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What is Neo-Concept International Group Holdings Graham Number?
Neo-Concept International Group HoldingsNCI +2.26%23 Graham Number is $4.32 as of Dec. 2025, which is 177% above its 10-year median of 1.56. GuruFocus rates NCI with a GF Score™ of 23/100. The stock has 3 warning signs investors should review. Among 719 Manufacturing - Apparel & Accessories companies, Neo-Concept International Group Holdings ranks worse than 85.4% 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.
NCI'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.15 Med: 1.56 Max: 2.82
Current: 2.82
During the past 6 years, the highest Price to Graham Number ratio of Neo-Concept International Group Holdings was 2.82. The lowest was 1.15. And the median was 1.56.
NCI's Price-to-Graham-Number is ranked worse than 85.4% of 719
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.07
vs NCI: 2.82
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Neo-Concept International Group Holdings (NAS:NCI) 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.
Neo-Concept International Group Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
12.185
/
4.32
=
2.82
* 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.
Neo-Concept International Group Holdings Graham Number Related Terms
Neo-Concept International Group Holdings 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.
Neo-Concept International Group Holdings Graham Number Chart
Neo-Concept International Group Holdings Annual Data
For the Apparel Manufacturing subindustry, Neo-Concept International Group 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.
Neo-Concept International Group Holdings Price-to-Graham-Number vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Neo-Concept International Group Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Neo-Concept International Group Holdings'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.
Neo-Concept International Group Holdings (NCI) has a Graham Number of $4.32 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Neo-Concept International Group Holdings and its competitors. This is 177% above median its historical median of 1.56. Over the past decade, Neo-Concept International Group Holdings' Graham Number has ranged from 1.15 to 2.82. According to the industry distribution chart, Neo-Concept International Group Holdings ranks #614 out of 719 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 85.4%.
Is Neo-Concept International Group Holdings' Graham Number too high?
Neo-Concept International Group Holdings' current Graham Number of $4.32 is 177% above median its 10-year median of 1.56. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 2.82. The Manufacturing - Apparel & Accessories industry median Graham Number is 1.07. Neo-Concept International Group Holdings' value of $4.32 is 303.7% above this industry median. Based on the distribution chart, Neo-Concept International Group Holdings ranks #614 out of 719 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Neo-Concept International Group Holdings has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Neo-Concept International Group Holdings' Graham Number compare to JL and XELB?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Neo-Concept International Group Holdings ranks #614 out of 719 companies for Graham Number. This places Neo-Concept International Group Holdings in the lower half of its industry. The industry median Graham Number is 1.07. Neo-Concept International Group Holdings' value of $4.32 is 303.7% above this benchmark. Historically, Neo-Concept International Group Holdings' own Graham Number has ranged from 1.15 to 2.82 over the past decade. While the company's 10-year median is 1.56 vs. the industry median of 1.07, Neo-Concept International Group Holdings 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 Manufacturing - Apparel & Accessories company?
The median Graham Number among Manufacturing - Apparel & Accessories companies is 1.07, based on 719 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. Neo-Concept International Group Holdings's current Graham Number of $4.32 is 303.7% 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 Neo-Concept International Group Holdings and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Graham Number is 1.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neo-Concept International Group Holdings's current Graham Number is $4.32, which is 177% above median its own 10-year median of 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neo-Concept International Group Holdings stock overvalued right now?
Neo-Concept International Group Holdings (NCI) has a current Graham Number of $4.32. The current Graham Number is $4.32, which is 177% above median its 10-year median of 1.56 and 303.7% above the Manufacturing - Apparel & Accessories industry median of 1.07. Neo-Concept International Group Holdings' overall GF Score™ is 23/100 with 3 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 Neo-Concept International Group Holdings (NCI), the current Graham Number is $4.32 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.
Neo-Concept International Group Holdings Ltd is a company that is a one-stop apparel solution services provider. The company offers a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European and North American markets.
23GF Score
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