Composite foam sensors presenting promising applications in pressure sensors require seamless integration of conductive additives, simplicity of manufacturing with minimum footprint, and consistent performance with optimum mechanical properties. Here, a resistive‐type foam sensor based on polyvinyl alcohol (PVA) containing high loading of water‐based graphene slurry (30 vol%) developed by in situ condensation is presented. The composite foam sensor exhibits an open‐cell structure with high electrical conductivity (13.3 × 10–2 S m−1), high sensitivity (S = 8.2 ± 0.7 for pressure <1 kPa), and minimum response time (8 ms). The effect of processing on porosity and the corresponding disparity in the electromechanical performance of the foam sensors is witnessed. A systematic method to evaluate the mechanical properties of foam sensors as per foam standards is described. In addition to assessing the electromechanical properties, the graphene‐based foam sensor is calibrated for the first time. The calibration curve and accuracy of the foam sensor are correlated to their morphology. Synthesis and facile integration of graphene in composites, their mechanical, electromechanical characteristics, and calibration of sensors are demonstrated. Furthermore, it is shown that the sensors can empower human‐machine interface systems using a custom‐developed user interface.