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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 Triple Flag Precious Metals's Graham Number or its related term are showing as below:
TFPM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.07 Med: 1.68 Max: 8.91
Current: 1.86
During the past 8 years, the highest Price to Graham Number ratio of Triple Flag Precious Metals was 8.91. The lowest was 1.07. And the median was 1.68.
TFPM's Price-to-Graham-Number is ranked worse than 66.25% of 634
companies
in the Metals & Mining industry
Industry Median: 1.275
vs TFPM: 1.86
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Triple Flag Precious Metals (NYSE:TFPM) 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.
Triple Flag Precious Metals's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
33.90
/
18.04
=
1.88
* 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.
Triple Flag Precious Metals Graham Number Related Terms
Triple Flag Precious Metals 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.
For the Other Precious Metals & Mining subindustry, Triple Flag Precious Metals'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.
Triple Flag Precious Metals Price-to-Graham-Number vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Triple Flag Precious Metals's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Triple Flag Precious Metals'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.
Triple Flag Precious Metals (TFPM) has a Graham Number of $18.04 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Triple Flag Precious Metals and its competitors. According to the industry distribution chart, Triple Flag Precious Metals ranks #420 out of 634 companies in the Metals & Mining industry, placing it in the top 66.2%.
Is Triple Flag Precious Metals' Graham Number too high?
Triple Flag Precious Metals' current Graham Number is $18.04. The Metals & Mining industry median Graham Number is 1.28. Triple Flag Precious Metals' value of $18.04 is 1314.9% above this industry median. Based on the distribution chart, Triple Flag Precious Metals ranks #420 out of 634 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Triple Flag Precious Metals has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Triple Flag Precious Metals' Graham Number compare to HL?
According to the Metals & Mining industry distribution chart, Triple Flag Precious Metals ranks #420 out of 634 companies for Graham Number. This places Triple Flag Precious Metals in the lower half of its industry. The industry median Graham Number is 1.28. Triple Flag Precious Metals' value of $18.04 is 1314.9% above this benchmark. 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 1.28, based on 634 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. Triple Flag Precious Metals's current Graham Number of $18.04 is 1314.9% 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 Triple Flag Precious Metals and its competitors. For the Metals & Mining industry, the median Graham Number is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Triple Flag Precious Metals's current Graham Number is $18.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triple Flag Precious Metals stock overvalued right now?
Based on GuruFocus' analysis, Triple Flag Precious Metals (TFPM) is currently considered Fairly Valued. The stock's GF Value™ is $36.22, compared to a current price of $33.90 — trading 6.4% below its estimated fair value. The current Graham Number is $18.04 and 1314.9% above the Metals & Mining industry median of 1.28. Triple Flag Precious Metals' overall GF Score™ is 86/100 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 Triple Flag Precious Metals (TFPM), the current Graham Number is $18.04 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 Triple Flag Precious Metals (TFPM) Overvalued in 2026?
Based on GuruFocus' analysis, Triple Flag Precious Metals stock appears to be undervalued.
The current stock price of $33.90 is trading 6.4% below its estimated GF Value™ of $36.22.
GuruFocus considers Triple Flag Precious Metals to be Fairly Valued.
Key valuation signals for TFPM:
Graham Number: $18.04
GF Value™: $36.22 vs. price of $33.90 (6.4% below fair value)
Industry Position: 1314.9% above the Metals & Mining median (#420 of 634)
No single metric tells the full story. See the TFPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Triple Flag Precious Metals Corp is a streaming and royalty company focused on precious metals. Its revenues are largely generated from a diversified portfolio of properties in Australia, Canada, Colombia, Cote d'Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States. Its diversified portfolio of streams and royalties comprises long-life mining assets, including the Northparkes copper-gold mine in Australia, the Cerro Lindo polymetallic mine in Peru, the Fosterville gold mine in Australia, the Buritica gold mine in Colombia, and the Impala Bafokeng Operations in South Africa among others. A majority of its revenue is derived through its interests in various gold streams. Geographically, the company derives maximum revenue from Australia, followed by Peru and other regions.
86GF Score
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