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Japan Pulp and Paper CoJPPPF 67 Graham Number is $6.00 as of Mar. 2026, which is 953% above its 10-year median of 0.57. GuruFocus rates JPPPF with a GF Score™ of 67/100 and a GF Value™ of $2.84. The stock has 7 warning signs investors should review. Among 170 Forest Products companies, Japan Pulp and Paper Co ranks worse than 65.88% 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.
Japan Pulp and Paper Co (OTCPK:JPPPF) 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.
Japan Pulp and Paper Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4.64
/
6.44
=
0.72
* 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.
Japan Pulp and Paper Co Graham Number Related Terms
Japan Pulp and Paper Co Graham Number Historical Data
* 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.
Japan Pulp and Paper Co Graham Number Competitor Comparison
For the Paper & Paper Products subindustry, Japan Pulp and Paper Co'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.
Japan Pulp and Paper Co Price-to-Graham-Number vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Japan Pulp and Paper Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Japan Pulp and Paper Co'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.
Japan Pulp and Paper Co (JPPPF) has a Graham Number of $6.00 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Japan Pulp and Paper Co and its competitors. This is 953% above median its historical median of 0.57. Over the past decade, Japan Pulp and Paper Co's Graham Number has ranged from 0.39 to 1.33. According to the industry distribution chart, Japan Pulp and Paper Co ranks #112 out of 170 companies in the Forest Products industry, placing it in the top 65.9%.
Is Japan Pulp and Paper Co's Graham Number too high?
Japan Pulp and Paper Co's current Graham Number of $6.00 is 953% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.33. The Forest Products industry median Graham Number is 0.94. Japan Pulp and Paper Co's value of $6.00 is 538.3% above this industry median. Based on the distribution chart, Japan Pulp and Paper Co ranks #112 out of 170 companies in the Forest Products industry, which is below the industry midpoint. Overall, Japan Pulp and Paper Co has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Japan Pulp and Paper Co's Graham Number compare to competitors?
According to the Forest Products industry distribution chart, Japan Pulp and Paper Co ranks #112 out of 170 companies for Graham Number. This places Japan Pulp and Paper Co in the lower half of its industry. The industry median Graham Number is 0.94. Japan Pulp and Paper Co's value of $6.00 is 538.3% above this benchmark. Historically, Japan Pulp and Paper Co's own Graham Number has ranged from 0.39 to 1.33 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.94, Japan Pulp and Paper Co 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 Forest Products company?
The median Graham Number among Forest Products companies is 0.94, based on 170 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. Japan Pulp and Paper Co's current Graham Number of $6.00 is 538.3% 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 Japan Pulp and Paper Co and its competitors. For the Forest Products industry, the median Graham Number is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Japan Pulp and Paper Co's current Graham Number is $6.00, which is 953% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Pulp and Paper Co stock overvalued right now?
Japan Pulp and Paper Co (JPPPF) has a current Graham Number of $6.00. The stock's GF Value™ is $2.84, compared to a current price of $4.64 — trading 63.4% above its estimated fair value. The current Graham Number is $6.00, which is 953% above median its 10-year median of 0.57 and 538.3% above the Forest Products industry median of 0.94. Japan Pulp and Paper Co's overall GF Score™ is 67/100 with 7 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 Japan Pulp and Paper Co (JPPPF), the current Graham Number is $6.00 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 Japan Pulp and Paper Co (JPPPF) Overvalued in 2026?
Based on GuruFocus' analysis, Japan Pulp and Paper Co stock appears to be overvalued.
The current stock price of $4.64 is trading 63.4% above its estimated GF Value™ of $2.84.
Key valuation signals for JPPPF:
Graham Number: $6.00 (953% above median its 10-year median of 0.57)
GF Value™: $2.84 vs. price of $4.64 (63.4% above fair value)
Industry Position: 538.3% above the Forest Products median (#112 of 170)
No single metric tells the full story. See the JPPPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Japan Pulp and Paper Co Ltd engages in the manufacture, distribution, and sale of pulp, paper-related products, and plastic, among others. Also, the company is involved in real estate leasing and generation and sale of electricity.
67GF Score
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