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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.
As of today (2026-08-26), the stock price of Lian Hwa Foods is NT$80.80. Lian Hwa Foods's graham number for the quarter that ended in Jun. 2026 was NT$47.96. Therefore, Lian Hwa Foods's Price to Graham Number ratio for today is 1.68.
The historical rank and industry rank for Lian Hwa Foods's Graham Number or its related term are showing as below:
TPE:1231'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.85 Med: 1.48 Max: 3.18
Current: 1.68
During the past 13 years, the highest Price to Graham Number ratio of Lian Hwa Foods was 3.18. The lowest was 0.85. And the median was 1.48.
TPE:1231's Price-to-Graham-Number is ranked worse than 69.69% of 1389
companies
in the Consumer Packaged Goods industry
Industry Median: 1.13
vs TPE:1231: 1.68
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Lian Hwa Foods (TPE:1231) 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.
Lian Hwa Foods's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
80.80
/
47.96
=
1.68
* 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.
Lian Hwa Foods Graham Number Related Terms
Lian Hwa Foods Graham Number Historical Data
* Premium members only.
The historical data trend for Lian Hwa Foods'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 Packaged Foods subindustry, Lian Hwa Foods'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.
Lian Hwa Foods Price-to-Graham-Number vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Lian Hwa Foods's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Lian Hwa Foods'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.
Lian Hwa Foods (TPE:1231) has a Graham Number of NT$47.96 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Lian Hwa Foods and its competitors. According to the industry distribution chart, Lian Hwa Foods ranks #968 out of 1389 companies in the Consumer Packaged Goods industry, placing it in the top 69.7%.
Is Lian Hwa Foods' Graham Number too high?
Lian Hwa Foods' current Graham Number is NT$47.96. Based on the distribution chart, Lian Hwa Foods ranks #968 out of 1389 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Lian Hwa Foods has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lian Hwa Foods' Graham Number compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Lian Hwa Foods ranks #968 out of 1389 companies for Graham Number. This places Lian Hwa Foods in the lower half of its industry. The industry median Graham Number is 1.13. 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 Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.13, based on 1,389 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 Lian Hwa Foods and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lian Hwa Foods's current Graham Number is NT$47.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lian Hwa Foods stock overvalued right now?
Based on GuruFocus' analysis, Lian Hwa Foods (TPE:1231) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$91.66, compared to a current price of NT$80.80 — trading 11.8% below its estimated fair value. The current Graham Number is NT$47.96. Lian Hwa Foods' overall GF Score™ is 90/100 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 Lian Hwa Foods (TPE:1231), the current Graham Number is NT$47.96 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 Lian Hwa Foods (TPE:1231) Overvalued in 2026?
Based on GuruFocus' analysis, Lian Hwa Foods stock appears to be undervalued.
The current stock price of NT$80.80 is trading 11.8% below its estimated GF Value™ of NT$91.66.
GuruFocus considers Lian Hwa Foods to be Modestly Undervalued.
Key valuation signals for TPE:1231:
Graham Number: NT$47.96
GF Value™: NT$91.66 vs. price of NT$80.80 (11.8% below fair value)
No single metric tells the full story. See the TPE:1231 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lian Hwa Foods Corp is engaged in the manufacturing, processing, trading, and wholesale and retail of seaweed, squid, pasta, rice bran, beans, nuts, melon seeds, jams, beverages, sugar, candy, biscuits, peanut butter and other products or processed products, and various sea and land products, frozen processed foods and canned foods. It operates in two divisions: Snack Food Division and RTE (Ready-to-Eat) Foods Division. The RTE (Ready-to-Eat) Foods Division derives majority of the revenue from Taiwan. Its brands include KOLOKO Crispy Pea Snacks, VIVA Nuts, CADINA Snacks, Moto-Moto-Yama Seaweed, Chef Hoka Instant Pasta, and Lucky Star Snacks.
90GF Score
Get the complete analysis for TPE:1231
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