Goldkey Technology (TPE:3135) Graham Number: NT$173.32 (As of Jun. 2026) — 15514% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TPE:3135 Goldkey Technology Corp TPE:3135
45 GF Score
Price NT$153.00
! 5 Warning Signs
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What is Goldkey Technology Graham Number?

Goldkey Technology TPE:3135 -2.86% 45 Graham Number is NT$173.32 as of Jun. 2026, which is 100% below its 10-year median of 1.11. GuruFocus rates TPE:3135 with a GF Score™ of 45/100. The stock has 5 warning signs investors should review. Among 674 Semiconductors companies, Goldkey Technology ranks better than 88.72% on this metric.

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.

As of today (2026-08-19), the stock price of Goldkey Technology is NT$153.00. Goldkey Technology's graham number for the quarter that ended in Jun. 2026 was NT$173.32. Therefore, Goldkey Technology's Price to Graham Number ratio for today is 0.88.

The historical rank and industry rank for Goldkey Technology's Graham Number or its related term are showing as below:

TPE:3135' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.81   Med: 1.11   Max: 1.91
Current: 0.88

During the past 7 years, the highest Price to Graham Number ratio of Goldkey Technology was 1.91. The lowest was 0.81. And the median was 1.11.

TPE:3135's Price-to-Graham-Number is ranked better than
88.72% of 674 companies
in the Semiconductors industry
Industry Median: 2.68 vs TPE:3135: 0.88

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Goldkey Technology  (TPE:3135) 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.

Goldkey Technology's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2026 )
=153.00/173.32
=0.88

* 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.


Goldkey Technology Graham Number Related Terms


Goldkey Technology Graham Number Historical Data

* Premium members only.

The historical data trend for Goldkey Technology's Graham Number can be seen below:

* 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.

Goldkey Technology Graham Number Chart

Goldkey Technology Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 39.43 10.62 22.90 32.27 61.52

Goldkey Technology Quarterly Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.58 30.78 61.09 125.67 173.32

TPE:3135 vs NVDA, AVGO, MU: Graham Number Comparison

For the Semiconductors subindustry, Goldkey Technology'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.


Goldkey Technology Price-to-Graham-Number vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Goldkey Technology's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Goldkey Technology's Price-to-Graham-Number falls into.


TPE:3135
45GF Score
Goldkey Technology Corp TPE:3135
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Goldkey Technology Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Goldkey Technology's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*27.487*6.119)
=61.52

Goldkey Technology's Graham Number for the quarter that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*51.742*25.803)
=173.32

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of NT$173.32 mean?
Goldkey Technology (TPE:3135) has a Graham Number of NT$173.32 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Goldkey Technology and its competitors. This is 15514% above median its historical median of 1.11. Over the past decade, Goldkey Technology's Graham Number has ranged from 0.81 to 1.91. According to the industry distribution chart, Goldkey Technology ranks #76 out of 674 companies in the Semiconductors industry, placing it in the top 11.3%.
Is Goldkey Technology's Graham Number too high?
Goldkey Technology's current Graham Number of NT$173.32 is 15514% above median its 10-year median of 1.11. Over the past 10 years, this metric has ranged from a low of 0.81 to a high of 1.91. Based on the distribution chart, Goldkey Technology ranks #76 out of 674 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Goldkey Technology has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Goldkey Technology's Graham Number compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Goldkey Technology ranks #76 out of 674 companies for Graham Number. This places Goldkey Technology in the top 11% of its industry — outperforming the majority of peers. The industry median Graham Number is 2.68. Historically, Goldkey Technology's own Graham Number has ranged from 0.81 to 1.91 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 Semiconductors company?
The median Graham Number among Semiconductors companies is 2.68, based on 674 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 Goldkey Technology and its competitors. For the Semiconductors industry, the median Graham Number is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Goldkey Technology's current Graham Number is NT$173.32, which is 15514% above median its own 10-year median of 1.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Goldkey Technology stock overvalued right now?
Goldkey Technology (TPE:3135) has a current Graham Number of NT$173.32. The current Graham Number is NT$173.32, which is 15514% above median its 10-year median of 1.11. Goldkey Technology's overall GF Score™ is 45/100 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 Goldkey Technology (TPE:3135), the current Graham Number is NT$173.32 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.

Goldkey Technology Business Description

Address No. 101, Zhongyuan Street, 10 Floor, Zhonghe District, New Taipei City, TWN, 235
Goldkey Technology Corp mainly engaged in the research, design, manufacturing and sales of IC cards, card reader chipsets and related integrated circuits. The company's products and services includes Dynamic Random-Access Memory (DRAM) products, Flash memory products, and Miscellaneous components. Its solutions are Data Centre, Desktop/Notebook, Embedded Storage Product. The company has only One reportable segment. The company has presence in Taiwan, USA, China (including Hong Kong), and Other. The company generates majority of revenue from Taiwan.
45GF Score

Get the complete analysis for TPE:3135

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$153.00
Price