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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 YTO Express Group Co is ¥16.86. YTO Express Group Co's graham number for the quarter that ended in Jun. 2026 was ¥18.00. Therefore, YTO Express Group Co's Price to Graham Number ratio for today is 0.94.
The historical rank and industry rank for YTO Express Group Co's Graham Number or its related term are showing as below:
SHSE:600233'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.88 Med: 1.63 Max: 5.43
Current: 0.94
During the past 13 years, the highest Price to Graham Number ratio of YTO Express Group Co was 5.43. The lowest was 0.88. And the median was 1.63.
SHSE:600233's Price-to-Graham-Number is ranked better than 55.36% of 746
companies
in the Transportation industry
Industry Median: 1.02
vs SHSE:600233: 0.94
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
YTO Express Group Co (SHSE:600233) 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.
YTO Express Group Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
16.86
/
18.00
=
0.94
* 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.
YTO Express Group Co Graham Number Related Terms
YTO Express Group Co Graham Number Historical Data
* Premium members only.
The historical data trend for YTO Express Group Co'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.
SHSE:600233 vs UPS, FDX, EXPD: Graham Number Comparison
For the Integrated Freight & Logistics subindustry, YTO Express Group 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.
YTO Express Group Co Price-to-Graham-Number vs Transportation Industry
For the Transportation industry and Industrials sector, YTO Express Group Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where YTO Express Group 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.
YTO Express Group Co (SHSE:600233) has a Graham Number of ¥18.00 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on YTO Express Group Co and its competitors. According to the industry distribution chart, YTO Express Group Co ranks #333 out of 746 companies in the Transportation industry, placing it in the top 44.6%.
Is YTO Express Group Co's Graham Number too high?
YTO Express Group Co's current Graham Number is ¥18.00. Based on the distribution chart, YTO Express Group Co ranks #333 out of 746 companies in the Transportation industry, which is above the industry midpoint. Overall, YTO Express Group Co has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does YTO Express Group Co's Graham Number compare to UPS and FDX?
According to the Transportation industry distribution chart, YTO Express Group Co ranks #333 out of 746 companies for Graham Number. This puts YTO Express Group Co in the upper half of its industry. The industry median Graham Number is 1.02. 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 Transportation company?
The median Graham Number among Transportation companies is 1.02, based on 746 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 YTO Express Group Co and its competitors. For the Transportation industry, the median Graham Number is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. YTO Express Group Co's current Graham Number is ¥18.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is YTO Express Group Co stock overvalued right now?
Based on GuruFocus' analysis, YTO Express Group Co (SHSE:600233) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥18.85, compared to a current price of ¥16.86 — trading 10.6% below its estimated fair value. The current Graham Number is ¥18.00. YTO Express Group Co's overall GF Score™ is 95/100 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 YTO Express Group Co (SHSE:600233), the current Graham Number is ¥18.00 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 YTO Express Group Co (SHSE:600233) Overvalued in 2026?
Based on GuruFocus' analysis, YTO Express Group Co stock appears to be undervalued.
The current stock price of ¥16.86 is trading 10.6% below its estimated GF Value™ of ¥18.85.
GuruFocus considers YTO Express Group Co to be Modestly Undervalued.
Key valuation signals for SHSE:600233:
Graham Number: ¥18.00
GF Value™: ¥18.85 vs. price of ¥16.86 (10.6% below fair value)
No single metric tells the full story. See the SHSE:600233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
YTO Express is one of the Tongda operators—the top four national express delivery companies that use the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to their network partners for fees, while their local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect customer payments.The company was founded by Yu Huijiao in 2000. Yu remains chair and president with a 33.4% stake as of Feb. 25, 2026. Yu and Zhang Xiaojuan, who owned 2.15% of YTO as of that date, are persons acting in concert. YTO's strategic shareholder is leading China e-commerce company Alibaba Group and its affiliated companies, with around a 16.8% interest as of Feb. 25, 2026.
95GF Score
Get the complete analysis for SHSE:600233
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