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Everspin TechnologiesMRAM +5.35%58 Graham Number is $2.95 as of Jun. 2026, which is 30% above its 10-year median of 2.27. GuruFocus rates MRAM with a GF Score™ of 58/100 and a GF Value™ of $7.88 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 658 Semiconductors companies, Everspin Technologies ranks worse than 60.18% 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.
Everspin Technologies (NAS:MRAM) 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.
Everspin Technologies's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
16.53
/
2.95
=
5.60
* 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.
Everspin Technologies Graham Number Related Terms
Everspin Technologies Graham Number Historical Data
* Premium members only.
The historical data trend for Everspin Technologies'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.
MRAM vs ALMU, QUIK, GSIT: Graham Number Comparison
For the Semiconductors subindustry, Everspin Technologies'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.
Everspin Technologies Price-to-Graham-Number vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Everspin Technologies's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Everspin Technologies'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.
Everspin Technologies (MRAM) has a Graham Number of $2.95 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Everspin Technologies and its competitors. This is 30% above median its historical median of 2.27. Over the past decade, Everspin Technologies' Graham Number has ranged from 1.35 to 8.20. According to the industry distribution chart, Everspin Technologies ranks #396 out of 658 companies in the Semiconductors industry, placing it in the top 60.2%.
Is Everspin Technologies' Graham Number too high?
Everspin Technologies' current Graham Number of $2.95 is 30% above median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 8.20. The Semiconductors industry median Graham Number is 2.75. Everspin Technologies' value of $2.95 is 7.5% above this industry median. Based on the distribution chart, Everspin Technologies ranks #396 out of 658 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Everspin Technologies has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Everspin Technologies' Graham Number compare to ALMU and QUIK?
According to the Semiconductors industry distribution chart, Everspin Technologies ranks #396 out of 658 companies for Graham Number. This places Everspin Technologies in the lower half of its industry. The industry median Graham Number is 2.75. Everspin Technologies' value of $2.95 is 7.5% above this benchmark. Historically, Everspin Technologies' own Graham Number has ranged from 1.35 to 8.20 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 2.75, Everspin Technologies 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 Semiconductors company?
The median Graham Number among Semiconductors companies is 2.75, based on 658 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. Everspin Technologies's current Graham Number of $2.95 is 7.5% 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 Everspin Technologies and its competitors. For the Semiconductors industry, the median Graham Number is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Everspin Technologies's current Graham Number is $2.95, which is 30% above median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Everspin Technologies stock overvalued right now?
Based on GuruFocus' analysis, Everspin Technologies (MRAM) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.88, compared to a current price of $16.53 — trading 109.8% above its estimated fair value. The current Graham Number is $2.95, which is 30% above median its 10-year median of 2.27 and 7.5% above the Semiconductors industry median of 2.75. Everspin Technologies' overall GF Score™ is 58/100 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 Everspin Technologies (MRAM), the current Graham Number is $2.95 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 Everspin Technologies (MRAM) Overvalued in 2026?
Based on GuruFocus' analysis, Everspin Technologies stock appears to be overvalued.
The current stock price of $16.53 is trading 109.8% above its estimated GF Value™ of $7.88.
GuruFocus considers Everspin Technologies to be Significantly Overvalued.
Key valuation signals for MRAM:
Graham Number: $2.95 (30% above median its 10-year median of 2.27)
GF Value™: $7.88 vs. price of $16.53 (109.8% above fair value)
Industry Position: 7.5% above the Semiconductors median (#396 of 658)
No single metric tells the full story. See the MRAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Everspin Technologies Inc is a manufacturer of Magnetoresistive Random Access Memory (MRAM) technology. The company manufactures MRAM products using both captive and third-party manufacturing capabilities. It purchases industry-standard complementary metal-oxide semiconductor (CMOS) wafers from semiconductor foundries and perform back end of line (BEOL) processing that includes magnetic-bit technology at leased 200mm fabrication facility in Chandler, Arizona. It also manufactures full-flow 300mm CMOS wafers with STT-MRAM magnetic-bit technology integrated in BEOL. The company's customers are in key markets, such as industrial, medical, automotive/transportation, aerospace, and data center.
58GF Score
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