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Kokusai ElectricFRA:69B +7.55%33 Graham Number is €6.47 as of Mar. 2026, which is 100% below its 10-year median of 4.31. GuruFocus rates FRA:69B with a GF Score™ of 33/100 and a GF Value™ of €23.04 (Significantly Overvalued). Among 657 Semiconductors companies, Kokusai Electric ranks worse than 82.95% 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 (2026-08-05), the stock price of Kokusai Electric is €45.60. Kokusai Electric's graham number for the quarter that ended in Mar. 2026 was €6.47. Therefore, Kokusai Electric's Price to Graham Number ratio for today is 7.05.
The historical rank and industry rank for Kokusai Electric's Graham Number or its related term are showing as below:
FRA:69B'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.19 Med: 4.31 Max: 7.42
Current: 7.3
During the past 5 years, the highest Price to Graham Number ratio of Kokusai Electric was 7.42. The lowest was 2.19. And the median was 4.31.
FRA:69B's Price-to-Graham-Number is ranked worse than 82.95% of 657
companies
in the Semiconductors industry
Industry Median: 2.68
vs FRA:69B: 7.30
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Kokusai Electric (FRA:69B) 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.
Kokusai Electric's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
45.60
/
6.47
=
7.05
* 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.
Kokusai Electric Graham Number Related Terms
Kokusai Electric Graham Number Historical Data
* Premium members only.
The historical data trend for Kokusai Electric'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.
FRA:69B vs AMAT, LRCX, KLAC: Graham Number Comparison
For the Semiconductor Equipment & Materials subindustry, Kokusai Electric'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.
Kokusai Electric Price-to-Graham-Number vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Kokusai Electric's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Kokusai Electric'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.
Kokusai Electric (FRA:69B) has a Graham Number of €6.47 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kokusai Electric and its competitors. This is 50% above median its historical median of 4.31. Over the past decade, Kokusai Electric's Graham Number has ranged from 2.19 to 7.42. According to the industry distribution chart, Kokusai Electric ranks #545 out of 657 companies in the Semiconductors industry, placing it in the top 83%.
Is Kokusai Electric's Graham Number too high?
Kokusai Electric's current Graham Number of €6.47 is 50% above median its 10-year median of 4.31. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 7.42. Based on the distribution chart, Kokusai Electric ranks #545 out of 657 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Kokusai Electric has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kokusai Electric's Graham Number compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Kokusai Electric ranks #545 out of 657 companies for Graham Number. This places Kokusai Electric in the lower half of its industry. The industry median Graham Number is 2.68. Historically, Kokusai Electric's own Graham Number has ranged from 2.19 to 7.42 over the past decade. 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 Semiconductors company?
The median Graham Number among Semiconductors companies is 2.68, based on 657 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. 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 Kokusai Electric and its competitors. For the Semiconductors industry, the median Graham Number is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kokusai Electric's current Graham Number is €6.47, which is 50% above median its own 10-year median of 4.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kokusai Electric stock overvalued right now?
Based on GuruFocus' analysis, Kokusai Electric (FRA:69B) is currently considered Significantly Overvalued. The stock's GF Value™ is €23.04, compared to a current price of €45.60 — trading 97.9% above its estimated fair value. The current Graham Number is €6.47, which is 50% above median its 10-year median of 4.31. Kokusai Electric's overall GF Score™ is 33/100. 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 Kokusai Electric (FRA:69B), the current Graham Number is €6.47 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 Kokusai Electric (FRA:69B) Overvalued in 2026?
Based on GuruFocus' analysis, Kokusai Electric stock appears to be overvalued.
The current stock price of €45.60 is trading 97.9% above its estimated GF Value™ of €23.04.
GuruFocus considers Kokusai Electric to be Significantly Overvalued.
Key valuation signals for FRA:69B:
Graham Number: €6.47 (50% above median its 10-year median of 4.31)
GF Value™: €23.04 vs. price of €45.60 (97.9% above fair value)
No single metric tells the full story. See the FRA:69B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kokusai Electric Corp is engaged in the semiconductor manufacturing equipment business. The company operates as a single business segment focused on the development, manufacture, and supply of semiconductor production equipment used in the fabrication of electronic components. The main products include batch film deposition equipment, treatment equipment for film quality improvement, units for measuring instruments and cleaning equipment, and others.
33GF Score
Get the complete analysis for FRA:69B
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