Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
TPE:2248'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.73 Med: 0.94 Max: 2.87
Current: 0.89
During the past 11 years, the highest Price to Graham Number ratio of Shining Victory Motor Electronic Co was 2.87. The lowest was 0.73. And the median was 0.94.
TPE:2248's Price-to-Graham-Number is ranked better than 62.88% of 986
companies
in the Vehicles & Parts industry
Industry Median: 1.17
vs TPE:2248: 0.89
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Shining Victory Motor Electronic Co (TPE:2248) 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.
Shining Victory Motor Electronic Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
59.40
/
66.85
=
0.89
* 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.
Shining Victory Motor Electronic Co Graham Number Related Terms
Shining Victory Motor Electronic 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.
Shining Victory Motor Electronic Co Graham Number Chart
For the Auto Parts subindustry, Shining Victory Motor Electronic 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.
Shining Victory Motor Electronic Co Price-to-Graham-Number vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Shining Victory Motor Electronic Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Shining Victory Motor Electronic 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.
Shining Victory Motor Electronic Co (TPE:2248) has a Graham Number of NT$66.85 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Shining Victory Motor Electronic Co and its competitors. This is 7012% above median its historical median of 0.94. Over the past decade, Shining Victory Motor Electronic Co's Graham Number has ranged from 0.73 to 2.87. According to the industry distribution chart, Shining Victory Motor Electronic Co ranks #366 out of 986 companies in the Vehicles & Parts industry, placing it in the top 37.1%.
Is Shining Victory Motor Electronic Co's Graham Number too high?
Shining Victory Motor Electronic Co's current Graham Number of NT$66.85 is 7012% above median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.73 to a high of 2.87. Based on the distribution chart, Shining Victory Motor Electronic Co ranks #366 out of 986 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Shining Victory Motor Electronic Co has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shining Victory Motor Electronic Co's Graham Number compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Shining Victory Motor Electronic Co ranks #366 out of 986 companies for Graham Number. This puts Shining Victory Motor Electronic Co in the upper half of its industry. The industry median Graham Number is 1.17. Historically, Shining Victory Motor Electronic Co's own Graham Number has ranged from 0.73 to 2.87 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 Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.17, based on 986 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 Shining Victory Motor Electronic Co and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shining Victory Motor Electronic Co's current Graham Number is NT$66.85, which is 7012% above median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shining Victory Motor Electronic Co stock overvalued right now?
Based on GuruFocus' analysis, Shining Victory Motor Electronic Co (TPE:2248) is currently considered Fairly Valued. The stock's GF Value™ is NT$56.91, compared to a current price of NT$59.40 — trading 4.4% above its estimated fair value. The current Graham Number is NT$66.85, which is 7012% above median its 10-year median of 0.94. Shining Victory Motor Electronic Co's overall GF Score™ is 86/100 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 Shining Victory Motor Electronic Co (TPE:2248), the current Graham Number is NT$66.85 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 Shining Victory Motor Electronic Co (TPE:2248) Overvalued in 2026?
Based on GuruFocus' analysis, Shining Victory Motor Electronic Co stock appears to be overvalued.
The current stock price of NT$59.40 is trading 4.4% above its estimated GF Value™ of NT$56.91.
GuruFocus considers Shining Victory Motor Electronic Co to be Fairly Valued.
Key valuation signals for TPE:2248:
Graham Number: NT$66.85 (7012% above median its 10-year median of 0.94)
GF Value™: NT$56.91 vs. price of NT$59.40 (4.4% above fair value)
No single metric tells the full story. See the TPE:2248 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Shining Victory Motor Electronic Co Ltd is engaged in the manufacturing and sale of automotive LED interior lighting, interior and exterior decoration, LED automotive lamps, and other automotive parts. The Company is also involved in the production and sales of auto and motorcycle molds, design and manufacture of jigs, assembly of automotive electronic components, production of automotive electronics components, and sales of automobile electronic components. The company mainly operates in China, Thailand, Mexico, and the United States, with China deriving maximum revenue.
86GF Score
Get the complete analysis for TPE:2248
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TPE:2248 has been successfully added to your 
