Fukushima Printing Co (NGO:7870) Graham Number: 円417.12 (As of Feb. 2026) — 83324% Above Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

NGO:7870 Fukushima Printing Co Ltd NGO:7870
59 GF Score
Price 円371.00
GF Value 円436.15
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Fukushima Printing Co Graham Number?

Fukushima Printing Co NGO:7870 59 Graham Number is 円417.12 as of Feb. 2026, which is 100% below its 10-year median of 0.50. GuruFocus rates NGO:7870 with a GF Score™ of 59/100 and a GF Value™ of 円436.15 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 701 Business Services companies, Fukushima Printing Co ranks better than 88.73% 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 (2026-08-23), the stock price of Fukushima Printing Co is 円371.00. Fukushima Printing Co's graham number for the quarter that ended in Feb. 2026 was 円417.12. Therefore, Fukushima Printing Co's Price to Graham Number ratio for today is 0.52.

The historical rank and industry rank for Fukushima Printing Co's Graham Number or its related term are showing as below:

NGO:7870' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36   Med: 0.5   Max: 2.25
Current: 0.52

During the past 13 years, the highest Price to Graham Number ratio of Fukushima Printing Co was 2.25. The lowest was 0.36. And the median was 0.50.

NGO:7870's Price-to-Graham-Number is ranked better than
88.73% of 701 companies
in the Business Services industry
Industry Median: 1.17 vs NGO:7870: 0.52

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


Fukushima Printing Co  (NGO:7870) 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.

Fukushima Printing Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Feb. 2026 )
=371.00/707.34
=0.52

* 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.


Fukushima Printing Co Graham Number Related Terms


Fukushima Printing Co Graham Number Historical Data

* Premium members only.

The historical data trend for Fukushima Printing Co'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.

Fukushima Printing Co Graham Number Chart

Fukushima Printing Co Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,126.74 903.23 471.52 180.87 775.63

Fukushima Printing Co Quarterly Data
Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 Aug25 Feb26 May26
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 174.75 636.22 749.95 417.12 714.59

NGO:7870 vs CTAS, CPRT, GPN: Graham Number Comparison

For the Specialty Business Services subindustry, Fukushima Printing 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.


Fukushima Printing Co Price-to-Graham-Number vs Business Services Industry

For the Business Services industry and Industrials sector, Fukushima Printing Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Fukushima Printing Co's Price-to-Graham-Number falls into.


NGO:7870
59GF Score
Fukushima Printing Co Ltd NGO:7870
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fukushima Printing Co Graham Number Calculation

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

Fukushima Printing Co's Graham Number for the fiscal year that ended in Aug. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*921.837*29.005)
=775.63

Fukushima Printing Co's Graham Number for the quarter that ended in Feb. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*945.448*23.52)
=707.34

* 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 円417.12 mean?
Fukushima Printing Co (NGO:7870) has a Graham Number of 円417.12 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Fukushima Printing Co and its competitors. This is 83324% above median its historical median of 0.50. Over the past decade, Fukushima Printing Co's Graham Number has ranged from 0.36 to 2.25. According to the industry distribution chart, Fukushima Printing Co ranks #79 out of 701 companies in the Business Services industry, placing it in the top 11.3%.
Is Fukushima Printing Co's Graham Number too high?
Fukushima Printing Co's current Graham Number of 円417.12 is 83324% above median its 10-year median of 0.50. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.25. Based on the distribution chart, Fukushima Printing Co ranks #79 out of 701 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Fukushima Printing Co has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fukushima Printing Co's Graham Number compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Fukushima Printing Co ranks #79 out of 701 companies for Graham Number. This places Fukushima Printing Co in the top 11% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.17. Historically, Fukushima Printing Co's own Graham Number has ranged from 0.36 to 2.25 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 Business Services company?
The median Graham Number among Business Services companies is 1.17, based on 701 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 Fukushima Printing Co and its competitors. For the Business Services industry, the median Graham Number is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fukushima Printing Co's current Graham Number is 円417.12, which is 83324% above median its own 10-year median of 0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fukushima Printing Co stock overvalued right now?
Based on GuruFocus' analysis, Fukushima Printing Co (NGO:7870) is currently considered Modestly Undervalued. The stock's GF Value™ is 円436.15, compared to a current price of 円371.00 — trading 14.9% below its estimated fair value. The current Graham Number is 円417.12, which is 83324% above median its 10-year median of 0.50. Fukushima Printing Co's overall GF Score™ is 59/100 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 Fukushima Printing Co (NGO:7870), the current Graham Number is 円417.12 as of Feb. 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 Fukushima Printing Co (NGO:7870) Overvalued in 2026?

Based on GuruFocus' analysis, Fukushima Printing Co stock appears to be undervalued. The current stock price of 円371.00 is trading 14.9% below its estimated GF Value™ of 円436.15. GuruFocus considers Fukushima Printing Co to be Modestly Undervalued.

Key valuation signals for NGO:7870:

  • Graham Number: 円417.12 (83324% above median its 10-year median of 0.50)
  • GF Value™: 円436.15 vs. price of 円371.00 (14.9% below fair value)
  • GF Score™: 59/100 with 3 warning signs

No single metric tells the full story. See the NGO:7870 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fukushima Printing Co Business Description

Address 6 Sakimori-cho Ru, Kanazawa, JPN
Fukushima Printing Co Ltd is a Japan-based company engages in the printing business. It offers advertisement promotion, manual printing services; notification guidance printing services; as well as prints computer forms, general forms, and seal labels.
59GF Score

Get the complete analysis for NGO:7870

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

円371.00
Price
円436.15
GF Value