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.
PHS:PMPC'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.24 Med: 0.47 Max: 2.19
Current: 0.4
During the past 13 years, the highest Price to Graham Number ratio of Panasonic Manufacturing Philippines was 2.19. The lowest was 0.24. And the median was 0.47.
PHS:PMPC's Price-to-Graham-Number is ranked better than 95.06% of 1619
companies
in the Hardware industry
Industry Median: 2.06
vs PHS:PMPC: 0.40
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Panasonic Manufacturing Philippines (PHS:PMPC) 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.
Panasonic Manufacturing Philippines's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
8.50
/
21.28
=
0.40
* 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.
Panasonic Manufacturing Philippines Graham Number Related Terms
Panasonic Manufacturing Philippines 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.
Panasonic Manufacturing Philippines Graham Number Chart
For the Consumer Electronics subindustry, Panasonic Manufacturing Philippines'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.
Panasonic Manufacturing Philippines Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, Panasonic Manufacturing Philippines's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Panasonic Manufacturing Philippines'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.
Panasonic Manufacturing Philippines (PHS:PMPC) has a Graham Number of ₱21.28 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Panasonic Manufacturing Philippines and its competitors. This is 4428% above median its historical median of 0.47. Over the past decade, Panasonic Manufacturing Philippines' Graham Number has ranged from 0.24 to 2.19. According to the industry distribution chart, Panasonic Manufacturing Philippines ranks #80 out of 1619 companies in the Hardware industry, placing it in the top 4.9%.
Is Panasonic Manufacturing Philippines' Graham Number too high?
Panasonic Manufacturing Philippines' current Graham Number of ₱21.28 is 4428% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 2.19. Based on the distribution chart, Panasonic Manufacturing Philippines ranks #80 out of 1619 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Panasonic Manufacturing Philippines has a GF Score™ of 88/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Panasonic Manufacturing Philippines' Graham Number compare to AAPL?
According to the Hardware industry distribution chart, Panasonic Manufacturing Philippines ranks #80 out of 1619 companies for Graham Number. This places Panasonic Manufacturing Philippines in the top 5% of its industry — outperforming the majority of peers. The industry median Graham Number is 2.06. Historically, Panasonic Manufacturing Philippines' own Graham Number has ranged from 0.24 to 2.19 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 Hardware company?
The median Graham Number among Hardware companies is 2.06, based on 1,619 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 Panasonic Manufacturing Philippines and its competitors. For the Hardware industry, the median Graham Number is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Panasonic Manufacturing Philippines's current Graham Number is ₱21.28, which is 4428% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Panasonic Manufacturing Philippines stock overvalued right now?
Based on GuruFocus' analysis, Panasonic Manufacturing Philippines (PHS:PMPC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱6.43, compared to a current price of ₱8.50 — trading 32.2% above its estimated fair value. The current Graham Number is ₱21.28, which is 4428% above median its 10-year median of 0.47. Panasonic Manufacturing Philippines' overall GF Score™ is 88/100 with 2 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 Panasonic Manufacturing Philippines (PHS:PMPC), the current Graham Number is ₱21.28 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.
Is Panasonic Manufacturing Philippines (PHS:PMPC) Overvalued in 2026?
Based on GuruFocus' analysis, Panasonic Manufacturing Philippines stock appears to be overvalued.
The current stock price of ₱8.50 is trading 32.2% above its estimated GF Value™ of ₱6.43.
GuruFocus considers Panasonic Manufacturing Philippines to be Significantly Overvalued.
Key valuation signals for PHS:PMPC:
Graham Number: ₱21.28 (4428% above median its 10-year median of 0.47)
GF Value™: ₱6.43 vs. price of ₱8.50 (32.2% above fair value)
No single metric tells the full story. See the PHS:PMPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Panasonic Manufacturing Philippines Business Description
Panasonic Manufacturing Philippines Corp is a manufacturer, importer, and distributor of electronic, electrical, mechanical, and electro-mechanical appliances, and other types of machinery, parts, components, and batteries. The business of the company operates in segments that include Consumer, which sells products for the media and entertainment industry; System Solutions Group, which sells security systems and projectors; Electric Works (EW) includes lamps, ventilation fans, Panasonic Nanoe Generator (PNG), and other lighting accessories and others, which sells supermarket refrigeration products. It sells all its products under the brand name Panasonic. Its geographical segments are the Philippines, Hong Kong, and Taiwan.
88GF Score
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