Song Da (HSTC:SJG) Graham Number: ₫40,301.45 (As of Jun. 2026)

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:SJG Song Da Corp HSTC:SJG
72 GF Score
Price ₫20,000.00
GF Value ₫19,522.50
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Song Da Graham Number?

Song Da HSTC:SJG 72 Graham Number is ₫40,301.45 as of Jun. 2026. GuruFocus rates HSTC:SJG with a GF Score™ of 72/100 and a GF Value™ of ₫19,522.50 (Fairly Valued). The stock has 2 warning signs investors should review. Among 363 Conglomerates companies, Song Da ranks better than 78.79% 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 (2026-08-31), the stock price of Song Da is ₫20000.00. Song Da's graham number for the quarter that ended in Jun. 2026 was ₫40,301.45. Therefore, Song Da's Price to Graham Number ratio for today is 0.50.

The historical rank and industry rank for Song Da's Graham Number or its related term are showing as below:

HSTC:SJG' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.5   Med: 0.7   Max: 1.63
Current: 0.5

During the past 6 years, the highest Price to Graham Number ratio of Song Da was 1.63. The lowest was 0.50. And the median was 0.70.

HSTC:SJG's Price-to-Graham-Number is ranked better than
78.79% of 363 companies
in the Conglomerates industry
Industry Median: 0.89 vs HSTC:SJG: 0.50

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


Song Da  (HSTC:SJG) 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.

Song Da's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=20000.00/40,301.45
=0.50

* 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.


Song Da Graham Number Related Terms


Song Da Graham Number Historical Data

* Premium members only.

The historical data trend for Song Da'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.

Song Da Graham Number Chart

Song Da Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 13,567.76 0.00 17,203.63 20,704.62 36,469.83

Song Da Quarterly Data
Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 28,588.86 30,463.01 35,506.28 37,716.74 40,301.45

HSTC:SJG vs MMM, HON: Graham Number Comparison

For the Conglomerates subindustry, Song Da'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.


Song Da Price-to-Graham-Number vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Song Da's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Song Da's Price-to-Graham-Number falls into.


HSTC:SJG
72GF Score
Song Da Corp HSTC:SJG
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Song Da Graham Number Calculation

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

Song Da'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*16626.388*3555.389)
=36,469.83

Song Da's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*18857.619*3828)
=40,301.45

* 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 ₫40,301.45 mean?
Song Da (HSTC:SJG) has a Graham Number of ₫40,301.45 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Song Da and its competitors. According to the industry distribution chart, Song Da ranks #77 out of 363 companies in the Conglomerates industry, placing it in the top 21.2%.
Is Song Da's Graham Number too high?
Song Da's current Graham Number is ₫40,301.45. Based on the distribution chart, Song Da ranks #77 out of 363 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, Song Da has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Song Da's Graham Number compare to MMM and HON?
According to the Conglomerates industry distribution chart, Song Da ranks #77 out of 363 companies for Graham Number. This places Song Da in the top 21% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.89. 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 Conglomerates company?
The median Graham Number among Conglomerates companies is 0.89, based on 363 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 Song Da and its competitors. For the Conglomerates industry, the median Graham Number is 0.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Song Da's current Graham Number is ₫40,301.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Song Da stock overvalued right now?
Based on GuruFocus' analysis, Song Da (HSTC:SJG) is currently considered Fairly Valued. The stock's GF Value™ is ₫19,522.50, compared to a current price of ₫20,000.00 — trading 2.4% above its estimated fair value. The current Graham Number is ₫40,301.45. Song Da's overall GF Score™ is 72/100 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 Song Da (HSTC:SJG), the current Graham Number is ₫40,301.45 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 Song Da (HSTC:SJG) Overvalued in 2026?

Based on GuruFocus' analysis, Song Da stock appears to be overvalued. The current stock price of ₫20,000.00 is trading 2.4% above its estimated GF Value™ of ₫19,522.50. GuruFocus considers Song Da to be Fairly Valued.

Key valuation signals for HSTC:SJG:

  • Graham Number: ₫40,301.45
  • GF Value™: ₫19,522.50 vs. price of ₫20,000.00 (2.4% above fair value)
  • GF Score™: 72/100 with 2 warning signs

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


Song Da Business Description

Address No. 493 Nguyen Trai street, G10 building, Thanh Xuan Nam ward, Thanh Nam district, Hanoi, VNM
Song Da Corp is engaged in business include: production and trading of electricity, construction, installation and trading of real estate. It also includes activities such as General contractor for construction (EPC general contractor) and construction and installation of traffic, industrial, civil, electricity, irrigation, complex underground works; Construction and foundation treatment of works; Construction of houses of all kinds; Trading in commercial electricity; Manufacturing and trading in equipment, Construction materials; Manufacture and install industrial equipment and machinery; Investment, development and business in urban areas, industrial parks and economic zones; Renting office. The company's segments include: Industrial production Construction installation and Others.
72GF Score

Get the complete analysis for HSTC:SJG

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

₫20,000.00
Price
₫19,522.50
GF Value