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MGP IngredientsMGPI +3.27%57 Graham Number is $30.08 as of Jun. 2026, which is 1108% above its 10-year median of 2.49. GuruFocus rates MGPI with a GF Score™ of 57/100 and a GF Value™ of $25.13 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 136 Beverages - Alcoholic companies, MGP Ingredients ranks better than 88.24% 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 (2026-08-05), the stock price of MGP Ingredients is $17.68. MGP Ingredients's graham number for the quarter that ended in Jun. 2026 was $30.08. Therefore, MGP Ingredients's Price to Graham Number ratio for today is 0.59.
The historical rank and industry rank for MGP Ingredients's Graham Number or its related term are showing as below:
MGPI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.56 Med: 2.49 Max: 4.13
Current: 0.59
During the past 13 years, the highest Price to Graham Number ratio of MGP Ingredients was 4.13. The lowest was 0.56. And the median was 2.49.
MGPI's Price-to-Graham-Number is ranked better than 88.24% of 136
companies
in the Beverages - Alcoholic industry
Industry Median: 1.48
vs MGPI: 0.59
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
MGP Ingredients (NAS:MGPI) 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.
MGP Ingredients's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
17.68
/
30.08
=
0.59
* 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.
MGP Ingredients Graham Number Related Terms
MGP Ingredients Graham Number Historical Data
* Premium members only.
The historical data trend for MGP Ingredients'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.
MGPI vs AGCC, SNDL, CWGL: Graham Number Comparison
For the Beverages - Wineries & Distilleries subindustry, MGP Ingredients'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.
MGP Ingredients Price-to-Graham-Number vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, MGP Ingredients's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where MGP Ingredients'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.
MGP Ingredients (MGPI) has a Graham Number of $30.08 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on MGP Ingredients and its competitors. This is 1108% above median its historical median of 2.49. Over the past decade, MGP Ingredients' Graham Number has ranged from 0.56 to 4.13. According to the industry distribution chart, MGP Ingredients ranks #16 out of 136 companies in the Beverages - Alcoholic industry, placing it in the top 11.8%.
Is MGP Ingredients' Graham Number too high?
MGP Ingredients' current Graham Number of $30.08 is 1108% above median its 10-year median of 2.49. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 4.13. The Beverages - Alcoholic industry median Graham Number is 1.48. MGP Ingredients' value of $30.08 is 1932.4% above this industry median. Based on the distribution chart, MGP Ingredients ranks #16 out of 136 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, MGP Ingredients has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MGP Ingredients' Graham Number compare to AGCC and SNDL?
According to the Beverages - Alcoholic industry distribution chart, MGP Ingredients ranks #16 out of 136 companies for Graham Number. This places MGP Ingredients in the top 12% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.48. MGP Ingredients' value of $30.08 is 1932.4% above this benchmark. Historically, MGP Ingredients' own Graham Number has ranged from 0.56 to 4.13 over the past decade. While the company's 10-year median is 2.49 vs. the industry median of 1.48, MGP Ingredients has consistently been above the industry average. 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 1.48, based on 136 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. MGP Ingredients's current Graham Number of $30.08 is 1932.4% above the industry median. 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 MGP Ingredients and its competitors. For the Beverages - Alcoholic industry, the median Graham Number is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGP Ingredients's current Graham Number is $30.08, which is 1108% above median its own 10-year median of 2.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGP Ingredients stock overvalued right now?
Based on GuruFocus' analysis, MGP Ingredients (MGPI) is currently considered Possible Value Trap. The stock's GF Value™ is $25.13, compared to a current price of $17.68 — trading 29.6% below its estimated fair value. The current Graham Number is $30.08, which is 1108% above median its 10-year median of 2.49 and 1932.4% above the Beverages - Alcoholic industry median of 1.48. MGP Ingredients' overall GF Score™ is 57/100 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 MGP Ingredients (MGPI), the current Graham Number is $30.08 as of Jun. 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 MGP Ingredients (MGPI) Overvalued in 2026?
Based on GuruFocus' analysis, MGP Ingredients stock appears to be undervalued.
The current stock price of $17.68 is trading 29.6% below its estimated GF Value™ of $25.13.
GuruFocus considers MGP Ingredients to be Possible Value Trap.
Key valuation signals for MGPI:
Graham Number: $30.08 (1108% above median its 10-year median of 2.49)
GF Value™: $25.13 vs. price of $17.68 (29.6% below fair value)
Industry Position: 1932.4% above the Beverages - Alcoholic median (#16 of 136)
No single metric tells the full story. See the MGPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGP Ingredients Inc is a producer and supplier of distilled spirits, specialty wheat protein, and starch food ingredients based in the United States. It operates in three reportable segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Maximum revenue is generated from the Branded Spirits segment, which consists of a portfolio of brands that it produces through its distilleries and bottling facilities and sells to distributors or to state governments that directly control the sale of alcohol. MGP's branded spirits include various brands across numerous categories and price tiers, such as Penelope Bourbon, Yellowstone Bourbon, Minor Case Straight Rye Whiskey, Brady's Irish Cream, Exotico Tequila, Arrow Cordials, Canada House Canadian Whisky, Lady Bligh Rum, etc.
57GF Score
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