Do you consider yourself a value investor? We ran a screen with that perspective in mind.

We began by screening the basic materials sector for high-growth stocks, with 5-year projected EPS growth above 15%.

Then we screened that universe for those that 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 â€ªinteractive version of this chart, click on the image below. Analyst ratings sourced from Zacks Investment Research.â€¬

*click for interactive chart*

Tool provided by Kapitall (www.kapitall.com).

Do you think these stocks should be trading higher? Use this list as a starting point for your own analysis.

List sorted by potential upside implied by the Graham Number.

**1. Warren Resources Inc. (NASDAQ:WRES):** Engages in the exploration, development, and production of onshore crude oil and gas reserves in the United States. Market cap at $217.94M, most recent closing price at $3.04. 5-year projected EPS growth at 19.50%. Diluted TTM earnings per share at 0.31, and a MRQ book value per share value at 2.59, implies a Graham Number fair value = sqrt(22.5*0.31*2.59) = $4.25. Based on the stock's price at $3.04, this implies a potential upside of 39.81% from current levels.

**2. Rowan Companies Inc. (NYSE:RDC):** Provides onshore and offshore oil and gas contract drilling services in the United States and internationally. Market cap at $4.46B, most recent closing price at $35.91. 5-year projected EPS growth at 18.14%. Diluted TTM earnings per share at 2.71, and a MRQ book value per share value at 35.95, implies a Graham Number fair value = sqrt(22.5*2.71*35.95) = $46.82. Based on the stock's price at $35.91, this implies a potential upside of 30.38% from current levels.

**3. Resolute Energy Corporation (NYSE:REN):** Engages in the acquisition, exploration, exploitation, and development of oil and gas properties primarily in onshore properties in the United States. Market cap at $573.72M, most recent closing price at $9.27. 5-year projected EPS growth at 22.23%. Diluted TTM earnings per share at 0.71, and a MRQ book value per share value at 8.96, implies a Graham Number fair value = sqrt(22.5*0.71*8.96) = $11.96. Based on the stock's price at $9.27, this implies a potential upside of 29.06% from current levels.

**4. Calumet Specialty Products Partners LP (NASDAQ:CLMT):** Produces and sells specialty hydrocarbon products in North America. Market cap at $1.53B, most recent closing price at $26.51. 5-year projected EPS growth at 26.08%. Diluted TTM earnings per share at 3.16, and a MRQ book value per share value at 16.02, implies a Graham Number fair value = sqrt(22.5*3.16*16.02) = $33.75. Based on the stock's price at $26.51, this implies a potential upside of 27.31% from current levels.

**5. Energy Transfer Partners LP (NYSE:ETP):** Engages in the natural gas midstream, and intrastate transportation and storage businesses in the United States. Market cap at $10.74B, most recent closing price at $43.75. 5-year projected EPS growth at 16.13%. Diluted TTM earnings per share at 4.71, and a MRQ book value per share value at 28.4, implies a Graham Number fair value = sqrt(22.5*4.71*28.4) = $54.86. Based on the stock's price at $43.75, this implies a potential upside of 25.4% from current levels.

**6. Unit Corp. (NYSE:UNT):** Engages in onshore contract drilling of oil and gas wells (for its own account as well as for other companies), exploration and production of oil and gas, and the gathering and transportation of natural gas primarily in the U. Market cap at $2.06B, most recent closing price at $42.46. 5-year projected EPS growth at 17.00%. Diluted TTM earnings per share at 2.88, and a MRQ book value per share value at 41.17, implies a Graham Number fair value = sqrt(22.5*2.88*41.17) = $51.65. Based on the stock's price at $42.46, this implies a potential upside of 21.65% from current levels.

**7. Synergy Resources Corporation (NYSEMKT:SYRG):** Engages in the acquisition, exploitation, exploration, development, and production of oil and natural gas properties primarily located in the Wattenberg field in Denver-Julesburg Basin in northeast Colorado. Market cap at $150.12M, most recent closing price at $2.92. 5-year projected EPS growth at 17.50%. Diluted TTM earnings per share at 0.27, and a MRQ book value per share value at 1.93, implies a Graham Number fair value = sqrt(22.5*0.27*1.93) = $3.42. Based on the stock's price at $2.92, this implies a potential upside of 17.27% 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. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.