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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.
Everlight Electronics Co (TPE:2393) 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.
Everlight Electronics Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
64.10
/
66.70
=
0.96
* 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.
Everlight Electronics Co Graham Number Related Terms
Everlight Electronics 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:2393 vs APH, GLW, TEL: Graham Number Comparison
For the Electronic Components subindustry, Everlight Electronics 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.
Everlight Electronics Co Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, Everlight Electronics Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Everlight Electronics 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.
Everlight Electronics Co (TPE:2393) has a Graham Number of NT$66.70 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Everlight Electronics Co and its competitors. This is 7480% above median its historical median of 0.88. Over the past decade, Everlight Electronics Co's Graham Number has ranged from 0.56 to 1.18. According to the industry distribution chart, Everlight Electronics Co ranks #387 out of 1640 companies in the Hardware industry, placing it in the top 23.6%.
Is Everlight Electronics Co's Graham Number too high?
Everlight Electronics Co's current Graham Number of NT$66.70 is 7480% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.18. Based on the distribution chart, Everlight Electronics Co ranks #387 out of 1640 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Everlight Electronics Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Everlight Electronics Co's Graham Number compare to APH and GLW?
According to the Hardware industry distribution chart, Everlight Electronics Co ranks #387 out of 1640 companies for Graham Number. This places Everlight Electronics Co in the top 24% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.87. Historically, Everlight Electronics Co's own Graham Number has ranged from 0.56 to 1.18 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 Hardware company?
The median Graham Number among Hardware companies is 1.87, based on 1,640 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 Everlight Electronics Co and its competitors. For the Hardware industry, the median Graham Number is 1.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Everlight Electronics Co's current Graham Number is NT$66.70, which is 7480% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Everlight Electronics Co stock overvalued right now?
Based on GuruFocus' analysis, Everlight Electronics Co (TPE:2393) is currently considered Fairly Valued. The stock's GF Value™ is NT$67.11, compared to a current price of NT$64.10 — trading 4.5% below its estimated fair value. The current Graham Number is NT$66.70, which is 7480% above median its 10-year median of 0.88. Everlight Electronics Co's overall GF Score™ is 75/100 with 3 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 Everlight Electronics Co (TPE:2393), the current Graham Number is NT$66.70 as of Mar. 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 Everlight Electronics Co (TPE:2393) Overvalued in 2026?
Based on GuruFocus' analysis, Everlight Electronics Co stock appears to be undervalued.
The current stock price of NT$64.10 is trading 4.5% below its estimated GF Value™ of NT$67.11.
GuruFocus considers Everlight Electronics Co to be Fairly Valued.
Key valuation signals for TPE:2393:
Graham Number: NT$66.70 (7480% above median its 10-year median of 0.88)
GF Value™: NT$67.11 vs. price of NT$64.10 (4.5% below fair value)
No single metric tells the full story. See the TPE:2393 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Everlight Electronics Co Ltd is engaged in the manufacture and sale of LEDs and optoelectronic products. Its products include visible LED, infrared products, sensors, optocouplers, and power semiconductors. The Group operates through LED, LCD, and illumination segments. The LED segment engages in the manufacture and sale of LEDs, while the LCD segment, which generates maximum revenue, engages in the manufacture and sale of LCDs and LCD modules. The illumination segment engages in the manufacture and sale of lighting products. Other operating segments mainly engage in the sale of raw materials for electronic products, masks, and electrophoretic displays. The company generates maximum revenue from Asia.
75GF Score
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