Boston Beer CoMEX:SAM 69 Graham Number is MXN1,977.09 as of Mar. 2026, which is 100% below its 10-year median of 2.94. GuruFocus rates MEX:SAM with a GF Score™ of 69/100 and a GF Value™ of MXN5,503.45 (Significantly Undervalued). Among 135 Beverages - Alcoholic companies, Boston Beer Co ranks worse than 57.78% 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 (2026-07-05), the stock price of Boston Beer Co is MXN3295.00. Boston Beer Co's graham number for the quarter that ended in Mar. 2026 was MXN1,977.09. Therefore, Boston Beer Co's Price to Graham Number ratio for today is 1.67.
The historical rank and industry rank for Boston Beer Co's Graham Number or its related term are showing as below:
MEX:SAM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.4 Med: 2.94 Max: 7.07
Current: 1.7
During the past 13 years, the highest Price to Graham Number ratio of Boston Beer Co was 7.07. The lowest was 1.40. And the median was 2.94.
MEX:SAM's Price-to-Graham-Number is ranked worse than 57.78% of 135
companies
in the Beverages - Alcoholic industry
Industry Median: 1.43
vs MEX:SAM: 1.70
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Boston Beer Co (MEX:SAM) 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.
Boston Beer Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
3295.00
/
1,977.09
=
1.67
* 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.
Boston Beer Co Graham Number Related Terms
Boston Beer Co Graham Number Historical Data
* Premium members only.
The historical data trend for Boston Beer Co'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:SAM vs TAP, BUD, STZ: Graham Number Comparison
For the Beverages - Brewers subindustry, Boston Beer Co'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.
Boston Beer Co Price-to-Graham-Number vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Boston Beer Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Boston Beer Co'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.
Boston Beer Co (MEX:SAM) has a Graham Number of MXN1,977.09 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Boston Beer Co and its competitors. This is 67148% above median its historical median of 2.94. Over the past decade, Boston Beer Co's Graham Number has ranged from 1.40 to 7.07. According to the industry distribution chart, Boston Beer Co ranks #78 out of 135 companies in the Beverages - Alcoholic industry, placing it in the top 57.8%.
Is Boston Beer Co's Graham Number too high?
Boston Beer Co's current Graham Number of MXN1,977.09 is 67148% above median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 1.40 to a high of 7.07. Based on the distribution chart, Boston Beer Co ranks #78 out of 135 companies in the Beverages - Alcoholic industry, which is below the industry midpoint. Overall, Boston Beer Co has a GF Score™ of 69/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boston Beer Co's Graham Number compare to TAP and BUD?
According to the Beverages - Alcoholic industry distribution chart, Boston Beer Co ranks #78 out of 135 companies for Graham Number. This places Boston Beer Co in the lower half of its industry. The industry median Graham Number is 1.43. Historically, Boston Beer Co's own Graham Number has ranged from 1.40 to 7.07 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 a Beverages - Alcoholic company?
The median Graham Number among Beverages - Alcoholic companies is 1.43, based on 135 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 Boston Beer Co and its competitors. For the Beverages - Alcoholic industry, the median Graham Number is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boston Beer Co's current Graham Number is MXN1,977.09, which is 67148% above median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boston Beer Co stock overvalued right now?
Based on GuruFocus' analysis, Boston Beer Co (MEX:SAM) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN5,503.45, compared to a current price of MXN3,295.00 — trading 40.1% below its estimated fair value. The current Graham Number is MXN1,977.09, which is 67148% above median its 10-year median of 2.94. Boston Beer Co's overall GF Score™ is 69/100. 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 Boston Beer Co (MEX:SAM), the current Graham Number is MXN1,977.09 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 Boston Beer Co (MEX:SAM) Overvalued in 2026?
Based on GuruFocus' analysis, Boston Beer Co stock appears to be undervalued.
The current stock price of MXN3,295.00 is trading 40.1% below its estimated GF Value™ of MXN5,503.45.
GuruFocus considers Boston Beer Co to be Significantly Undervalued.
Key valuation signals for MEX:SAM:
Graham Number: MXN1,977.09 (67148% above median its 10-year median of 2.94)
GF Value™: MXN5,503.45 vs. price of MXN3,295.00 (40.1% below fair value)
No single metric tells the full story. See the MEX:SAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boston Beer is a top player in high-end malt beverages and adjacent categories in the US, with strong positions in craft beer, flavored malt beverages, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands: Samuel Adams, Angry Orchard, Twisted Tea, and Truly. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets, including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates almost all sales in the US.
69GF Score
Get the complete analysis for MEX:SAM
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