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Anglo AmericanNGLOY -4.50%58 Graham Number is $7.04 as of Dec. 2025, which is 864% above its 10-year median of 0.73. GuruFocus rates NGLOY with a GF Score™ of 58/100 and a GF Value™ of $11.01 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 610 Metals & Mining companies, Anglo American ranks worse than 87.87% 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 (2026-07-15), the stock price of Anglo American is $23.75. Anglo American's graham number for the quarter that ended in Dec. 2025 was $7.04. Therefore, Anglo American's Price to Graham Number ratio for today is 3.37.
The historical rank and industry rank for Anglo American's Graham Number or its related term are showing as below:
NGLOY'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.62 Med: 0.73 Max: 3.47
Current: 3.33
During the past 13 years, the highest Price to Graham Number ratio of Anglo American was 3.47. The lowest was 0.62. And the median was 0.73.
NGLOY's Price-to-Graham-Number is ranked worse than 87.87% of 610
companies
in the Metals & Mining industry
Industry Median: 1.27
vs NGLOY: 3.33
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Anglo American (OTCPK:NGLOY) 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.
Anglo American's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
23.75
/
7.04
=
3.37
* 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.
Anglo American Graham Number Related Terms
Anglo American Graham Number Historical Data
* Premium members only.
The historical data trend for Anglo American'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.
Anglo American Graham Number Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Anglo American'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.
Anglo American Price-to-Graham-Number vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Anglo American's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Anglo American'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.
Anglo American (NGLOY) has a Graham Number of $7.04 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Anglo American and its competitors. This is 864% above median its historical median of 0.73. Over the past decade, Anglo American's Graham Number has ranged from 0.62 to 3.47. According to the industry distribution chart, Anglo American ranks #536 out of 610 companies in the Metals & Mining industry, placing it in the top 87.9%.
Is Anglo American's Graham Number too high?
Anglo American's current Graham Number of $7.04 is 864% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 3.47. The Metals & Mining industry median Graham Number is 1.27. Anglo American's value of $7.04 is 454.3% above this industry median. Based on the distribution chart, Anglo American ranks #536 out of 610 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Anglo American has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anglo American's Graham Number compare to competitors?
According to the Metals & Mining industry distribution chart, Anglo American ranks #536 out of 610 companies for Graham Number. This places Anglo American in the lower half of its industry. The industry median Graham Number is 1.27. Anglo American's value of $7.04 is 454.3% above this benchmark. Historically, Anglo American's own Graham Number has ranged from 0.62 to 3.47 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 1.27, Anglo American 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 Metals & Mining company?
The median Graham Number among Metals & Mining companies is 1.27, based on 610 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. Anglo American's current Graham Number of $7.04 is 454.3% 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 Anglo American and its competitors. For the Metals & Mining industry, the median Graham Number is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anglo American's current Graham Number is $7.04, which is 864% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anglo American stock overvalued right now?
Based on GuruFocus' analysis, Anglo American (NGLOY) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.01, compared to a current price of $23.75 — trading 115.7% above its estimated fair value. The current Graham Number is $7.04, which is 864% above median its 10-year median of 0.73 and 454.3% above the Metals & Mining industry median of 1.27. Anglo American's overall GF Score™ is 58/100 with 8 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 Anglo American (NGLOY), the current Graham Number is $7.04 as of Dec. 2025. 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 Anglo American (NGLOY) Overvalued in 2026?
Based on GuruFocus' analysis, Anglo American stock appears to be overvalued.
The current stock price of $23.75 is trading 115.7% above its estimated GF Value™ of $11.01.
GuruFocus considers Anglo American to be Significantly Overvalued.
Key valuation signals for NGLOY:
Graham Number: $7.04 (864% above median its 10-year median of 0.73)
GF Value™: $11.01 vs. price of $23.75 (115.7% above fair value)
Industry Position: 454.3% above the Metals & Mining median (#536 of 610)
No single metric tells the full story. See the NGLOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Previously one of the more diversified major miners, in May 2024 Anglo American announced that it will restructure to focus on copper, iron ore, and crop nutrients, while selling or spinning off its other businesses. It sold out of platinum group metals in September 2025, and will likely sell or demerge and spin off its majority-owned De Beers diamonds business, in most years the world's largest supplier and marketer of rough gem diamonds by value. It is again trying to sell its remaining metallurgical coal mines after Peabody pulled out of a deal to buy them. Anglo also plans to move back into the crop nutrients business via its Woodsmith polyhalite project in the UK. In September 2025, it also agreed to merge with Teck, with the deal likely to complete in late 2026 or early 2027.
58GF Score
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