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.
The historical rank and industry rank for Synnex Technology International's Graham Number or its related term are showing as below:
TPE:2347'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.55 Med: 0.81 Max: 1.14
Current: 0.92
During the past 13 years, the highest Price to Graham Number ratio of Synnex Technology International was 1.14. The lowest was 0.55. And the median was 0.81.
TPE:2347's Price-to-Graham-Number is ranked better than 77.25% of 1648
companies
in the Hardware industry
Industry Median: 1.785
vs TPE:2347: 0.92
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Synnex Technology International (TPE:2347) 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.
Synnex Technology International's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
86.50
/
94.42
=
0.92
* 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.
Synnex Technology International Graham Number Related Terms
Synnex Technology International 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.
Synnex Technology International Graham Number Chart
TPE:2347 vs SNX, ARW, AVT: Graham Number Comparison
For the Electronics & Computer Distribution subindustry, Synnex Technology International'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.
Synnex Technology International Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, Synnex Technology International's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Synnex Technology International'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.
Synnex Technology International (TPE:2347) has a Graham Number of NT$94.42 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Synnex Technology International and its competitors. According to the industry distribution chart, Synnex Technology International ranks #375 out of 1648 companies in the Hardware industry, placing it in the top 22.8%.
Is Synnex Technology International's Graham Number too high?
Synnex Technology International's current Graham Number is NT$94.42. Based on the distribution chart, Synnex Technology International ranks #375 out of 1648 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Synnex Technology International has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Synnex Technology International's Graham Number compare to SNX and ARW?
According to the Hardware industry distribution chart, Synnex Technology International ranks #375 out of 1648 companies for Graham Number. This places Synnex Technology International in the top 23% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.79. 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 Hardware company?
The median Graham Number among Hardware companies is 1.79, based on 1,648 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 Synnex Technology International and its competitors. For the Hardware industry, the median Graham Number is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synnex Technology International's current Graham Number is NT$94.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synnex Technology International stock overvalued right now?
Based on GuruFocus' analysis, Synnex Technology International (TPE:2347) is currently considered Modestly Undervalued. The stock's GF Value™ is NT$101.23, compared to a current price of NT$86.50 — trading 14.6% below its estimated fair value. The current Graham Number is NT$94.42. Synnex Technology International's overall GF Score™ is 80/100 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 Synnex Technology International (TPE:2347), the current Graham Number is NT$94.42 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 Synnex Technology International (TPE:2347) Overvalued in 2026?
Based on GuruFocus' analysis, Synnex Technology International stock appears to be undervalued.
The current stock price of NT$86.50 is trading 14.6% below its estimated GF Value™ of NT$101.23.
GuruFocus considers Synnex Technology International to be Modestly Undervalued.
Key valuation signals for TPE:2347:
Graham Number: NT$94.42
GF Value™: NT$101.23 vs. price of NT$86.50 (14.6% below fair value)
No single metric tells the full story. See the TPE:2347 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Synnex Technology International Corp is a Taiwan-based company engaged in the sale of computers and related parts, communication products, consumer electronic products, electronic components, and semiconductor products. The majority of the company's revenue is generated from the distribution industry and is mainly engaged in the sale of 3C and semiconductor products. The company operates in Taiwan, Hong Kong, China, Australia, New Zealand, and Indonesia, of which China and Hong Kong are the key sources of revenue.
80GF Score
Get the complete analysis for TPE:2347
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:2347 has been successfully added to your 
