Nishi-Nippon Railroad CoNNRDF 64 Graham Number is $33.76 as of Mar. 2026, which is 3736% above its 10-year median of 0.88. GuruFocus rates NNRDF with a GF Score™ of 64/100 and a GF Value™ of $13.95. The stock has 3 warning signs investors should review. Among 740 Transportation companies, Nishi-Nippon Railroad Co ranks better than 79.59% 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.
The historical rank and industry rank for Nishi-Nippon Railroad Co's Graham Number or its related term are showing as below:
NNRDF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.51 Med: 0.88 Max: 1.2
Current: 0.56
During the past 13 years, the highest Price to Graham Number ratio of Nishi-Nippon Railroad Co was 1.20. The lowest was 0.51. And the median was 0.88.
NNRDF's Price-to-Graham-Number is ranked better than 79.59% of 740
companies
in the Transportation industry
Industry Median: 1.01
vs NNRDF: 0.56
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Nishi-Nippon Railroad Co (OTCPK:NNRDF) 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.
Nishi-Nippon Railroad Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
15.00
/
33.76
=
0.44
* 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.
Nishi-Nippon Railroad Co Graham Number Related Terms
Nishi-Nippon Railroad 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 Railroads subindustry, Nishi-Nippon Railroad 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.
Nishi-Nippon Railroad Co Price-to-Graham-Number vs Transportation Industry
For the Transportation industry and Industrials sector, Nishi-Nippon Railroad Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Nishi-Nippon Railroad 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.
Nishi-Nippon Railroad Co (NNRDF) has a Graham Number of $33.76 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Nishi-Nippon Railroad Co and its competitors. This is 3736% above median its historical median of 0.88. Over the past decade, Nishi-Nippon Railroad Co's Graham Number has ranged from 0.51 to 1.20. According to the industry distribution chart, Nishi-Nippon Railroad Co ranks #151 out of 740 companies in the Transportation industry, placing it in the top 20.4%.
Is Nishi-Nippon Railroad Co's Graham Number too high?
Nishi-Nippon Railroad Co's current Graham Number of $33.76 is 3736% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.20. The Transportation industry median Graham Number is 1.01. Nishi-Nippon Railroad Co's value of $33.76 is 3242.6% above this industry median. Based on the distribution chart, Nishi-Nippon Railroad Co ranks #151 out of 740 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Nishi-Nippon Railroad Co has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Nishi-Nippon Railroad Co's Graham Number compare to UNP and CSX?
According to the Transportation industry distribution chart, Nishi-Nippon Railroad Co ranks #151 out of 740 companies for Graham Number. This places Nishi-Nippon Railroad Co in the top 20% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.01. Nishi-Nippon Railroad Co's value of $33.76 is 3242.6% above this benchmark. Historically, Nishi-Nippon Railroad Co's own Graham Number has ranged from 0.51 to 1.20 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 1.01, Nishi-Nippon Railroad 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 Transportation company?
The median Graham Number among Transportation companies is 1.01, based on 740 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. Nishi-Nippon Railroad Co's current Graham Number of $33.76 is 3242.6% 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 Nishi-Nippon Railroad Co and its competitors. For the Transportation industry, the median Graham Number is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nishi-Nippon Railroad Co's current Graham Number is $33.76, which is 3736% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nishi-Nippon Railroad Co stock overvalued right now?
Nishi-Nippon Railroad Co (NNRDF) has a current Graham Number of $33.76. The stock's GF Value™ is $13.95, compared to a current price of $15.00 — trading 7.5% above its estimated fair value. The current Graham Number is $33.76, which is 3736% above median its 10-year median of 0.88 and 3242.6% above the Transportation industry median of 1.01. Nishi-Nippon Railroad Co's overall GF Score™ is 64/100 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 Nishi-Nippon Railroad Co (NNRDF), the current Graham Number is $33.76 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 Nishi-Nippon Railroad Co (NNRDF) Overvalued in 2026?
Based on GuruFocus' analysis, Nishi-Nippon Railroad Co stock appears to be overvalued.
The current stock price of $15.00 is trading 7.5% above its estimated GF Value™ of $13.95.
Key valuation signals for NNRDF:
Graham Number: $33.76 (3736% above median its 10-year median of 0.88)
GF Value™: $13.95 vs. price of $15.00 (7.5% above fair value)
Industry Position: 3242.6% above the Transportation median (#151 of 740)
No single metric tells the full story. See the NNRDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nishi-Nippon Railroad Co Ltd organises itself into six segments: transportation, real estate, distribution, logistics, leisure, and other. The transportation segment transports passengers by rail, bus, and taxi. The real estate business develops, sells, and leases commercial and residential buildings. The distribution segment operates supermarkets. The logistics segment operates an international air-cargo-handling business. The leisure segment operates hotels and other leisure businesses. The company derives the majority of its revenue domestically.
64GF Score
Get the complete analysis for NNRDF
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