Construction No.1 JSC (HSTC:CC1) Graham Number: ₫12,165.51 (As of Mar. 2026) — 988966% 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.

HSTC:CC1 Construction Corp No.1 JSC HSTC:CC1
65 GF Score
Price ₫38,000.00
GF Value ₫28,917.75
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Construction No.1 JSC Graham Number?

Construction No.1 JSC HSTC:CC1 65 Graham Number is ₫12,165.51 as of Mar. 2026, which is 100% below its 10-year median of 1.23. GuruFocus rates HSTC:CC1 with a GF Score™ of 65/100 and a GF Value™ of ₫28,917.75 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,217 Construction companies, Construction No.1 JSC ranks worse than 86.77% 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 (2026-08-01), the stock price of Construction No.1 JSC is ₫38000.00. Construction No.1 JSC's graham number for the quarter that ended in Mar. 2026 was ₫12,165.51. Therefore, Construction No.1 JSC's Price to Graham Number ratio for today is 3.12.

The historical rank and industry rank for Construction No.1 JSC's Graham Number or its related term are showing as below:

HSTC:CC1' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.32   Med: 1.23   Max: 6.02
Current: 3.12

During the past 7 years, the highest Price to Graham Number ratio of Construction No.1 JSC was 6.02. The lowest was 0.32. And the median was 1.23.

HSTC:CC1's Price-to-Graham-Number is ranked worse than
86.77% of 1217 companies
in the Construction industry
Industry Median: 1 vs HSTC:CC1: 3.12

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


Construction No.1 JSC  (HSTC:CC1) 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.

Construction No.1 JSC's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=38000.00/12,165.51
=3.12

* 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.


Construction No.1 JSC Graham Number Related Terms


Construction No.1 JSC Graham Number Historical Data

* Premium members only.

The historical data trend for Construction No.1 JSC'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.

Construction No.1 JSC Graham Number Chart

Construction No.1 JSC Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 0.00 10,089.51 0.00 5,823.21 4,987.08

Construction No.1 JSC 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 11,712.06 12,300.49 15,262.08 12,169.36 12,165.51

HSTC:CC1 vs PWR, FIX, EME: Graham Number Comparison

For the Engineering & Construction subindustry, Construction No.1 JSC'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.


Construction No.1 JSC Price-to-Graham-Number vs Construction Industry

For the Construction industry and Industrials sector, Construction No.1 JSC's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Construction No.1 JSC's Price-to-Graham-Number falls into.


HSTC:CC1
65GF Score
Construction Corp No.1 JSC HSTC:CC1
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Construction No.1 JSC Graham Number Calculation

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

Construction No.1 JSC'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*10988.505*100.594)
=4,987.08

Construction No.1 JSC's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*11020.781*596.851)
=12,165.51

* 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 ₫12,165.51 mean?
Construction No.1 JSC (HSTC:CC1) has a Graham Number of ₫12,165.51 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Construction No.1 JSC and its competitors. This is 988966% above median its historical median of 1.23. Over the past decade, Construction No.1 JSC's Graham Number has ranged from 0.32 to 6.02. According to the industry distribution chart, Construction No.1 JSC ranks #1056 out of 1217 companies in the Construction industry, placing it in the top 86.8%.
Is Construction No.1 JSC's Graham Number too high?
Construction No.1 JSC's current Graham Number of ₫12,165.51 is 988966% above median its 10-year median of 1.23. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 6.02. Based on the distribution chart, Construction No.1 JSC ranks #1056 out of 1217 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Construction No.1 JSC has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Construction No.1 JSC's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, Construction No.1 JSC ranks #1056 out of 1217 companies for Graham Number. This places Construction No.1 JSC in the lower half of its industry. The industry median Graham Number is 1.00. Historically, Construction No.1 JSC's own Graham Number has ranged from 0.32 to 6.02 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 Construction company?
The median Graham Number among Construction companies is 1.00, based on 1,217 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 Construction No.1 JSC and its competitors. For the Construction industry, the median Graham Number is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Construction No.1 JSC's current Graham Number is ₫12,165.51, which is 988966% above median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Construction No.1 JSC stock overvalued right now?
Based on GuruFocus' analysis, Construction No.1 JSC (HSTC:CC1) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫28,917.75, compared to a current price of ₫38,000.00 — trading 31.4% above its estimated fair value. The current Graham Number is ₫12,165.51, which is 988966% above median its 10-year median of 1.23. Construction No.1 JSC's overall GF Score™ is 65/100 with 3 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 Construction No.1 JSC (HSTC:CC1), the current Graham Number is ₫12,165.51 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 Construction No.1 JSC (HSTC:CC1) Overvalued in 2026?

Based on GuruFocus' analysis, Construction No.1 JSC stock appears to be overvalued. The current stock price of ₫38,000.00 is trading 31.4% above its estimated GF Value™ of ₫28,917.75. GuruFocus considers Construction No.1 JSC to be Significantly Overvalued.

Key valuation signals for HSTC:CC1:

  • Graham Number: ₫12,165.51 (988966% above median its 10-year median of 1.23)
  • GF Value™: ₫28,917.75 vs. price of ₫38,000.00 (31.4% above fair value)
  • GF Score™: 65/100 with 3 warning signs

No single metric tells the full story. See the HSTC:CC1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Construction No.1 JSC Business Description

Address 111A Pasteur, Sai Gon Ward, Ho Chi Minh City, VNM
Construction Corp No.1 JSC is a reputable construction company in infrastructure, civil and industrial works in Vietnam.
65GF Score

Get the complete analysis for HSTC:CC1

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

₫38,000.00
Price
₫28,917.75
GF Value