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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.
STU:QJE'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.52 Med: 2.12 Max: 2.72
Current: 2.2
During the past 13 years, the highest Price to Graham Number ratio of Pan Pacific International Holdings was 2.72. The lowest was 1.52. And the median was 2.12.
STU:QJE's Price-to-Graham-Number is ranked worse than 78.54% of 233
companies
in the Retail - Defensive industry
Industry Median: 1.24
vs STU:QJE: 2.20
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Pan Pacific International Holdings (STU:QJE) 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.
Pan Pacific International Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
4.90
/
2.30
=
2.13
* 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.
Pan Pacific International Holdings Graham Number Related Terms
Pan Pacific International Holdings 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.
Pan Pacific International Holdings Graham Number Chart
STU:QJE vs WMT, COST, TGT: Graham Number Comparison
For the Discount Stores subindustry, Pan Pacific International Holdings'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.
Pan Pacific International Holdings Price-to-Graham-Number vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Pan Pacific International Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Pan Pacific International Holdings'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.
Pan Pacific International Holdings (STU:QJE) has a Graham Number of €2.30 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Pan Pacific International Holdings and its competitors. This is near median its historical median of 2.12. Over the past decade, Pan Pacific International Holdings' Graham Number has ranged from 1.52 to 2.72. According to the industry distribution chart, Pan Pacific International Holdings ranks #183 out of 233 companies in the Retail - Defensive industry, placing it in the top 78.5%.
Is Pan Pacific International Holdings' Graham Number too high?
Pan Pacific International Holdings' current Graham Number of €2.30 is near median its 10-year median of 2.12. Over the past 10 years, this metric has ranged from a low of 1.52 to a high of 2.72. Based on the distribution chart, Pan Pacific International Holdings ranks #183 out of 233 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Pan Pacific International Holdings has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Pan Pacific International Holdings' Graham Number compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Pan Pacific International Holdings ranks #183 out of 233 companies for Graham Number. This places Pan Pacific International Holdings in the lower half of its industry. The industry median Graham Number is 1.24. Historically, Pan Pacific International Holdings' own Graham Number has ranged from 1.52 to 2.72 over the past decade. 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 Retail - Defensive company?
The median Graham Number among Retail - Defensive companies is 1.24, based on 233 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 Pan Pacific International Holdings and its competitors. For the Retail - Defensive industry, the median Graham Number is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pan Pacific International Holdings's current Graham Number is €2.30, which is near median its own 10-year median of 2.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pan Pacific International Holdings stock overvalued right now?
Pan Pacific International Holdings (STU:QJE) has a current Graham Number of €2.30. The stock's GF Value™ is €5.02, compared to a current price of €4.90 — trading 2.4% below its estimated fair value. The current Graham Number is €2.30, which is near median its 10-year median of 2.12. Pan Pacific International Holdings' overall GF Score™ is 81/100. 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 Pan Pacific International Holdings (STU:QJE), the current Graham Number is €2.30 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 Pan Pacific International Holdings (STU:QJE) Overvalued in 2026?
Based on GuruFocus' analysis, Pan Pacific International Holdings stock appears to be undervalued.
The current stock price of €4.90 is trading 2.4% below its estimated GF Value™ of €5.02.
Key valuation signals for STU:QJE:
Graham Number: €2.30 (near median its 10-year median of 2.12)
GF Value™: €5.02 vs. price of €4.90 (2.4% below fair value)
No single metric tells the full story. See the STU:QJE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pan Pacific International Holdings is a leading operator of discount stores and general merchandise stores primarily in Japan, operating 661 stores as of early 2026 nationally. It offers a wide range of products from packaged food, cosmetics, and household products to consumer electronics. The primary store formats include the Don Quijote discount stores, Mega Donki format, and general merchandise stores operated under the UNY brand. Overseas operations concentrate on North America and Southeast Asia. The group has acquired small supermarket chains in Hawaii and California in the US and also operates stores across Singapore and Hong Kong.
81GF Score
Get the complete analysis for STU:QJE
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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