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What is Nihon Office Automation Research Co Graham Number?
Nihon Office Automation Research CoNGO:5241 -0.52%21 Graham Number is 円824.49 as of Dec. 2025, which is 100% below its 10-year median of 1.02. GuruFocus rates NGO:5241 with a GF Score™ of 21/100. The stock has 1 warning sign investors should review. Among 1,483 Software companies, Nihon Office Automation Research Co ranks better than 80.65% 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.
NGO:5241'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.83 Med: 1.02 Max: 1.2
Current: 0.93
During the past 5 years, the highest Price to Graham Number ratio of Nihon Office Automation Research Co was 1.20. The lowest was 0.83. And the median was 1.02.
NGO:5241's Price-to-Graham-Number is ranked better than 80.65% of 1483
companies
in the Software industry
Industry Median: 1.9
vs NGO:5241: 0.93
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Nihon Office Automation Research Co (NGO:5241) 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.
Nihon Office Automation Research Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
769.00
/
824.49
=
0.93
* 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.
Nihon Office Automation Research Co Graham Number Related Terms
Nihon Office Automation Research 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.
Nihon Office Automation Research Co Graham Number Chart
Nihon Office Automation Research Co Annual Data
Trend
Dec20
Dec21
Dec23
Dec24
Dec25
Graham Number
368.03
894.20
593.03
714.31
823.82
Nihon Office Automation Research Co Semi-Annual Data
NGO:5241 vs IBM, ACN, FISV: Graham Number Comparison
For the Information Technology Services subindustry, Nihon Office Automation Research 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.
Nihon Office Automation Research Co Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Nihon Office Automation Research Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Nihon Office Automation Research 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.
Nihon Office Automation Research Co (NGO:5241) has a Graham Number of 円824.49 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Nihon Office Automation Research Co and its competitors. This is 80732% above median its historical median of 1.02. Over the past decade, Nihon Office Automation Research Co's Graham Number has ranged from 0.83 to 1.20. According to the industry distribution chart, Nihon Office Automation Research Co ranks #287 out of 1483 companies in the Software industry, placing it in the top 19.4%.
Is Nihon Office Automation Research Co's Graham Number too high?
Nihon Office Automation Research Co's current Graham Number of 円824.49 is 80732% above median its 10-year median of 1.02. Over the past 10 years, this metric has ranged from a low of 0.83 to a high of 1.20. Based on the distribution chart, Nihon Office Automation Research Co ranks #287 out of 1483 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Nihon Office Automation Research Co has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Nihon Office Automation Research Co's Graham Number compare to IBM and ACN?
According to the Software industry distribution chart, Nihon Office Automation Research Co ranks #287 out of 1483 companies for Graham Number. This places Nihon Office Automation Research Co in the top 19% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.90. Historically, Nihon Office Automation Research Co's own Graham Number has ranged from 0.83 to 1.20 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 Software company?
The median Graham Number among Software companies is 1.90, based on 1,483 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 Nihon Office Automation Research Co and its competitors. For the Software industry, the median Graham Number is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Office Automation Research Co's current Graham Number is 円824.49, which is 80732% above median its own 10-year median of 1.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Office Automation Research Co stock overvalued right now?
Nihon Office Automation Research Co (NGO:5241) has a current Graham Number of 円824.49. The current Graham Number is 円824.49, which is 80732% above median its 10-year median of 1.02. Nihon Office Automation Research Co's overall GF Score™ is 21/100 with 1 warning sign 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 Nihon Office Automation Research Co (NGO:5241), the current Graham Number is 円824.49 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.
Nihon Office Automation Research Co Ltd is involved in system development, continuous maintenance, support, system modifications, and related services. The company provides high-value-added IT services by participating in the development of central government office systems.
21GF Score
Get the complete analysis for NGO:5241
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