Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Oxford IndustriesOXM +2.86%65 Graham Number is $22.80 as of Apr. 2026, which is 1160% above its 10-year median of 1.81. GuruFocus rates OXM with a GF Score™ of 65/100 and a GF Value™ of $79.47 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 709 Manufacturing - Apparel & Accessories companies, Oxford Industries ranks worse than 71.51% 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 (2026-07-16), the stock price of Oxford Industries is $39.54. Oxford Industries's graham number for the quarter that ended in Apr. 2026 was $22.80. Therefore, Oxford Industries's Price to Graham Number ratio for today is 1.73.
The historical rank and industry rank for Oxford Industries's Graham Number or its related term are showing as below:
OXM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.85 Med: 1.81 Max: 5
Current: 1.72
During the past 13 years, the highest Price to Graham Number ratio of Oxford Industries was 5.00. The lowest was 0.85. And the median was 1.81.
OXM's Price-to-Graham-Number is ranked worse than 71.51% of 709
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.03
vs OXM: 1.72
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Oxford Industries (NYSE:OXM) 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.
Oxford Industries's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
39.54
/
22.80
=
1.73
* 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.
Oxford Industries Graham Number Related Terms
Oxford Industries Graham Number Historical Data
* Premium members only.
The historical data trend for Oxford Industries'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 Apparel Manufacturing subindustry, Oxford Industries'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.
Oxford Industries Price-to-Graham-Number vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Oxford Industries's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Oxford Industries'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.
Oxford Industries (OXM) has a Graham Number of $22.80 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Oxford Industries and its competitors. This is 1160% above median its historical median of 1.81. Over the past decade, Oxford Industries' Graham Number has ranged from 0.85 to 5.00. According to the industry distribution chart, Oxford Industries ranks #507 out of 709 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 71.5%.
Is Oxford Industries' Graham Number too high?
Oxford Industries' current Graham Number of $22.80 is 1160% above median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 0.85 to a high of 5.00. The Manufacturing - Apparel & Accessories industry median Graham Number is 1.03. Oxford Industries' value of $22.80 is 2113.6% above this industry median. Based on the distribution chart, Oxford Industries ranks #507 out of 709 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Oxford Industries has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Oxford Industries' Graham Number compare to SGC and JXG?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Oxford Industries ranks #507 out of 709 companies for Graham Number. This places Oxford Industries in the lower half of its industry. The industry median Graham Number is 1.03. Oxford Industries' value of $22.80 is 2113.6% above this benchmark. Historically, Oxford Industries' own Graham Number has ranged from 0.85 to 5.00 over the past decade. While the company's 10-year median is 1.81 vs. the industry median of 1.03, Oxford Industries 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 Manufacturing - Apparel & Accessories company?
The median Graham Number among Manufacturing - Apparel & Accessories companies is 1.03, based on 709 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. Oxford Industries's current Graham Number of $22.80 is 2113.6% 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 Oxford Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Graham Number is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oxford Industries's current Graham Number is $22.80, which is 1160% above median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oxford Industries stock overvalued right now?
Based on GuruFocus' analysis, Oxford Industries (OXM) is currently considered Possible Value Trap. The stock's GF Value™ is $79.47, compared to a current price of $39.54 — trading 50.2% below its estimated fair value. The current Graham Number is $22.80, which is 1160% above median its 10-year median of 1.81 and 2113.6% above the Manufacturing - Apparel & Accessories industry median of 1.03. Oxford Industries' overall GF Score™ is 65/100 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 Oxford Industries (OXM), the current Graham Number is $22.80 as of Apr. 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 Oxford Industries (OXM) Overvalued in 2026?
Based on GuruFocus' analysis, Oxford Industries stock appears to be undervalued.
The current stock price of $39.54 is trading 50.2% below its estimated GF Value™ of $79.47.
GuruFocus considers Oxford Industries to be Possible Value Trap.
Key valuation signals for OXM:
Graham Number: $22.80 (1160% above median its 10-year median of 1.81)
GF Value™: $79.47 vs. price of $39.54 (50.2% below fair value)
Industry Position: 2113.6% above the Manufacturing - Apparel & Accessories median (#507 of 709)
No single metric tells the full story. See the OXM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oxford Industries Inc is an apparel manufacturing company that designs, sources, markets, and distributes products under the brand name Tommy Bahama, and Lilly Pulitzer. Tommy Bahama designs, sources, markets, and distributes men's and women's sportswear and related products. Lilly Pulitzer designs, sources, markets, and distributes upscale collections of women's and women's dresses, sportswear, and related products. The company's business is organized as: Tommy Bahama, Lilly Pulitzer, Johnny Was and Emerging Brands reportable segments. Geographically, the company operates in United States as well as Internationally.
65GF Score
Get the complete analysis for OXM
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OXM has been successfully added to your 
