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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.
During the past 13 years, the highest Price to Graham Number ratio of Hotron Precision Electronic Industrial Co was 17.75. The lowest was 0.69. And the median was 0.98.
TPE:3092's Price-to-Graham-Number is not ranked *
in the Industrial Products industry.
Industry Median: 1.81 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Hotron Precision Electronic Industrial Co (TPE:3092) 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.
Hotron Precision Electronic Industrial Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
23.95
/
N/A
=
N/A
* 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.
Hotron Precision Electronic Industrial Co Graham Number Related Terms
Hotron Precision Electronic 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.
Hotron Precision Electronic Industrial Co Graham Number Chart
Hotron Precision Electronic Industrial Co Annual Data
For the Electrical Equipment & Parts subindustry, Hotron Precision Electronic 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.
Hotron Precision Electronic Industrial Co Price-to-Graham-Number vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Hotron Precision Electronic Industrial Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Hotron Precision Electronic 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.
Hotron Precision Electronic Industrial Co (TPE:3092) has a Graham Number of NT$N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hotron Precision Electronic Industrial Co and its competitors. Over the past decade, Hotron Precision Electronic Industrial Co's Graham Number has ranged from 0.69 to 17.75. According to the industry distribution chart, Hotron Precision Electronic Industrial Co ranks #999999 out of 2214 companies in the Industrial Products industry.
Is Hotron Precision Electronic Industrial Co's Graham Number too high?
Hotron Precision Electronic Industrial Co's current Graham Number is NT$N/A. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 17.75. Based on the distribution chart, Hotron Precision Electronic Industrial Co ranks #999999 out of 2214 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Hotron Precision Electronic Industrial Co has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hotron Precision Electronic Industrial Co's Graham Number compare to VRT and BE?
According to the Industrial Products industry distribution chart, Hotron Precision Electronic Industrial Co ranks #999999 out of 2214 companies for Graham Number. This places Hotron Precision Electronic Industrial Co in the lower half of its industry. The industry median Graham Number is 1.81. Historically, Hotron Precision Electronic Industrial Co's own Graham Number has ranged from 0.69 to 17.75 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 an Industrial Products company?
The median Graham Number among Industrial Products companies is 1.81, based on 2,214 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 Hotron Precision Electronic Industrial Co and its competitors. For the Industrial Products industry, the median Graham Number is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hotron Precision Electronic Industrial Co's current Graham Number is NT$N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hotron Precision Electronic Industrial Co stock overvalued right now?
Based on GuruFocus' analysis, Hotron Precision Electronic Industrial Co (TPE:3092) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$21.22, compared to a current price of NT$23.95 — trading 12.9% above its estimated fair value. The current Graham Number is NT$N/A. Hotron Precision Electronic Industrial Co's overall GF Score™ is 48/100 with 7 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 Hotron Precision Electronic Industrial Co (TPE:3092), the current Graham Number is NT$N/A 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 Hotron Precision Electronic Industrial Co (TPE:3092) Overvalued in 2026?
Based on GuruFocus' analysis, Hotron Precision Electronic Industrial Co stock appears to be overvalued.
The current stock price of NT$23.95 is trading 12.9% above its estimated GF Value™ of NT$21.22.
GuruFocus considers Hotron Precision Electronic Industrial Co to be Modestly Overvalued.
Key valuation signals for TPE:3092:
Graham Number: NT$N/A
GF Value™: NT$21.22 vs. price of NT$23.95 (12.9% above fair value)
No single metric tells the full story. See the TPE:3092 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hotron Precision Electronic Industrial Co Ltd is engaged in the manufacture, and sale of cables and wires of various 3C products and signal cables. The products of the company include Electric Car Charging Cables, Solar wires, Various Wires & Cables, Other wires, Electric Wire & Cable, Copper, PVC, Tooling for Metal press / Plastic injection, Products Of Metal Pressed Work, Composite Mylar Al. foil, and Connector. The products of the company are used by telecommunication, IT, power, auto industry, and medical appliances sector. The Group has three reportable divisions: Division A is located in Taiwan; Division B is located in China; Division C is located in other Asian regions. It derives maximum revenue from China.
48GF Score
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