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Ten Pao Group HoldingsTNPOF 79 Graham Number is $0.51 as of Dec. 2025, which is 14% below its 10-year median of 0.59. GuruFocus rates TNPOF with a GF Score™ of 79/100 and a GF Value™ of $0.11. The stock has 4 warning signs investors should review. Among 2,214 Industrial Products companies, Ten Pao Group Holdings ranks better than 95.8% 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.
Ten Pao Group Holdings (OTCPK:TNPOF) 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.
Ten Pao Group Holdings's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
0.112
/
0.51
=
0.22
* 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.
Ten Pao Group Holdings Graham Number Related Terms
Ten Pao Group 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.
For the Electrical Equipment & Parts subindustry, Ten Pao Group 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.
Ten Pao Group Holdings Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ten Pao Group Holdings's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Ten Pao Group 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.
Ten Pao Group Holdings (TNPOF) has a Graham Number of $0.51 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Ten Pao Group Holdings and its competitors. This is 14% below median its historical median of 0.59. Over the past decade, Ten Pao Group Holdings' Graham Number has ranged from 0.32 to 1.22. According to the industry distribution chart, Ten Pao Group Holdings ranks #93 out of 2214 companies in the Industrial Products industry, placing it in the top 4.2%.
Is Ten Pao Group Holdings' Graham Number too high?
Ten Pao Group Holdings' current Graham Number of $0.51 is 14% below median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.22. The Industrial Products industry median Graham Number is 1.81. Ten Pao Group Holdings' value of $0.51 is 71.8% below this industry median. Based on the distribution chart, Ten Pao Group Holdings ranks #93 out of 2214 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Ten Pao Group Holdings has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does Ten Pao Group Holdings' Graham Number compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ten Pao Group Holdings ranks #93 out of 2214 companies for Graham Number. This places Ten Pao Group Holdings in the top 4% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.81. Ten Pao Group Holdings' value of $0.51 is 71.8% below this benchmark. Historically, Ten Pao Group Holdings' own Graham Number has ranged from 0.32 to 1.22 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 1.81, Ten Pao Group Holdings has consistently been below the industry average. 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 an Industrial Products company?
The median Graham Number among Industrial Products companies is 1.81, based on 2,214 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. Ten Pao Group Holdings's current Graham Number of $0.51 is 71.8% below the industry median. 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 Ten Pao Group Holdings and its competitors. For the Industrial Products industry, the median Graham Number is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ten Pao Group Holdings's current Graham Number is $0.51, which is 14% below median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ten Pao Group Holdings stock overvalued right now?
Ten Pao Group Holdings (TNPOF) has a current Graham Number of $0.51. The stock's GF Value™ is $0.11, compared to a current price of $0.11 — trading 1.8% above its estimated fair value. The current Graham Number is $0.51, which is 14% below median its 10-year median of 0.59 and 71.8% below the Industrial Products industry median of 1.81. Ten Pao Group Holdings' 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 Ten Pao Group Holdings (TNPOF), the current Graham Number is $0.51 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 Ten Pao Group Holdings (TNPOF) Overvalued in 2026?
Based on GuruFocus' analysis, Ten Pao Group Holdings stock appears to be overvalued.
The current stock price of $0.11 is trading 1.8% above its estimated GF Value™ of $0.11.
Key valuation signals for TNPOF:
Graham Number: $0.51 (14% below median its 10-year median of 0.59)
GF Value™: $0.11 vs. price of $0.11 (1.8% above fair value)
Industry Position: 71.8% below the Industrial Products median (#93 of 2214)
No single metric tells the full story. See the TNPOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ten Pao Group Holdings Ltd is an investment holding company. It is engaged in the sales and manufacturing of switching power supply units for consumer products and smart chargers and controllers for industrial use. The operating segments of the company are Telecommunication, Media and Entertainment, Lighting, Smart chargers and controllers, New Energy Business, and others. Some of its products are USB chargers, wireless chargers, adapters, open-frame power supplies, LED drivers, smart chargers and controllers, and power savers. Geographically, the group has a business presence in the PRC (excluding Hong Kong), Europe, Asia, the U.S., Africa, and Other regions, of which prime revenue is derived from the PRC (excluding Hong Kong).
79GF Score
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