What is United States Lime & Minerals Graham Number?
United States Lime & MineralsUSLM +1.90%93 Graham Number is $48.52 as of Mar. 2026, which is 3178% above its 10-year median of 1.48. GuruFocus rates USLM with a GF Score™ of 93/100 and a GF Value™ of $113.93 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 285 Building Materials companies, United States Lime & Minerals ranks worse than 79.65% 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.
The historical rank and industry rank for United States Lime & Minerals's Graham Number or its related term are showing as below:
USLM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.07 Med: 1.48 Max: 3.45
Current: 2.08
During the past 13 years, the highest Price to Graham Number ratio of United States Lime & Minerals was 3.45. The lowest was 1.07. And the median was 1.48.
USLM's Price-to-Graham-Number is ranked worse than 79.65% of 285
companies
in the Building Materials industry
Industry Median: 0.95
vs USLM: 2.08
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
United States Lime & Minerals (NAS:USLM) 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.
United States Lime & Minerals's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
101.07
/
48.52
=
2.08
* 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.
United States Lime & Minerals Graham Number Related Terms
United States Lime & Minerals 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.
USLM vs TTAM, TGLS, RMIX: Graham Number Comparison
For the Building Materials subindustry, United States Lime & Minerals'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.
United States Lime & Minerals Price-to-Graham-Number vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, United States Lime & Minerals's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where United States Lime & Minerals'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.
United States Lime & Minerals (USLM) has a Graham Number of $48.52 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on United States Lime & Minerals and its competitors. This is 3178% above median its historical median of 1.48. Over the past decade, United States Lime & Minerals' Graham Number has ranged from 1.07 to 3.45. According to the industry distribution chart, United States Lime & Minerals ranks #227 out of 285 companies in the Building Materials industry, placing it in the top 79.6%.
Is United States Lime & Minerals' Graham Number too high?
United States Lime & Minerals' current Graham Number of $48.52 is 3178% above median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 3.45. The Building Materials industry median Graham Number is 0.95. United States Lime & Minerals' value of $48.52 is 5007.4% above this industry median. Based on the distribution chart, United States Lime & Minerals ranks #227 out of 285 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, United States Lime & Minerals has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United States Lime & Minerals' Graham Number compare to TTAM and TGLS?
According to the Building Materials industry distribution chart, United States Lime & Minerals ranks #227 out of 285 companies for Graham Number. This places United States Lime & Minerals in the lower half of its industry. The industry median Graham Number is 0.95. United States Lime & Minerals' value of $48.52 is 5007.4% above this benchmark. Historically, United States Lime & Minerals' own Graham Number has ranged from 1.07 to 3.45 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 0.95, United States Lime & Minerals 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 Building Materials company?
The median Graham Number among Building Materials companies is 0.95, based on 285 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. United States Lime & Minerals's current Graham Number of $48.52 is 5007.4% 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 United States Lime & Minerals and its competitors. For the Building Materials industry, the median Graham Number is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United States Lime & Minerals's current Graham Number is $48.52, which is 3178% above median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United States Lime & Minerals stock overvalued right now?
Based on GuruFocus' analysis, United States Lime & Minerals (USLM) is currently considered Modestly Undervalued. The stock's GF Value™ is $113.93, compared to a current price of $101.07 — trading 11.3% below its estimated fair value. The current Graham Number is $48.52, which is 3178% above median its 10-year median of 1.48 and 5007.4% above the Building Materials industry median of 0.95. United States Lime & Minerals' overall GF Score™ is 93/100 with 1 warning sign 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 United States Lime & Minerals (USLM), the current Graham Number is $48.52 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 United States Lime & Minerals (USLM) Overvalued in 2026?
Based on GuruFocus' analysis, United States Lime & Minerals stock appears to be undervalued.
The current stock price of $101.07 is trading 11.3% below its estimated GF Value™ of $113.93.
GuruFocus considers United States Lime & Minerals to be Modestly Undervalued.
Key valuation signals for USLM:
Graham Number: $48.52 (3178% above median its 10-year median of 1.48)
GF Value™: $113.93 vs. price of $101.07 (11.3% below fair value)
Industry Position: 5007.4% above the Building Materials median (#227 of 285)
No single metric tells the full story. See the USLM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United States Lime & Minerals Business Description
United States Lime & Minerals Inc is engaged in the business of manufacturing lime and limestone products including PLS, quicklime, hydrated lime and lime slurry. The company supplies its products predominantly to the construction including highway, road, and building contractors, industrial including paper and glass manufacturers, environmental including municipal sanitation and water treatment facilities and flue gas treatment processes, metals including steel producers, oil and gas services, roof shingle manufacturers and agriculture including poultry industries. The company operates through its Lime and Limestone Operations segment.
93GF Score
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