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Alimentation Couche-TardTSX:ATD +0.18%95 Graham Number is C$24.91 as of Apr. 2026, which is 100% below its 10-year median of 3.08. GuruFocus rates TSX:ATD with a GF Score™ of 95/100 and a GF Value™ of C$85.81 (Fairly Valued). The stock has 7 warning signs investors should review. Among 758 Retail - Cyclical companies, Alimentation Couche-Tard ranks worse than 86.28% 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.
The historical rank and industry rank for Alimentation Couche-Tard's Graham Number or its related term are showing as below:
TSX:ATD'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.99 Med: 3.08 Max: 4.87
Current: 3.57
During the past 13 years, the highest Price to Graham Number ratio of Alimentation Couche-Tard was 4.87. The lowest was 1.99. And the median was 3.08.
TSX:ATD's Price-to-Graham-Number is ranked worse than 86.28% of 758
companies
in the Retail - Cyclical industry
Industry Median: 1.19
vs TSX:ATD: 3.57
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Alimentation Couche-Tard (TSX:ATD) 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.
Alimentation Couche-Tard's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
88.82
/
24.91
=
3.57
* 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.
Alimentation Couche-Tard Graham Number Related Terms
Alimentation Couche-Tard 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.
TSX:ATD vs CASY, WSM, DKS: Graham Number Comparison
For the Specialty Retail subindustry, Alimentation Couche-Tard'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.
Alimentation Couche-Tard Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Alimentation Couche-Tard's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Alimentation Couche-Tard'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.
Alimentation Couche-Tard (TSX:ATD) has a Graham Number of C$24.91 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Alimentation Couche-Tard and its competitors. This is 709% above median its historical median of 3.08. Over the past decade, Alimentation Couche-Tard's Graham Number has ranged from 1.99 to 4.87. According to the industry distribution chart, Alimentation Couche-Tard ranks #654 out of 758 companies in the Retail - Cyclical industry, placing it in the top 86.3%.
Is Alimentation Couche-Tard's Graham Number too high?
Alimentation Couche-Tard's current Graham Number of C$24.91 is 709% above median its 10-year median of 3.08. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 4.87. Based on the distribution chart, Alimentation Couche-Tard ranks #654 out of 758 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Alimentation Couche-Tard has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alimentation Couche-Tard's Graham Number compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Alimentation Couche-Tard ranks #654 out of 758 companies for Graham Number. This places Alimentation Couche-Tard in the lower half of its industry. The industry median Graham Number is 1.19. Historically, Alimentation Couche-Tard's own Graham Number has ranged from 1.99 to 4.87 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.19, based on 758 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 Alimentation Couche-Tard and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alimentation Couche-Tard's current Graham Number is C$24.91, which is 709% above median its own 10-year median of 3.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alimentation Couche-Tard stock overvalued right now?
Based on GuruFocus' analysis, Alimentation Couche-Tard (TSX:ATD) is currently considered Fairly Valued. The stock's GF Value™ is C$85.81, compared to a current price of C$88.82 — trading 3.5% above its estimated fair value. The current Graham Number is C$24.91, which is 709% above median its 10-year median of 3.08. Alimentation Couche-Tard's overall GF Score™ is 95/100 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 Alimentation Couche-Tard (TSX:ATD), the current Graham Number is C$24.91 as of Apr. 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 Alimentation Couche-Tard (TSX:ATD) Overvalued in 2026?
Based on GuruFocus' analysis, Alimentation Couche-Tard stock appears to be overvalued.
The current stock price of C$88.82 is trading 3.5% above its estimated GF Value™ of C$85.81.
GuruFocus considers Alimentation Couche-Tard to be Fairly Valued.
Key valuation signals for TSX:ATD:
Graham Number: C$24.91 (709% above median its 10-year median of 3.08)
GF Value™: C$85.81 vs. price of C$88.82 (3.5% above fair value)
No single metric tells the full story. See the TSX:ATD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Europe, and Asia. The company generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates stores under the Circle K banner in other countries such as Indonesia, Egypt, Macau, and others. Its operation is geographically divided into the U.S., Europe and other regions, and Canada. Revenue from external customers falls mainly into three categories: merchandise and services, road transportation fuel, and others. The company generates the majority of its revenue from the United States.
95GF Score
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