacific 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.
Par Pacific Holdings Price-to-Graham-Number vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Par Pacific Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Par Pacific 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.
Par Pacific Holdings (MEX:PARR) has a Graham Number of MXN1,402.71 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Par Pacific Holdings and its competitors. This is 144509% above median its historical median of 0.97. Over the past decade, Par Pacific Holdings' Graham Number has ranged from 0.51 to 2.40. According to the industry distribution chart, Par Pacific Holdings ranks #303 out of 609 companies in the Oil & Gas industry, placing it in the top 49.8%.
Is Par Pacific Holdings' Graham Number too high?
Par Pacific Holdings' current Graham Number of MXN1,402.71 is 144509% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 2.40. Based on the distribution chart, Par Pacific Holdings ranks #303 out of 609 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Par Pacific Holdings has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Par Pacific Holdings' Graham Number compare to DK and CVI?
According to the Oil & Gas industry distribution chart, Par Pacific Holdings ranks #303 out of 609 companies for Graham Number. This puts Par Pacific Holdings in the upper half of its industry. The industry median Graham Number is 1.08. Historically, Par Pacific Holdings' own Graham Number has ranged from 0.51 to 2.40 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 Oil & Gas company?
The median Graham Number among Oil & Gas companies is 1.08, based on 609 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 Par Pacific Holdings and its competitors. For the Oil & Gas industry, the median Graham Number is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Par Pacific Holdings's current Graham Number is MXN1,402.71, which is 144509% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Par Pacific Holdings stock overvalued right now?
Par Pacific Holdings (MEX:PARR) has a current Graham Number of MXN1,402.71. The stock's GF Value™ is MXN485.59, compared to a current price of MXN1,123.30 — trading 131.3% above its estimated fair value. The current Graham Number is MXN1,402.71, which is 144509% above median its 10-year median of 0.97. Par Pacific Holdings' overall GF Score™ is 59/100 with 7 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 Par Pacific Holdings (MEX:PARR), the current Graham Number is MXN1,402.71 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 Par Pacific Holdings (MEX:PARR) Overvalued in 2026?
Based on GuruFocus' analysis, Par Pacific Holdings stock appears to be overvalued.
The current stock price of MXN1,123.30 is trading 131.3% above its estimated GF Value™ of MXN485.59.
Key valuation signals for MEX:PARR:
Graham Number: MXN1,402.71 (144509% above median its 10-year median of 0.97)
GF Value™: MXN485.59 vs. price of MXN1,123.30 (131.3% above fair value)
No single metric tells the full story. See the MEX:PARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Par Pacific Holdings Inc is an oil and gas company that manages and maintains interests in energy and infrastructure businesses. The company has three reportable segments: Refining. Under its refining business, the company produces ultra-low-sulfur diesel, gasoline, jet fuel, marine fuel, LSFO, and other associated refined products. Its Retail includes operating licenses out brands to serve the retail consumer. Through the Logistics segment, crude shipments are delivered to the refineries, in addition to finished products that are exported. It generates maximum revenue from the Refining segment.
59GF Score
Get the complete analysis for MEX:PARR
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:PARR has been successfully added to your 
