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Murata Manufacturing CoMRAAF -2.26%74 Graham Number is $13.02 as of Mar. 2026, which is 745% above its 10-year median of 1.54. GuruFocus rates MRAAF with a GF Score™ of 74/100 and a GF Value™ of $23.02 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,623 Hardware companies, Murata Manufacturing Co ranks worse than 76.89% 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.
Murata Manufacturing Co (OTCPK:MRAAF) 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.
Murata Manufacturing Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
53.386
/
13.02
=
4.10
* 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.
Murata Manufacturing Co Graham Number Related Terms
Murata Manufacturing 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.
For the Electronic Components subindustry, Murata Manufacturing 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.
Murata Manufacturing Co Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, Murata Manufacturing Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Murata Manufacturing 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.
Murata Manufacturing Co (MRAAF) has a Graham Number of $13.02 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Murata Manufacturing Co and its competitors. This is 745% above median its historical median of 1.54. Over the past decade, Murata Manufacturing Co's Graham Number has ranged from 1.21 to 4.08. According to the industry distribution chart, Murata Manufacturing Co ranks #1248 out of 1623 companies in the Hardware industry, placing it in the top 76.9%.
Is Murata Manufacturing Co's Graham Number too high?
Murata Manufacturing Co's current Graham Number of $13.02 is 745% above median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 1.21 to a high of 4.08. The Hardware industry median Graham Number is 1.95. Murata Manufacturing Co's value of $13.02 is 567.7% above this industry median. Based on the distribution chart, Murata Manufacturing Co ranks #1248 out of 1623 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Murata Manufacturing Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Murata Manufacturing Co's Graham Number compare to APH and GLW?
According to the Hardware industry distribution chart, Murata Manufacturing Co ranks #1248 out of 1623 companies for Graham Number. This places Murata Manufacturing Co in the lower half of its industry. The industry median Graham Number is 1.95. Murata Manufacturing Co's value of $13.02 is 567.7% above this benchmark. Historically, Murata Manufacturing Co's own Graham Number has ranged from 1.21 to 4.08 over the past decade. While the company's 10-year median is 1.54 vs. the industry median of 1.95, Murata Manufacturing 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 Hardware company?
The median Graham Number among Hardware companies is 1.95, based on 1,623 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. Murata Manufacturing Co's current Graham Number of $13.02 is 567.7% 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 Murata Manufacturing Co and its competitors. For the Hardware industry, the median Graham Number is 1.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Murata Manufacturing Co's current Graham Number is $13.02, which is 745% above median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Murata Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Murata Manufacturing Co (MRAAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $23.02, compared to a current price of $53.39 — trading 131.9% above its estimated fair value. The current Graham Number is $13.02, which is 745% above median its 10-year median of 1.54 and 567.7% above the Hardware industry median of 1.95. Murata Manufacturing Co's overall GF Score™ is 74/100 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 Murata Manufacturing Co (MRAAF), the current Graham Number is $13.02 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 Murata Manufacturing Co (MRAAF) Overvalued in 2026?
Based on GuruFocus' analysis, Murata Manufacturing Co stock appears to be overvalued.
The current stock price of $53.39 is trading 131.9% above its estimated GF Value™ of $23.02.
GuruFocus considers Murata Manufacturing Co to be Significantly Overvalued.
Key valuation signals for MRAAF:
Graham Number: $13.02 (745% above median its 10-year median of 1.54)
GF Value™: $23.02 vs. price of $53.39 (131.9% above fair value)
Industry Position: 567.7% above the Hardware median (#1248 of 1623)
No single metric tells the full story. See the MRAAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Murata Manufacturing produces passive components for electronic devices. Passive components are necessary for all electronic circuits, used to enable wireless communication, store electricity and handle electric flow, remove electromagnetic noise from circuits, and so on. Thus, passive components are imperative for electronic circuits. For instance, one high-end smartphone contains more than 1,000 passive components. Murata Manufacturing is the world's leading supplier of passive components, such as MLCC and SAW filters.
74GF Score
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