Ramelius ResourcesRMLRF +2.76%79 Graham Number is $2.26 as of Dec. 2025, which is 146% above its 10-year median of 0.92. GuruFocus rates RMLRF with a GF Score™ of 79/100 and a GF Value™ of $1.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 609 Metals & Mining companies, Ramelius Resources ranks better than 66.5% 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 (2026-07-06), the stock price of Ramelius Resources is $2.158. Ramelius Resources's graham number for the quarter that ended in Dec. 2025 was $2.26. Therefore, Ramelius Resources's Price to Graham Number ratio for today is 0.96.
The historical rank and industry rank for Ramelius Resources's Graham Number or its related term are showing as below:
RMLRF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.65 Med: 0.92 Max: 1.71
Current: 0.96
During the past 13 years, the highest Price to Graham Number ratio of Ramelius Resources was 1.71. The lowest was 0.65. And the median was 0.92.
RMLRF's Price-to-Graham-Number is ranked better than 66.5% of 609
companies
in the Metals & Mining industry
Industry Median: 1.31
vs RMLRF: 0.96
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Ramelius Resources (OTCPK:RMLRF) 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.
Ramelius Resources's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
2.158
/
2.26
=
0.96
* 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.
Ramelius Resources Graham Number Related Terms
Ramelius Resources Graham Number Historical Data
* Premium members only.
The historical data trend for Ramelius Resources'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 Gold subindustry, Ramelius Resources'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.
Ramelius Resources Price-to-Graham-Number vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Ramelius Resources's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Ramelius Resources'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.
Ramelius Resources (RMLRF) has a Graham Number of $2.26 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Ramelius Resources and its competitors. This is 146% above median its historical median of 0.92. Over the past decade, Ramelius Resources' Graham Number has ranged from 0.65 to 1.71. According to the industry distribution chart, Ramelius Resources ranks #204 out of 609 companies in the Metals & Mining industry, placing it in the top 33.5%.
Is Ramelius Resources' Graham Number too high?
Ramelius Resources' current Graham Number of $2.26 is 146% above median its 10-year median of 0.92. Over the past 10 years, this metric has ranged from a low of 0.65 to a high of 1.71. The Metals & Mining industry median Graham Number is 1.31. Ramelius Resources' value of $2.26 is 72.5% above this industry median. Based on the distribution chart, Ramelius Resources ranks #204 out of 609 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Ramelius Resources has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ramelius Resources' Graham Number compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Ramelius Resources ranks #204 out of 609 companies for Graham Number. This puts Ramelius Resources in the upper half of its industry. The industry median Graham Number is 1.31. Ramelius Resources' value of $2.26 is 72.5% above this benchmark. Historically, Ramelius Resources' own Graham Number has ranged from 0.65 to 1.71 over the past decade. While the company's 10-year median is 0.92 vs. the industry median of 1.31, Ramelius Resources 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 1.31, based on 609 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. Ramelius Resources's current Graham Number of $2.26 is 72.5% 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 Ramelius Resources and its competitors. For the Metals & Mining industry, the median Graham Number is 1.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramelius Resources's current Graham Number is $2.26, which is 146% above median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramelius Resources stock overvalued right now?
Based on GuruFocus' analysis, Ramelius Resources (RMLRF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.18, compared to a current price of $2.16 — trading 82.9% above its estimated fair value. The current Graham Number is $2.26, which is 146% above median its 10-year median of 0.92 and 72.5% above the Metals & Mining industry median of 1.31. Ramelius Resources' overall GF Score™ is 79/100 with 3 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 Ramelius Resources (RMLRF), the current Graham Number is $2.26 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 Ramelius Resources (RMLRF) Overvalued in 2026?
Based on GuruFocus' analysis, Ramelius Resources stock appears to be overvalued.
The current stock price of $2.16 is trading 82.9% above its estimated GF Value™ of $1.18.
GuruFocus considers Ramelius Resources to be Significantly Overvalued.
Key valuation signals for RMLRF:
Graham Number: $2.26 (146% above median its 10-year median of 0.92)
GF Value™: $1.18 vs. price of $2.16 (82.9% above fair value)
Industry Position: 72.5% above the Metals & Mining median (#204 of 609)
No single metric tells the full story. See the RMLRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ramelius Resources Ltd is a gold exploration and production company with exploration activities focused in Western Australia. The company also explores for base metals. The company has three segments: Mt Magnet, involving mining and processing of gold from the Mt Magnet region including the Penny and Cue Gold Mines; Edna May, involving mining and processing of gold from the Edna May region including the Marda, Tampia, and Symes Gold Mines; and Exploration, which covers exploration and evaluation of gold mineralization, notably the Rebecca-Roe projects. The company generates the majority of its revenue from the Mt Magnet segment.
79GF Score
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