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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.
The historical rank and industry rank for Shougang Fushan Resources Group's Graham Number or its related term are showing as below:
FSHYF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.41 Med: 0.49 Max: 1.94
Current: 0.79
During the past 13 years, the highest Price to Graham Number ratio of Shougang Fushan Resources Group was 1.94. The lowest was 0.41. And the median was 0.49.
FSHYF's Price-to-Graham-Number is ranked better than 56.26% of 423
companies
in the Steel industry
Industry Median: 0.94
vs FSHYF: 0.79
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Shougang Fushan Resources Group (OTCPK:FSHYF) 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.
Shougang Fushan Resources Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.3149
/
0.37
=
0.85
* 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.
Shougang Fushan Resources Group Graham Number Related Terms
Shougang Fushan Resources 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.
Shougang Fushan Resources Group Graham Number Chart
For the Coking Coal subindustry, Shougang Fushan Resources 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.
Shougang Fushan Resources Group Price-to-Graham-Number vs Steel Industry
For the Steel industry and Basic Materials sector, Shougang Fushan Resources Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Shougang Fushan Resources 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.
Shougang Fushan Resources Group (FSHYF) has a Graham Number of $0.37 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Shougang Fushan Resources Group and its competitors. This is 24% below median its historical median of 0.49. Over the past decade, Shougang Fushan Resources Group's Graham Number has ranged from 0.41 to 1.94. According to the industry distribution chart, Shougang Fushan Resources Group ranks #185 out of 423 companies in the Steel industry, placing it in the top 43.7%.
Is Shougang Fushan Resources Group's Graham Number too high?
Shougang Fushan Resources Group's current Graham Number of $0.37 is 24% below median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.41 to a high of 1.94. The Steel industry median Graham Number is 0.94. Shougang Fushan Resources Group's value of $0.37 is 60.6% below this industry median. Based on the distribution chart, Shougang Fushan Resources Group ranks #185 out of 423 companies in the Steel industry, which is above the industry midpoint. Overall, Shougang Fushan Resources Group has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shougang Fushan Resources Group's Graham Number compare to HCC and AMR?
According to the Steel industry distribution chart, Shougang Fushan Resources Group ranks #185 out of 423 companies for Graham Number. This puts Shougang Fushan Resources Group in the upper half of its industry. The industry median Graham Number is 0.94. Shougang Fushan Resources Group's value of $0.37 is 60.6% below this benchmark. Historically, Shougang Fushan Resources Group's own Graham Number has ranged from 0.41 to 1.94 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.94, Shougang Fushan Resources Group has consistently been below the industry average. 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 Steel company?
The median Graham Number among Steel companies is 0.94, based on 423 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. Shougang Fushan Resources Group's current Graham Number of $0.37 is 60.6% below the industry median. 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 Shougang Fushan Resources Group and its competitors. For the Steel industry, the median Graham Number is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shougang Fushan Resources Group's current Graham Number is $0.37, which is 24% below median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shougang Fushan Resources Group stock overvalued right now?
Based on GuruFocus' analysis, Shougang Fushan Resources Group (FSHYF) is currently considered Fairly Valued. The stock's GF Value™ is $0.34, compared to a current price of $0.31 — trading 7.4% below its estimated fair value. The current Graham Number is $0.37, which is 24% below median its 10-year median of 0.49 and 60.6% below the Steel industry median of 0.94. Shougang Fushan Resources Group's overall GF Score™ is 60/100 with 8 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 Shougang Fushan Resources Group (FSHYF), the current Graham Number is $0.37 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 Shougang Fushan Resources Group (FSHYF) Overvalued in 2026?
Based on GuruFocus' analysis, Shougang Fushan Resources Group stock appears to be undervalued.
The current stock price of $0.31 is trading 7.4% below its estimated GF Value™ of $0.34.
GuruFocus considers Shougang Fushan Resources Group to be Fairly Valued.
Key valuation signals for FSHYF:
Graham Number: $0.37 (24% below median its 10-year median of 0.49)
GF Value™: $0.34 vs. price of $0.31 (7.4% below fair value)
Industry Position: 60.6% below the Steel median (#185 of 423)
No single metric tells the full story. See the FSHYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shougang Fushan Resources Group Business Description
Shougang Fushan Resources Group Ltd is engaged in coking coal mining, producing, and selling coking coal products in the PRC. It derives revenue from the sale of clean coking coal, sales of self-produced by-products and trading of coal products. The Group operates coking coal mines and coal preparation plants. It has three premium operating coking coal mines in Liulin County, Shanxi Province (Xingwu Coal Mine, Jinjiazhuang Coal Mine and Zhaiyadi Coal Mine), along with three premium coking coal mines and the associated coal preparation plants for the production of raw and clean coking coal. The Group has a business presence in the PRC and Hong Kong. The Group generates overall revenue from the PRC.
60GF Score
Get the complete analysis for FSHYF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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