GUNGF (GungHo Online Entertainment) Graham Number: $8.02 (As of Dec. 2025) — 833% Above Median

Author: Vera Yuan Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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.

GUNGF GungHo Online Entertainment Inc GUNGF
74 GF Score
Price $15.80
GF Value $17.87
! 5 Warning Signs
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What is GungHo Online Entertainment Graham Number?

GungHo Online Entertainment GUNGF 74 Graham Number is $8.02 as of Dec. 2025, which is 833% above its 10-year median of 0.86. GuruFocus rates GUNGF with a GF Score™ of 74/100 and a GF Value™ of $17.87. The stock has 5 warning signs investors should review. Among 282 Interactive Media companies, GungHo Online Entertainment ranks worse than 70.21% 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 (2026-08-05), the stock price of GungHo Online Entertainment is $15.80. GungHo Online Entertainment's graham number for the quarter that ended in Dec. 2025 was $8.02. Therefore, GungHo Online Entertainment's Price to Graham Number ratio for today is 2.03.

The historical rank and industry rank for GungHo Online Entertainment's Graham Number or its related term are showing as below:

GUNGF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.59   Med: 0.86   Max: 2.12
Current: 1.99

During the past 13 years, the highest Price to Graham Number ratio of GungHo Online Entertainment was 2.12. The lowest was 0.59. And the median was 0.86.

GUNGF's Price-to-Graham-Number is ranked worse than
70.21% of 282 companies
in the Interactive Media industry
Industry Median: 1.385 vs GUNGF: 1.99

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


GungHo Online Entertainment  (OTCPK:GUNGF) 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.

GungHo Online Entertainment's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=15.80/7.78
=2.03

* 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.


GungHo Online Entertainment Graham Number Related Terms


GungHo Online Entertainment Graham Number Historical Data

* Premium members only.

The historical data trend for GungHo Online Entertainment'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.

GungHo Online Entertainment Graham Number Chart

GungHo Online Entertainment 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 30.07 26.77 24.82 19.97 7.63

GungHo Online Entertainment Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 17.79 14.97 13.19 8.02 7.57

GUNGF vs NTES, EA, TTWO: Graham Number Comparison

For the Electronic Gaming & Multimedia subindustry, GungHo Online Entertainment'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.


GungHo Online Entertainment Price-to-Graham-Number vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, GungHo Online Entertainment's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where GungHo Online Entertainment's Price-to-Graham-Number falls into.


GUNGF
74GF Score
GungHo Online Entertainment Inc GUNGF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GungHo Online Entertainment Graham Number Calculation

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

GungHo Online Entertainment'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*14.452*0.179)
=7.63

GungHo Online Entertainment'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*14.452*0.186)
=7.78

* 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 $8.02 mean?
GungHo Online Entertainment (GUNGF) has a Graham Number of $8.02 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on GungHo Online Entertainment and its competitors. This is 833% above median its historical median of 0.86. Over the past decade, GungHo Online Entertainment's Graham Number has ranged from 0.59 to 2.12. According to the industry distribution chart, GungHo Online Entertainment ranks #198 out of 282 companies in the Interactive Media industry, placing it in the top 70.2%.
Is GungHo Online Entertainment's Graham Number too high?
GungHo Online Entertainment's current Graham Number of $8.02 is 833% above median its 10-year median of 0.86. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 2.12. The Interactive Media industry median Graham Number is 1.39. GungHo Online Entertainment's value of $8.02 is 479.1% above this industry median. Based on the distribution chart, GungHo Online Entertainment ranks #198 out of 282 companies in the Interactive Media industry, which is below the industry midpoint. Overall, GungHo Online Entertainment has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does GungHo Online Entertainment's Graham Number compare to NTES and EA?
According to the Interactive Media industry distribution chart, GungHo Online Entertainment ranks #198 out of 282 companies for Graham Number. This places GungHo Online Entertainment in the lower half of its industry. The industry median Graham Number is 1.39. GungHo Online Entertainment's value of $8.02 is 479.1% above this benchmark. Historically, GungHo Online Entertainment's own Graham Number has ranged from 0.59 to 2.12 over the past decade. While the company's 10-year median is 0.86 vs. the industry median of 1.39, GungHo Online Entertainment has consistently been above 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 an Interactive Media company?
The median Graham Number among Interactive Media companies is 1.39, based on 282 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. GungHo Online Entertainment's current Graham Number of $8.02 is 479.1% above 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 GungHo Online Entertainment and its competitors. For the Interactive Media industry, the median Graham Number is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GungHo Online Entertainment's current Graham Number is $8.02, which is 833% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GungHo Online Entertainment stock overvalued right now?
GungHo Online Entertainment (GUNGF) has a current Graham Number of $8.02. The stock's GF Value™ is $17.87, compared to a current price of $15.80 — trading 11.6% below its estimated fair value. The current Graham Number is $8.02, which is 833% above median its 10-year median of 0.86 and 479.1% above the Interactive Media industry median of 1.39. GungHo Online Entertainment's overall GF Score™ is 74/100 with 5 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 GungHo Online Entertainment (GUNGF), the current Graham Number is $8.02 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 GungHo Online Entertainment (GUNGF) Overvalued in 2026?

Based on GuruFocus' analysis, GungHo Online Entertainment stock appears to be undervalued. The current stock price of $15.80 is trading 11.6% below its estimated GF Value™ of $17.87.

Key valuation signals for GUNGF:

  • Graham Number: $8.02 (833% above median its 10-year median of 0.86)
  • GF Value™: $17.87 vs. price of $15.80 (11.6% below fair value)
  • GF Score™: 74/100 with 5 warning signs
  • Industry Position: 479.1% above the Interactive Media median (#198 of 282)

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


GungHo Online Entertainment Business Description

Other Exchanges 3765:Japan
Address 1-11-1, Pacific Century Place Marunouchi, Marunouchi, Chiyodaku, Tokyo, JPN, 100-6221
GungHo Online Entertainment Inc is a Japanese company that plans, develops, publishes, and distributes online video games. Its portfolio includes games for smartphones, PCs, consoles, and handheld gaming devices. The company operates across several business segments, including the operation and distribution of smartphone games; the planning, development, and sale of console games; and the planning, development, licensing, and distribution of PC online games. Additionally, it is involved in the development and delivery of games for smartphones, consoles, and portable gaming platforms.
74GF Score

Get the complete analysis for GUNGF

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

$15.80
Price
$17.87
GF Value