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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.
As of today (2026-09-09), the stock price of Himax Technologies is $13.97. Himax Technologies's graham number for the quarter that ended in Jun. 2026 was $5.10. Therefore, Himax Technologies's Price to Graham Number ratio for today is 2.74.
The historical rank and industry rank for Himax Technologies's Graham Number or its related term are showing as below:
HIMX'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.28 Med: 1.5 Max: 10.62
Current: 2.74
During the past 13 years, the highest Price to Graham Number ratio of Himax Technologies was 10.62. The lowest was 0.28. And the median was 1.50.
HIMX's Price-to-Graham-Number is ranked worse than 55.84% of 693
companies
in the Semiconductors industry
Industry Median: 2.51
vs HIMX: 2.74
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Himax Technologies (NAS:HIMX) 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.
Himax Technologies's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
13.97
/
5.10
=
2.74
* 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.
Himax Technologies Graham Number Related Terms
Himax Technologies Graham Number Historical Data
* Premium members only.
The historical data trend for Himax Technologies'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.
HIMX vs LASR, POWI, NVTS: Graham Number Comparison
For the Semiconductors subindustry, Himax Technologies'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.
Himax Technologies Price-to-Graham-Number vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Himax Technologies's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Himax Technologies'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.
Himax Technologies (HIMX) has a Graham Number of $5.10 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Himax Technologies and its competitors. According to the industry distribution chart, Himax Technologies ranks #387 out of 693 companies in the Semiconductors industry, placing it in the top 55.8%.
Is Himax Technologies' Graham Number too high?
Himax Technologies' current Graham Number is $5.10. The Semiconductors industry median Graham Number is 2.51. Himax Technologies' value of $5.10 is 103.2% above this industry median. Based on the distribution chart, Himax Technologies ranks #387 out of 693 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Himax Technologies has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Himax Technologies' Graham Number compare to LASR and POWI?
According to the Semiconductors industry distribution chart, Himax Technologies ranks #387 out of 693 companies for Graham Number. This places Himax Technologies in the lower half of its industry. The industry median Graham Number is 2.51. Himax Technologies' value of $5.10 is 103.2% above this benchmark. 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 2.51, based on 693 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. Himax Technologies's current Graham Number of $5.10 is 103.2% 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 Himax Technologies and its competitors. For the Semiconductors industry, the median Graham Number is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Himax Technologies's current Graham Number is $5.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Himax Technologies stock overvalued right now?
Based on GuruFocus' analysis, Himax Technologies (HIMX) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.72, compared to a current price of $13.97 — trading 81% above its estimated fair value. The current Graham Number is $5.10 and 103.2% above the Semiconductors industry median of 2.51. Himax Technologies' overall GF Score™ is 70/100 with 6 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 Himax Technologies (HIMX), the current Graham Number is $5.10 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 Himax Technologies (HIMX) Overvalued in 2026?
Based on GuruFocus' analysis, Himax Technologies stock appears to be overvalued.
The current stock price of $13.97 is trading 81% above its estimated GF Value™ of $7.72.
GuruFocus considers Himax Technologies to be Significantly Overvalued.
Key valuation signals for HIMX:
Graham Number: $5.10
GF Value™: $7.72 vs. price of $13.97 (81% above fair value)
Industry Position: 103.2% above the Semiconductors median (#387 of 693)
No single metric tells the full story. See the HIMX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Himax Technologies Inc is a semiconductor solution provider dedicated to display imaging processing technologies. It operates through the Driver Integrated Circuit and Non-Driver Products segments. The majority of the firm's revenue is derived from the Driver Integrated Circuit segment. It offers display driver ICs and timing controllers used in TVs, laptops, monitors, mobile phones, tablets, digital cameras, virtual reality (VR) devices, and many other consumer electronics devices. It also designs and provides controllers for touch sensor displays, in-cell Touch and Display Driver Integration single-chip solutions, LED driver ICs, power management ICs, and scaler products for monitors and projectors. Geographically, it generates the majority of its revenue from China.
70GF Score
Get the complete analysis for HIMX
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