Starcore International MinesSHVLF +0.69%46 Graham Number is $0.42 as of Jan. 2026, which is 31% above its 10-year median of 0.32. GuruFocus rates SHVLF with a GF Score™ of 46/100 and a GF Value™ of $0.13 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 608 Metals & Mining companies, Starcore International Mines ranks better than 73.36% 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.
The historical rank and industry rank for Starcore International Mines's Graham Number or its related term are showing as below:
SHVLF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.1 Med: 0.32 Max: 2.02
Current: 0.77
During the past 13 years, the highest Price to Graham Number ratio of Starcore International Mines was 2.02. The lowest was 0.10. And the median was 0.32.
SHVLF's Price-to-Graham-Number is ranked better than 73.36% of 608
companies
in the Metals & Mining industry
Industry Median: 1.26
vs SHVLF: 0.77
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Starcore International Mines (OTCPK:SHVLF) 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.
Starcore International Mines's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jan. 2026 )
=
0.3222
/
0.42
=
0.76
* 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.
Starcore International Mines Graham Number Related Terms
Starcore International Mines Graham Number Historical Data
* 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.
Starcore International Mines Graham Number Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Starcore International Mines'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.
Starcore International Mines Price-to-Graham-Number vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Starcore International Mines's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Starcore International Mines'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.
Starcore International Mines (SHVLF) has a Graham Number of $0.42 as of Jan. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Starcore International Mines and its competitors. This is 31% above median its historical median of 0.32. Over the past decade, Starcore International Mines' Graham Number has ranged from 0.10 to 2.02. According to the industry distribution chart, Starcore International Mines ranks #162 out of 608 companies in the Metals & Mining industry, placing it in the top 26.6%.
Is Starcore International Mines' Graham Number too high?
Starcore International Mines' current Graham Number of $0.42 is 31% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 2.02. The Metals & Mining industry median Graham Number is 1.26. Starcore International Mines' value of $0.42 is 66.7% below this industry median. Based on the distribution chart, Starcore International Mines ranks #162 out of 608 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Starcore International Mines has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Starcore International Mines' Graham Number compare to competitors?
According to the Metals & Mining industry distribution chart, Starcore International Mines ranks #162 out of 608 companies for Graham Number. This puts Starcore International Mines in the upper half of its industry. The industry median Graham Number is 1.26. Starcore International Mines' value of $0.42 is 66.7% below this benchmark. Historically, Starcore International Mines' own Graham Number has ranged from 0.10 to 2.02 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 1.26, Starcore International Mines has consistently been below 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 1.26, based on 608 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. Starcore International Mines's current Graham Number of $0.42 is 66.7% below 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 Starcore International Mines and its competitors. For the Metals & Mining industry, the median Graham Number is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starcore International Mines's current Graham Number is $0.42, which is 31% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starcore International Mines stock overvalued right now?
Based on GuruFocus' analysis, Starcore International Mines (SHVLF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.13, compared to a current price of $0.32 — trading 147.8% above its estimated fair value. The current Graham Number is $0.42, which is 31% above median its 10-year median of 0.32 and 66.7% below the Metals & Mining industry median of 1.26. Starcore International Mines' overall GF Score™ is 46/100 with 4 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 Starcore International Mines (SHVLF), the current Graham Number is $0.42 as of Jan. 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 Starcore International Mines (SHVLF) Overvalued in 2026?
Based on GuruFocus' analysis, Starcore International Mines stock appears to be overvalued.
The current stock price of $0.32 is trading 147.8% above its estimated GF Value™ of $0.13.
GuruFocus considers Starcore International Mines to be Significantly Overvalued.
Key valuation signals for SHVLF:
Graham Number: $0.42 (31% above median its 10-year median of 0.32)
GF Value™: $0.13 vs. price of $0.32 (147.8% above fair value)
Industry Position: 66.7% below the Metals & Mining median (#162 of 608)
No single metric tells the full story. See the SHVLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starcore International Mines Ltd is in the business of exploration, development, and production of minerals. It has got products in various stages The San Martin being the primary source of operating cash flows. In Mexico, the business holds an interest in the silver and gold processing plant. Some of its projects include San Martin, El Creston, and Toiyabe among others. The majority of the organization's revenue comes from Bernal, Mexico. The Company is also engaged in acquiring mining related operating assets and exploration assets in North America and West Africa directly and through corporate acquisitions.
46GF Score
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