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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.
SHSE:601799's Price-to-Graham-Number is ranked better than 52.08% of 987
companies
in the Vehicles & Parts industry
Industry Median: 1.11
vs SHSE:601799: 1.06
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799) 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.
Changzhou Xingyu Automotive Lighting Systems Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
71.68
/
67.52
=
1.06
* 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.
Changzhou Xingyu Automotive Lighting Systems Co Graham Number Related Terms
Changzhou Xingyu Automotive Lighting Systems 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.
Changzhou Xingyu Automotive Lighting Systems Co Graham Number Chart
Changzhou Xingyu Automotive Lighting Systems Co Annual Data
SHSE:601799 vs ORLY, AZO, GPC: Graham Number Comparison
For the Auto Parts subindustry, Changzhou Xingyu Automotive Lighting Systems 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.
Changzhou Xingyu Automotive Lighting Systems Co Price-to-Graham-Number vs Vehicles & Parts Industry
* 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.
Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799) has a Graham Number of ¥67.52 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Changzhou Xingyu Automotive Lighting Systems Co and its competitors. According to the industry distribution chart, Changzhou Xingyu Automotive Lighting Systems Co ranks #473 out of 987 companies in the Vehicles & Parts industry, placing it in the top 47.9%.
Is Changzhou Xingyu Automotive Lighting Systems Co's Graham Number too high?
Changzhou Xingyu Automotive Lighting Systems Co's current Graham Number is ¥67.52. Based on the distribution chart, Changzhou Xingyu Automotive Lighting Systems Co ranks #473 out of 987 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Changzhou Xingyu Automotive Lighting Systems Co has a GF Score™ of 79/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Changzhou Xingyu Automotive Lighting Systems Co's Graham Number compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Changzhou Xingyu Automotive Lighting Systems Co ranks #473 out of 987 companies for Graham Number. This puts Changzhou Xingyu Automotive Lighting Systems Co in the upper half of its industry. The industry median Graham Number is 1.11. 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 Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.11, based on 987 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 Changzhou Xingyu Automotive Lighting Systems Co and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Changzhou Xingyu Automotive Lighting Systems Co's current Graham Number is ¥67.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Changzhou Xingyu Automotive Lighting Systems Co stock overvalued right now?
Based on GuruFocus' analysis, Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799) is currently considered Significantly Undervalued. The stock's GF Value™ is ¥163.26, compared to a current price of ¥71.68 — trading 56.1% below its estimated fair value. The current Graham Number is ¥67.52. Changzhou Xingyu Automotive Lighting Systems Co's overall GF Score™ is 79/100 with 4 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 Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799), the current Graham Number is ¥67.52 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 Changzhou Xingyu Automotive Lighting Systems Co (SHSE:601799) Overvalued in 2026?
Based on GuruFocus' analysis, Changzhou Xingyu Automotive Lighting Systems Co stock appears to be undervalued.
The current stock price of ¥71.68 is trading 56.1% below its estimated GF Value™ of ¥163.26.
GuruFocus considers Changzhou Xingyu Automotive Lighting Systems Co to be Significantly Undervalued.
Key valuation signals for SHSE:601799:
Graham Number: ¥67.52
GF Value™: ¥163.26 vs. price of ¥71.68 (56.1% below fair value)
No single metric tells the full story. See the SHSE:601799 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Changzhou Xingyu Automotive Lighting Systems Co Ltd specializes in the development, manufacturing, and sale of automotive lighting in China. The company has various types of equipment, namely large injection molding machines, multicolor injection molding machines, plastic surface photo-curing lines, robot gluing and painting stations, vibration and friction welding machines, vacuum aluminum plating machines, and others.
79GF Score
Get the complete analysis for SHSE:601799
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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