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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.
ABC Taiwan Electronics (ROCO:3236) 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.
ABC Taiwan Electronics's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
46.10
/
16.37
=
2.82
* 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.
ABC Taiwan Electronics Graham Number Related Terms
ABC Taiwan Electronics 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.
ROCO:3236 vs APH, GLW, TEL: Graham Number Comparison
For the Electronic Components subindustry, ABC Taiwan Electronics'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.
ABC Taiwan Electronics Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, ABC Taiwan Electronics's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where ABC Taiwan Electronics'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.
ABC Taiwan Electronics (ROCO:3236) has a Graham Number of NT$16.37 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on ABC Taiwan Electronics and its competitors. According to the industry distribution chart, ABC Taiwan Electronics ranks #1106 out of 1648 companies in the Hardware industry, placing it in the top 67.1%.
Is ABC Taiwan Electronics' Graham Number too high?
ABC Taiwan Electronics' current Graham Number is NT$16.37. Based on the distribution chart, ABC Taiwan Electronics ranks #1106 out of 1648 companies in the Hardware industry, which is below the industry midpoint. Overall, ABC Taiwan Electronics has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ABC Taiwan Electronics' Graham Number compare to APH and GLW?
According to the Hardware industry distribution chart, ABC Taiwan Electronics ranks #1106 out of 1648 companies for Graham Number. This places ABC Taiwan Electronics in the lower half of its industry. The industry median Graham Number is 1.79. 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 1.79, based on 1,648 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 ABC Taiwan Electronics and its competitors. For the Hardware industry, the median Graham Number is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ABC Taiwan Electronics's current Graham Number is NT$16.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ABC Taiwan Electronics stock overvalued right now?
Based on GuruFocus' analysis, ABC Taiwan Electronics (ROCO:3236) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$24.67, compared to a current price of NT$46.10 — trading 86.9% above its estimated fair value. The current Graham Number is NT$16.37. ABC Taiwan Electronics' overall GF Score™ is 55/100 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 ABC Taiwan Electronics (ROCO:3236), the current Graham Number is NT$16.37 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 ABC Taiwan Electronics (ROCO:3236) Overvalued in 2026?
Based on GuruFocus' analysis, ABC Taiwan Electronics stock appears to be overvalued.
The current stock price of NT$46.10 is trading 86.9% above its estimated GF Value™ of NT$24.67.
GuruFocus considers ABC Taiwan Electronics to be Significantly Overvalued.
Key valuation signals for ROCO:3236:
Graham Number: NT$16.37
GF Value™: NT$24.67 vs. price of NT$46.10 (86.9% above fair value)
No single metric tells the full story. See the ROCO:3236 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ABC Taiwan Electronics Corp is a manufacturer of electronic components. It offers chip inductors, power inductors, filter inductive components, transformers, micro-porous ceramic (MPC) heat sinks, precision metal stamping parts, LED lighting fixtures, and other associated products used in various electronic products, communication electronic products, computer and peripheral equipment, industrial electronic equipment, etc. The Group's reportable units are Inductors and Others, out of which the Inductors business generates the maximum revenue. Geographically, it derives maximum revenue from the USA, and the rest from Germany, China, Taiwan, and other markets.
55GF Score
Get the complete analysis for ROCO:3236
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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