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Future Innovation GroupFSE:4392 57 Graham Number is 円372.01 as of Jun. 2026, which is 100% below its 10-year median of 1.16. GuruFocus rates FSE:4392 with a GF Score™ of 57/100 and a GF Value™ of 円400.69. The stock has 1 warning sign investors should review. Among 1,629 Hardware companies, Future Innovation Group ranks worse than 70.35% 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.
Future Innovation Group (FSE:4392) 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.
Future Innovation Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
1628.00
/
372.01
=
4.38
* 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.
Future Innovation Group Graham Number Related Terms
Future Innovation Group Graham Number Historical Data
* 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.
FSE:4392 vs CSCO, MSI, HPE: Graham Number Comparison
For the Communication Equipment subindustry, Future Innovation Group'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.
Future Innovation Group Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, Future Innovation Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Future Innovation Group'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.
Future Innovation Group (FSE:4392) has a Graham Number of 円372.01 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Future Innovation Group and its competitors. This is 31970% above median its historical median of 1.16. Over the past decade, Future Innovation Group's Graham Number has ranged from 0.77 to 3.21. According to the industry distribution chart, Future Innovation Group ranks #1146 out of 1629 companies in the Hardware industry, placing it in the top 70.3%.
Is Future Innovation Group's Graham Number too high?
Future Innovation Group's current Graham Number of 円372.01 is 31970% above median its 10-year median of 1.16. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 3.21. Based on the distribution chart, Future Innovation Group ranks #1146 out of 1629 companies in the Hardware industry, which is below the industry midpoint. Overall, Future Innovation Group has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Future Innovation Group's Graham Number compare to CSCO and MSI?
According to the Hardware industry distribution chart, Future Innovation Group ranks #1146 out of 1629 companies for Graham Number. This places Future Innovation Group in the lower half of its industry. The industry median Graham Number is 1.94. Historically, Future Innovation Group's own Graham Number has ranged from 0.77 to 3.21 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 Hardware company?
The median Graham Number among Hardware companies is 1.94, based on 1,629 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 Future Innovation Group and its competitors. For the Hardware industry, the median Graham Number is 1.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Future Innovation Group's current Graham Number is 円372.01, which is 31970% above median its own 10-year median of 1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Future Innovation Group stock overvalued right now?
Future Innovation Group (FSE:4392) has a current Graham Number of 円372.01. The stock's GF Value™ is 円400.69, compared to a current price of 円1,628.00 — trading 306.3% above its estimated fair value. The current Graham Number is 円372.01, which is 31970% above median its 10-year median of 1.16. Future Innovation Group's overall GF Score™ is 57/100 with 1 warning sign 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 Future Innovation Group (FSE:4392), the current Graham Number is 円372.01 as of Jun. 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 Future Innovation Group (FSE:4392) Overvalued in 2026?
Based on GuruFocus' analysis, Future Innovation Group stock appears to be overvalued.
The current stock price of 円1,628.00 is trading 306.3% above its estimated GF Value™ of 円400.69.
Key valuation signals for FSE:4392:
Graham Number: 円372.01 (31970% above median its 10-year median of 1.16)
GF Value™: 円400.69 vs. price of 円1,628.00 (306.3% above fair value)
No single metric tells the full story. See the FSE:4392 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Future Innovation Group Inc is engaged in the sale and development of a mobile management system, accompanied by the communication, application services, and maintenance support. The company is also engaged in the management of business subsidiaries and all incidentals or any businesses related to sale and manufacturing of automobile mounting related equipment and manufacturing of molds for the semiconductor.
57GF Score
Get the complete analysis for FSE:4392
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