Forest Products Export of Quang Nam JSC (HSTC:FRC) Graham Number: ₫59,029.60 (As of Dec. 2025) — 15135695% 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.
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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:FRC Forest Products Export of Quang Nam JSC HSTC:FRC
59 GF Score
Price ₫25,000.00
GF Value ₫16,903.80
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Forest Products Export of Quang Nam JSC Graham Number?

Forest Products Export of Quang Nam JSC HSTC:FRC 59 Graham Number is ₫59,029.60 as of Dec. 2025, which is 100% below its 10-year median of 0.39. GuruFocus rates HSTC:FRC with a GF Score™ of 59/100 and a GF Value™ of ₫16,903.80 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 283 Furnishings, Fixtures & Appliances companies, Forest Products Export of Quang Nam JSC ranks better than 91.17% 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 (2026-07-30), the stock price of Forest Products Export of Quang Nam JSC is ₫25000.00. Forest Products Export of Quang Nam JSC's graham number for the quarter that ended in Dec. 2025 was ₫59,029.60. Therefore, Forest Products Export of Quang Nam JSC's Price to Graham Number ratio for today is 0.42.

The historical rank and industry rank for Forest Products Export of Quang Nam JSC's Graham Number or its related term are showing as below:

HSTC:FRC' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.35   Med: 0.39   Max: 1.93
Current: 0.42

During the past 9 years, the highest Price to Graham Number ratio of Forest Products Export of Quang Nam JSC was 1.93. The lowest was 0.35. And the median was 0.39.

HSTC:FRC's Price-to-Graham-Number is ranked better than
91.17% of 283 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.11 vs HSTC:FRC: 0.42

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


Forest Products Export of Quang Nam JSC  (HSTC:FRC) 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.

Forest Products Export of Quang Nam JSC's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=25000.00/59,029.60
=0.42

* 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.


Forest Products Export of Quang Nam JSC Graham Number Related Terms


Forest Products Export of Quang Nam JSC Graham Number Historical Data

* Premium members only.

The historical data trend for Forest Products Export of Quang Nam 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.

Forest Products Export of Quang Nam JSC Graham Number Chart

Forest Products Export of Quang Nam JSC Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only 102,236.01 88,468.94 12,393.53 77,496.18 59,029.60

Forest Products Export of Quang Nam JSC Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number Get a 7-Day Free Trial Premium Member Only 102,236.01 88,468.94 12,393.53 77,496.18 59,029.60

HSTC:FRC vs SN, SGI, MHK: Graham Number Comparison

For the Furnishings, Fixtures & Appliances subindustry, Forest Products Export of Quang Nam 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.


Forest Products Export of Quang Nam JSC Price-to-Graham-Number vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Forest Products Export of Quang Nam JSC's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Forest Products Export of Quang Nam JSC's Price-to-Graham-Number falls into.


HSTC:FRC
59GF Score
Forest Products Export of Quang Nam JSC HSTC:FRC
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Forest Products Export of Quang Nam JSC Graham Number Calculation

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

Forest Products Export of Quang Nam 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*55787.604*2776)
=59,029.60

Forest Products Export of Quang Nam JSC'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*55787.604*2776)
=59,029.60

* 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 ₫59,029.60 mean?
Forest Products Export of Quang Nam JSC (HSTC:FRC) has a Graham Number of ₫59,029.60 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Forest Products Export of Quang Nam JSC and its competitors. This is 15135695% above median its historical median of 0.39. Over the past decade, Forest Products Export of Quang Nam JSC's Graham Number has ranged from 0.35 to 1.93. According to the industry distribution chart, Forest Products Export of Quang Nam JSC ranks #25 out of 283 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 8.8%.
Is Forest Products Export of Quang Nam JSC's Graham Number too high?
Forest Products Export of Quang Nam JSC's current Graham Number of ₫59,029.60 is 15135695% above median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 1.93. Based on the distribution chart, Forest Products Export of Quang Nam JSC ranks #25 out of 283 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, Forest Products Export of Quang Nam JSC has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forest Products Export of Quang Nam JSC's Graham Number compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Forest Products Export of Quang Nam JSC ranks #25 out of 283 companies for Graham Number. This places Forest Products Export of Quang Nam JSC in the top 9% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.11. Historically, Forest Products Export of Quang Nam JSC's own Graham Number has ranged from 0.35 to 1.93 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 Furnishings, Fixtures & Appliances company?
The median Graham Number among Furnishings, Fixtures & Appliances companies is 1.11, based on 283 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 Forest Products Export of Quang Nam JSC and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Graham Number is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forest Products Export of Quang Nam JSC's current Graham Number is ₫59,029.60, which is 15135695% above median its own 10-year median of 0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forest Products Export of Quang Nam JSC stock overvalued right now?
Based on GuruFocus' analysis, Forest Products Export of Quang Nam JSC (HSTC:FRC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₫16,903.80, compared to a current price of ₫25,000.00 — trading 47.9% above its estimated fair value. The current Graham Number is ₫59,029.60, which is 15135695% above median its 10-year median of 0.39. Forest Products Export of Quang Nam JSC's overall GF Score™ is 59/100 with 9 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 Forest Products Export of Quang Nam JSC (HSTC:FRC), the current Graham Number is ₫59,029.60 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 Forest Products Export of Quang Nam JSC (HSTC:FRC) Overvalued in 2026?

Based on GuruFocus' analysis, Forest Products Export of Quang Nam JSC stock appears to be overvalued. The current stock price of ₫25,000.00 is trading 47.9% above its estimated GF Value™ of ₫16,903.80. GuruFocus considers Forest Products Export of Quang Nam JSC to be Significantly Overvalued.

Key valuation signals for HSTC:FRC:

  • Graham Number: ₫59,029.60 (15135695% above median its 10-year median of 0.39)
  • GF Value™: ₫16,903.80 vs. price of ₫25,000.00 (47.9% above fair value)
  • GF Score™: 59/100 with 9 warning signs

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


Forest Products Export of Quang Nam JSC Business Description

Address 210 Tran Hung Dao Street, Dien Ngoc Ward, Dien Ban Town, Quang Nam, VNM
Forest Products Export of Quang Nam JSC specializing in manufacturing outdoor and indoor furniture in Vietnam. Its products include Bench with central table; Folding Armchair; Position Chair; Bar Chair and Other.
59GF Score

Get the complete analysis for HSTC:FRC

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

₫25,000.00
Price
₫16,903.80
GF Value