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.
The historical rank and industry rank for Maui Land & Pineapple Co's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Maui Land & Pineapple Co was 19.05. The lowest was 1.46. And the median was 4.21.
MLP's Price-to-Graham-Number is not ranked *
in the Real Estate industry.
Industry Median: 0.74 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Maui Land & Pineapple Co (NYSE:MLP) 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.
Maui Land & Pineapple Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
17.50
/
N/A
=
N/A
* 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.
Maui Land & Pineapple Co Graham Number Related Terms
Maui Land & Pineapple Co Graham Number Historical Data
* 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 Real Estate Services subindustry, Maui Land & Pineapple 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.
Maui Land & Pineapple Co Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Maui Land & Pineapple Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Maui Land & Pineapple 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.
Maui Land & Pineapple Co (MLP) has a Graham Number of $N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Maui Land & Pineapple Co and its competitors. Over the past decade, Maui Land & Pineapple Co's Graham Number has ranged from 1.46 to 19.05. According to the industry distribution chart, Maui Land & Pineapple Co ranks #999999 out of 1168 companies in the Real Estate industry.
Is Maui Land & Pineapple Co's Graham Number too high?
Maui Land & Pineapple Co's current Graham Number is $N/A. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 19.05. Based on the distribution chart, Maui Land & Pineapple Co ranks #999999 out of 1168 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Maui Land & Pineapple Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maui Land & Pineapple Co's Graham Number compare to REAX and TCI?
According to the Real Estate industry distribution chart, Maui Land & Pineapple Co ranks #999999 out of 1168 companies for Graham Number. This places Maui Land & Pineapple Co in the lower half of its industry. The industry median Graham Number is 0.74. Historically, Maui Land & Pineapple Co's own Graham Number has ranged from 1.46 to 19.05 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,168 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 Maui Land & Pineapple Co and its competitors. For the Real Estate industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maui Land & Pineapple Co's current Graham Number is $N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maui Land & Pineapple Co stock overvalued right now?
Based on GuruFocus' analysis, Maui Land & Pineapple Co (MLP) is currently considered Modestly Undervalued. The stock's GF Value™ is $24.82, compared to a current price of $17.50 — trading 29.5% below its estimated fair value. The current Graham Number is $N/A. Maui Land & Pineapple Co's overall GF Score™ is 63/100 with 2 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 Maui Land & Pineapple Co (MLP), the current Graham Number is $N/A 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 Maui Land & Pineapple Co (MLP) Overvalued in 2026?
Based on GuruFocus' analysis, Maui Land & Pineapple Co stock appears to be undervalued.
The current stock price of $17.50 is trading 29.5% below its estimated GF Value™ of $24.82.
GuruFocus considers Maui Land & Pineapple Co to be Modestly Undervalued.
Key valuation signals for MLP:
Graham Number: $N/A
GF Value™: $24.82 vs. price of $17.50 (29.5% below fair value)
No single metric tells the full story. See the MLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maui Land & Pineapple Co Inc is a landholding and operating parent company that owns land and commercial property on the island of Maui, Hawaii. The Company puts its assets into productive use by planning, managing, developing, and selling residential, resort, commercial, agricultural, and industrial real estate. Its segments include land development and sales, which cover land planning, entitlement, development, construction, and sales of land assets; leasing, which generates revenue from real property leasing, license fees and royalties, and includes maintenance of real estate assets, conservation activities, and management of water systems in West and Upcountry Maui; and resort amenities, which include a membership program offering benefits within the Kapalua Resort.
63GF Score
Get the complete analysis for MLP
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