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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 Chernan Metal Industrial's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Chernan Metal Industrial was 20.65. The lowest was 3.09. And the median was 3.68.
ROCO:3631's Price-to-Graham-Number is not ranked *
in the Industrial Products industry.
Industry Median: 1.74 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Chernan Metal Industrial (ROCO:3631) 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.
Chernan Metal Industrial's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
38.50
/
N/A
=
N/A
* 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.
Chernan Metal Industrial Graham Number Related Terms
Chernan Metal Industrial 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:3631 vs ATI, CRS, MLI: Graham Number Comparison
For the Metal Fabrication subindustry, Chernan Metal Industrial'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.
Chernan Metal Industrial Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Chernan Metal Industrial's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Chernan Metal Industrial'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.
Chernan Metal Industrial (ROCO:3631) has a Graham Number of NT$N/A as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Chernan Metal Industrial and its competitors. According to the industry distribution chart, Chernan Metal Industrial ranks #999999 out of 2220 companies in the Industrial Products industry.
Is Chernan Metal Industrial's Graham Number too high?
Chernan Metal Industrial's current Graham Number is NT$N/A. Based on the distribution chart, Chernan Metal Industrial ranks #999999 out of 2220 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Chernan Metal Industrial has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chernan Metal Industrial's Graham Number compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Chernan Metal Industrial ranks #999999 out of 2220 companies for Graham Number. This places Chernan Metal Industrial in the lower half of its industry. The industry median Graham Number is 1.74. 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 Industrial Products company?
The median Graham Number among Industrial Products companies is 1.74, based on 2,220 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 Chernan Metal Industrial and its competitors. For the Industrial Products industry, the median Graham Number is 1.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chernan Metal Industrial's current Graham Number is NT$N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chernan Metal Industrial stock overvalued right now?
Based on GuruFocus' analysis, Chernan Metal Industrial (ROCO:3631) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$14.99, compared to a current price of NT$38.50 — trading 156.8% above its estimated fair value. The current Graham Number is NT$N/A. Chernan Metal Industrial's overall GF Score™ is 34/100 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 Chernan Metal Industrial (ROCO:3631), the current Graham Number is NT$N/A 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 Chernan Metal Industrial (ROCO:3631) Overvalued in 2026?
Based on GuruFocus' analysis, Chernan Metal Industrial stock appears to be overvalued.
The current stock price of NT$38.50 is trading 156.8% above its estimated GF Value™ of NT$14.99.
GuruFocus considers Chernan Metal Industrial to be Significantly Overvalued.
Key valuation signals for ROCO:3631:
Graham Number: NT$N/A
GF Value™: NT$14.99 vs. price of NT$38.50 (156.8% above fair value)
No single metric tells the full story. See the ROCO:3631 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chernan Metal Industrial Corp is engaged in Manufacture of Metal Structure and Architectural Components, Screw, Nut and Rivet Manufacturing, Spring Manufacturing, Lock Manufacturing, Metal Wire Products Manufacturing, Other Metal Products Manufacturing, Surface Treatments, Wholesale of Hardware, Wholesale of Electronic Materials, Retail Sale of Hardware, and Retail Sale of Electronic Materials. The company's segment includes the domestic division and the overseas division. The domestic division is mainly engaged in the manufacture and sale of solder products and the trading of semiconductor products, while the overseas division is mainly engaged in the manufacture and sale of solder products. The company generates the majority of its revenue from overseas segment.
34GF Score
Get the complete analysis for ROCO:3631
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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