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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 (2026-07-26), the stock price of Recon Technology is $0.4709. Recon Technology's graham number for the quarter that ended in Dec. 2025 was $N/A. Therefore, Recon Technology's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Recon Technology's Graham Number or its related term are showing as below:
RCON's Price-to-Graham-Number is not ranked *
in the Oil & Gas industry.
Industry Median: 1.12 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Recon Technology (NAS:RCON) 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.
Recon Technology's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.4709
/
N/A
=
N/A
* 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.
Recon Technology Graham Number Related Terms
Recon Technology Graham Number Historical Data
* Premium members only.
The historical data trend for Recon Technology'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.
RCON vs KLNG, KLXE, GWTI: Graham Number Comparison
For the Oil & Gas Equipment & Services subindustry, Recon Technology'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.
Recon Technology Price-to-Graham-Number vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Recon Technology's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Recon Technology'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.
Recon Technology (RCON) has a Graham Number of $N/A as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Recon Technology and its competitors. According to the industry distribution chart, Recon Technology ranks #999999 out of 610 companies in the Oil & Gas industry.
Is Recon Technology's Graham Number too high?
Recon Technology's current Graham Number is $N/A. Based on the distribution chart, Recon Technology ranks #999999 out of 610 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Recon Technology has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Recon Technology's Graham Number compare to KLNG and KLXE?
According to the Oil & Gas industry distribution chart, Recon Technology ranks #999999 out of 610 companies for Graham Number. This places Recon Technology in the lower half of its industry. The industry median Graham Number is 1.12. 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 an Oil & Gas company?
The median Graham Number among Oil & Gas companies is 1.12, based on 610 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 Recon Technology and its competitors. For the Oil & Gas industry, the median Graham Number is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Recon Technology's current Graham Number is $N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Recon Technology stock overvalued right now?
Based on GuruFocus' analysis, Recon Technology (RCON) is currently considered Possible Value Trap. The stock's GF Value™ is $2.49, compared to a current price of $0.47 — trading 81.1% below its estimated fair value. The current Graham Number is $N/A. Recon Technology's overall GF Score™ is 47/100 with 6 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 Recon Technology (RCON), the current Graham Number is $N/A 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 Recon Technology (RCON) Overvalued in 2026?
Based on GuruFocus' analysis, Recon Technology stock appears to be undervalued.
The current stock price of $0.47 is trading 81.1% below its estimated GF Value™ of $2.49.
GuruFocus considers Recon Technology to be Possible Value Trap.
Key valuation signals for RCON:
Graham Number: $N/A
GF Value™: $2.49 vs. price of $0.47 (81.1% below fair value)
No single metric tells the full story. See the RCON stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Recon Technology Ltd provides automation systems, industrial equipment, and support services tailored for the oil and gas industry in China. The company's business spans key segments such as automation products and software, equipment and accessories, oilfield environmental protection, and platform outsourcing services. It generates the majority of its revenue by providing integrated automation services to Chinese petroleum companies at oilfields. Its key products and services include pumping unit controllers, natural gas flow computer systems, wireless dynamometers and wireless pressure gauges, and an oilfield monitor and data acquisition system. The company's operations are centered on servicing upstream clients throughout China, with some broader industrial automation solutions.
47GF Score
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