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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 Horng Terng Automation Co's Graham Number or its related term are showing as below:
ROCO:7751'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.85 Med: 3.7 Max: 6.69
Current: 6.24
During the past 5 years, the highest Price to Graham Number ratio of Horng Terng Automation Co was 6.69. The lowest was 2.85. And the median was 3.70.
ROCO:7751's Price-to-Graham-Number is ranked worse than 82.11% of 693
companies
in the Semiconductors industry
Industry Median: 2.51
vs ROCO:7751: 6.24
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Horng Terng Automation Co (ROCO:7751) 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.
Horng Terng Automation Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
1420.00
/
227.82
=
6.23
* 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.
Horng Terng Automation Co Graham Number Related Terms
Horng Terng Automation Co 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:7751 vs LRCX, AMAT, KLAC: Graham Number Comparison
For the Semiconductor Equipment & Materials subindustry, Horng Terng Automation Co'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.
Horng Terng Automation Co Price-to-Graham-Number vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Horng Terng Automation Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Horng Terng Automation Co'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.
Horng Terng Automation Co (ROCO:7751) has a Graham Number of NT$226.97 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Horng Terng Automation Co and its competitors. According to the industry distribution chart, Horng Terng Automation Co ranks #569 out of 693 companies in the Semiconductors industry, placing it in the top 82.1%.
Is Horng Terng Automation Co's Graham Number too high?
Horng Terng Automation Co's current Graham Number is NT$226.97. Based on the distribution chart, Horng Terng Automation Co ranks #569 out of 693 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Horng Terng Automation Co has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.
How does Horng Terng Automation Co's Graham Number compare to LRCX and AMAT?
According to the Semiconductors industry distribution chart, Horng Terng Automation Co ranks #569 out of 693 companies for Graham Number. This places Horng Terng Automation Co in the lower half of its industry. The industry median Graham Number is 2.51. 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 Semiconductors company?
The median Graham Number among Semiconductors companies is 2.51, based on 693 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 Horng Terng Automation Co and its competitors. For the Semiconductors industry, the median Graham Number is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horng Terng Automation Co's current Graham Number is NT$226.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horng Terng Automation Co stock overvalued right now?
Horng Terng Automation Co (ROCO:7751) has a current Graham Number of NT$226.97. The current Graham Number is NT$226.97. Horng Terng Automation Co's overall GF Score™ is 32/100. 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 Horng Terng Automation Co (ROCO:7751), the current Graham Number is NT$226.97 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.
Horng Terng Automation Co Ltd is a Company that concentrates all its efforts on continuous research and development and upgrading of skills, providing complete technologies and equipment to customers, and providing customized equipment development and design, detection efficiency improvement, equipment integration and application, and other immediate and complete solutions based on customer development trends. The Company generates revenue from the research and development, manufacturing, and sale of semiconductor automation equipment. It mainly focuses on the R&D, production, and sale of semiconductor automation equipment.
32GF Score
Get the complete analysis for ROCO:7751
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