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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.
The historical rank and industry rank for Jing-Jan Retail Business Co's Graham Number or its related term are showing as below:
ROCO:2942'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.78 Med: 1.19 Max: 2.27
Current: 0.94
During the past 12 years, the highest Price to Graham Number ratio of Jing-Jan Retail Business Co was 2.27. The lowest was 0.78. And the median was 1.19.
ROCO:2942's Price-to-Graham-Number is ranked better than 64.07% of 771
companies
in the Retail - Cyclical industry
Industry Median: 1.22
vs ROCO:2942: 0.94
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Jing-Jan Retail Business Co (ROCO:2942) 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.
Jing-Jan Retail Business Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
36.65
/
38.81
=
0.94
* 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.
Jing-Jan Retail Business Co Graham Number Related Terms
Jing-Jan Retail Business 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 Department Stores subindustry, Jing-Jan Retail Business 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.
Jing-Jan Retail Business Co Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Jing-Jan Retail Business Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Jing-Jan Retail Business 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.
Jing-Jan Retail Business Co (ROCO:2942) has a Graham Number of NT$38.81 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Jing-Jan Retail Business Co and its competitors. According to the industry distribution chart, Jing-Jan Retail Business Co ranks #277 out of 771 companies in the Retail - Cyclical industry, placing it in the top 35.9%.
Is Jing-Jan Retail Business Co's Graham Number too high?
Jing-Jan Retail Business Co's current Graham Number is NT$38.81. Based on the distribution chart, Jing-Jan Retail Business Co ranks #277 out of 771 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Jing-Jan Retail Business Co has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Jing-Jan Retail Business Co's Graham Number compare to DDS and M?
According to the Retail - Cyclical industry distribution chart, Jing-Jan Retail Business Co ranks #277 out of 771 companies for Graham Number. This puts Jing-Jan Retail Business Co in the upper half of its industry. The industry median Graham Number is 1.22. 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 1.22, based on 771 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 Jing-Jan Retail Business Co and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jing-Jan Retail Business Co's current Graham Number is NT$38.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jing-Jan Retail Business Co stock overvalued right now?
Based on GuruFocus' analysis, Jing-Jan Retail Business Co (ROCO:2942) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$44.81, compared to a current price of NT$36.65 — trading 18.2% below its estimated fair value. The current Graham Number is NT$38.81. Jing-Jan Retail Business Co's overall GF Score™ is 82/100 with 7 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 Jing-Jan Retail Business Co (ROCO:2942), the current Graham Number is NT$38.81 as of Jun. 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 Jing-Jan Retail Business Co (ROCO:2942) Overvalued in 2026?
Based on GuruFocus' analysis, Jing-Jan Retail Business Co stock appears to be undervalued.
The current stock price of NT$36.65 is trading 18.2% below its estimated GF Value™ of NT$44.81.
GuruFocus considers Jing-Jan Retail Business Co to be Modestly Undervalued.
Key valuation signals for ROCO:2942:
Graham Number: NT$38.81
GF Value™: NT$44.81 vs. price of NT$36.65 (18.2% below fair value)
No single metric tells the full story. See the ROCO:2942 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jing-Jan Retail Business Co Ltd is engaged as department stores and related ancillary business. The company offers product types like floor tour which include fashion avenue, youth avenue, and food avenue, a food list which includes themes restaurant, food court, and light cafe, and shopping list.
82GF Score
Get the complete analysis for ROCO:2942
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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