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Toho Zinc CoTOHZF 35 Graham Number is $5.60 as of Mar. 2026, which is 762% above its 10-year median of 0.65. GuruFocus rates TOHZF with a GF Score™ of 35/100 and a GF Value™ of $3.19. The stock has 5 warning signs investors should review. Among 612 Metals & Mining companies, Toho Zinc Co ranks better than 64.71% 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 (2026-07-24), the stock price of Toho Zinc Co is $6.99. Toho Zinc Co's graham number for the quarter that ended in Mar. 2026 was $5.60. Therefore, Toho Zinc Co's Price to Graham Number ratio for today is 1.25.
The historical rank and industry rank for Toho Zinc Co's Graham Number or its related term are showing as below:
TOHZF'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.31 Med: 0.65 Max: 4.28
Current: 0.93
During the past 13 years, the highest Price to Graham Number ratio of Toho Zinc Co was 4.28. The lowest was 0.31. And the median was 0.65.
TOHZF's Price-to-Graham-Number is ranked better than 64.71% of 612
companies
in the Metals & Mining industry
Industry Median: 1.26
vs TOHZF: 0.93
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Toho Zinc Co (OTCPK:TOHZF) 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.
Toho Zinc Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
6.99
/
5.60
=
1.25
* 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.
Toho Zinc Co Graham Number Related Terms
Toho Zinc Co Graham Number Historical Data
* Premium members only.
The historical data trend for Toho Zinc Co'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.
For the Other Industrial Metals & Mining subindustry, Toho Zinc 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.
Toho Zinc Co Price-to-Graham-Number vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Toho Zinc Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Toho Zinc 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.
Toho Zinc Co (TOHZF) has a Graham Number of $5.60 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Toho Zinc Co and its competitors. This is 762% above median its historical median of 0.65. Over the past decade, Toho Zinc Co's Graham Number has ranged from 0.31 to 4.28. According to the industry distribution chart, Toho Zinc Co ranks #216 out of 612 companies in the Metals & Mining industry, placing it in the top 35.3%.
Is Toho Zinc Co's Graham Number too high?
Toho Zinc Co's current Graham Number of $5.60 is 762% above median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 4.28. The Metals & Mining industry median Graham Number is 1.26. Toho Zinc Co's value of $5.60 is 344.4% above this industry median. Based on the distribution chart, Toho Zinc Co ranks #216 out of 612 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Toho Zinc Co has a GF Score™ of 35/100, reflecting its overall financial health beyond just this single metric.
How does Toho Zinc Co's Graham Number compare to competitors?
According to the Metals & Mining industry distribution chart, Toho Zinc Co ranks #216 out of 612 companies for Graham Number. This puts Toho Zinc Co in the upper half of its industry. The industry median Graham Number is 1.26. Toho Zinc Co's value of $5.60 is 344.4% above this benchmark. Historically, Toho Zinc Co's own Graham Number has ranged from 0.31 to 4.28 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 1.26, Toho Zinc Co has consistently been above 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 a Metals & Mining company?
The median Graham Number among Metals & Mining companies is 1.26, based on 612 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. Toho Zinc Co's current Graham Number of $5.60 is 344.4% above 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 Toho Zinc Co and its competitors. For the Metals & Mining industry, the median Graham Number is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toho Zinc Co's current Graham Number is $5.60, which is 762% above median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toho Zinc Co stock overvalued right now?
Toho Zinc Co (TOHZF) has a current Graham Number of $5.60. The stock's GF Value™ is $3.19, compared to a current price of $6.99 — trading 119.1% above its estimated fair value. The current Graham Number is $5.60, which is 762% above median its 10-year median of 0.65 and 344.4% above the Metals & Mining industry median of 1.26. Toho Zinc Co's overall GF Score™ is 35/100 with 5 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 Toho Zinc Co (TOHZF), the current Graham Number is $5.60 as of Mar. 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 Toho Zinc Co (TOHZF) Overvalued in 2026?
Based on GuruFocus' analysis, Toho Zinc Co stock appears to be overvalued.
The current stock price of $6.99 is trading 119.1% above its estimated GF Value™ of $3.19.
Key valuation signals for TOHZF:
Graham Number: $5.60 (762% above median its 10-year median of 0.65)
GF Value™: $3.19 vs. price of $6.99 (119.1% above fair value)
Industry Position: 344.4% above the Metals & Mining median (#216 of 612)
No single metric tells the full story. See the TOHZF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toho Zinc Co Ltd is engaged in smelting and refining of non-ferrous metals and supplier of zinc products. Its products portfolio consists of zinc powder, Cadmium Oxide, Sulfuric Acid, Electrolytic Zinc, and Zinc Alloys for Die Casting. The company's segments include Smelting, Mineral resources, Electronic components, and Environment and recycling. The majority of the company's revenue is derived from sale and production of zinc and lead products, electric silver and sulfuric acid. The company operates in Japan, Asia, and Oceania.
35GF Score
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