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Chang Ho FibreTPE:1468 +1.15%51 Graham Number is NT$13.21 as of Jun. 2026, which is 100% below its 10-year median of 1.89. GuruFocus rates TPE:1468 with a GF Score™ of 51/100 and a GF Value™ of NT$8.16 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 726 Manufacturing - Apparel & Accessories companies, Chang Ho Fibre ranks better than 52.34% 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 (2026-08-24), the stock price of Chang Ho Fibre is NT$13.25. Chang Ho Fibre's graham number for the quarter that ended in Jun. 2026 was NT$13.21. Therefore, Chang Ho Fibre's Price to Graham Number ratio for today is 1.00.
The historical rank and industry rank for Chang Ho Fibre's Graham Number or its related term are showing as below:
TPE:1468'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.91 Med: 1.89 Max: 14.05
Current: 1
During the past 13 years, the highest Price to Graham Number ratio of Chang Ho Fibre was 14.05. The lowest was 0.91. And the median was 1.89.
TPE:1468's Price-to-Graham-Number is ranked better than 52.34% of 726
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.045
vs TPE:1468: 1.00
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Chang Ho Fibre (TPE:1468) 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.
Chang Ho Fibre's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
13.25
/
13.21
=
1.00
* 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.
Chang Ho Fibre Graham Number Related Terms
Chang Ho Fibre Graham Number Historical Data
* Premium members only.
The historical data trend for Chang Ho Fibre'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.
Chang Ho Fibre Graham Number Competitor Comparison
For the Textile Manufacturing subindustry, Chang Ho Fibre'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.
Chang Ho Fibre Price-to-Graham-Number vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Chang Ho Fibre's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Chang Ho Fibre'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.
Chang Ho Fibre (TPE:1468) has a Graham Number of NT$13.21 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Chang Ho Fibre and its competitors. This is 599% above median its historical median of 1.89. Over the past decade, Chang Ho Fibre's Graham Number has ranged from 0.91 to 14.05. According to the industry distribution chart, Chang Ho Fibre ranks #346 out of 726 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 47.7%.
Is Chang Ho Fibre's Graham Number too high?
Chang Ho Fibre's current Graham Number of NT$13.21 is 599% above median its 10-year median of 1.89. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 14.05. Based on the distribution chart, Chang Ho Fibre ranks #346 out of 726 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Chang Ho Fibre has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chang Ho Fibre's Graham Number compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Chang Ho Fibre ranks #346 out of 726 companies for Graham Number. This puts Chang Ho Fibre in the upper half of its industry. The industry median Graham Number is 1.05. Historically, Chang Ho Fibre's own Graham Number has ranged from 0.91 to 14.05 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 Manufacturing - Apparel & Accessories company?
The median Graham Number among Manufacturing - Apparel & Accessories companies is 1.05, based on 726 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 Chang Ho Fibre and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Graham Number is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chang Ho Fibre's current Graham Number is NT$13.21, which is 599% above median its own 10-year median of 1.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chang Ho Fibre stock overvalued right now?
Based on GuruFocus' analysis, Chang Ho Fibre (TPE:1468) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$8.16, compared to a current price of NT$13.25 — trading 62.4% above its estimated fair value. The current Graham Number is NT$13.21, which is 599% above median its 10-year median of 1.89. Chang Ho Fibre's overall GF Score™ is 51/100 with 9 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 Chang Ho Fibre (TPE:1468), the current Graham Number is NT$13.21 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 Chang Ho Fibre (TPE:1468) Overvalued in 2026?
Based on GuruFocus' analysis, Chang Ho Fibre stock appears to be overvalued.
The current stock price of NT$13.25 is trading 62.4% above its estimated GF Value™ of NT$8.16.
GuruFocus considers Chang Ho Fibre to be Significantly Overvalued.
Key valuation signals for TPE:1468:
Graham Number: NT$13.21 (599% above median its 10-year median of 1.89)
GF Value™: NT$8.16 vs. price of NT$13.25 (62.4% above fair value)
No single metric tells the full story. See the TPE:1468 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Chang Ho Fibre Corp manufactures and sells various fibers, ultra-fine and super-micro fibers, and dyed and finished fabrics. Geographically, the company generates maximum revenue from its customers in Bangladesh, followed by China, Taiwan, South Korea, Laos, and Vietnam. The company's segments include: Domestic Segment; Shaoxing Segment; and Other Divisions. The company's main products include: 10-2000 Danny; Double-shot - Four-sided shot; calico; bonding and gluing; Parachute fabric; and PET bottle recycling.
51GF Score
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