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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.
As of today (2026-09-02), the stock price of Taipei Star Bank is NT$10.90. Taipei Star Bank's graham number for the quarter that ended in Dec. 2025 was NT$14.88. Therefore, Taipei Star Bank's Price to Graham Number ratio for today is 0.73.
The historical rank and industry rank for Taipei Star Bank's Graham Number or its related term are showing as below:
ROCO:5863'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.64 Med: 0.73 Max: 1.19
Current: 0.73
During the past 13 years, the highest Price to Graham Number ratio of Taipei Star Bank was 1.19. The lowest was 0.64. And the median was 0.73.
ROCO:5863's Price-to-Graham-Number is ranked better than 61.66% of 1424
companies
in the Banks industry
Industry Median: 0.8
vs ROCO:5863: 0.73
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Taipei Star Bank (ROCO:5863) 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.
Taipei Star Bank's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
10.90
/
14.88
=
0.73
* 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.
Taipei Star Bank Graham Number Related Terms
Taipei Star Bank Graham Number Historical Data
* Premium members only.
The historical data trend for Taipei Star Bank'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.
For the Banks - Regional subindustry, Taipei Star Bank'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.
Taipei Star Bank Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, Taipei Star Bank's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Taipei Star Bank'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.
Taipei Star Bank (ROCO:5863) has a Graham Number of NT$14.88 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Taipei Star Bank and its competitors. According to the industry distribution chart, Taipei Star Bank ranks #546 out of 1424 companies in the Banks industry, placing it in the top 38.3%.
Is Taipei Star Bank's Graham Number too high?
Taipei Star Bank's current Graham Number is NT$14.88. Based on the distribution chart, Taipei Star Bank ranks #546 out of 1424 companies in the Banks industry, which is above the industry midpoint. Overall, Taipei Star Bank has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Taipei Star Bank's Graham Number compare to USB and PNC?
According to the Banks industry distribution chart, Taipei Star Bank ranks #546 out of 1424 companies for Graham Number. This puts Taipei Star Bank in the upper half of its industry. The industry median Graham Number is 0.80. 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 Banks company?
The median Graham Number among Banks companies is 0.80, based on 1,424 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 Taipei Star Bank and its competitors. For the Banks industry, the median Graham Number is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taipei Star Bank's current Graham Number is NT$14.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taipei Star Bank stock overvalued right now?
Based on GuruFocus' analysis, Taipei Star Bank (ROCO:5863) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$14.09, compared to a current price of NT$10.90 — trading 22.6% below its estimated fair value. The current Graham Number is NT$14.88. Taipei Star Bank's overall GF Score™ is 66/100 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 Taipei Star Bank (ROCO:5863), the current Graham Number is NT$14.88 as of Dec. 2025. 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 Taipei Star Bank (ROCO:5863) Overvalued in 2026?
Based on GuruFocus' analysis, Taipei Star Bank stock appears to be undervalued.
The current stock price of NT$10.90 is trading 22.6% below its estimated GF Value™ of NT$14.09.
GuruFocus considers Taipei Star Bank to be Modestly Undervalued.
Key valuation signals for ROCO:5863:
Graham Number: NT$14.88
GF Value™: NT$14.09 vs. price of NT$10.90 (22.6% below fair value)
No single metric tells the full story. See the ROCO:5863 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taipei Star Bank is engaged in banking activities. It provides services of business loans, mortgages, checking deposits, demand deposits, and foreign currency trading business.
66GF Score
Get the complete analysis for ROCO:5863
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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