Mermaid Maritime PCLMMMPF +2.56%47 Graham Number is $0.12 as of Mar. 2026, which is 83% below its 10-year median of 0.69. GuruFocus rates MMMPF with a GF Score™ of 47/100 and a GF Value™ of $0.06 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 605 Oil & Gas companies, Mermaid Maritime PCL ranks better than 75.21% 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 (2026-07-12), the stock price of Mermaid Maritime PCL is $0.08. Mermaid Maritime PCL's graham number for the quarter that ended in Mar. 2026 was $0.12. Therefore, Mermaid Maritime PCL's Price to Graham Number ratio for today is 0.68.
The historical rank and industry rank for Mermaid Maritime PCL's Graham Number or its related term are showing as below:
MMMPF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.44 Med: 0.69 Max: 2.15
Current: 0.73
During the past 13 years, the highest Price to Graham Number ratio of Mermaid Maritime PCL was 2.15. The lowest was 0.44. And the median was 0.69.
MMMPF's Price-to-Graham-Number is ranked better than 75.21% of 605
companies
in the Oil & Gas industry
Industry Median: 1.06
vs MMMPF: 0.73
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Mermaid Maritime PCL (OTCPK:MMMPF) 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.
Mermaid Maritime PCL's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.08
/
0.12
=
0.68
* 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.
Mermaid Maritime PCL Graham Number Related Terms
Mermaid Maritime PCL Graham Number Historical Data
* Premium members only.
The historical data trend for Mermaid Maritime PCL'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.
For the Oil & Gas Equipment & Services subindustry, Mermaid Maritime PCL'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.
Mermaid Maritime PCL Price-to-Graham-Number vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Mermaid Maritime PCL's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Mermaid Maritime PCL'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.
Mermaid Maritime PCL (MMMPF) has a Graham Number of $0.12 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Mermaid Maritime PCL and its competitors. This is 83% below median its historical median of 0.69. Over the past decade, Mermaid Maritime PCL's Graham Number has ranged from 0.44 to 2.15. According to the industry distribution chart, Mermaid Maritime PCL ranks #150 out of 605 companies in the Oil & Gas industry, placing it in the top 24.8%.
Is Mermaid Maritime PCL's Graham Number too high?
Mermaid Maritime PCL's current Graham Number of $0.12 is 83% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 2.15. The Oil & Gas industry median Graham Number is 1.06. Mermaid Maritime PCL's value of $0.12 is 88.7% below this industry median. Based on the distribution chart, Mermaid Maritime PCL ranks #150 out of 605 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Mermaid Maritime PCL has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mermaid Maritime PCL's Graham Number compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Mermaid Maritime PCL ranks #150 out of 605 companies for Graham Number. This places Mermaid Maritime PCL in the top 25% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.06. Mermaid Maritime PCL's value of $0.12 is 88.7% below this benchmark. Historically, Mermaid Maritime PCL's own Graham Number has ranged from 0.44 to 2.15 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.06, Mermaid Maritime PCL has consistently been below 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 an Oil & Gas company?
The median Graham Number among Oil & Gas companies is 1.06, based on 605 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. Mermaid Maritime PCL's current Graham Number of $0.12 is 88.7% below 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 Mermaid Maritime PCL and its competitors. For the Oil & Gas industry, the median Graham Number is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mermaid Maritime PCL's current Graham Number is $0.12, which is 83% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mermaid Maritime PCL stock overvalued right now?
Based on GuruFocus' analysis, Mermaid Maritime PCL (MMMPF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.06, compared to a current price of $0.08 — trading 33.3% above its estimated fair value. The current Graham Number is $0.12, which is 83% below median its 10-year median of 0.69 and 88.7% below the Oil & Gas industry median of 1.06. Mermaid Maritime PCL's overall GF Score™ is 47/100 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 Mermaid Maritime PCL (MMMPF), the current Graham Number is $0.12 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 Mermaid Maritime PCL (MMMPF) Overvalued in 2026?
Based on GuruFocus' analysis, Mermaid Maritime PCL stock appears to be overvalued.
The current stock price of $0.08 is trading 33.3% above its estimated GF Value™ of $0.06.
GuruFocus considers Mermaid Maritime PCL to be Significantly Overvalued.
Key valuation signals for MMMPF:
Graham Number: $0.12 (83% below median its 10-year median of 0.69)
GF Value™: $0.06 vs. price of $0.08 (33.3% above fair value)
Industry Position: 88.7% below the Oil & Gas median (#150 of 605)
No single metric tells the full story. See the MMMPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mermaid Maritime PCL is a subsea and offshore drilling services company. It provides full turnkey services to oil and gas majors operating offshore such as subsea vessels, specialized diving equipment, remotely operated vehicles, and drilling and accommodation rigs. Its segments are the Subsea Group and Holding. The Subsea group, which is the key revenue driver, provides services including inspection, repair, and maintenance (IRM), infrastructure installation support, remotely operated vehicle (ROV) Support, and cable and flexible pipe laying. The company has a presence across the world and Saudi Arabia is the highest income generator.
47GF Score
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