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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 Microprogram Information Co's Graham Number or its related term are showing as below:
TPE:7721'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.9 Med: 2.92 Max: 4.14
Current: 2.69
During the past 6 years, the highest Price to Graham Number ratio of Microprogram Information Co was 4.14. The lowest was 1.90. And the median was 2.92.
TPE:7721's Price-to-Graham-Number is ranked worse than 65.21% of 1469
companies
in the Software industry
Industry Median: 1.88
vs TPE:7721: 2.69
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Microprogram Information Co (TPE:7721) 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.
Microprogram Information Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
60.30
/
22.44
=
2.69
* 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.
Microprogram Information Co Graham Number Related Terms
Microprogram Information 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:7721 vs MSFT, PLTR, ORCL: Graham Number Comparison
For the Software - Infrastructure subindustry, Microprogram Information 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.
Microprogram Information Co Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Microprogram Information Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Microprogram Information 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.
Microprogram Information Co (TPE:7721) has a Graham Number of NT$22.44 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Microprogram Information Co and its competitors. According to the industry distribution chart, Microprogram Information Co ranks #958 out of 1469 companies in the Software industry, placing it in the top 65.2%.
Is Microprogram Information Co's Graham Number too high?
Microprogram Information Co's current Graham Number is NT$22.44. Based on the distribution chart, Microprogram Information Co ranks #958 out of 1469 companies in the Software industry, which is below the industry midpoint. Overall, Microprogram Information Co has a GF Score™ of 45/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Microprogram Information Co's Graham Number compare to MSFT and PLTR?
According to the Software industry distribution chart, Microprogram Information Co ranks #958 out of 1469 companies for Graham Number. This places Microprogram Information Co in the lower half of its industry. The industry median Graham Number is 1.88. 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 Software company?
The median Graham Number among Software companies is 1.88, based on 1,469 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 Microprogram Information Co and its competitors. For the Software industry, the median Graham Number is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Microprogram Information Co's current Graham Number is NT$22.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Microprogram Information Co stock overvalued right now?
Based on GuruFocus' analysis, Microprogram Information Co (TPE:7721) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$53.89, compared to a current price of NT$60.30 — trading 11.9% above its estimated fair value. The current Graham Number is NT$22.44. Microprogram Information Co's overall GF Score™ is 45/100 with 4 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 Microprogram Information Co (TPE:7721), the current Graham Number is NT$22.44 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 Microprogram Information Co (TPE:7721) Overvalued in 2026?
Based on GuruFocus' analysis, Microprogram Information Co stock appears to be overvalued.
The current stock price of NT$60.30 is trading 11.9% above its estimated GF Value™ of NT$53.89.
GuruFocus considers Microprogram Information Co to be Modestly Overvalued.
Key valuation signals for TPE:7721:
Graham Number: NT$22.44
GF Value™: NT$53.89 vs. price of NT$60.30 (11.9% above fair value)
No single metric tells the full story. See the TPE:7721 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Microprogram Information Co is a company that provides industrial IoT technology services and is committed to helping its clients a sustainable life. It focuses on the three areas of electronic payment, wireless sensing, and cloud data. Through user research, vertical integration of software and hardware technologies, terminal sensor devices, mobile apps, cloud service platforms, and core technologies of big data analysis, assist transportation and finance, retail, manufacturing, bicycle, and other industries to innovate and upgrade. The company assists with the definition of requirements, concept creation, product development, and service optimization, using the advantages of software and hardware integration technology.
45GF Score
Get the complete analysis for TPE:7721
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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