Mitsui High-tec (FSE:6966) Graham Number: 円743.08 (As of Jan. 2026) — 53359% 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:6966 Mitsui High-tec Inc FSE:6966
88 GF Score
Price 円901.00
GF Value 円888.97
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Mitsui High-tec Graham Number?

Mitsui High-tec FSE:6966 88 Graham Number is 円743.08 as of Jan. 2026, which is 100% below its 10-year median of 1.39. GuruFocus rates FSE:6966 with a GF Score™ of 88/100 and a GF Value™ of 円888.97 (Fairly Valued). The stock has 4 warning signs investors should review. Among 664 Semiconductors companies, Mitsui High-tec ranks better than 86.3% 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 (2026-08-18), the stock price of Mitsui High-tec is 円901.00. Mitsui High-tec's graham number for the quarter that ended in Jan. 2026 was 円743.08. Therefore, Mitsui High-tec's Price to Graham Number ratio for today is 0.99.

The historical rank and industry rank for Mitsui High-tec's Graham Number or its related term are showing as below:

FSE:6966' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.78   Med: 1.39   Max: 2.65
Current: 1.05

During the past 13 years, the highest Price to Graham Number ratio of Mitsui High-tec was 2.65. The lowest was 0.78. And the median was 1.39.

FSE:6966's Price-to-Graham-Number is ranked better than
86.3% of 664 companies
in the Semiconductors industry
Industry Median: 2.91 vs FSE:6966: 1.05

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


Mitsui High-tec  (FSE:6966) 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.

Mitsui High-tec's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jan. 2026 )
=901.00/910.89
=0.99

* 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.


Mitsui High-tec Graham Number Related Terms


Mitsui High-tec Graham Number Historical Data

* Premium members only.

The historical data trend for Mitsui High-tec'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.

Mitsui High-tec Graham Number Chart

Mitsui High-tec Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 702.76 976.90 1,050.52 952.82 743.07

Mitsui High-tec Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 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 771.19 833.07 887.34 743.08 925.09

FSE:6966 vs NVDA, AVGO, MU: Graham Number Comparison

For the Semiconductors subindustry, Mitsui High-tec'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.


Mitsui High-tec Price-to-Graham-Number vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Mitsui High-tec's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Mitsui High-tec's Price-to-Graham-Number falls into.


FSE:6966
88GF Score
Mitsui High-tec Inc FSE:6966
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsui High-tec Graham Number Calculation

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

Mitsui High-tec's Graham Number for the fiscal year that ended in Jan. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*607.188*40.416)
=743.07

Mitsui High-tec's Graham Number for the quarter that ended in Jan. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*607.188*60.733)
=910.89

* 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743.08 mean?
Mitsui High-tec (FSE:6966) has a Graham Number of 円743.08 as of Jan. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Mitsui High-tec and its competitors. This is 53359% above median its historical median of 1.39. Over the past decade, Mitsui High-tec's Graham Number has ranged from 0.78 to 2.65. According to the industry distribution chart, Mitsui High-tec ranks #91 out of 664 companies in the Semiconductors industry, placing it in the top 13.7%.
Is Mitsui High-tec's Graham Number too high?
Mitsui High-tec's current Graham Number of 円743.08 is 53359% above median its 10-year median of 1.39. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 2.65. Based on the distribution chart, Mitsui High-tec ranks #91 out of 664 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Mitsui High-tec has a GF Score™ of 88/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mitsui High-tec's Graham Number compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Mitsui High-tec ranks #91 out of 664 companies for Graham Number. This places Mitsui High-tec in the top 14% of its industry — outperforming the majority of peers. The industry median Graham Number is 2.91. Historically, Mitsui High-tec's own Graham Number has ranged from 0.78 to 2.65 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 Semiconductors company?
The median Graham Number among Semiconductors companies is 2.91, based on 664 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 Mitsui High-tec and its competitors. For the Semiconductors industry, the median Graham Number is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsui High-tec's current Graham Number is 円743.08, which is 53359% above median its own 10-year median of 1.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsui High-tec stock overvalued right now?
Based on GuruFocus' analysis, Mitsui High-tec (FSE:6966) is currently considered Fairly Valued. The stock's GF Value™ is 円888.97, compared to a current price of 円901.00 — trading 1.4% above its estimated fair value. The current Graham Number is 円743.08, which is 53359% above median its 10-year median of 1.39. Mitsui High-tec's overall GF Score™ is 88/100 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 Mitsui High-tec (FSE:6966), the current Graham Number is 円743.08 as of Jan. 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 Mitsui High-tec (FSE:6966) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsui High-tec stock appears to be overvalued. The current stock price of 円901.00 is trading 1.4% above its estimated GF Value™ of 円888.97. GuruFocus considers Mitsui High-tec to be Fairly Valued.

Key valuation signals for FSE:6966:

  • Graham Number: 円743.08 (53359% above median its 10-year median of 1.39)
  • GF Value™: 円888.97 vs. price of 円901.00 (1.4% above fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the FSE:6966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mitsui High-tec Business Description

Other Exchanges MHTCF:USA6966:Japan
Address 2-10-1,Komine, Yahatanishi-ku, Kitakyushu, JPN, 807-8588
Mitsui High-tec Inc manufactures and sells lead frame, motor core, precision tooling and machine tools in Japan. Its precision tooling/precision parts products include motor core dies, lead frame dies, mold dies, trim and form dies, and other type of stamping tools used in motor cores and IC lead frames, electric motor cores, automobile components, coins, and resin injection molding. It also provides open lead frames for semiconductor packages; and motor parts.
88GF Score

Get the complete analysis for FSE:6966

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

円901.00
Price
円888.97
GF Value