CGCLF (Central Glass Co) Graham Number: $40.01 (As of Mar. 2026) — 7175% Above Median

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CGCLF Central Glass Co Ltd CGCLF
77 GF Score
Price $23.86
GF Value $19.05
! 6 Warning Signs
View Full Analysis

What is Central Glass Co Graham Number?

Central Glass Co CGCLF 77 Graham Number is $40.01 as of Mar. 2026, which is 7175% above its 10-year median of 0.55. GuruFocus rates CGCLF with a GF Score™ of 77/100 and a GF Value™ of $19.05. The stock has 6 warning signs investors should review. Among 1,153 Chemicals companies, Central Glass Co ranks better than 82.83% 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 (2026-07-17), the stock price of Central Glass Co is $23.86. Central Glass Co's graham number for the quarter that ended in Mar. 2026 was $40.01. Therefore, Central Glass Co's Price to Graham Number ratio for today is 0.60.

The historical rank and industry rank for Central Glass Co's Graham Number or its related term are showing as below:

CGCLF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.4   Med: 0.55   Max: 1.88
Current: 0.67

During the past 13 years, the highest Price to Graham Number ratio of Central Glass Co was 1.88. The lowest was 0.40. And the median was 0.55.

CGCLF's Price-to-Graham-Number is ranked better than
82.83% of 1153 companies
in the Chemicals industry
Industry Median: 1.46 vs CGCLF: 0.67

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Central Glass Co  (OTCPK:CGCLF) 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.

Central Glass Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=23.86/40.01
=0.60

* 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.


Central Glass Co Graham Number Related Terms


Central Glass Co Graham Number Historical Data

* Premium members only.

The historical data trend for Central Glass Co'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.

Central Glass Co Graham Number Chart

Central Glass Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 55.52 48.01 39.72 39.43

Central Glass Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.12 34.08 34.80 33.44 40.01

CGCLF vs LIN, SHW, ECL: Graham Number Comparison

For the Specialty Chemicals subindustry, Central Glass Co'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.


Central Glass Co Price-to-Graham-Number vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Central Glass Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Central Glass Co's Price-to-Graham-Number falls into.


CGCLF
77GF Score
Central Glass Co Ltd CGCLF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Central Glass Co Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Central Glass Co's Graham Number for the fiscal year that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*31.01*2.228)
=39.43

Central Glass Co's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*31.01*2.294)
=40.01

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of $40.01 mean?
Central Glass Co (CGCLF) has a Graham Number of $40.01 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Central Glass Co and its competitors. This is 7175% above median its historical median of 0.55. Over the past decade, Central Glass Co's Graham Number has ranged from 0.40 to 1.88. According to the industry distribution chart, Central Glass Co ranks #198 out of 1153 companies in the Chemicals industry, placing it in the top 17.2%.
Is Central Glass Co's Graham Number too high?
Central Glass Co's current Graham Number of $40.01 is 7175% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 1.88. The Chemicals industry median Graham Number is 1.46. Central Glass Co's value of $40.01 is 2640.4% above this industry median. Based on the distribution chart, Central Glass Co ranks #198 out of 1153 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Central Glass Co has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Central Glass Co's Graham Number compare to LIN and SHW?
According to the Chemicals industry distribution chart, Central Glass Co ranks #198 out of 1153 companies for Graham Number. This places Central Glass Co in the top 17% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.46. Central Glass Co's value of $40.01 is 2640.4% above this benchmark. Historically, Central Glass Co's own Graham Number has ranged from 0.40 to 1.88 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.46, Central Glass Co 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 Chemicals company?
The median Graham Number among Chemicals companies is 1.46, based on 1,153 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. Central Glass Co's current Graham Number of $40.01 is 2640.4% 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 Central Glass Co and its competitors. For the Chemicals industry, the median Graham Number is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Central Glass Co's current Graham Number is $40.01, which is 7175% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Central Glass Co stock overvalued right now?
Central Glass Co (CGCLF) has a current Graham Number of $40.01. The stock's GF Value™ is $19.05, compared to a current price of $23.86 — trading 25.2% above its estimated fair value. The current Graham Number is $40.01, which is 7175% above median its 10-year median of 0.55 and 2640.4% above the Chemicals industry median of 1.46. Central Glass Co's overall GF Score™ is 77/100 with 6 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 Central Glass Co (CGCLF), the current Graham Number is $40.01 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 Central Glass Co (CGCLF) Overvalued in 2026?

Based on GuruFocus' analysis, Central Glass Co stock appears to be overvalued. The current stock price of $23.86 is trading 25.2% above its estimated GF Value™ of $19.05.

Key valuation signals for CGCLF:

  • Graham Number: $40.01 (7175% above median its 10-year median of 0.55)
  • GF Value™: $19.05 vs. price of $23.86 (25.2% above fair value)
  • GF Score™: 77/100 with 6 warning signs
  • Industry Position: 2640.4% above the Chemicals median (#198 of 1153)

No single metric tells the full story. See the CGCLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Central Glass Co Business Description

Other Exchanges 4044:Japan
Address 7-1 Kanda-Nishikicho 3-chome, Kowa-Hitotsubashi Building, Chiyoda-ku, Tokyo, JPN, 101-0054
Central Glass Co Ltd manufactures and sells a variety of chemicals and glass-based products. The firm's two segments are based on product type. The glass segment, which generates the majority of revenue, sells architectural glass used in windows and other building components, automotive glass, and glass used in electronics for touchscreen panels and liquid-crystal display screens. The chemicals segment sells hydrogen fluoride used to make electronics and pharmaceuticals, fertilizers, soda ash and chloride used in water treatment and refrigerants, and glass fiber products. The majority of revenue comes from Japan and North America.
77GF Score

Get the complete analysis for CGCLF

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$23.86
Price
$19.05
GF Value