RPM (RPM International) Graham Number: $27.93 (As of May. 2026) — 422% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

RPM RPM International Inc RPM
93 GF Score
Price $107.32
GF Value $120.34
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is RPM International Graham Number?

RPM International RPM -0.47% 93 Graham Number is $27.93 as of May. 2026, which is 422% above its 10-year median of 5.35. GuruFocus rates RPM with a GF Score™ of 93/100 and a GF Value™ of $120.34 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,157 Chemicals companies, RPM International ranks worse than 86.43% 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 (2026-07-31), the stock price of RPM International is $107.32. RPM International's graham number for the quarter that ended in May. 2026 was $27.93. Therefore, RPM International's Price to Graham Number ratio for today is 3.84.

The historical rank and industry rank for RPM International's Graham Number or its related term are showing as below:

RPM' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.79   Med: 5.35   Max: 15.24
Current: 3.84

During the past 13 years, the highest Price to Graham Number ratio of RPM International was 15.24. The lowest was 3.79. And the median was 5.35.

RPM's Price-to-Graham-Number is ranked worse than
86.43% of 1157 companies
in the Chemicals industry
Industry Median: 1.44 vs RPM: 3.84

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


RPM International  (NYSE:RPM) 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.

RPM International's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: May. 2026 )
=107.32/27.93
=3.84

* 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.


RPM International Graham Number Related Terms


RPM International Graham Number Historical Data

* Premium members only.

The historical data trend for RPM International'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.

RPM International Graham Number Chart

RPM International Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.78 14.82 24.40 21.28 27.90

RPM International Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.28 23.02 24.04 24.67 27.93

RPM vs ALB, SOLS, WLK: Graham Number Comparison

For the Specialty Chemicals subindustry, RPM International'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.


RPM International Price-to-Graham-Number vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, RPM International's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where RPM International's Price-to-Graham-Number falls into.


RPM
93GF Score
RPM International Inc RPM
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RPM International Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

RPM International's Graham Number for the fiscal year that ended in May. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*6.258*5.53)
=27.90

RPM International's Graham Number for the quarter that ended in May. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*6.258*5.54)
=27.93

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of $27.93 mean?
RPM International (RPM) has a Graham Number of $27.93 as of May. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on RPM International and its competitors. This is 422% above median its historical median of 5.35. Over the past decade, RPM International's Graham Number has ranged from 3.79 to 15.24. According to the industry distribution chart, RPM International ranks #1000 out of 1157 companies in the Chemicals industry, placing it in the top 86.4%.
Is RPM International's Graham Number too high?
RPM International's current Graham Number of $27.93 is 422% above median its 10-year median of 5.35. Over the past 10 years, this metric has ranged from a low of 3.79 to a high of 15.24. The Chemicals industry median Graham Number is 1.44. RPM International's value of $27.93 is 1839.6% above this industry median. Based on the distribution chart, RPM International ranks #1000 out of 1157 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, RPM International has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does RPM International's Graham Number compare to ALB and SOLS?
According to the Chemicals industry distribution chart, RPM International ranks #1000 out of 1157 companies for Graham Number. This places RPM International in the lower half of its industry. The industry median Graham Number is 1.44. RPM International's value of $27.93 is 1839.6% above this benchmark. Historically, RPM International's own Graham Number has ranged from 3.79 to 15.24 over the past decade. While the company's 10-year median is 5.35 vs. the industry median of 1.44, RPM International 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 Chemicals company?
The median Graham Number among Chemicals companies is 1.44, based on 1,157 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. RPM International's current Graham Number of $27.93 is 1839.6% 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 RPM International and its competitors. For the Chemicals industry, the median Graham Number is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RPM International's current Graham Number is $27.93, which is 422% above median its own 10-year median of 5.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RPM International stock overvalued right now?
Based on GuruFocus' analysis, RPM International (RPM) is currently considered Modestly Undervalued. The stock's GF Value™ is $120.34, compared to a current price of $107.32 — trading 10.8% below its estimated fair value. The current Graham Number is $27.93, which is 422% above median its 10-year median of 5.35 and 1839.6% above the Chemicals industry median of 1.44. RPM International's overall GF Score™ is 93/100 with 1 warning sign 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 RPM International (RPM), the current Graham Number is $27.93 as of May. 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 RPM International (RPM) Overvalued in 2026?

Based on GuruFocus' analysis, RPM International stock appears to be undervalued. The current stock price of $107.32 is trading 10.8% below its estimated GF Value™ of $120.34. GuruFocus considers RPM International to be Modestly Undervalued.

Key valuation signals for RPM:

  • Graham Number: $27.93 (422% above median its 10-year median of 5.35)
  • GF Value™: $120.34 vs. price of $107.32 (10.8% below fair value)
  • GF Score™: 93/100 with 1 warning sign
  • Industry Position: 1839.6% above the Chemicals median (#1000 of 1157)

No single metric tells the full story. See the RPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


RPM International Business Description

Other Exchanges RP8:Germany
Address 2628 Pearl Road, P.O. Box 777, Medina, OH, USA, 44256
RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributors, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a line of products ranging from niche applications of the other groups to marine finishes, to edible food colorings. The majority of revenue is from the construction products and North America.
93GF Score

Get the complete analysis for RPM

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$107.32
Price
$120.34
GF Value