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Tianqi LithiumTQLCF 67 Graham Number is $4.01 as of Mar. 2026, which is 52% above its 10-year median of 2.64. GuruFocus rates TQLCF with a GF Score™ of 67/100 and a GF Value™ of $1.83 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,163 Chemicals companies, Tianqi Lithium ranks worse than 57.09% 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 (2026-08-09), the stock price of Tianqi Lithium is $4.09. Tianqi Lithium's graham number for the quarter that ended in Mar. 2026 was $4.01. Therefore, Tianqi Lithium's Price to Graham Number ratio for today is 1.02.
The historical rank and industry rank for Tianqi Lithium's Graham Number or its related term are showing as below:
TQLCF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.69 Med: 2.64 Max: 11.64
Current: 1.73
During the past 13 years, the highest Price to Graham Number ratio of Tianqi Lithium was 11.64. The lowest was 0.69. And the median was 2.64.
TQLCF's Price-to-Graham-Number is ranked worse than 57.09% of 1163
companies
in the Chemicals industry
Industry Median: 1.5
vs TQLCF: 1.73
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Tianqi Lithium (OTCPK:TQLCF) 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.
Tianqi Lithium's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4.09
/
4.01
=
1.02
* 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.
Tianqi Lithium Graham Number Related Terms
Tianqi Lithium Graham Number Historical Data
* Premium members only.
The historical data trend for Tianqi Lithium'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 Specialty Chemicals subindustry, Tianqi Lithium'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.
Tianqi Lithium Price-to-Graham-Number vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tianqi Lithium's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Tianqi Lithium'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.
Tianqi Lithium (TQLCF) has a Graham Number of $4.01 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tianqi Lithium and its competitors. This is 52% above median its historical median of 2.64. Over the past decade, Tianqi Lithium's Graham Number has ranged from 0.69 to 11.64. According to the industry distribution chart, Tianqi Lithium ranks #664 out of 1163 companies in the Chemicals industry, placing it in the top 57.1%.
Is Tianqi Lithium's Graham Number too high?
Tianqi Lithium's current Graham Number of $4.01 is 52% above median its 10-year median of 2.64. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 11.64. The Chemicals industry median Graham Number is 1.50. Tianqi Lithium's value of $4.01 is 167.3% above this industry median. Based on the distribution chart, Tianqi Lithium ranks #664 out of 1163 companies in the Chemicals industry, which is below the industry midpoint. Overall, Tianqi Lithium has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tianqi Lithium's Graham Number compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tianqi Lithium ranks #664 out of 1163 companies for Graham Number. This places Tianqi Lithium in the lower half of its industry. The industry median Graham Number is 1.50. Tianqi Lithium's value of $4.01 is 167.3% above this benchmark. Historically, Tianqi Lithium's own Graham Number has ranged from 0.69 to 11.64 over the past decade. While the company's 10-year median is 2.64 vs. the industry median of 1.50, Tianqi Lithium 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 Chemicals company?
The median Graham Number among Chemicals companies is 1.50, based on 1,163 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. Tianqi Lithium's current Graham Number of $4.01 is 167.3% 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 Tianqi Lithium and its competitors. For the Chemicals industry, the median Graham Number is 1.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tianqi Lithium's current Graham Number is $4.01, which is 52% above median its own 10-year median of 2.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tianqi Lithium stock overvalued right now?
Based on GuruFocus' analysis, Tianqi Lithium (TQLCF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.83, compared to a current price of $4.09 — trading 123.5% above its estimated fair value. The current Graham Number is $4.01, which is 52% above median its 10-year median of 2.64 and 167.3% above the Chemicals industry median of 1.50. Tianqi Lithium's overall GF Score™ is 67/100 with 5 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 Tianqi Lithium (TQLCF), the current Graham Number is $4.01 as of Mar. 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 Tianqi Lithium (TQLCF) Overvalued in 2026?
Based on GuruFocus' analysis, Tianqi Lithium stock appears to be overvalued.
The current stock price of $4.09 is trading 123.5% above its estimated GF Value™ of $1.83.
GuruFocus considers Tianqi Lithium to be Significantly Overvalued.
Key valuation signals for TQLCF:
Graham Number: $4.01 (52% above median its 10-year median of 2.64)
GF Value™: $1.83 vs. price of $4.09 (123.5% above fair value)
Industry Position: 167.3% above the Chemicals median (#664 of 1163)
No single metric tells the full story. See the TQLCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tianqi Lithium is a leading new energy materials company headquartered in Sichuan, China. The company is the largest producer of mined lithium globally in terms of output and is ranked third in terms of revenue generated from lithium, according to Wood Mackenzie. It is also the world's fourth largest and Asia's second largest lithium compound producer, as measured by production output, according to the same source. Tianqi is the only lithium producer in China that achieved 100% self-sufficiency and has fully vertically integrated lithium mines. The firm operates in critical stages of the lithium value chain, including: 1) mining of lithium ore and manufacturing of lithium concentrate; and 2) manufacturing of lithium compounds and derivatives.
67GF Score
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