PT Fore Kopi Indonesia Tbk (ISX:FORE) Graham Number: Rp147.58 (As of Jun. 2026) — 3340% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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.

ISX:FORE PT Fore Kopi Indonesia Tbk ISX:FORE
8 GF Score
Price Rp635.00
! 1 Warning Sign
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What is PT Fore Kopi Indonesia Tbk Graham Number?

PT Fore Kopi Indonesia Tbk ISX:FORE -3.05% 8 Graham Number is Rp147.58 as of Jun. 2026, which is 100% below its 10-year median of 4.29. GuruFocus rates ISX:FORE with a GF Score™ of 8/100. The stock has 1 warning sign investors should review. Among 208 Restaurants companies, PT Fore Kopi Indonesia Tbk ranks worse than 84.13% 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 (2026-07-27), the stock price of PT Fore Kopi Indonesia Tbk is Rp635.00. PT Fore Kopi Indonesia Tbk's graham number for the quarter that ended in Jun. 2026 was Rp147.58. Therefore, PT Fore Kopi Indonesia Tbk's Price to Graham Number ratio for today is 4.30.

The historical rank and industry rank for PT Fore Kopi Indonesia Tbk's Graham Number or its related term are showing as below:

ISX:FORE' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 3.93   Med: 4.29   Max: 5.61
Current: 4.3

During the past 5 years, the highest Price to Graham Number ratio of PT Fore Kopi Indonesia Tbk was 5.61. The lowest was 3.93. And the median was 4.29.

ISX:FORE's Price-to-Graham-Number is ranked worse than
84.13% of 208 companies
in the Restaurants industry
Industry Median: 1.58 vs ISX:FORE: 4.30

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


PT Fore Kopi Indonesia Tbk  (ISX:FORE) 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.

PT Fore Kopi Indonesia Tbk's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=635.00/147.58
=4.30

* 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.


PT Fore Kopi Indonesia Tbk Graham Number Related Terms


PT Fore Kopi Indonesia Tbk Graham Number Historical Data

* Premium members only.

The historical data trend for PT Fore Kopi Indonesia Tbk'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.

PT Fore Kopi Indonesia Tbk Graham Number Chart

PT Fore Kopi Indonesia Tbk Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
0.00 0.00 6.19 64.84 137.74

PT Fore Kopi Indonesia Tbk Quarterly Data
Dec21 Dec22 Dec23 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 110.60 117.66 131.60 135.13 147.58

ISX:FORE vs MCD, SBUX, YUM: Graham Number Comparison

For the Restaurants subindustry, PT Fore Kopi Indonesia Tbk'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.


PT Fore Kopi Indonesia Tbk Price-to-Graham-Number vs Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, PT Fore Kopi Indonesia Tbk's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where PT Fore Kopi Indonesia Tbk's Price-to-Graham-Number falls into.


ISX:FORE
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PT Fore Kopi Indonesia Tbk ISX:FORE
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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PT Fore Kopi Indonesia Tbk Graham Number Calculation

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

PT Fore Kopi Indonesia Tbk'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*76.313*11.05)
=137.74

PT Fore Kopi Indonesia Tbk'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*82.716*11.703)
=147.58

* 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 Rp147.58 mean?
PT Fore Kopi Indonesia Tbk (ISX:FORE) has a Graham Number of Rp147.58 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on PT Fore Kopi Indonesia Tbk and its competitors. This is 3340% above median its historical median of 4.29. Over the past decade, PT Fore Kopi Indonesia Tbk's Graham Number has ranged from 3.93 to 5.61. According to the industry distribution chart, PT Fore Kopi Indonesia Tbk ranks #175 out of 208 companies in the Restaurants industry, placing it in the top 84.1%.
Is PT Fore Kopi Indonesia Tbk's Graham Number too high?
PT Fore Kopi Indonesia Tbk's current Graham Number of Rp147.58 is 3340% above median its 10-year median of 4.29. Over the past 10 years, this metric has ranged from a low of 3.93 to a high of 5.61. Based on the distribution chart, PT Fore Kopi Indonesia Tbk ranks #175 out of 208 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, PT Fore Kopi Indonesia Tbk has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does PT Fore Kopi Indonesia Tbk's Graham Number compare to MCD and SBUX?
According to the Restaurants industry distribution chart, PT Fore Kopi Indonesia Tbk ranks #175 out of 208 companies for Graham Number. This places PT Fore Kopi Indonesia Tbk in the lower half of its industry. The industry median Graham Number is 1.58. Historically, PT Fore Kopi Indonesia Tbk's own Graham Number has ranged from 3.93 to 5.61 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 Restaurants company?
The median Graham Number among Restaurants companies is 1.58, based on 208 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 PT Fore Kopi Indonesia Tbk and its competitors. For the Restaurants industry, the median Graham Number is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Fore Kopi Indonesia Tbk's current Graham Number is Rp147.58, which is 3340% above median its own 10-year median of 4.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Fore Kopi Indonesia Tbk stock overvalued right now?
PT Fore Kopi Indonesia Tbk (ISX:FORE) has a current Graham Number of Rp147.58. The current Graham Number is Rp147.58, which is 3340% above median its 10-year median of 4.29. PT Fore Kopi Indonesia Tbk's overall GF Score™ is 8/100 with 1 warning sign 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 PT Fore Kopi Indonesia Tbk (ISX:FORE), the current Graham Number is Rp147.58 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.

PT Fore Kopi Indonesia Tbk Business Description

Address Jalan Hayam Wuruk No. 28, RT 014/ RW 001, Graha Ganesha Building, 1st Floor Suite 120 & 130, Kebon Klapa Village, Gambir District, Central Jakarta, Jakarta, IDN, 10120
PT Fore Kopi Indonesia Tbk is a food & beverage company that operates under the brand name Fore and offers roasted coffee as its main product. The Company provides a coffee experience through premium products and packaging, available at outlets designed with a comfortable and aesthetic concept. The Company classified its business activities into three main segments, namely beverages, food, and others.
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