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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.
The historical rank and industry rank for Wei Chih Steel Industrial Co's Graham Number or its related term are showing as below:
TPE:2028'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.5 Med: 1.05 Max: 2.84
Current: 1.3
During the past 13 years, the highest Price to Graham Number ratio of Wei Chih Steel Industrial Co was 2.84. The lowest was 0.50. And the median was 1.05.
TPE:2028's Price-to-Graham-Number is ranked worse than 71.13% of 426
companies
in the Steel industry
Industry Median: 0.975
vs TPE:2028: 1.30
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Wei Chih Steel Industrial Co (TPE:2028) 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.
Wei Chih Steel Industrial Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
15.55
/
11.97
=
1.30
* 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.
Wei Chih Steel Industrial Co Graham Number Related Terms
Wei Chih Steel Industrial 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.
TPE:2028 vs NUE, STLD, RS: Graham Number Comparison
For the Steel subindustry, Wei Chih Steel Industrial 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.
Wei Chih Steel Industrial Co Price-to-Graham-Number vs Steel Industry
For the Steel industry and Basic Materials sector, Wei Chih Steel Industrial Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Wei Chih Steel Industrial 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.
Wei Chih Steel Industrial Co (TPE:2028) has a Graham Number of NT$11.97 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Wei Chih Steel Industrial Co and its competitors. This is 1040% above median its historical median of 1.05. Over the past decade, Wei Chih Steel Industrial Co's Graham Number has ranged from 0.50 to 2.84. According to the industry distribution chart, Wei Chih Steel Industrial Co ranks #303 out of 426 companies in the Steel industry, placing it in the top 71.1%.
Is Wei Chih Steel Industrial Co's Graham Number too high?
Wei Chih Steel Industrial Co's current Graham Number of NT$11.97 is 1040% above median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 2.84. Based on the distribution chart, Wei Chih Steel Industrial Co ranks #303 out of 426 companies in the Steel industry, which is below the industry midpoint. Overall, Wei Chih Steel Industrial Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Wei Chih Steel Industrial Co's Graham Number compare to NUE and STLD?
According to the Steel industry distribution chart, Wei Chih Steel Industrial Co ranks #303 out of 426 companies for Graham Number. This places Wei Chih Steel Industrial Co in the lower half of its industry. The industry median Graham Number is 0.98. Historically, Wei Chih Steel Industrial Co's own Graham Number has ranged from 0.50 to 2.84 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 Steel company?
The median Graham Number among Steel companies is 0.98, based on 426 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 Wei Chih Steel Industrial Co and its competitors. For the Steel industry, the median Graham Number is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wei Chih Steel Industrial Co's current Graham Number is NT$11.97, which is 1040% above median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wei Chih Steel Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Wei Chih Steel Industrial Co (TPE:2028) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$17.90, compared to a current price of NT$15.55 — trading 13.1% below its estimated fair value. The current Graham Number is NT$11.97, which is 1040% above median its 10-year median of 1.05. Wei Chih Steel Industrial Co's overall GF Score™ is 71/100 with 6 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 Wei Chih Steel Industrial Co (TPE:2028), the current Graham Number is NT$11.97 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 Wei Chih Steel Industrial Co (TPE:2028) Overvalued in 2026?
Based on GuruFocus' analysis, Wei Chih Steel Industrial Co stock appears to be undervalued.
The current stock price of NT$15.55 is trading 13.1% below its estimated GF Value™ of NT$17.90.
GuruFocus considers Wei Chih Steel Industrial Co to be Modestly Undervalued.
Key valuation signals for TPE:2028:
Graham Number: NT$11.97 (1040% above median its 10-year median of 1.05)
GF Value™: NT$17.90 vs. price of NT$15.55 (13.1% below fair value)
No single metric tells the full story. See the TPE:2028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wei Chih Steel Industrial Co Ltd main business items of the Company are processing, manufacturing, trading and importing /exporting of steel rebars, bar steels, wire rods, steel billets and other steel products. The Company also rents and sales of public housing units and commercial building constructed by construction engineering firms entrusted by the Company. The Company operates single industry only, mainly for the steel processing and manufacturing of steel rebar, bar steels, billes steel, and wire rods. The company has presence in Taiwan and Australia. The company generates majority of revenue from Taiwan. The company's products are Rebars, Billets, Straight round bar (RB), Bar-in-Coils (BIC).
71GF Score
Get the complete analysis for TPE:2028
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