Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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 Dongjiang Environmental Co's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Dongjiang Environmental Co was 2.58. The lowest was 0.90. And the median was 1.35.
SZDEF's Price-to-Graham-Number is not ranked *
in the Waste Management industry.
Industry Median: 1.4 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Dongjiang Environmental Co (OTCPK:SZDEF) 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.
Dongjiang Environmental Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.2937
/
N/A
=
N/A
* 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.
Dongjiang Environmental Co Graham Number Related Terms
Dongjiang Environmental 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.
For the Waste Management subindustry, Dongjiang Environmental 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.
Dongjiang Environmental Co Price-to-Graham-Number vs Waste Management Industry
For the Waste Management industry and Industrials sector, Dongjiang Environmental Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Dongjiang Environmental 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.
Dongjiang Environmental Co (SZDEF) has a Graham Number of $N/A as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Dongjiang Environmental Co and its competitors. Over the past decade, Dongjiang Environmental Co's Graham Number has ranged from 0.90 to 2.58. According to the industry distribution chart, Dongjiang Environmental Co ranks #999999 out of 138 companies in the Waste Management industry.
Is Dongjiang Environmental Co's Graham Number too high?
Dongjiang Environmental Co's current Graham Number is $N/A. Over the past 10 years, this metric has ranged from a low of 0.90 to a high of 2.58. Based on the distribution chart, Dongjiang Environmental Co ranks #999999 out of 138 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Dongjiang Environmental Co has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Dongjiang Environmental Co's Graham Number compare to WM and RSG?
According to the Waste Management industry distribution chart, Dongjiang Environmental Co ranks #999999 out of 138 companies for Graham Number. This places Dongjiang Environmental Co in the lower half of its industry. The industry median Graham Number is 1.40. Historically, Dongjiang Environmental Co's own Graham Number has ranged from 0.90 to 2.58 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 Waste Management company?
The median Graham Number among Waste Management companies is 1.40, based on 138 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 Dongjiang Environmental Co and its competitors. For the Waste Management industry, the median Graham Number is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dongjiang Environmental Co's current Graham Number is $N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dongjiang Environmental Co stock overvalued right now?
Dongjiang Environmental Co (SZDEF) has a current Graham Number of $N/A. The stock's GF Value™ is $0.29, compared to a current price of $0.29 — trading 1.3% above its estimated fair value. The current Graham Number is $N/A. Dongjiang Environmental Co's overall GF Score™ is 53/100 with 7 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 Dongjiang Environmental Co (SZDEF), the current Graham Number is $N/A as of Dec. 2025. 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 Dongjiang Environmental Co (SZDEF) Overvalued in 2026?
Based on GuruFocus' analysis, Dongjiang Environmental Co stock appears to be overvalued.
The current stock price of $0.29 is trading 1.3% above its estimated GF Value™ of $0.29.
Key valuation signals for SZDEF:
Graham Number: $N/A
GF Value™: $0.29 vs. price of $0.29 (1.3% above fair value)
No single metric tells the full story. See the SZDEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressNo. 9 Langshan Road, 1st Floor, 3rd Floor, North of 8th Floor, 9th-12th Floor, Dongjiang Environmental Building, North Zone of Hi-tech Industrial Park, Nanshan, Shenzhen, CHN
Dongjiang Environmental Co Ltd is an investment holding company principally engaged in waste treatment businesses. It operates in the following segments: Industrial waste recycling; Industrial waste treatment and disposal; Rare and precious metals recycling; Municipal waste treatment and disposal; Electronic waste dismantling treatment; Renewable energy utilization; Environmental engineering and services and others. It derives maximum revenue from Industrial Waste recycling segment.
53GF Score
Get the complete analysis for SZDEF
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SZDEF has been successfully added to your 
