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Do you consider yourself a value investor? If so, we ran a screen you may be interested in.

We began by screening the consumer goods sector for stocks that appear undervalued relative to earnings growth, with PEG below 1.

We then screened for those that also appear undervalued relative to the Graham Number. The Graham Number is a measure of maximum fair value created by the "godfather of value investing" Benjamin Graham.

It is based off of a stock's EPS and book value per share (BVPS).

Graham Number = SQRT(22.5 x TTM EPS x MRQ BVPS)

The equation assumes that P/E should not be higher than 15 and P/BV should not be higher than 1.5. Stocks trading well below their Graham Number may be undervalued.

For an interactive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.

Tool provided by Kapitall (kapitall.com).

Do you think these stocks are trading below their fair value? Use this list as a starting point for your own analysis.

List sorted by potential upside implied by the Graham Number.

1. Dana Holding Corporation (NYSE:DAN): Engages in the design, manufacture, and supply of products for vehicle manufacturers worldwide. Market cap at $1.74B, most recent closing price at $11.80. PEG at 0.27. Diluted TTM earnings per share at 1.4, and a MRQ book value per share value at 7.45, implies a Graham Number fair value = sqrt(22.5*1.4*7.45) = $15.32. Based on the stock's price at $12.02, this implies a potential upside of 27.45% from current levels.

2. Graphic Packaging Holding Company (NYSE:GPK): Provides packaging solutions in the United States, Canada, Central/South America, Europe, and the Asia-Pacific. Market cap at $2.11B, most recent closing price at $5.37. PEG at 0.47. Diluted TTM earnings per share at 0.68, and a MRQ book value per share value at 3.03, implies a Graham Number fair value = sqrt(22.5*0.68*3.03) = $6.81. Based on the stock's price at $5.4, this implies a potential upside of 26.09% from current levels.

3. Harman International Industries Inc. (NYSE:HAR): Engages in the development, manufacture, and marketing of audio products and electronic systems primarily in the United States, Germany, and other parts of Europe. Market cap at $2.64B, most recent closing price at $37.50. PEG at 0.3. Diluted TTM earnings per share at 4.14, and a MRQ book value per share value at 23.5, implies a Graham Number fair value = sqrt(22.5*4.14*23.5) = $46.79. Based on the stock's price at $38.06, this implies a potential upside of 22.93% from current levels.

4. Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR): Engages in the specialty coffee and coffee maker business. Market cap at $3.3B, most recent closing price at $21.27. PEG at 0.29. Diluted TTM earnings per share at 2.08, and a MRQ book value per share value at 13.84, implies a Graham Number fair value = sqrt(22.5*2.08*13.84) = $25.45. Based on the stock's price at $21.71, this implies a potential upside of 17.23% from current levels.

*BVPS and EPS data sourced from Yahoo! Finance, all other data sourced from Finviz.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 4 Consumer Goods Stocks Undervalued By Earnings Growth And The Graham Number