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Turning Point BrandsTPB -1.72%88 Graham Number is $27.83 as of Jun. 2026, which is 599% above its 10-year median of 3.98. GuruFocus rates TPB with a GF Score™ of 88/100 and a GF Value™ of $87.20 (Fairly Valued). Among 29 Tobacco Products companies, Turning Point Brands ranks worse than 79.31% 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 (2026-08-20), the stock price of Turning Point Brands is $86.74. Turning Point Brands's graham number for the quarter that ended in Jun. 2026 was $27.83. Therefore, Turning Point Brands's Price to Graham Number ratio for today is 3.12.
The historical rank and industry rank for Turning Point Brands's Graham Number or its related term are showing as below:
TPB'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.05 Med: 3.98 Max: 13.29
Current: 3.12
During the past 13 years, the highest Price to Graham Number ratio of Turning Point Brands was 13.29. The lowest was 3.05. And the median was 3.98.
TPB's Price-to-Graham-Number is ranked worse than 79.31% of 29
companies
in the Tobacco Products industry
Industry Median: 1.87
vs TPB: 3.12
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Turning Point Brands (NYSE:TPB) 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.
Turning Point Brands's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
86.74
/
27.83
=
3.12
* 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.
Turning Point Brands Graham Number Related Terms
Turning Point Brands Graham Number Historical Data
* Premium members only.
The historical data trend for Turning Point Brands'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 Tobacco subindustry, Turning Point Brands'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.
Turning Point Brands Price-to-Graham-Number vs Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Turning Point Brands's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Turning Point Brands'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.
Turning Point Brands (TPB) has a Graham Number of $27.83 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Turning Point Brands and its competitors. This is 599% above median its historical median of 3.98. Over the past decade, Turning Point Brands' Graham Number has ranged from 3.05 to 13.29. According to the industry distribution chart, Turning Point Brands ranks #23 out of 29 companies in the Tobacco Products industry, placing it in the top 79.3%.
Is Turning Point Brands' Graham Number too high?
Turning Point Brands' current Graham Number of $27.83 is 599% above median its 10-year median of 3.98. Over the past 10 years, this metric has ranged from a low of 3.05 to a high of 13.29. The Tobacco Products industry median Graham Number is 1.87. Turning Point Brands' value of $27.83 is 1388.2% above this industry median. Based on the distribution chart, Turning Point Brands ranks #23 out of 29 companies in the Tobacco Products industry, which is in the bottom quartile relative to peers. Overall, Turning Point Brands has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Turning Point Brands' Graham Number compare to UVV and AIIR?
According to the Tobacco Products industry distribution chart, Turning Point Brands ranks #23 out of 29 companies for Graham Number. This places Turning Point Brands in the lower half of its industry. The industry median Graham Number is 1.87. Turning Point Brands' value of $27.83 is 1388.2% above this benchmark. Historically, Turning Point Brands' own Graham Number has ranged from 3.05 to 13.29 over the past decade. While the company's 10-year median is 3.98 vs. the industry median of 1.87, Turning Point Brands 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 Tobacco Products company?
The median Graham Number among Tobacco Products companies is 1.87, based on 29 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. Turning Point Brands's current Graham Number of $27.83 is 1388.2% 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 Turning Point Brands and its competitors. For the Tobacco Products industry, the median Graham Number is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turning Point Brands's current Graham Number is $27.83, which is 599% above median its own 10-year median of 3.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turning Point Brands stock overvalued right now?
Based on GuruFocus' analysis, Turning Point Brands (TPB) is currently considered Fairly Valued. The stock's GF Value™ is $87.20, compared to a current price of $86.74 — trading 0.5% below its estimated fair value. The current Graham Number is $27.83, which is 599% above median its 10-year median of 3.98 and 1388.2% above the Tobacco Products industry median of 1.87. Turning Point Brands' overall GF Score™ is 88/100. 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 Turning Point Brands (TPB), the current Graham Number is $27.83 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 Turning Point Brands (TPB) Overvalued in 2026?
Based on GuruFocus' analysis, Turning Point Brands stock appears to be undervalued.
The current stock price of $86.74 is trading 0.5% below its estimated GF Value™ of $87.20.
GuruFocus considers Turning Point Brands to be Fairly Valued.
Key valuation signals for TPB:
Graham Number: $27.83 (599% above median its 10-year median of 3.98)
GF Value™: $87.20 vs. price of $86.74 (0.5% below fair value)
Industry Position: 1388.2% above the Tobacco Products median (#23 of 29)
No single metric tells the full story. See the TPB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turning Point Brands Inc operates as a manufacturer, marketer, and provider of consumer products that include Other Tobacco Products (OTP) in the U.S. The company offers a wide variety across the OTP spectrum, including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in two segments, namely Zig-Zag products and Stoker's products segment. The company generates maximum revenue from the Zig-Zag products segment.
88GF Score
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