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ITO ENITONF 67 Graham Number is $12.59 as of Apr. 2026, which is 351% above its 10-year median of 2.79. GuruFocus rates ITONF with a GF Score™ of 67/100 and a GF Value™ of $79.32. The stock has 1 warning sign investors should review. Among 85 Beverages - Non-Alcoholic companies, ITO EN ranks better than 50.59% 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 (2026-08-10), the stock price of ITO EN is $61.41. ITO EN's graham number for the quarter that ended in Apr. 2026 was $12.59. Therefore, ITO EN's Price to Graham Number ratio for today is 4.88.
The historical rank and industry rank for ITO EN's Graham Number or its related term are showing as below:
ITONF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.48 Med: 2.79 Max: 4.29
Current: 1.52
During the past 13 years, the highest Price to Graham Number ratio of ITO EN was 4.29. The lowest was 1.48. And the median was 2.79.
ITONF's Price-to-Graham-Number is ranked better than 50.59% of 85
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.53
vs ITONF: 1.52
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
ITO EN's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
61.41
/
12.59
=
4.88
* 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.
ITO EN Graham Number Related Terms
ITO EN Graham Number Historical Data
* Premium members only.
The historical data trend for ITO EN'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.
For the Beverages - Non-Alcoholic subindustry, ITO EN'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.
ITO EN Price-to-Graham-Number vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, ITO EN's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where ITO EN'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.
ITO EN (ITONF) has a Graham Number of $12.59 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on ITO EN and its competitors. This is 351% above median its historical median of 2.79. Over the past decade, ITO EN's Graham Number has ranged from 1.48 to 4.29. According to the industry distribution chart, ITO EN ranks #42 out of 85 companies in the Beverages - Non-Alcoholic industry, placing it in the top 49.4%.
Is ITO EN's Graham Number too high?
ITO EN's current Graham Number of $12.59 is 351% above median its 10-year median of 2.79. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 4.29. The Beverages - Non-Alcoholic industry median Graham Number is 1.53. ITO EN's value of $12.59 is 722.9% above this industry median. Based on the distribution chart, ITO EN ranks #42 out of 85 companies in the Beverages - Non-Alcoholic industry, which is above the industry midpoint. Overall, ITO EN has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does ITO EN's Graham Number compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, ITO EN ranks #42 out of 85 companies for Graham Number. This puts ITO EN in the upper half of its industry. The industry median Graham Number is 1.53. ITO EN's value of $12.59 is 722.9% above this benchmark. Historically, ITO EN's own Graham Number has ranged from 1.48 to 4.29 over the past decade. While the company's 10-year median is 2.79 vs. the industry median of 1.53, ITO EN has consistently been above the industry average. 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 Beverages - Non-Alcoholic company?
The median Graham Number among Beverages - Non-Alcoholic companies is 1.53, based on 85 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. ITO EN's current Graham Number of $12.59 is 722.9% 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 ITO EN and its competitors. For the Beverages - Non-Alcoholic industry, the median Graham Number is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ITO EN's current Graham Number is $12.59, which is 351% above median its own 10-year median of 2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ITO EN stock overvalued right now?
ITO EN (ITONF) has a current Graham Number of $12.59. The stock's GF Value™ is $79.32, compared to a current price of $61.41 — trading 22.6% below its estimated fair value. The current Graham Number is $12.59, which is 351% above median its 10-year median of 2.79 and 722.9% above the Beverages - Non-Alcoholic industry median of 1.53. ITO EN's overall GF Score™ is 67/100 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 ITO EN (ITONF), the current Graham Number is $12.59 as of Apr. 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 ITO EN (ITONF) Overvalued in 2026?
Based on GuruFocus' analysis, ITO EN stock appears to be undervalued.
The current stock price of $61.41 is trading 22.6% below its estimated GF Value™ of $79.32.
Key valuation signals for ITONF:
Graham Number: $12.59 (351% above median its 10-year median of 2.79)
GF Value™: $79.32 vs. price of $61.41 (22.6% below fair value)
Industry Position: 722.9% above the Beverages - Non-Alcoholic median (#42 of 85)
No single metric tells the full story. See the ITONF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ITO EN Ltd makes beverages and other tea and nutritional products that it sells in Japan. Ito En primarily sells green tea products, including ready-to-drink beverages, tea bags, and other tea leaf products, under its Oi Ocha brand. Other beverages the company sells include black tea, Chinese tea, coffee, vegetable beverages, fruit beverages, mineral water, and functional beverages. The Leaf- and Drink-Related business segment makes up roughly 90% of the company's total revenue. Most remaining revenue is generated from Ito En's restaurant business, which operates hundreds of Tully's coffee shops in Japan.
67GF Score
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