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Stag IndustrialSTAG -0.73%84 Graham Number is $20.11 as of Jun. 2026, which is 724% above its 10-year median of 2.44. GuruFocus rates STAG with a GF Score™ of 84/100 and a GF Value™ of $40.83 (Fairly Valued). The stock has 7 warning signs investors should review. Among 725 REITs companies, Stag Industrial ranks worse than 86.9% 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 Stag Industrial is $38.26. Stag Industrial's graham number for the quarter that ended in Jun. 2026 was $20.11. Therefore, Stag Industrial's Price to Graham Number ratio for today is 1.90.
The historical rank and industry rank for Stag Industrial's Graham Number or its related term are showing as below:
STAG'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.64 Med: 2.44 Max: 25.02
Current: 1.9
During the past 13 years, the highest Price to Graham Number ratio of Stag Industrial was 25.02. The lowest was 1.64. And the median was 2.44.
STAG's Price-to-Graham-Number is ranked worse than 86.9% of 725
companies
in the REITs industry
Industry Median: 0.74
vs STAG: 1.90
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Stag Industrial (NYSE:STAG) 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.
Stag Industrial's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
38.26
/
20.11
=
1.90
* 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.
Stag Industrial Graham Number Related Terms
Stag Industrial Graham Number Historical Data
* Premium members only.
The historical data trend for Stag Industrial'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 REIT - Industrial subindustry, Stag Industrial'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.
Stag Industrial Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Stag Industrial's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Stag Industrial'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.
Stag Industrial (STAG) has a Graham Number of $20.11 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Stag Industrial and its competitors. This is 724% above median its historical median of 2.44. Over the past decade, Stag Industrial's Graham Number has ranged from 1.64 to 25.02. According to the industry distribution chart, Stag Industrial ranks #630 out of 725 companies in the REITs industry, placing it in the top 86.9%.
Is Stag Industrial's Graham Number too high?
Stag Industrial's current Graham Number of $20.11 is 724% above median its 10-year median of 2.44. Over the past 10 years, this metric has ranged from a low of 1.64 to a high of 25.02. The REITs industry median Graham Number is 0.74. Stag Industrial's value of $20.11 is 2617.6% above this industry median. Based on the distribution chart, Stag Industrial ranks #630 out of 725 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Stag Industrial has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Stag Industrial's Graham Number compare to TRNO and REXR?
According to the REITs industry distribution chart, Stag Industrial ranks #630 out of 725 companies for Graham Number. This places Stag Industrial in the lower half of its industry. The industry median Graham Number is 0.74. Stag Industrial's value of $20.11 is 2617.6% above this benchmark. Historically, Stag Industrial's own Graham Number has ranged from 1.64 to 25.02 over the past decade. While the company's 10-year median is 2.44 vs. the industry median of 0.74, Stag Industrial 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 REITs company?
The median Graham Number among REITs companies is 0.74, based on 725 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. Stag Industrial's current Graham Number of $20.11 is 2617.6% 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 Stag Industrial and its competitors. For the REITs industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stag Industrial's current Graham Number is $20.11, which is 724% above median its own 10-year median of 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stag Industrial stock overvalued right now?
Based on GuruFocus' analysis, Stag Industrial (STAG) is currently considered Fairly Valued. The stock's GF Value™ is $40.83, compared to a current price of $38.26 — trading 6.3% below its estimated fair value. The current Graham Number is $20.11, which is 724% above median its 10-year median of 2.44 and 2617.6% above the REITs industry median of 0.74. Stag Industrial's overall GF Score™ is 84/100 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 Stag Industrial (STAG), the current Graham Number is $20.11 as of Jun. 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 Stag Industrial (STAG) Overvalued in 2026?
Based on GuruFocus' analysis, Stag Industrial stock appears to be undervalued.
The current stock price of $38.26 is trading 6.3% below its estimated GF Value™ of $40.83.
GuruFocus considers Stag Industrial to be Fairly Valued.
Key valuation signals for STAG:
Graham Number: $20.11 (724% above median its 10-year median of 2.44)
GF Value™: $40.83 vs. price of $38.26 (6.3% below fair value)
Industry Position: 2617.6% above the REITs median (#630 of 725)
No single metric tells the full story. See the STAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stag Industrial Inc is a REIT focused on the acquisition, ownership, development, and operation of industrial properties throughout the United States. Its platform is designed to (i) identify properties for acquisition that offer attractive returns across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants, (ii) provide growth through the ownership of high-quality assets, property management and pursuit of acquisitions in an attractive opportunity set, and (iii) capitalize its business appropriately given the characteristics of its assets. The majority of its portfolio is single-tenant industrial properties throughout the United States. The company derives the majority of its rental revenue from its facilities located in Midwestern and Eastern U.S. cities.
84GF Score
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