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SemtechMEX:SMTC -5.83%55 Graham Number is MXN77.87 as of Apr. 2026, which is 100% below its 10-year median of 4.43. GuruFocus rates MEX:SMTC with a GF Score™ of 55/100 and a GF Value™ of MXN668.53 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 659 Semiconductors companies, Semtech ranks worse than 98.94% 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 (2026-07-28), the stock price of Semtech is MXN2100.00. Semtech's graham number for the quarter that ended in Apr. 2026 was MXN77.87. Therefore, Semtech's Price to Graham Number ratio for today is 26.97.
The historical rank and industry rank for Semtech's Graham Number or its related term are showing as below:
MEX:SMTC'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.46 Med: 4.43 Max: 27.76
Current: 27.76
During the past 13 years, the highest Price to Graham Number ratio of Semtech was 27.76. The lowest was 1.46. And the median was 4.43.
MEX:SMTC's Price-to-Graham-Number is ranked worse than 98.94% of 659
companies
in the Semiconductors industry
Industry Median: 2.74
vs MEX:SMTC: 27.76
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Semtech (MEX:SMTC) 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.
Semtech's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
2100.00
/
77.87
=
26.97
* 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.
Semtech Graham Number Related Terms
Semtech Graham Number Historical Data
* Premium members only.
The historical data trend for Semtech'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:SMTC vs RMBS, SIMO, SWKS: Graham Number Comparison
For the Semiconductors subindustry, Semtech'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.
Semtech Price-to-Graham-Number vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Semtech's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Semtech'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.
Semtech (MEX:SMTC) has a Graham Number of MXN77.87 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Semtech and its competitors. This is 1658% above median its historical median of 4.43. Over the past decade, Semtech's Graham Number has ranged from 1.46 to 27.76. According to the industry distribution chart, Semtech ranks #652 out of 659 companies in the Semiconductors industry, placing it in the top 98.9%.
Is Semtech's Graham Number too high?
Semtech's current Graham Number of MXN77.87 is 1658% above median its 10-year median of 4.43. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 27.76. Based on the distribution chart, Semtech ranks #652 out of 659 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Semtech has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Semtech's Graham Number compare to RMBS and SIMO?
According to the Semiconductors industry distribution chart, Semtech ranks #652 out of 659 companies for Graham Number. This places Semtech in the lower half of its industry. The industry median Graham Number is 2.74. Historically, Semtech's own Graham Number has ranged from 1.46 to 27.76 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 Semiconductors company?
The median Graham Number among Semiconductors companies is 2.74, based on 659 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 Semtech and its competitors. For the Semiconductors industry, the median Graham Number is 2.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Semtech's current Graham Number is MXN77.87, which is 1658% above median its own 10-year median of 4.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Semtech stock overvalued right now?
Based on GuruFocus' analysis, Semtech (MEX:SMTC) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN668.53, compared to a current price of MXN2,100.00 — trading 214.1% above its estimated fair value. The current Graham Number is MXN77.87, which is 1658% above median its 10-year median of 4.43. Semtech's overall GF Score™ is 55/100 with 5 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 Semtech (MEX:SMTC), the current Graham Number is MXN77.87 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 Semtech (MEX:SMTC) Overvalued in 2026?
Based on GuruFocus' analysis, Semtech stock appears to be overvalued.
The current stock price of MXN2,100.00 is trading 214.1% above its estimated GF Value™ of MXN668.53.
GuruFocus considers Semtech to be Significantly Overvalued.
Key valuation signals for MEX:SMTC:
Graham Number: MXN77.87 (1658% above median its 10-year median of 4.43)
GF Value™: MXN668.53 vs. price of MXN2,100.00 (214.1% above fair value)
No single metric tells the full story. See the MEX:SMTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Semtech Corp is a provider of high-performance semiconductors powering data center networking, Internet of Things ("IoT") connectivity, and cellular infrastructure solutions. The company designs, develops, manufactures, and markets a diverse portfolio of products for commercial applications, addressing the infrastructure, high-end consumer, and industrial end markets. The company operates in four reportable segments: Signal Integrity, Analog Mixed Signal and Wireless, IoT Systems, and Connected Services. The majority of the company's revenue is earned through the Analog Mixed Signal and Wireless segment. Geographically, the majority of the company's revenue is earned from the Asia Pacific region; the company also operates in North America and Europe.
55GF Score
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