RNDOF (Round One) Graham Number: $4.21 (As of Sep. 2025) — 221% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
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.

RNDOF Round One Corp RNDOF
38 GF Score
Price $7.00
GF Value $0.76
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Round One Graham Number?

Round One RNDOF 38 Graham Number is $4.21 as of Sep. 2025, which is 221% above its 10-year median of 1.31. GuruFocus rates RNDOF with a GF Score™ of 38/100 and a GF Value™ of $0.76 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 493 Travel & Leisure companies, Round One ranks worse than 70.18% 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 (2026-07-13), the stock price of Round One is $7.00. Round One's graham number for the quarter that ended in Sep. 2025 was $4.21. Therefore, Round One's Price to Graham Number ratio for today is 1.66.

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

RNDOF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.58   Med: 1.31   Max: 2.47
Current: 1.93

During the past 13 years, the highest Price to Graham Number ratio of Round One was 2.47. The lowest was 0.58. And the median was 1.31.

RNDOF's Price-to-Graham-Number is ranked worse than
70.18% of 493 companies
in the Travel & Leisure industry
Industry Median: 1.25 vs RNDOF: 1.93

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


Round One  (OTCPK:RNDOF) 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.

Round One's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Sep. 2025 )
=7.00/4.20
=1.66

* 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.


Round One Graham Number Related Terms


Round One Graham Number Historical Data

* Premium members only.

The historical data trend for Round One'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.

Round One Graham Number Chart

Round One Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 2.30 3.09 3.76 3.94

Round One Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 4.35 3.93 4.10 4.21 4.19

RNDOF vs AS, HAS, LTH: Graham Number Comparison

For the Leisure subindustry, Round One'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.


Round One Price-to-Graham-Number vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Round One's Price-to-Graham-Number distribution charts can be found below:

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


RNDOF
38GF Score
Round One Corp RNDOF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Round One Graham Number Calculation

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

Round One's Graham Number for the fiscal year that ended in Mar. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1.688*0.408)
=3.94

Round One's Graham Number for the quarter that ended in Sep. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*1.88*0.418)
=4.20

* 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 $4.21 mean?
Round One (RNDOF) has a Graham Number of $4.21 as of Sep. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Round One and its competitors. This is 221% above median its historical median of 1.31. Over the past decade, Round One's Graham Number has ranged from 0.58 to 2.47. According to the industry distribution chart, Round One ranks #346 out of 493 companies in the Travel & Leisure industry, placing it in the top 70.2%.
Is Round One's Graham Number too high?
Round One's current Graham Number of $4.21 is 221% above median its 10-year median of 1.31. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 2.47. The Travel & Leisure industry median Graham Number is 1.25. Round One's value of $4.21 is 236.8% above this industry median. Based on the distribution chart, Round One ranks #346 out of 493 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Round One has a GF Score™ of 38/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Round One's Graham Number compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Round One ranks #346 out of 493 companies for Graham Number. This places Round One in the lower half of its industry. The industry median Graham Number is 1.25. Round One's value of $4.21 is 236.8% above this benchmark. Historically, Round One's own Graham Number has ranged from 0.58 to 2.47 over the past decade. While the company's 10-year median is 1.31 vs. the industry median of 1.25, Round One 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 Travel & Leisure company?
The median Graham Number among Travel & Leisure companies is 1.25, based on 493 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. Round One's current Graham Number of $4.21 is 236.8% 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 Round One and its competitors. For the Travel & Leisure industry, the median Graham Number is 1.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Round One's current Graham Number is $4.21, which is 221% above median its own 10-year median of 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Round One stock overvalued right now?
Based on GuruFocus' analysis, Round One (RNDOF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.76, compared to a current price of $7.00 — trading 821.1% above its estimated fair value. The current Graham Number is $4.21, which is 221% above median its 10-year median of 1.31 and 236.8% above the Travel & Leisure industry median of 1.25. Round One's overall GF Score™ is 38/100 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 Round One (RNDOF), the current Graham Number is $4.21 as of Sep. 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 Round One (RNDOF) Overvalued in 2026?

Based on GuruFocus' analysis, Round One stock appears to be overvalued. The current stock price of $7.00 is trading 821.1% above its estimated GF Value™ of $0.76. GuruFocus considers Round One to be Significantly Overvalued.

Key valuation signals for RNDOF:

  • Graham Number: $4.21 (221% above median its 10-year median of 1.31)
  • GF Value™: $0.76 vs. price of $7.00 (821.1% above fair value)
  • GF Score™: 38/100 with 6 warning signs
  • Industry Position: 236.8% above the Travel & Leisure median (#346 of 493)

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


Round One Business Description

Other Exchanges 4680:Japan
Address 5-60, Namba, Namba Skyo 23F, Chuo-ku, Osaka, JPN, 542-0076
Round One Corp engages is a Japanese company providing various leisure facilities. The firm principally engages in the management of indoor leisure facilities that mainly includes bowling, amusement activities, spotcher, airporin, spocha, shuttle bus, and karaoke. The company also has operations based in the United States.
38GF Score

Get the complete analysis for RNDOF

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

$7.00
Price
$0.76
GF Value