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Hibiya EngineeringTSE:1982 -5.92%74 Graham Number is 円2,813.38 as of Mar. 2026, which is 100% below its 10-year median of 0.76. GuruFocus rates TSE:1982 with a GF Score™ of 74/100 and a GF Value™ of 円2,025.62 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,194 Construction companies, Hibiya Engineering ranks better than 50.84% 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 (2026-08-09), the stock price of Hibiya Engineering is 円2811.00. Hibiya Engineering's graham number for the quarter that ended in Mar. 2026 was 円2,813.38. Therefore, Hibiya Engineering's Price to Graham Number ratio for today is 1.00.
The historical rank and industry rank for Hibiya Engineering's Graham Number or its related term are showing as below:
TSE:1982'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.57 Med: 0.76 Max: 1
Current: 1
During the past 13 years, the highest Price to Graham Number ratio of Hibiya Engineering was 1.00. The lowest was 0.57. And the median was 0.76.
TSE:1982's Price-to-Graham-Number is ranked better than 50.84% of 1194
companies
in the Construction industry
Industry Median: 1.01
vs TSE:1982: 1.00
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Hibiya Engineering (TSE:1982) 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.
Hibiya Engineering's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
2811.00
/
2,813.38
=
1.00
* 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.
Hibiya Engineering Graham Number Related Terms
Hibiya Engineering Graham Number Historical Data
* Premium members only.
The historical data trend for Hibiya Engineering'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.
TSE:1982 vs PWR, FIX, EME: Graham Number Comparison
For the Engineering & Construction subindustry, Hibiya Engineering'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.
Hibiya Engineering Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Hibiya Engineering's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Hibiya Engineering'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.
Hibiya Engineering (TSE:1982) has a Graham Number of 円2,813.38 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hibiya Engineering and its competitors. This is 370082% above median its historical median of 0.76. Over the past decade, Hibiya Engineering's Graham Number has ranged from 0.57 to 1.00. According to the industry distribution chart, Hibiya Engineering ranks #587 out of 1194 companies in the Construction industry, placing it in the top 49.2%.
Is Hibiya Engineering's Graham Number too high?
Hibiya Engineering's current Graham Number of 円2,813.38 is 370082% above median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 1.00. Based on the distribution chart, Hibiya Engineering ranks #587 out of 1194 companies in the Construction industry, which is above the industry midpoint. Overall, Hibiya Engineering has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hibiya Engineering's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, Hibiya Engineering ranks #587 out of 1194 companies for Graham Number. This puts Hibiya Engineering in the upper half of its industry. The industry median Graham Number is 1.01. Historically, Hibiya Engineering's own Graham Number has ranged from 0.57 to 1.00 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 Construction company?
The median Graham Number among Construction companies is 1.01, based on 1,194 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 Hibiya Engineering and its competitors. For the Construction industry, the median Graham Number is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hibiya Engineering's current Graham Number is 円2,813.38, which is 370082% above median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hibiya Engineering stock overvalued right now?
Based on GuruFocus' analysis, Hibiya Engineering (TSE:1982) is currently considered Significantly Overvalued. The stock's GF Value™ is 円2,025.62, compared to a current price of 円2,811.00 — trading 38.8% above its estimated fair value. The current Graham Number is 円2,813.38, which is 370082% above median its 10-year median of 0.76. Hibiya Engineering's overall GF Score™ is 74/100 with 2 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 Hibiya Engineering (TSE:1982), the current Graham Number is 円2,813.38 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 Hibiya Engineering (TSE:1982) Overvalued in 2026?
Based on GuruFocus' analysis, Hibiya Engineering stock appears to be overvalued.
The current stock price of 円2,811.00 is trading 38.8% above its estimated GF Value™ of 円2,025.62.
GuruFocus considers Hibiya Engineering to be Significantly Overvalued.
Key valuation signals for TSE:1982:
Graham Number: 円2,813.38 (370082% above median its 10-year median of 0.76)
GF Value™: 円2,025.62 vs. price of 円2,811.00 (38.8% above fair value)
No single metric tells the full story. See the TSE:1982 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hibiya Engineering Ltd is a construction company. The company's operating segment includes Construction; Equipment sales; and Equipment manufacturing. It generates maximum revenue from the Construction segment. The company activities include Installation of air conditioning equipment; Installation of electrical equipment, and information and communications equipment; Installation of plumbing facilities and other sanitary facilities; Building and public works design and construction; Manufacture and sale of construction and sanitary equipment and others.
74GF Score
Get the complete analysis for TSE:1982
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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