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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 (2026-09-01), the stock price of Yeh-Chiang Technology is NT$27.05. Yeh-Chiang Technology's graham number for the quarter that ended in Jun. 2026 was NT$14.13. Therefore, Yeh-Chiang Technology's Price to Graham Number ratio for today is 1.91.
The historical rank and industry rank for Yeh-Chiang Technology's Graham Number or its related term are showing as below:
ROCO:6124'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.01 Med: 1.46 Max: 2.92
Current: 1.91
During the past 13 years, the highest Price to Graham Number ratio of Yeh-Chiang Technology was 2.92. The lowest was 1.01. And the median was 1.46.
ROCO:6124's Price-to-Graham-Number is ranked worse than 51.97% of 1651
companies
in the Hardware industry
Industry Median: 1.82
vs ROCO:6124: 1.91
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Yeh-Chiang Technology (ROCO:6124) 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.
Yeh-Chiang Technology's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
27.05
/
14.13
=
1.91
* 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.
Yeh-Chiang Technology Graham Number Related Terms
Yeh-Chiang Technology Graham Number Historical Data
* Premium members only.
The historical data trend for Yeh-Chiang Technology'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.
ROCO:6124 vs APH, GLW, TEL: Graham Number Comparison
For the Electronic Components subindustry, Yeh-Chiang Technology'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.
Yeh-Chiang Technology Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, Yeh-Chiang Technology's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Yeh-Chiang Technology'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.
Yeh-Chiang Technology (ROCO:6124) has a Graham Number of NT$14.13 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Yeh-Chiang Technology and its competitors. According to the industry distribution chart, Yeh-Chiang Technology ranks #858 out of 1651 companies in the Hardware industry, placing it in the top 52%.
Is Yeh-Chiang Technology's Graham Number too high?
Yeh-Chiang Technology's current Graham Number is NT$14.13. Based on the distribution chart, Yeh-Chiang Technology ranks #858 out of 1651 companies in the Hardware industry, which is below the industry midpoint. Overall, Yeh-Chiang Technology has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Yeh-Chiang Technology's Graham Number compare to APH and GLW?
According to the Hardware industry distribution chart, Yeh-Chiang Technology ranks #858 out of 1651 companies for Graham Number. This places Yeh-Chiang Technology in the lower half of its industry. The industry median Graham Number is 1.82. 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 1.82, based on 1,651 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 Yeh-Chiang Technology and its competitors. For the Hardware industry, the median Graham Number is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Yeh-Chiang Technology's current Graham Number is NT$14.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Yeh-Chiang Technology stock overvalued right now?
Based on GuruFocus' analysis, Yeh-Chiang Technology (ROCO:6124) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$30.15, compared to a current price of NT$27.05 — trading 10.3% below its estimated fair value. The current Graham Number is NT$14.13. Yeh-Chiang Technology's overall GF Score™ is 65/100 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 Yeh-Chiang Technology (ROCO:6124), the current Graham Number is NT$14.13 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 Yeh-Chiang Technology (ROCO:6124) Overvalued in 2026?
Based on GuruFocus' analysis, Yeh-Chiang Technology stock appears to be undervalued.
The current stock price of NT$27.05 is trading 10.3% below its estimated GF Value™ of NT$30.15.
GuruFocus considers Yeh-Chiang Technology to be Modestly Undervalued.
Key valuation signals for ROCO:6124:
Graham Number: NT$14.13
GF Value™: NT$30.15 vs. price of NT$27.05 (10.3% below fair value)
No single metric tells the full story. See the ROCO:6124 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Yeh-Chiang Technology Corp is focused on electronic materials. The company is engaged in the production and sales of high-tech heat pipe components, solder balls, LED lighting products, and equipment. Its operating segments include the Heat pipe segment and the Lighting segment. Geographically, it derives a majority of its revenue from China and also has a presence in Taiwan, Singapore, and Other countries.
65GF Score
Get the complete analysis for ROCO:6124
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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