Truck-One Co (FSE:3047) Graham Number: 円1,495.76 (As of Dec. 2025) — 241152% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

FSE:3047 Truck-One Co Ltd FSE:3047
59 GF Score
Price 円935.00
GF Value 円452.79
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Truck-One Co Graham Number?

Truck-One Co FSE:3047 +1.85% 59 Graham Number is 円1,495.76 as of Dec. 2025, which is 100% below its 10-year median of 0.62. GuruFocus rates FSE:3047 with a GF Score™ of 59/100 and a GF Value™ of 円452.79 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 985 Vehicles & Parts companies, Truck-One Co ranks better than 79.8% 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 (2026-08-16), the stock price of Truck-One Co is 円935.00. Truck-One Co's graham number for the quarter that ended in Dec. 2025 was 円1,495.76. Therefore, Truck-One Co's Price to Graham Number ratio for today is 0.60.

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

FSE:3047' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.33   Med: 0.62   Max: 1.36
Current: 0.58

During the past 13 years, the highest Price to Graham Number ratio of Truck-One Co was 1.36. The lowest was 0.33. And the median was 0.62.

FSE:3047's Price-to-Graham-Number is ranked better than
79.8% of 985 companies
in the Vehicles & Parts industry
Industry Median: 1.19 vs FSE:3047: 0.58

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


Truck-One Co  (FSE:3047) 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.

Truck-One Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=935.00/1,564.40
=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.


Truck-One Co Graham Number Related Terms


Truck-One Co Graham Number Historical Data

* Premium members only.

The historical data trend for Truck-One 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.

Truck-One Co Graham Number Chart

Truck-One Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 426.55 578.99 613.16 966.13 1,495.76

Truck-One Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 963.63 1,025.30 1,148.69 1,495.76 1,613.69

FSE:3047 vs CVNA, PAG, KMX: Graham Number Comparison

For the Auto & Truck Dealerships subindustry, Truck-One 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.


Truck-One Co Price-to-Graham-Number vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Truck-One Co's Price-to-Graham-Number distribution charts can be found below:

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


FSE:3047
59GF Score
Truck-One Co Ltd FSE:3047
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Truck-One Co Graham Number Calculation

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

Truck-One Co's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*643.024*154.637)
=1,495.76

Truck-One Co's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*643.024*169.155)
=1,564.40

* 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 円1,495.76 mean?
Truck-One Co (FSE:3047) has a Graham Number of 円1,495.76 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Truck-One Co and its competitors. This is 241152% above median its historical median of 0.62. Over the past decade, Truck-One Co's Graham Number has ranged from 0.33 to 1.36. According to the industry distribution chart, Truck-One Co ranks #199 out of 985 companies in the Vehicles & Parts industry, placing it in the top 20.2%.
Is Truck-One Co's Graham Number too high?
Truck-One Co's current Graham Number of 円1,495.76 is 241152% above median its 10-year median of 0.62. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.36. Based on the distribution chart, Truck-One Co ranks #199 out of 985 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Truck-One Co has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Truck-One Co's Graham Number compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Truck-One Co ranks #199 out of 985 companies for Graham Number. This places Truck-One Co in the top 20% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.19. Historically, Truck-One Co's own Graham Number has ranged from 0.33 to 1.36 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 Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.19, based on 985 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 Truck-One Co and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Truck-One Co's current Graham Number is 円1,495.76, which is 241152% above median its own 10-year median of 0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Truck-One Co stock overvalued right now?
Based on GuruFocus' analysis, Truck-One Co (FSE:3047) is currently considered Significantly Overvalued. The stock's GF Value™ is 円452.79, compared to a current price of 円935.00 — trading 106.5% above its estimated fair value. The current Graham Number is 円1,495.76, which is 241152% above median its 10-year median of 0.62. Truck-One Co's overall GF Score™ is 59/100 with 3 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 Truck-One Co (FSE:3047), the current Graham Number is 円1,495.76 as of Dec. 2025. 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 Truck-One Co (FSE:3047) Overvalued in 2026?

Based on GuruFocus' analysis, Truck-One Co stock appears to be overvalued. The current stock price of 円935.00 is trading 106.5% above its estimated GF Value™ of 円452.79. GuruFocus considers Truck-One Co to be Significantly Overvalued.

Key valuation signals for FSE:3047:

  • Graham Number: 円1,495.76 (241152% above median its 10-year median of 0.62)
  • GF Value™: 円452.79 vs. price of 円935.00 (106.5% above fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the FSE:3047 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Truck-One Co Business Description

Address No. 3 No. 40 South Third Street Ikunoya, Kudamatsu, Yamaguchi, JPN, 744-0033
Truck-One Co Ltd is a Japanese firm. It is engaged in the purchase and sale of used vehicles. It also rents and repairs trucks. It offers trailer truck, dump truck, vehicle carrier, container truck, refrigerator truck, mixer truck, wing truck, tractor, and crane trucks.
59GF Score

Get the complete analysis for FSE:3047

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

円935.00
Price
円452.79
GF Value