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AsmoTSE:2654 -0.46%71 Graham Number is 円634.76 as of Mar. 2026. GuruFocus rates TSE:2654 with a GF Score™ of 71/100 and a GF Value™ of 円394.29 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,390 Consumer Packaged Goods companies, Asmo ranks better than 76.19% 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 (2026-09-11), the stock price of Asmo is 円433.00. Asmo's graham number for the quarter that ended in Mar. 2026 was 円634.76. Therefore, Asmo's Price to Graham Number ratio for today is 0.68.
The historical rank and industry rank for Asmo's Graham Number or its related term are showing as below:
TSE:2654'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.56 Med: 0.95 Max: 1.27
Current: 0.68
During the past 13 years, the highest Price to Graham Number ratio of Asmo was 1.27. The lowest was 0.56. And the median was 0.95.
TSE:2654's Price-to-Graham-Number is ranked better than 76.19% of 1390
companies
in the Consumer Packaged Goods industry
Industry Median: 1.14
vs TSE:2654: 0.68
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.
Asmo's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
433.00
/
634.76
=
0.68
* 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.
Asmo Graham Number Related Terms
Asmo Graham Number Historical Data
* Premium members only.
The historical data trend for Asmo'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 Packaged Foods subindustry, Asmo'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.
Asmo Price-to-Graham-Number vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Asmo's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Asmo'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.
Asmo (TSE:2654) has a Graham Number of 円634.76 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Asmo and its competitors. According to the industry distribution chart, Asmo ranks #331 out of 1390 companies in the Consumer Packaged Goods industry, placing it in the top 23.8%.
Is Asmo's Graham Number too high?
Asmo's current Graham Number is 円634.76. Based on the distribution chart, Asmo ranks #331 out of 1390 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Asmo has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Asmo's Graham Number compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Asmo ranks #331 out of 1390 companies for Graham Number. This places Asmo in the top 24% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.14. 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 Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.14, based on 1,390 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 Asmo and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asmo's current Graham Number is 円634.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asmo stock overvalued right now?
Based on GuruFocus' analysis, Asmo (TSE:2654) is currently considered Fairly Valued. The stock's GF Value™ is 円394.29, compared to a current price of 円433.00 — trading 9.8% above its estimated fair value. The current Graham Number is 円634.76. Asmo's overall GF Score™ is 71/100 with 6 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 Asmo (TSE:2654), the current Graham Number is 円634.76 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 Asmo (TSE:2654) Overvalued in 2026?
Based on GuruFocus' analysis, Asmo stock appears to be overvalued.
The current stock price of 円433.00 is trading 9.8% above its estimated GF Value™ of 円394.29.
GuruFocus considers Asmo to be Fairly Valued.
Key valuation signals for TSE:2654:
Graham Number: 円634.76
GF Value™: 円394.29 vs. price of 円433.00 (9.8% above fair value)
No single metric tells the full story. See the TSE:2654 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asmo Corp is engaged in business activities involving the import of meat, the sale of meat and processed meat products, the provision of meals to elderly care facilities, the operation of home visit and nursing care offices, the operation of paid nursing homes, and the operation of restaurants overseas.
71GF Score
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