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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.
The historical rank and industry rank for Hirota Group Holdings Co's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Hirota Group Holdings Co was 17.30. The lowest was 9.66. And the median was 13.48.
NGO:3346's Price-to-Graham-Number is not ranked *
in the Retail - Cyclical industry.
Industry Median: 1.23 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Hirota Group Holdings Co (NGO:3346) 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.
Hirota Group Holdings Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
83.00
/
N/A
=
N/A
* 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.
Hirota Group Holdings Co Graham Number Related Terms
Hirota Group Holdings 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.
NGO:3346 vs CASY, WSM, ULTA: Graham Number Comparison
For the Specialty Retail subindustry, Hirota Group Holdings 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.
Hirota Group Holdings Co Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Hirota Group Holdings Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Hirota Group Holdings 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.
Hirota Group Holdings Co (NGO:3346) has a Graham Number of 円N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hirota Group Holdings Co and its competitors. Over the past decade, Hirota Group Holdings Co's Graham Number has ranged from 9.66 to 17.30. According to the industry distribution chart, Hirota Group Holdings Co ranks #999999 out of 765 companies in the Retail - Cyclical industry.
Is Hirota Group Holdings Co's Graham Number too high?
Hirota Group Holdings Co's current Graham Number is 円N/A. Over the past 10 years, this metric has ranged from a low of 9.66 to a high of 17.30. Based on the distribution chart, Hirota Group Holdings Co ranks #999999 out of 765 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Hirota Group Holdings Co has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hirota Group Holdings Co's Graham Number compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Hirota Group Holdings Co ranks #999999 out of 765 companies for Graham Number. This places Hirota Group Holdings Co in the lower half of its industry. The industry median Graham Number is 1.23. Historically, Hirota Group Holdings Co's own Graham Number has ranged from 9.66 to 17.30 over the past decade. 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.23, based on 765 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. 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 Hirota Group Holdings Co and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hirota Group Holdings Co's current Graham Number is 円N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hirota Group Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Hirota Group Holdings Co (NGO:3346) is currently considered Significantly Overvalued. The stock's GF Value™ is 円34.56, compared to a current price of 円83.00 — trading 140.2% above its estimated fair value. The current Graham Number is 円N/A. Hirota Group Holdings Co's overall GF Score™ is 38/100 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 Hirota Group Holdings Co (NGO:3346), the current Graham Number is 円N/A 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 Hirota Group Holdings Co (NGO:3346) Overvalued in 2026?
Based on GuruFocus' analysis, Hirota Group Holdings Co stock appears to be overvalued.
The current stock price of 円83.00 is trading 140.2% above its estimated GF Value™ of 円34.56.
GuruFocus considers Hirota Group Holdings Co to be Significantly Overvalued.
Key valuation signals for NGO:3346:
Graham Number: 円N/A
GF Value™: 円34.56 vs. price of 円83.00 (140.2% above fair value)
No single metric tells the full story. See the NGO:3346 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hirota Group Holdings Co Ltd is engaged in the sweets business and the beauty and healthcare business under a holding company structure. The Group has two reportable segments: the Sweets Business, which involves the manufacture, sale, and wholesale of Western and Japanese confectionery as well as frozen desserts, and the Beauty and Healthcare Business, which focuses on the sales of cosmetics and supplements, mainly at duty-free shops. It generates the majority of its revenue from the Sweets Business segment.
38GF Score
Get the complete analysis for NGO:3346
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