Dimerco Data System (ROCO:5403) Graham Number: NT$76.86 (As of Jun. 2026) — 6252% Above Median

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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:5403 Dimerco Data System Corp ROCO:5403
93 GF Score
Price NT$92.30
GF Value NT$130.58
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Dimerco Data System Graham Number?

Dimerco Data System ROCO:5403 -0.43% 93 Graham Number is NT$76.86 as of Jun. 2026, which is 100% below its 10-year median of 1.21. GuruFocus rates ROCO:5403 with a GF Score™ of 93/100 and a GF Value™ of NT$130.58 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,490 Software companies, Dimerco Data System ranks better than 71.68% 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 (2026-08-23), the stock price of Dimerco Data System is NT$92.30. Dimerco Data System's graham number for the quarter that ended in Jun. 2026 was NT$76.86. Therefore, Dimerco Data System's Price to Graham Number ratio for today is 1.20.

The historical rank and industry rank for Dimerco Data System's Graham Number or its related term are showing as below:

ROCO:5403' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.81   Med: 1.21   Max: 2
Current: 1.2

During the past 13 years, the highest Price to Graham Number ratio of Dimerco Data System was 2.00. The lowest was 0.81. And the median was 1.21.

ROCO:5403's Price-to-Graham-Number is ranked better than
71.68% of 1490 companies
in the Software industry
Industry Median: 1.89 vs ROCO:5403: 1.20

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


Dimerco Data System  (ROCO:5403) 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.

Dimerco Data System's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=92.30/76.86
=1.20

* 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.


Dimerco Data System Graham Number Related Terms


Dimerco Data System Graham Number Historical Data

* Premium members only.

The historical data trend for Dimerco Data System'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.

Dimerco Data System Graham Number Chart

Dimerco Data System Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.67 62.55 72.21 79.92 81.99

Dimerco Data System Quarterly Data
Sep21 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 78.47 80.88 82.09 73.88 76.86

ROCO:5403 vs QH, SHOP, UBER: Graham Number Comparison

For the Software - Application subindustry, Dimerco Data System'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.


Dimerco Data System Price-to-Graham-Number vs Software Industry

For the Software industry and Technology sector, Dimerco Data System's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Dimerco Data System's Price-to-Graham-Number falls into.


ROCO:5403
93GF Score
Dimerco Data System Corp ROCO:5403
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dimerco Data System Graham Number Calculation

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

Dimerco Data System'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*35.957*8.31)
=81.99

Dimerco Data System'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*32.619*8.05)
=76.86

* 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$76.86 mean?
Dimerco Data System (ROCO:5403) has a Graham Number of NT$76.86 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Dimerco Data System and its competitors. This is 6252% above median its historical median of 1.21. Over the past decade, Dimerco Data System's Graham Number has ranged from 0.81 to 2.00. According to the industry distribution chart, Dimerco Data System ranks #422 out of 1490 companies in the Software industry, placing it in the top 28.3%.
Is Dimerco Data System's Graham Number too high?
Dimerco Data System's current Graham Number of NT$76.86 is 6252% above median its 10-year median of 1.21. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 2.00. Based on the distribution chart, Dimerco Data System ranks #422 out of 1490 companies in the Software industry, which is above the industry midpoint. Overall, Dimerco Data System has a GF Score™ of 93/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dimerco Data System's Graham Number compare to QH and SHOP?
According to the Software industry distribution chart, Dimerco Data System ranks #422 out of 1490 companies for Graham Number. This puts Dimerco Data System in the upper half of its industry. The industry median Graham Number is 1.89. Historically, Dimerco Data System's own Graham Number has ranged from 0.81 to 2.00 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 a Software company?
The median Graham Number among Software companies is 1.89, based on 1,490 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 Dimerco Data System and its competitors. For the Software industry, the median Graham Number is 1.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dimerco Data System's current Graham Number is NT$76.86, which is 6252% above median its own 10-year median of 1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dimerco Data System stock overvalued right now?
Based on GuruFocus' analysis, Dimerco Data System (ROCO:5403) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$130.58, compared to a current price of NT$92.30 — trading 29.3% below its estimated fair value. The current Graham Number is NT$76.86, which is 6252% above median its 10-year median of 1.21. Dimerco Data System's overall GF Score™ is 93/100 with 2 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 Dimerco Data System (ROCO:5403), the current Graham Number is NT$76.86 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 Dimerco Data System (ROCO:5403) Overvalued in 2026?

Based on GuruFocus' analysis, Dimerco Data System stock appears to be undervalued. The current stock price of NT$92.30 is trading 29.3% below its estimated GF Value™ of NT$130.58. GuruFocus considers Dimerco Data System to be Modestly Undervalued.

Key valuation signals for ROCO:5403:

  • Graham Number: NT$76.86 (6252% above median its 10-year median of 1.21)
  • GF Value™: NT$130.58 vs. price of NT$92.30 (29.3% below fair value)
  • GF Score™: 93/100 with 2 warning signs

No single metric tells the full story. See the ROCO:5403 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Dimerco Data System Business Description

Address No. 151, Xingai Road, 8th Floor, Neihu District, Taipei, TWN
Dimerco Data System Corp is mainly engaged in the design, development, and sales of various computer software, the agency and sales of computer hardware equipment, computer data processing services, computer information consulting business and computer leasing, etc. The company has three reporting segments, namely the hardware department, the software department, and other departments. The hardware department which generates key revenue, provides services for trading computer hardware equipment. The software department offers services such as enterprise software design and system maintenance.
93GF Score

Get the complete analysis for ROCO:5403

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

NT$92.30
Price
NT$130.58
GF Value