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HAZAMA ANDOHAZAF 84 Graham Number is $13.21 as of Mar. 2026, which is 1872% above its 10-year median of 0.67. GuruFocus rates HAZAF with a GF Score™ of 84/100 and a GF Value™ of $6.04. The stock has 2 warning signs investors should review. Among 1,216 Construction companies, HAZAMA ANDO ranks better than 57.57% 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 (2026-07-21), the stock price of HAZAMA ANDO is $7.77. HAZAMA ANDO's graham number for the quarter that ended in Mar. 2026 was $13.21. Therefore, HAZAMA ANDO's Price to Graham Number ratio for today is 0.59.
The historical rank and industry rank for HAZAMA ANDO's Graham Number or its related term are showing as below:
HAZAF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.59 Med: 0.67 Max: 0.95
Current: 0.87
During the past 13 years, the highest Price to Graham Number ratio of HAZAMA ANDO was 0.95. The lowest was 0.59. And the median was 0.67.
HAZAF's Price-to-Graham-Number is ranked better than 57.57% of 1216
companies
in the Construction industry
Industry Median: 0.99
vs HAZAF: 0.87
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
HAZAMA ANDO (OTCPK:HAZAF) 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.
HAZAMA ANDO's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
7.77
/
13.21
=
0.59
* 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.
HAZAMA ANDO Graham Number Related Terms
HAZAMA ANDO Graham Number Historical Data
* Premium members only.
The historical data trend for HAZAMA ANDO'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.
For the Engineering & Construction subindustry, HAZAMA ANDO'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.
HAZAMA ANDO Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, HAZAMA ANDO's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where HAZAMA ANDO'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.
HAZAMA ANDO (HAZAF) has a Graham Number of $13.21 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on HAZAMA ANDO and its competitors. This is 1872% above median its historical median of 0.67. Over the past decade, HAZAMA ANDO's Graham Number has ranged from 0.59 to 0.95. According to the industry distribution chart, HAZAMA ANDO ranks #516 out of 1216 companies in the Construction industry, placing it in the top 42.4%.
Is HAZAMA ANDO's Graham Number too high?
HAZAMA ANDO's current Graham Number of $13.21 is 1872% above median its 10-year median of 0.67. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 0.95. The Construction industry median Graham Number is 0.99. HAZAMA ANDO's value of $13.21 is 1234.3% above this industry median. Based on the distribution chart, HAZAMA ANDO ranks #516 out of 1216 companies in the Construction industry, which is above the industry midpoint. Overall, HAZAMA ANDO has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does HAZAMA ANDO's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, HAZAMA ANDO ranks #516 out of 1216 companies for Graham Number. This puts HAZAMA ANDO in the upper half of its industry. The industry median Graham Number is 0.99. HAZAMA ANDO's value of $13.21 is 1234.3% above this benchmark. Historically, HAZAMA ANDO's own Graham Number has ranged from 0.59 to 0.95 over the past decade. While the company's 10-year median is 0.67 vs. the industry median of 0.99, HAZAMA ANDO 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 a Construction company?
The median Graham Number among Construction companies is 0.99, based on 1,216 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. HAZAMA ANDO's current Graham Number of $13.21 is 1234.3% 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 HAZAMA ANDO and its competitors. For the Construction industry, the median Graham Number is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HAZAMA ANDO's current Graham Number is $13.21, which is 1872% above median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HAZAMA ANDO stock overvalued right now?
HAZAMA ANDO (HAZAF) has a current Graham Number of $13.21. The stock's GF Value™ is $6.04, compared to a current price of $7.77 — trading 28.6% above its estimated fair value. The current Graham Number is $13.21, which is 1872% above median its 10-year median of 0.67 and 1234.3% above the Construction industry median of 0.99. HAZAMA ANDO's overall GF Score™ is 84/100 with 2 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 HAZAMA ANDO (HAZAF), the current Graham Number is $13.21 as of Mar. 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 HAZAMA ANDO (HAZAF) Overvalued in 2026?
Based on GuruFocus' analysis, HAZAMA ANDO stock appears to be overvalued.
The current stock price of $7.77 is trading 28.6% above its estimated GF Value™ of $6.04.
Key valuation signals for HAZAF:
Graham Number: $13.21 (1872% above median its 10-year median of 0.67)
GF Value™: $6.04 vs. price of $7.77 (28.6% above fair value)
Industry Position: 1234.3% above the Construction median (#516 of 1216)
No single metric tells the full story. See the HAZAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HAZAMA ANDO Corp is a Japanese company which is mainly engaged in construction and construction-related business. The company has three reportable segments namely Civil Engineering, Building Construction and Consolidated Subsidiaries. The Civil Engineering services include surveys, measurements, planning, designing, execution, supervising, technical guidance commissioning, and consulting work. It also provides collection, handling, and disposal of waste, and consulting work relating to such business as well as an area development, urban development, and environmental improvements. The majority of the company's revenue comes from the domestic business in Japan.
84GF Score
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