KTHGF (Kantone Holdings) Graham Number: $0.09 (As of Dec. 2025) — 88% Below 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.
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.

KTHGF Kantone Holdings Ltd KTHGF
52 GF Score
Price $0.05
GF Value $0.04
! 4 Warning Signs
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What is Kantone Holdings Graham Number?

Kantone Holdings KTHGF +7.95% 52 Graham Number is $0.09 as of Dec. 2025, which is 88% below its 10-year median of 0.76. GuruFocus rates KTHGF with a GF Score™ of 52/100 and a GF Value™ of $0.04. The stock has 4 warning signs investors should review. Among 1,479 Software companies, Kantone Holdings ranks better than 94.32% 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 (2026-07-24), the stock price of Kantone Holdings is $0.04858. Kantone Holdings's graham number for the quarter that ended in Dec. 2025 was $0.09. Therefore, Kantone Holdings's Price to Graham Number ratio for today is 0.53.

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

KTHGF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.1   Med: 0.76   Max: 1.52
Current: 0.49

During the past 13 years, the highest Price to Graham Number ratio of Kantone Holdings was 1.52. The lowest was 0.10. And the median was 0.76.

KTHGF's Price-to-Graham-Number is ranked better than
94.32% of 1479 companies
in the Software industry
Industry Median: 1.84 vs KTHGF: 0.49

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


Kantone Holdings  (OTCPK:KTHGF) 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.

Kantone Holdings's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=0.04858/0.09
=0.53

* 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.


Kantone Holdings Graham Number Related Terms


Kantone Holdings Graham Number Historical Data

* Premium members only.

The historical data trend for Kantone Holdings'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.

Kantone Holdings Graham Number Chart

Kantone Holdings Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.07 0.04 0.11 0.12

Kantone Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.11 0.11 0.09 0.12 0.09

KTHGF vs IBM, ACN, FISV: Graham Number Comparison

For the Information Technology Services subindustry, Kantone Holdings'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.


Kantone Holdings Price-to-Graham-Number vs Software Industry

For the Software industry and Technology sector, Kantone Holdings's Price-to-Graham-Number distribution charts can be found below:

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


KTHGF
52GF Score
Kantone Holdings Ltd KTHGF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kantone Holdings Graham Number Calculation

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

Kantone Holdings's Graham Number for the fiscal year that ended in Jun. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.075*0.008)
=0.12

Kantone Holdings'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*0.076*0.005)
=0.09

* 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 $0.09 mean?
Kantone Holdings (KTHGF) has a Graham Number of $0.09 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kantone Holdings and its competitors. This is 88% below median its historical median of 0.76. Over the past decade, Kantone Holdings' Graham Number has ranged from 0.10 to 1.52. According to the industry distribution chart, Kantone Holdings ranks #84 out of 1479 companies in the Software industry, placing it in the top 5.7%.
Is Kantone Holdings' Graham Number too high?
Kantone Holdings' current Graham Number of $0.09 is 88% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 1.52. The Software industry median Graham Number is 1.84. Kantone Holdings' value of $0.09 is 95.1% below this industry median. Based on the distribution chart, Kantone Holdings ranks #84 out of 1479 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Kantone Holdings has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Kantone Holdings' Graham Number compare to IBM and ACN?
According to the Software industry distribution chart, Kantone Holdings ranks #84 out of 1479 companies for Graham Number. This places Kantone Holdings in the top 6% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.84. Kantone Holdings' value of $0.09 is 95.1% below this benchmark. Historically, Kantone Holdings' own Graham Number has ranged from 0.10 to 1.52 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 1.84, Kantone Holdings has consistently been below 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 Software company?
The median Graham Number among Software companies is 1.84, based on 1,479 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. Kantone Holdings's current Graham Number of $0.09 is 95.1% below 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 Kantone Holdings and its competitors. For the Software industry, the median Graham Number is 1.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kantone Holdings's current Graham Number is $0.09, which is 88% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kantone Holdings stock overvalued right now?
Kantone Holdings (KTHGF) has a current Graham Number of $0.09. The stock's GF Value™ is $0.04, compared to a current price of $0.05 — trading 21.5% above its estimated fair value. The current Graham Number is $0.09, which is 88% below median its 10-year median of 0.76 and 95.1% below the Software industry median of 1.84. Kantone Holdings' overall GF Score™ is 52/100 with 4 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 Kantone Holdings (KTHGF), the current Graham Number is $0.09 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 Kantone Holdings (KTHGF) Overvalued in 2026?

Based on GuruFocus' analysis, Kantone Holdings stock appears to be overvalued. The current stock price of $0.05 is trading 21.5% above its estimated GF Value™ of $0.04.

Key valuation signals for KTHGF:

  • Graham Number: $0.09 (88% below median its 10-year median of 0.76)
  • GF Value™: $0.04 vs. price of $0.05 (21.5% above fair value)
  • GF Score™: 52/100 with 4 warning signs
  • Industry Position: 95.1% below the Software median (#84 of 1479)

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


Kantone Holdings Business Description

Other Exchanges 01059:Hong Kong
Address No. 21 Man Lok Street, Focal Industrial Centre, Unit 27A, 9th Floor, Block B, Hung Hom, Kowloon, Hong Kong, HKG
Kantone Holdings Ltd is an investment holding company. The company's operating segment includes Sales of cultural products; Technology: System sales including software licensing and services and Technology: Leasing of system products. It generates maximum revenue from the Technology: System sales including software licensing and services segment. Geographically, it derives a majority of its revenue from Europe (UK and Germany).
52GF Score

Get the complete analysis for KTHGF

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

$0.05
Price
$0.04
GF Value