OWWAF (Okuwa Co) Graham Number: $6.27 (As of Feb. 2026) — 694% Above Median

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Charlie Tian
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.

OWWAF Okuwa Co Ltd OWWAF
64 GF Score
Price $5.09
GF Value $6.08
! 4 Warning Signs
View Full Analysis

What is Okuwa Co Graham Number?

Okuwa Co OWWAF -13.58% 64 Graham Number is $6.27 as of Feb. 2026, which is 694% above its 10-year median of 0.79. GuruFocus rates OWWAF with a GF Score™ of 64/100 and a GF Value™ of $6.08. The stock has 4 warning signs investors should review. Among 755 Retail - Cyclical companies, Okuwa Co ranks better than 62.91% 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 (2026-07-20), the stock price of Okuwa Co is $5.09. Okuwa Co's graham number for the quarter that ended in Feb. 2026 was $6.27. Therefore, Okuwa Co's Price to Graham Number ratio for today is 0.95.

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

OWWAF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.5   Med: 0.79   Max: 1.02
Current: 0.97

During the past 13 years, the highest Price to Graham Number ratio of Okuwa Co was 1.02. The lowest was 0.50. And the median was 0.79.

OWWAF's Price-to-Graham-Number is ranked better than
62.91% of 755 companies
in the Retail - Cyclical industry
Industry Median: 1.21 vs OWWAF: 0.97

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


Okuwa Co  (OTCPK:OWWAF) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Feb. 2026 )
=5.09/5.36
=0.95

* 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.


Okuwa Co Graham Number Related Terms


Okuwa Co Graham Number Historical Data

* Premium members only.

The historical data trend for Okuwa 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.

Okuwa Co Graham Number Chart

Okuwa Co Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.82 11.38 8.78 7.21 6.23

Okuwa Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 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 7.57 8.08 8.09 6.27 5.28

OWWAF vs DDS: Graham Number Comparison

For the Department Stores subindustry, Okuwa 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.


Okuwa Co Price-to-Graham-Number vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Okuwa Co's Price-to-Graham-Number distribution charts can be found below:

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


OWWAF
64GF Score
Okuwa Co Ltd OWWAF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Okuwa Co Graham Number Calculation

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

Okuwa Co's Graham Number for the fiscal year that ended in Feb. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*11.192*0.154)
=6.23

Okuwa 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*11.192*0.114)
=5.36

* 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 $6.27 mean?
Okuwa Co (OWWAF) has a Graham Number of $6.27 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Okuwa Co and its competitors. This is 694% above median its historical median of 0.79. Over the past decade, Okuwa Co's Graham Number has ranged from 0.50 to 1.02. According to the industry distribution chart, Okuwa Co ranks #280 out of 755 companies in the Retail - Cyclical industry, placing it in the top 37.1%.
Is Okuwa Co's Graham Number too high?
Okuwa Co's current Graham Number of $6.27 is 694% above median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 1.02. The Retail - Cyclical industry median Graham Number is 1.21. Okuwa Co's value of $6.27 is 418.2% above this industry median. Based on the distribution chart, Okuwa Co ranks #280 out of 755 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Okuwa Co has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Okuwa Co's Graham Number compare to DDS?
According to the Retail - Cyclical industry distribution chart, Okuwa Co ranks #280 out of 755 companies for Graham Number. This puts Okuwa Co in the upper half of its industry. The industry median Graham Number is 1.21. Okuwa Co's value of $6.27 is 418.2% above this benchmark. Historically, Okuwa Co's own Graham Number has ranged from 0.50 to 1.02 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.21, Okuwa 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.21, based on 755 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. Okuwa Co's current Graham Number of $6.27 is 418.2% 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 Okuwa Co and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Okuwa Co's current Graham Number is $6.27, which is 694% above median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okuwa Co stock overvalued right now?
Okuwa Co (OWWAF) has a current Graham Number of $6.27. The stock's GF Value™ is $6.08, compared to a current price of $5.09 — trading 16.3% below its estimated fair value. The current Graham Number is $6.27, which is 694% above median its 10-year median of 0.79 and 418.2% above the Retail - Cyclical industry median of 1.21. Okuwa Co's overall GF Score™ is 64/100 with 4 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 Okuwa Co (OWWAF), the current Graham Number is $6.27 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 Okuwa Co (OWWAF) Overvalued in 2026?

Based on GuruFocus' analysis, Okuwa Co stock appears to be undervalued. The current stock price of $5.09 is trading 16.3% below its estimated GF Value™ of $6.08.

Key valuation signals for OWWAF:

  • Graham Number: $6.27 (694% above median its 10-year median of 0.79)
  • GF Value™: $6.08 vs. price of $5.09 (16.3% below fair value)
  • GF Score™: 64/100 with 4 warning signs
  • Industry Position: 418.2% above the Retail - Cyclical median (#280 of 755)

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


Okuwa Co Business Description

Other Exchanges 8217:Japan
Address 185 3 Nakajima, Wakayama, JPN, 641-8501
Okuwa Co Ltd operates a retail chain of stores in Japan. The company's products that it sells include foods, alcoholic beverages, rice, household items, residential goods, upholstery, Do It Yourself products, leisure goods, sporting goods, household appliances, cosmetics, pharmaceuticals, clothing and various other items. It operates more than 15 stores in Wakayama, Osaka, Nara, Mie, Hyogo, Aichi, Gifu, Shizuoka cities in Japan.
64GF Score

Get the complete analysis for OWWAF

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

$5.09
Price
$6.08
GF Value