Good Com Asset Co (FSE:3475) Graham Number: 円841.42 (As of Apr. 2026) — 86644% Above Median

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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.

FSE:3475 Good Com Asset Co Ltd FSE:3475
82 GF Score
Price 円1,575.00
GF Value 円2,052.51
Valuation Modestly Undervalued
! 11 Warning Signs
View Full Analysis

What is Good Com Asset Co Graham Number?

Good Com Asset Co FSE:3475 +0.19% 82 Graham Number is 円841.42 as of Apr. 2026, which is 100% below its 10-year median of 0.97. GuruFocus rates FSE:3475 with a GF Score™ of 82/100 and a GF Value™ of 円2,052.51 (Modestly Undervalued). The stock has 11 warning signs investors should review. Among 1,170 Real Estate companies, Good Com Asset Co ranks worse than 85.04% 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 Good Com Asset Co is 円1575.00. Good Com Asset Co's graham number for the quarter that ended in Apr. 2026 was 円841.42. Therefore, Good Com Asset Co's Price to Graham Number ratio for today is 1.87.

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

FSE:3475' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.59   Med: 0.97   Max: 1.87
Current: 1.87

During the past 12 years, the highest Price to Graham Number ratio of Good Com Asset Co was 1.87. The lowest was 0.59. And the median was 0.97.

FSE:3475's Price-to-Graham-Number is ranked worse than
85.04% of 1170 companies
in the Real Estate industry
Industry Median: 0.74 vs FSE:3475: 1.87

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


Good Com Asset Co  (FSE:3475) 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.

Good Com Asset Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Apr. 2026 )
=1575.00/841.42
=1.87

* 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.


Good Com Asset Co Graham Number Related Terms


Good Com Asset Co Graham Number Historical Data

* Premium members only.

The historical data trend for Good Com Asset 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.

Good Com Asset Co Graham Number Chart

Good Com Asset Co Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 707.03 950.10 588.89 1,121.35 754.52

Good Com Asset Co Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 450.51 1,121.36 1,212.70 764.08 841.42

Good Com Asset Co Graham Number Competitor Comparison

For the Real Estate - Diversified subindustry, Good Com Asset 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.


Good Com Asset Co Price-to-Graham-Number vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Good Com Asset Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Good Com Asset Co's Price-to-Graham-Number falls into.


FSE:3475
82GF Score
Good Com Asset Co Ltd FSE:3475
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Good Com Asset Co Graham Number Calculation

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

Good Com Asset Co's Graham Number for the fiscal year that ended in Oct. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*486.999*51.956)
=754.52

Good Com Asset Co's Graham Number for the quarter that ended in Apr. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*480.396*65.5)
=841.42

* 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841.42 mean?
Good Com Asset Co (FSE:3475) has a Graham Number of 円841.42 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Good Com Asset Co and its competitors. This is 86644% above median its historical median of 0.97. Over the past decade, Good Com Asset Co's Graham Number has ranged from 0.59 to 1.87. According to the industry distribution chart, Good Com Asset Co ranks #995 out of 1170 companies in the Real Estate industry, placing it in the top 85%.
Is Good Com Asset Co's Graham Number too high?
Good Com Asset Co's current Graham Number of 円841.42 is 86644% above median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 1.87. Based on the distribution chart, Good Com Asset Co ranks #995 out of 1170 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Good Com Asset Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Good Com Asset Co's Graham Number compare to competitors?
According to the Real Estate industry distribution chart, Good Com Asset Co ranks #995 out of 1170 companies for Graham Number. This places Good Com Asset Co in the lower half of its industry. The industry median Graham Number is 0.74. Historically, Good Com Asset Co's own Graham Number has ranged from 0.59 to 1.87 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,170 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 Good Com Asset Co and its competitors. For the Real Estate industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Good Com Asset Co's current Graham Number is 円841.42, which is 86644% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Good Com Asset Co stock overvalued right now?
Based on GuruFocus' analysis, Good Com Asset Co (FSE:3475) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,052.51, compared to a current price of 円1,575.00 — trading 23.3% below its estimated fair value. The current Graham Number is 円841.42, which is 86644% above median its 10-year median of 0.97. Good Com Asset Co's overall GF Score™ is 82/100 with 11 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 Good Com Asset Co (FSE:3475), the current Graham Number is 円841.42 as of Apr. 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 Good Com Asset Co (FSE:3475) Overvalued in 2026?

Based on GuruFocus' analysis, Good Com Asset Co stock appears to be undervalued. The current stock price of 円1,575.00 is trading 23.3% below its estimated GF Value™ of 円2,052.51. GuruFocus considers Good Com Asset Co to be Modestly Undervalued.

Key valuation signals for FSE:3475:

  • Graham Number: 円841.42 (86644% above median its 10-year median of 0.97)
  • GF Value™: 円2,052.51 vs. price of 円1,575.00 (23.3% below fair value)
  • GF Score™: 82/100 with 11 warning signs

No single metric tells the full story. See the FSE:3475 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Good Com Asset Co Business Description

Other Exchanges 3475:Japan
Address 7-20-1, Nishishinjuku, 17th Floor, Sumitomo Fudosan Nishi-Shinjuku Building, Shinjuku-ku, Tokyo, JPN, 160-0023
Good Com Asset Co Ltd is a Japan-based company mainly engaged in planning, development, sale and management of newly built apartments. It engages in planning, developing, managing, and selling mansions in Japan. It is also providing rent management and real estate consultancy services, as well as property and casualty insurance products.
82GF Score

Get the complete analysis for FSE:3475

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

円1,575.00
Price
円2,052.51
GF Value