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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 Zhejiang Tenchen Controls Co's Graham Number or its related term are showing as below:
SHSE:603085'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.22 Med: 4.87 Max: 10.86
Current: 2.62
During the past 13 years, the highest Price to Graham Number ratio of Zhejiang Tenchen Controls Co was 10.86. The lowest was 2.22. And the median was 4.87.
SHSE:603085's Price-to-Graham-Number is ranked worse than 83.25% of 991
companies
in the Vehicles & Parts industry
Industry Median: 1.1
vs SHSE:603085: 2.62
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Zhejiang Tenchen Controls Co (SHSE:603085) 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.
Zhejiang Tenchen Controls Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
9.91
/
3.79
=
2.61
* 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.
Zhejiang Tenchen Controls Co Graham Number Related Terms
Zhejiang Tenchen Controls 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.
SHSE:603085 vs ORLY, AZO, GPC: Graham Number Comparison
For the Auto Parts subindustry, Zhejiang Tenchen Controls 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.
Zhejiang Tenchen Controls Co Price-to-Graham-Number vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Zhejiang Tenchen Controls Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Zhejiang Tenchen Controls 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.
Zhejiang Tenchen Controls Co (SHSE:603085) has a Graham Number of ¥3.52 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Zhejiang Tenchen Controls Co and its competitors. According to the industry distribution chart, Zhejiang Tenchen Controls Co ranks #825 out of 991 companies in the Vehicles & Parts industry, placing it in the top 83.2%.
Is Zhejiang Tenchen Controls Co's Graham Number too high?
Zhejiang Tenchen Controls Co's current Graham Number is ¥3.52. Based on the distribution chart, Zhejiang Tenchen Controls Co ranks #825 out of 991 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Tenchen Controls Co has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Tenchen Controls Co's Graham Number compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Zhejiang Tenchen Controls Co ranks #825 out of 991 companies for Graham Number. This places Zhejiang Tenchen Controls Co in the lower half of its industry. The industry median Graham Number is 1.10. 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 1.10, based on 991 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 Zhejiang Tenchen Controls Co and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Tenchen Controls Co's current Graham Number is ¥3.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Tenchen Controls Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Tenchen Controls Co (SHSE:603085) is currently considered Possible Value Trap. The stock's GF Value™ is ¥18.25, compared to a current price of ¥9.91 — trading 45.7% below its estimated fair value. The current Graham Number is ¥3.52. Zhejiang Tenchen Controls Co's overall GF Score™ is 60/100 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 Zhejiang Tenchen Controls Co (SHSE:603085), the current Graham Number is ¥3.52 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 Zhejiang Tenchen Controls Co (SHSE:603085) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Tenchen Controls Co stock appears to be undervalued.
The current stock price of ¥9.91 is trading 45.7% below its estimated GF Value™ of ¥18.25.
GuruFocus considers Zhejiang Tenchen Controls Co to be Possible Value Trap.
Key valuation signals for SHSE:603085:
Graham Number: ¥3.52
GF Value™: ¥18.25 vs. price of ¥9.91 (45.7% below fair value)
No single metric tells the full story. See the SHSE:603085 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Tenchen Controls Co Ltd is engaged in the development, production, sales, and service of vehicle seats. The company's products include engineering machinery seats, commercial vehicle seats, agricultural machinery seats, and passenger car seats.
60GF Score
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