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Tsuzuki Denki CoFRA:Q73 +0.91%59 Graham Number is €23.35 as of Mar. 2026, which is 100% below its 10-year median of 0.60. GuruFocus rates FRA:Q73 with a GF Score™ of 59/100 and a GF Value™ of €11.70. The stock has 4 warning signs investors should review. Among 371 Conglomerates companies, Tsuzuki Denki Co ranks worse than 55.26% 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 (2026-08-08), the stock price of Tsuzuki Denki Co is €22.20. Tsuzuki Denki Co's graham number for the quarter that ended in Mar. 2026 was €23.35. Therefore, Tsuzuki Denki Co's Price to Graham Number ratio for today is 0.98.
The historical rank and industry rank for Tsuzuki Denki Co's Graham Number or its related term are showing as below:
FRA:Q73'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.33 Med: 0.6 Max: 1.01
Current: 1.01
During the past 13 years, the highest Price to Graham Number ratio of Tsuzuki Denki Co was 1.01. The lowest was 0.33. And the median was 0.60.
FRA:Q73's Price-to-Graham-Number is ranked worse than 55.26% of 371
companies
in the Conglomerates industry
Industry Median: 0.93
vs FRA:Q73: 1.01
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Tsuzuki Denki Co (FRA:Q73) 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.
Tsuzuki Denki Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
22.20
/
22.55
=
0.98
* 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.
Tsuzuki Denki Co Graham Number Related Terms
Tsuzuki Denki Co Graham Number Historical Data
* Premium members only.
The historical data trend for Tsuzuki Denki 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.
For the Conglomerates subindustry, Tsuzuki Denki 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.
Tsuzuki Denki Co Price-to-Graham-Number vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Tsuzuki Denki Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Tsuzuki Denki 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.
Tsuzuki Denki Co (FRA:Q73) has a Graham Number of €23.35 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tsuzuki Denki Co and its competitors. This is 3792% above median its historical median of 0.60. Over the past decade, Tsuzuki Denki Co's Graham Number has ranged from 0.33 to 1.01. According to the industry distribution chart, Tsuzuki Denki Co ranks #205 out of 371 companies in the Conglomerates industry, placing it in the top 55.3%.
Is Tsuzuki Denki Co's Graham Number too high?
Tsuzuki Denki Co's current Graham Number of €23.35 is 3792% above median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.01. Based on the distribution chart, Tsuzuki Denki Co ranks #205 out of 371 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Tsuzuki Denki Co has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Tsuzuki Denki Co's Graham Number compare to MMM and HON?
According to the Conglomerates industry distribution chart, Tsuzuki Denki Co ranks #205 out of 371 companies for Graham Number. This places Tsuzuki Denki Co in the lower half of its industry. The industry median Graham Number is 0.93. Historically, Tsuzuki Denki Co's own Graham Number has ranged from 0.33 to 1.01 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 Conglomerates company?
The median Graham Number among Conglomerates companies is 0.93, based on 371 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 Tsuzuki Denki Co and its competitors. For the Conglomerates industry, the median Graham Number is 0.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsuzuki Denki Co's current Graham Number is €23.35, which is 3792% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsuzuki Denki Co stock overvalued right now?
Tsuzuki Denki Co (FRA:Q73) has a current Graham Number of €23.35. The stock's GF Value™ is €11.70, compared to a current price of €22.20 — trading 89.7% above its estimated fair value. The current Graham Number is €23.35, which is 3792% above median its 10-year median of 0.60. Tsuzuki Denki Co's overall GF Score™ is 59/100 with 4 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 Tsuzuki Denki Co (FRA:Q73), the current Graham Number is €23.35 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 Tsuzuki Denki Co (FRA:Q73) Overvalued in 2026?
Based on GuruFocus' analysis, Tsuzuki Denki Co stock appears to be overvalued.
The current stock price of €22.20 is trading 89.7% above its estimated GF Value™ of €11.70.
Key valuation signals for FRA:Q73:
Graham Number: €23.35 (3792% above median its 10-year median of 0.60)
GF Value™: €11.70 vs. price of €22.20 (89.7% above fair value)
No single metric tells the full story. See the FRA:Q73 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tsuzuki Denki Co Ltd engages in provision of information network system solution services. Its electronic devices comprise logic ICs, memory ICs, discrete semiconductors, compound semiconductors, relays, connectors, mouse, display panels, circuit boards, communication modules, and other components. The company's information equipment includes hard disks, PC/servers, printers, and other electronic devices; computer supplies, such as toners, ink ribbons, papers, and data media; computer-related products consisting of PC peripherals and network equipment; stationary/office supplies; and office solutions comprising interior design/construction. The company serves customers in the fields of manufacturing, distribution and services, medical and welfare, public and education, and financial.
59GF Score
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