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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.
As of today (2026-08-24), the stock price of Arbeit-Times Co is 円171.00. Arbeit-Times Co's graham number for the quarter that ended in Feb. 2026 was 円170.32. Therefore, Arbeit-Times Co's Price to Graham Number ratio for today is 0.90.
The historical rank and industry rank for Arbeit-Times Co's Graham Number or its related term are showing as below:
TSE:2341'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.8 Med: 1.1 Max: 5.13
Current: 0.9
During the past 13 years, the highest Price to Graham Number ratio of Arbeit-Times Co was 5.13. The lowest was 0.80. And the median was 1.10.
TSE:2341's Price-to-Graham-Number is ranked better than 65.24% of 489
companies
in the Media - Diversified industry
Industry Median: 1.15
vs TSE:2341: 0.90
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Arbeit-Times Co (TSE:2341) 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.
Arbeit-Times Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Feb. 2026 )
=
171.00
/
189.82
=
0.90
* 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.
Arbeit-Times Co Graham Number Related Terms
Arbeit-Times Co Graham Number Historical Data
* Premium members only.
The historical data trend for Arbeit-Times 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.
For the Publishing subindustry, Arbeit-Times 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.
Arbeit-Times Co Price-to-Graham-Number vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Arbeit-Times Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Arbeit-Times 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.
Arbeit-Times Co (TSE:2341) has a Graham Number of 円170.32 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Arbeit-Times Co and its competitors. According to the industry distribution chart, Arbeit-Times Co ranks #170 out of 489 companies in the Media - Diversified industry, placing it in the top 34.8%.
Is Arbeit-Times Co's Graham Number too high?
Arbeit-Times Co's current Graham Number is 円170.32. Based on the distribution chart, Arbeit-Times Co ranks #170 out of 489 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Arbeit-Times Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arbeit-Times Co's Graham Number compare to NYT and WLY?
According to the Media - Diversified industry distribution chart, Arbeit-Times Co ranks #170 out of 489 companies for Graham Number. This puts Arbeit-Times Co in the upper half of its industry. The industry median Graham Number is 1.15. 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 Media - Diversified company?
The median Graham Number among Media - Diversified companies is 1.15, based on 489 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 Arbeit-Times Co and its competitors. For the Media - Diversified industry, the median Graham Number is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arbeit-Times Co's current Graham Number is 円170.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arbeit-Times Co stock overvalued right now?
Based on GuruFocus' analysis, Arbeit-Times Co (TSE:2341) is currently considered Modestly Undervalued. The stock's GF Value™ is 円227.21, compared to a current price of 円171.00 — trading 24.7% below its estimated fair value. The current Graham Number is 円170.32. Arbeit-Times Co's overall GF Score™ is 67/100 with 1 warning sign 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 Arbeit-Times Co (TSE:2341), the current Graham Number is 円170.32 as of Feb. 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 Arbeit-Times Co (TSE:2341) Overvalued in 2026?
Based on GuruFocus' analysis, Arbeit-Times Co stock appears to be undervalued.
The current stock price of 円171.00 is trading 24.7% below its estimated GF Value™ of 円227.21.
GuruFocus considers Arbeit-Times Co to be Modestly Undervalued.
Key valuation signals for TSE:2341:
Graham Number: 円170.32
GF Value™: 円227.21 vs. price of 円171.00 (24.7% below fair value)
No single metric tells the full story. See the TSE:2341 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arbeit-Times Co Ltd is a Japan-based company engaged in the business of publishing magazines. The company edits and issues free job recruitment magazine under the brand name DOMO. It also provides job-related information through its online websites. In addition, it is also involved in the free paper agent intermediary and direct promotion business activities. The Group has two reportable segments: Information provision business; and Sales promotion support business.
67GF Score
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