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Westgold ResourcesWGXRF +2.31%77 Graham Number is $2.44 as of Dec. 2025, which is 68% above its 10-year median of 1.45. GuruFocus rates WGXRF with a GF Score™ of 77/100 and a GF Value™ of $3.18 (Fairly Valued). The stock has 5 warning signs investors should review. Among 616 Metals & Mining companies, Westgold Resources ranks worse than 51.46% 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 (2026-08-04), the stock price of Westgold Resources is $3.46. Westgold Resources's graham number for the quarter that ended in Dec. 2025 was $2.44. Therefore, Westgold Resources's Price to Graham Number ratio for today is 1.42.
The historical rank and industry rank for Westgold Resources's Graham Number or its related term are showing as below:
WGXRF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.78 Med: 1.45 Max: 3.16
Current: 1.32
During the past 9 years, the highest Price to Graham Number ratio of Westgold Resources was 3.16. The lowest was 0.78. And the median was 1.45.
WGXRF's Price-to-Graham-Number is ranked worse than 51.46% of 616
companies
in the Metals & Mining industry
Industry Median: 1.245
vs WGXRF: 1.32
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Westgold Resources (OTCPK:WGXRF) 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.
Westgold Resources's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
3.46
/
2.44
=
1.42
* 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.
Westgold Resources Graham Number Related Terms
Westgold Resources Graham Number Historical Data
* Premium members only.
The historical data trend for Westgold Resources'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 Gold subindustry, Westgold Resources'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.
Westgold Resources Price-to-Graham-Number vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Westgold Resources's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Westgold Resources'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.
Westgold Resources (WGXRF) has a Graham Number of $2.44 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Westgold Resources and its competitors. This is 68% above median its historical median of 1.45. Over the past decade, Westgold Resources' Graham Number has ranged from 0.78 to 3.16. According to the industry distribution chart, Westgold Resources ranks #317 out of 616 companies in the Metals & Mining industry, placing it in the top 51.5%.
Is Westgold Resources' Graham Number too high?
Westgold Resources' current Graham Number of $2.44 is 68% above median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 3.16. The Metals & Mining industry median Graham Number is 1.25. Westgold Resources' value of $2.44 is 96% above this industry median. Based on the distribution chart, Westgold Resources ranks #317 out of 616 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Westgold Resources has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Westgold Resources' Graham Number compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Westgold Resources ranks #317 out of 616 companies for Graham Number. This places Westgold Resources in the lower half of its industry. The industry median Graham Number is 1.25. Westgold Resources' value of $2.44 is 96% above this benchmark. Historically, Westgold Resources' own Graham Number has ranged from 0.78 to 3.16 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 1.25, Westgold Resources 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 Metals & Mining company?
The median Graham Number among Metals & Mining companies is 1.25, based on 616 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. Westgold Resources's current Graham Number of $2.44 is 96% 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 Westgold Resources and its competitors. For the Metals & Mining industry, the median Graham Number is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Westgold Resources's current Graham Number is $2.44, which is 68% above median its own 10-year median of 1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westgold Resources stock overvalued right now?
Based on GuruFocus' analysis, Westgold Resources (WGXRF) is currently considered Fairly Valued. The stock's GF Value™ is $3.18, compared to a current price of $3.46 — trading 8.8% above its estimated fair value. The current Graham Number is $2.44, which is 68% above median its 10-year median of 1.45 and 96% above the Metals & Mining industry median of 1.25. Westgold Resources' overall GF Score™ is 77/100 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 Westgold Resources (WGXRF), the current Graham Number is $2.44 as of Dec. 2025. 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 Westgold Resources (WGXRF) Overvalued in 2026?
Based on GuruFocus' analysis, Westgold Resources stock appears to be overvalued.
The current stock price of $3.46 is trading 8.8% above its estimated GF Value™ of $3.18.
GuruFocus considers Westgold Resources to be Fairly Valued.
Key valuation signals for WGXRF:
Graham Number: $2.44 (68% above median its 10-year median of 1.45)
GF Value™: $3.18 vs. price of $3.46 (8.8% above fair value)
Industry Position: 96% above the Metals & Mining median (#317 of 616)
No single metric tells the full story. See the WGXRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Westgold Resources Ltd is a gold producer with a large and strategic landholding across two of Western Australia's prolific gold regions, the Murchison and the Southern Goldfields. The group has acquired several square kilometers of land holdings and operates multiple underground mines and four processing hubs across these regions. Its reportable segments are: Murchison and Southern Goldfields. The majority of the group's revenue is generated from the Murchison segment, which incorporates the operations of its three processing hubs at Cue, Meekatharra, and Fortnum. The group generates maximum revenue from the sale of gold at spot, and the rest from the sale of silver.
77GF Score
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