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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 (2026-09-17), the stock price of Macnica Galaxy is NT$133.00. Macnica Galaxy's graham number for the quarter that ended in Jun. 2026 was NT$109.84. Therefore, Macnica Galaxy's Price to Graham Number ratio for today is 1.21.
The historical rank and industry rank for Macnica Galaxy's Graham Number or its related term are showing as below:
ROCO:6227'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.49 Med: 0.77 Max: 1.57
Current: 1.22
During the past 13 years, the highest Price to Graham Number ratio of Macnica Galaxy was 1.57. The lowest was 0.49. And the median was 0.77.
ROCO:6227's Price-to-Graham-Number is ranked better than 65.34% of 1659
companies
in the Hardware industry
Industry Median: 1.76
vs ROCO:6227: 1.22
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Macnica Galaxy (ROCO:6227) 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.
Macnica Galaxy's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
133.00
/
110.08
=
1.21
* 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.
Macnica Galaxy Graham Number Related Terms
Macnica Galaxy Graham Number Historical Data
* Premium members only.
The historical data trend for Macnica Galaxy'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:6227 vs SNX, ARW, AVT: Graham Number Comparison
For the Electronics & Computer Distribution subindustry, Macnica Galaxy'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.
Macnica Galaxy Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, Macnica Galaxy's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Macnica Galaxy'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.
Macnica Galaxy (ROCO:6227) has a Graham Number of NT$109.84 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Macnica Galaxy and its competitors. According to the industry distribution chart, Macnica Galaxy ranks #575 out of 1659 companies in the Hardware industry, placing it in the top 34.7%.
Is Macnica Galaxy's Graham Number too high?
Macnica Galaxy's current Graham Number is NT$109.84. Based on the distribution chart, Macnica Galaxy ranks #575 out of 1659 companies in the Hardware industry, which is above the industry midpoint. Overall, Macnica Galaxy has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Macnica Galaxy's Graham Number compare to SNX and ARW?
According to the Hardware industry distribution chart, Macnica Galaxy ranks #575 out of 1659 companies for Graham Number. This puts Macnica Galaxy in the upper half of its industry. The industry median Graham Number is 1.76. 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 1.76, based on 1,659 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 Macnica Galaxy and its competitors. For the Hardware industry, the median Graham Number is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macnica Galaxy's current Graham Number is NT$109.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macnica Galaxy stock overvalued right now?
Based on GuruFocus' analysis, Macnica Galaxy (ROCO:6227) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$119.50, compared to a current price of NT$133.00 — trading 11.3% above its estimated fair value. The current Graham Number is NT$109.84. Macnica Galaxy's overall GF Score™ is 83/100 with 1 warning sign 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 Macnica Galaxy (ROCO:6227), the current Graham Number is NT$109.84 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 Macnica Galaxy (ROCO:6227) Overvalued in 2026?
Based on GuruFocus' analysis, Macnica Galaxy stock appears to be overvalued.
The current stock price of NT$133.00 is trading 11.3% above its estimated GF Value™ of NT$119.50.
GuruFocus considers Macnica Galaxy to be Modestly Overvalued.
Key valuation signals for ROCO:6227:
Graham Number: NT$109.84
GF Value™: NT$119.50 vs. price of NT$133.00 (11.3% above fair value)
No single metric tells the full story. See the ROCO:6227 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macnica Galaxy Inc operates as a distributor of IC products in Taiwan. It offers products under the brands such as Altair, Averlogic, Chipone (iML), Cypress, Dialog semiconductor, Everspin, FTDI Chip, Genesys Logic and others. The company ahs two segments: Macnica Galaxy Inc segment is responsible for engaging in the agency trading and technical services of semiconductor electronic components; and Macnica Galaxy International segment is responsible for the import and export trade of electronic and electrical components and finished products. It derives maximum revenue from Macnica Galaxy Inc segment.
83GF Score
Get the complete analysis for ROCO:6227
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