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Japan Cash Machine CoFRA:JCM -1.61%75 Graham Number is €8.95 as of Mar. 2026, which is 100% below its 10-year median of 1.09. GuruFocus rates FRA:JCM with a GF Score™ of 75/100 and a GF Value™ of €5.60. The stock has 2 warning signs investors should review. Among 2,209 Industrial Products companies, Japan Cash Machine Co ranks better than 87.1% 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.
The historical rank and industry rank for Japan Cash Machine Co's Graham Number or its related term are showing as below:
FRA:JCM'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.52 Med: 1.09 Max: 1.92
Current: 0.72
During the past 13 years, the highest Price to Graham Number ratio of Japan Cash Machine Co was 1.92. The lowest was 0.52. And the median was 1.09.
FRA:JCM's Price-to-Graham-Number is ranked better than 87.1% of 2209
companies
in the Industrial Products industry
Industry Median: 1.78
vs FRA:JCM: 0.72
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Japan Cash Machine Co (FRA:JCM) 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.
Japan Cash Machine Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
6.10
/
8.95
=
0.68
* 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.
Japan Cash Machine Co Graham Number Related Terms
Japan Cash Machine Co Graham Number Historical Data
* Premium members only.
The historical data trend for Japan Cash Machine 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.
Japan Cash Machine Co Graham Number Competitor Comparison
For the Business Equipment & Supplies subindustry, Japan Cash Machine 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.
Japan Cash Machine Co Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Japan Cash Machine Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Japan Cash Machine Co'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.
Japan Cash Machine Co (FRA:JCM) has a Graham Number of €8.95 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Japan Cash Machine Co and its competitors. This is 721% above median its historical median of 1.09. Over the past decade, Japan Cash Machine Co's Graham Number has ranged from 0.52 to 1.92. According to the industry distribution chart, Japan Cash Machine Co ranks #285 out of 2209 companies in the Industrial Products industry, placing it in the top 12.9%.
Is Japan Cash Machine Co's Graham Number too high?
Japan Cash Machine Co's current Graham Number of €8.95 is 721% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 1.92. Based on the distribution chart, Japan Cash Machine Co ranks #285 out of 2209 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Japan Cash Machine Co has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Japan Cash Machine Co's Graham Number compare to competitors?
According to the Industrial Products industry distribution chart, Japan Cash Machine Co ranks #285 out of 2209 companies for Graham Number. This places Japan Cash Machine Co in the top 13% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.78. Historically, Japan Cash Machine Co's own Graham Number has ranged from 0.52 to 1.92 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 an Industrial Products company?
The median Graham Number among Industrial Products companies is 1.78, based on 2,209 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 Japan Cash Machine Co and its competitors. For the Industrial Products industry, the median Graham Number is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Cash Machine Co's current Graham Number is €8.95, which is 721% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Cash Machine Co stock overvalued right now?
Japan Cash Machine Co (FRA:JCM) has a current Graham Number of €8.95. The stock's GF Value™ is €5.60, compared to a current price of €6.10 — trading 8.9% above its estimated fair value. The current Graham Number is €8.95, which is 721% above median its 10-year median of 1.09. Japan Cash Machine Co's overall GF Score™ is 75/100 with 2 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 Japan Cash Machine Co (FRA:JCM), the current Graham Number is €8.95 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 Japan Cash Machine Co (FRA:JCM) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Cash Machine Co stock appears to be overvalued.
The current stock price of €6.10 is trading 8.9% above its estimated GF Value™ of €5.60.
Key valuation signals for FRA:JCM:
Graham Number: €8.95 (721% above median its 10-year median of 1.09)
GF Value™: €5.60 vs. price of €6.10 (8.9% above fair value)
No single metric tells the full story. See the FRA:JCM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Cash Machine Co Ltd is engaged in the manufacture and sale of money-handling and amusement center machines. The company operates through four segments. Its Global gaming segment includes the trade of bill validators, recyclers, and printers for casinos and original equipment manufacturer customers. The Overseas commercial segment consists of the sale of machines to overseas financial, distribution and transportation markets. Its Domestic commercial segment comprises of marketing of bill recycler units coin dispensers and foreign currency exchange machines for domestic markets. The company's Equipment for amusement industry segment is involved in the provision of ball and medal lending machines for slot machines.
75GF Score
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