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.
Tetra TechnologiesSTU:TGI +2.68%65 Graham Number is €2.97 as of Jun. 2026, which is 100% below its 10-year median of 2.30. GuruFocus rates STU:TGI with a GF Score™ of 65/100 and a GF Value™ of €3.76 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 367 Conglomerates companies, Tetra Technologies ranks worse than 86.65% 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 (2026-08-12), the stock price of Tetra Technologies is €7.65. Tetra Technologies's graham number for the quarter that ended in Jun. 2026 was €2.97. Therefore, Tetra Technologies's Price to Graham Number ratio for today is 2.57.
The historical rank and industry rank for Tetra Technologies's Graham Number or its related term are showing as below:
STU:TGI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.21 Med: 2.3 Max: 8.22
Current: 2.57
During the past 13 years, the highest Price to Graham Number ratio of Tetra Technologies was 8.22. The lowest was 1.21. And the median was 2.30.
STU:TGI's Price-to-Graham-Number is ranked worse than 86.65% of 367
companies
in the Conglomerates industry
Industry Median: 0.93
vs STU:TGI: 2.57
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Tetra Technologies (STU:TGI) 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.
Tetra Technologies's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
7.65
/
2.97
=
2.57
* 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.
Tetra Technologies Graham Number Related Terms
Tetra Technologies Graham Number Historical Data
* Premium members only.
The historical data trend for Tetra Technologies'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.
STU:TGI vs DLX, MATW, CODI: Graham Number Comparison
For the Conglomerates subindustry, Tetra Technologies'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.
Tetra Technologies Price-to-Graham-Number vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Tetra Technologies's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Tetra Technologies'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.
Tetra Technologies (STU:TGI) has a Graham Number of €2.97 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tetra Technologies and its competitors. This is 29% above median its historical median of 2.30. Over the past decade, Tetra Technologies' Graham Number has ranged from 1.21 to 8.22. According to the industry distribution chart, Tetra Technologies ranks #318 out of 367 companies in the Conglomerates industry, placing it in the top 86.6%.
Is Tetra Technologies' Graham Number too high?
Tetra Technologies' current Graham Number of €2.97 is 29% above median its 10-year median of 2.30. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 8.22. Based on the distribution chart, Tetra Technologies ranks #318 out of 367 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Tetra Technologies has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tetra Technologies' Graham Number compare to DLX and MATW?
According to the Conglomerates industry distribution chart, Tetra Technologies ranks #318 out of 367 companies for Graham Number. This places Tetra Technologies in the lower half of its industry. The industry median Graham Number is 0.93. Historically, Tetra Technologies' own Graham Number has ranged from 1.21 to 8.22 over the past decade. 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 Conglomerates company?
The median Graham Number among Conglomerates companies is 0.93, based on 367 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. 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 Tetra Technologies and its competitors. For the Conglomerates industry, the median Graham Number is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tetra Technologies's current Graham Number is €2.97, which is 29% above median its own 10-year median of 2.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tetra Technologies stock overvalued right now?
Based on GuruFocus' analysis, Tetra Technologies (STU:TGI) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.76, compared to a current price of €7.65 — trading 103.5% above its estimated fair value. The current Graham Number is €2.97, which is 29% above median its 10-year median of 2.30. Tetra Technologies' overall GF Score™ is 65/100 with 2 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 Tetra Technologies (STU:TGI), the current Graham Number is €2.97 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 Tetra Technologies (STU:TGI) Overvalued in 2026?
Based on GuruFocus' analysis, Tetra Technologies stock appears to be overvalued.
The current stock price of €7.65 is trading 103.5% above its estimated GF Value™ of €3.76.
GuruFocus considers Tetra Technologies to be Significantly Overvalued.
Key valuation signals for STU:TGI:
Graham Number: €2.97 (29% above median its 10-year median of 2.30)
GF Value™: €3.76 vs. price of €7.65 (103.5% above fair value)
No single metric tells the full story. See the STU:TGI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tetra Technologies Inc is a diversified oil and gas services company, focused on completion fluids and associated products and services, water management, frac flowback, production well testing, offshore rig cooling, and compression services. It has two reporting segments, namely Completion Fluids & Products and Water & Flowback Services. The Completion Fluids & Products Division manufactures and markets clear brine fluids, additives, and associated products and services. The Water & Flowback Services Segment provides onshore oil and gas operators with comprehensive water management services. The majority of revenue is from the Completion Fluids & Products segment.
65GF Score
Get the complete analysis for STU:TGI
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
STU:TGI has been successfully added to your 
