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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 International Games System Co's Graham Number or its related term are showing as below:
ROCO:3293'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.19 Med: 2.09 Max: 5.6
Current: 3.91
During the past 13 years, the highest Price to Graham Number ratio of International Games System Co was 5.60. The lowest was 1.19. And the median was 2.09.
ROCO:3293's Price-to-Graham-Number is ranked worse than 88.26% of 281
companies
in the Interactive Media industry
Industry Median: 1.4
vs ROCO:3293: 3.91
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
International Games System Co (ROCO:3293) 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.
International Games System Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
762.00
/
194.89
=
3.91
* 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.
International Games System Co Graham Number Related Terms
International Games System 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.
ROCO:3293 vs NTES, EA, TTWO: Graham Number Comparison
For the Electronic Gaming & Multimedia subindustry, International Games System 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.
International Games System Co Price-to-Graham-Number vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, International Games System Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where International Games System 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.
International Games System Co (ROCO:3293) has a Graham Number of NT$194.89 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on International Games System Co and its competitors. This is 9225% above median its historical median of 2.09. Over the past decade, International Games System Co's Graham Number has ranged from 1.19 to 5.60. According to the industry distribution chart, International Games System Co ranks #248 out of 281 companies in the Interactive Media industry, placing it in the top 88.3%.
Is International Games System Co's Graham Number too high?
International Games System Co's current Graham Number of NT$194.89 is 9225% above median its 10-year median of 2.09. Over the past 10 years, this metric has ranged from a low of 1.19 to a high of 5.60. Based on the distribution chart, International Games System Co ranks #248 out of 281 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, International Games System Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International Games System Co's Graham Number compare to NTES and EA?
According to the Interactive Media industry distribution chart, International Games System Co ranks #248 out of 281 companies for Graham Number. This places International Games System Co in the lower half of its industry. The industry median Graham Number is 1.40. Historically, International Games System Co's own Graham Number has ranged from 1.19 to 5.60 over the past decade. 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 Interactive Media company?
The median Graham Number among Interactive Media companies is 1.40, based on 281 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 International Games System Co and its competitors. For the Interactive Media industry, the median Graham Number is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Games System Co's current Graham Number is NT$194.89, which is 9225% above median its own 10-year median of 2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Games System Co stock overvalued right now?
Based on GuruFocus' analysis, International Games System Co (ROCO:3293) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$874.67, compared to a current price of NT$762.00 — trading 12.9% below its estimated fair value. The current Graham Number is NT$194.89, which is 9225% above median its 10-year median of 2.09. International Games System Co's overall GF Score™ is 95/100 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 International Games System Co (ROCO:3293), the current Graham Number is NT$194.89 as of Mar. 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 International Games System Co (ROCO:3293) Overvalued in 2026?
Based on GuruFocus' analysis, International Games System Co stock appears to be undervalued.
The current stock price of NT$762.00 is trading 12.9% below its estimated GF Value™ of NT$874.67.
GuruFocus considers International Games System Co to be Modestly Undervalued.
Key valuation signals for ROCO:3293:
Graham Number: NT$194.89 (9225% above median its 10-year median of 2.09)
GF Value™: NT$874.67 vs. price of NT$762.00 (12.9% below fair value)
No single metric tells the full story. See the ROCO:3293 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
International Games System Co Ltd plans, designs, researches, develops, manufactures, markets, and services commercial electronic arcade games, related software and hardware products, online games and mobile games. It offers arcade game, online game, mobile game, simulator machine games and online games. All the business activity is operated through Taiwan. There are two segments namely: Arcade game division, which derives maximum revenue and Online game division.
95GF Score
Get the complete analysis for ROCO:3293
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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