Tadano (STU:TN0) Graham Number: €8.51 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

STU:TN0 Tadano Ltd STU:TN0
80 GF Score
Price €6.20
GF Value €6.40
! 6 Warning Signs
View Full Analysis

What is Tadano Graham Number?

Tadano STU:TN0 80 Graham Number is €8.51 as of Jun. 2026. GuruFocus rates STU:TN0 with a GF Score™ of 80/100 and a GF Value™ of €6.40. The stock has 6 warning signs investors should review. Among 164 Farm & Heavy Construction Machinery companies, Tadano ranks better than 84.76% on this metric.

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 (2026-09-07), the stock price of Tadano is €6.20. Tadano's graham number for the quarter that ended in Jun. 2026 was €8.51. Therefore, Tadano's Price to Graham Number ratio for today is 0.73.

The historical rank and industry rank for Tadano's Graham Number or its related term are showing as below:

STU:TN0' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.56   Med: 0.82   Max: 3.95
Current: 0.64

During the past 13 years, the highest Price to Graham Number ratio of Tadano was 3.95. The lowest was 0.56. And the median was 0.82.

STU:TN0's Price-to-Graham-Number is ranked better than
84.76% of 164 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.19 vs STU:TN0: 0.64

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Tadano  (STU:TN0) 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.

Tadano's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=6.20/8.51
=0.73

* 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.


Tadano Graham Number Related Terms


Tadano Graham Number Historical Data

* Premium members only.

The historical data trend for Tadano'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.

Tadano Graham Number Chart

Tadano Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 7.48 7.93 10.17 9.42

Tadano Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.21 7.56 9.62 8.41 8.51

STU:TN0 vs CAT, DE, PCAR: Graham Number Comparison

For the Farm & Heavy Construction Machinery subindustry, Tadano'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.


Tadano Price-to-Graham-Number vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Tadano's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Tadano's Price-to-Graham-Number falls into.


STU:TN0
80GF Score
Tadano Ltd STU:TN0
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tadano Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Tadano's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*7.743*0.509)
=9.42

Tadano's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*8.197*0.393)
=8.51

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of €8.51 mean?
Tadano (STU:TN0) has a Graham Number of €8.51 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tadano and its competitors. According to the industry distribution chart, Tadano ranks #25 out of 164 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 15.2%.
Is Tadano's Graham Number too high?
Tadano's current Graham Number is €8.51. Based on the distribution chart, Tadano ranks #25 out of 164 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Tadano has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Tadano's Graham Number compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Tadano ranks #25 out of 164 companies for Graham Number. This places Tadano in the top 15% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.19. 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 Farm & Heavy Construction Machinery company?
The median Graham Number among Farm & Heavy Construction Machinery companies is 1.19, based on 164 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 Tadano and its competitors. For the Farm & Heavy Construction Machinery industry, the median Graham Number is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tadano's current Graham Number is €8.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tadano stock overvalued right now?
Tadano (STU:TN0) has a current Graham Number of €8.51. The stock's GF Value™ is €6.40, compared to a current price of €6.20 — trading 3.1% below its estimated fair value. The current Graham Number is €8.51. Tadano's overall GF Score™ is 80/100 with 6 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 Tadano (STU:TN0), the current Graham Number is €8.51 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 Tadano (STU:TN0) Overvalued in 2026?

Based on GuruFocus' analysis, Tadano stock appears to be undervalued. The current stock price of €6.20 is trading 3.1% below its estimated GF Value™ of €6.40.

Key valuation signals for STU:TN0:

  • Graham Number: €8.51
  • GF Value™: €6.40 vs. price of €6.20 (3.1% below fair value)
  • GF Score™: 80/100 with 6 warning signs

No single metric tells the full story. See the STU:TN0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tadano Business Description

Other Exchanges 6395:Japan
Address 34 Kou, Nittacho, Kagawa Prefecture, Takamatsu City1, JPN, 761-0185
Tadano Ltd manufactures cranes, aerial work platforms, and other components. Mobile cranes account for majority of sales, but the company has diversified into truck cranes, loader cranes, and other special purpose vehicles. Its equipment is built for various terrains with multiple steering and acceleration controls. Tadano has four reportable segments: Japan (majority of total revenue), Europe, Americas and Oceania. Its research and development division looks to utilize innovative and cutting-edge technologies for both domestic and overseas markets. The company offers used equipment and various cylinders to help meet urgent demand. A wide range of experienced and trained technicians help customize components for the operating machines.
80GF Score

Get the complete analysis for STU:TN0

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€6.20
Price
€6.40
GF Value