HH Galaxy Co (ROCO:2949) Graham Number: NT$47.08 (As of Jun. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

ROCO:2949 HH Galaxy Co Ltd ROCO:2949
68 GF Score
Price NT$61.10
GF Value NT$96.77
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is HH Galaxy Co Graham Number?

HH Galaxy Co ROCO:2949 68 Graham Number is NT$47.08 as of Jun. 2026. GuruFocus rates ROCO:2949 with a GF Score™ of 68/100 and a GF Value™ of NT$96.77 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 765 Retail - Cyclical companies, HH Galaxy Co ranks worse than 52.55% 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 (2026-09-07), the stock price of HH Galaxy Co is NT$61.10. HH Galaxy Co's graham number for the quarter that ended in Jun. 2026 was NT$47.08. Therefore, HH Galaxy Co's Price to Graham Number ratio for today is 1.30.

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

ROCO:2949' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.25   Med: 1.65   Max: 2.55
Current: 1.3

During the past 8 years, the highest Price to Graham Number ratio of HH Galaxy Co was 2.55. The lowest was 1.25. And the median was 1.65.

ROCO:2949's Price-to-Graham-Number is ranked worse than
52.55% of 765 companies
in the Retail - Cyclical industry
Industry Median: 1.24 vs ROCO:2949: 1.30

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


HH Galaxy Co  (ROCO:2949) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=61.10/47.08
=1.30

* 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.


HH Galaxy Co Graham Number Related Terms


HH Galaxy Co Graham Number Historical Data

* Premium members only.

The historical data trend for HH Galaxy 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.

HH Galaxy Co Graham Number Chart

HH Galaxy Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 28.09 42.07 54.61 40.02 48.09

HH Galaxy Co Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 41.71 45.71 48.12 45.93 47.08

ROCO:2949 vs AMZN, BABA, PDD: Graham Number Comparison

For the Internet Retail subindustry, HH Galaxy 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.


HH Galaxy Co Price-to-Graham-Number vs Retail - Cyclical Industry

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

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


ROCO:2949
68GF Score
HH Galaxy Co Ltd ROCO:2949
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HH Galaxy Co Graham Number Calculation

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

HH Galaxy Co's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*28.586*3.595)
=48.09

HH Galaxy Co's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*27.394*3.596)
=47.08

* 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 NT$47.08 mean?
HH Galaxy Co (ROCO:2949) has a Graham Number of NT$47.08 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on HH Galaxy Co and its competitors. According to the industry distribution chart, HH Galaxy Co ranks #402 out of 765 companies in the Retail - Cyclical industry, placing it in the top 52.5%.
Is HH Galaxy Co's Graham Number too high?
HH Galaxy Co's current Graham Number is NT$47.08. Based on the distribution chart, HH Galaxy Co ranks #402 out of 765 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, HH Galaxy Co has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does HH Galaxy Co's Graham Number compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, HH Galaxy Co ranks #402 out of 765 companies for Graham Number. This places HH Galaxy Co in the lower half of its industry. The industry median Graham Number is 1.24. 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 1.24, based on 765 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 HH Galaxy Co and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HH Galaxy Co's current Graham Number is NT$47.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HH Galaxy Co stock overvalued right now?
Based on GuruFocus' analysis, HH Galaxy Co (ROCO:2949) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$96.77, compared to a current price of NT$61.10 — trading 36.9% below its estimated fair value. The current Graham Number is NT$47.08. HH Galaxy Co's overall GF Score™ is 68/100 with 3 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 HH Galaxy Co (ROCO:2949), the current Graham Number is NT$47.08 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 HH Galaxy Co (ROCO:2949) Overvalued in 2026?

Based on GuruFocus' analysis, HH Galaxy Co stock appears to be undervalued. The current stock price of NT$61.10 is trading 36.9% below its estimated GF Value™ of NT$96.77. GuruFocus considers HH Galaxy Co to be Significantly Undervalued.

Key valuation signals for ROCO:2949:

  • Graham Number: NT$47.08
  • GF Value™: NT$96.77 vs. price of NT$61.10 (36.9% below fair value)
  • GF Score™: 68/100 with 3 warning signs

No single metric tells the full story. See the ROCO:2949 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HH Galaxy Co Business Description

Address Section. 3, Nanjing E. Road, 4th Floor, No. 70, Zhongshan District, Taipei City, TWN, 110403
HH Galaxy Co Ltd provides comprehensive e-commerce sales services to brand owners. The Company offers customized solutions for the sale of branded products through the cross-disciplinary integration of technical expertise, including media, design, systems, sales channels, warehousing, logistics, and customer service. The company has two reportable operating segments as follows: E-Commerce Department: Product sales and e-commerce operation services; and Digital Marketing Department: Assist clients with brand digital management and digital marketing. Its geographic information includes Taiwan, Southeast Asia, and Japan.
68GF Score

Get the complete analysis for ROCO:2949

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

NT$61.10
Price
NT$96.77
GF Value