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EPCO CoTSE:2311 65 Graham Number is 円711.77 as of Jun. 2026. GuruFocus rates TSE:2311 with a GF Score™ of 65/100 and a GF Value™ of 円935.14 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,211 Construction companies, EPCO Co ranks worse than 53.92% 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 (2026-09-08), the stock price of EPCO Co is 円781.00. EPCO Co's graham number for the quarter that ended in Jun. 2026 was 円711.77. Therefore, EPCO Co's Price to Graham Number ratio for today is 1.10.
The historical rank and industry rank for EPCO Co's Graham Number or its related term are showing as below:
TSE:2311'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.03 Med: 1.63 Max: 3.41
Current: 1.1
During the past 13 years, the highest Price to Graham Number ratio of EPCO Co was 3.41. The lowest was 1.03. And the median was 1.63.
TSE:2311's Price-to-Graham-Number is ranked worse than 53.92% of 1211
companies
in the Construction industry
Industry Median: 1.02
vs TSE:2311: 1.10
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
EPCO Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
781.00
/
711.77
=
1.10
* 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.
EPCO Co Graham Number Related Terms
EPCO Co Graham Number Historical Data
* Premium members only.
The historical data trend for EPCO Co'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:2311 vs PWR, FIX, EME: Graham Number Comparison
For the Engineering & Construction subindustry, EPCO 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.
EPCO Co Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, EPCO Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where EPCO 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.
EPCO Co (TSE:2311) has a Graham Number of 円711.77 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on EPCO Co and its competitors. According to the industry distribution chart, EPCO Co ranks #653 out of 1211 companies in the Construction industry, placing it in the top 53.9%.
Is EPCO Co's Graham Number too high?
EPCO Co's current Graham Number is 円711.77. Based on the distribution chart, EPCO Co ranks #653 out of 1211 companies in the Construction industry, which is below the industry midpoint. Overall, EPCO Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does EPCO Co's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, EPCO Co ranks #653 out of 1211 companies for Graham Number. This places EPCO Co in the lower half of its industry. The industry median Graham Number is 1.02. 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 1.02, based on 1,211 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 EPCO Co and its competitors. For the Construction industry, the median Graham Number is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EPCO Co's current Graham Number is 円711.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EPCO Co stock overvalued right now?
Based on GuruFocus' analysis, EPCO Co (TSE:2311) is currently considered Modestly Undervalued. The stock's GF Value™ is 円935.14, compared to a current price of 円781.00 — trading 16.5% below its estimated fair value. The current Graham Number is 円711.77. EPCO Co's overall GF Score™ is 65/100 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 EPCO Co (TSE:2311), the current Graham Number is 円711.77 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 EPCO Co (TSE:2311) Overvalued in 2026?
Based on GuruFocus' analysis, EPCO Co stock appears to be undervalued.
The current stock price of 円781.00 is trading 16.5% below its estimated GF Value™ of 円935.14.
GuruFocus considers EPCO Co to be Modestly Undervalued.
Key valuation signals for TSE:2311:
Graham Number: 円711.77
GF Value™: 円935.14 vs. price of 円781.00 (16.5% below fair value)
No single metric tells the full story. See the TSE:2311 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EPCO Co Ltd is a design consulting company. Its core business activity is to provide design services and architectural design services. The company offers design services for residential areas in general, including the design of solar light and storage batteries, support for the net, zero, energy and house applications. In addition, it also provides water supply and drainage facility design and electrical facility design essential for housing.
65GF Score
Get the complete analysis for TSE:2311
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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