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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 (2026-08-29), the stock price of Kura Sushi is 円1771.00. Kura Sushi's graham number for the quarter that ended in Apr. 2026 was 円1,071.00. Therefore, Kura Sushi's Price to Graham Number ratio for today is 1.65.
The historical rank and industry rank for Kura Sushi's Graham Number or its related term are showing as below:
TSE:2695'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.44 Med: 2.01 Max: 10.25
Current: 1.65
During the past 13 years, the highest Price to Graham Number ratio of Kura Sushi was 10.25. The lowest was 1.44. And the median was 2.01.
TSE:2695's Price-to-Graham-Number is ranked better than 52.88% of 208
companies
in the Restaurants industry
Industry Median: 1.675
vs TSE:2695: 1.65
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.
Kura Sushi's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
1771.00
/
1,071.00
=
1.65
* 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.
Kura Sushi Graham Number Related Terms
Kura Sushi Graham Number Historical Data
* Premium members only.
The historical data trend for Kura Sushi'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:2695 vs MCD, SBUX, YUM: Graham Number Comparison
For the Restaurants subindustry, Kura Sushi'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.
Kura Sushi Price-to-Graham-Number vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Kura Sushi's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Kura Sushi'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.
Kura Sushi (TSE:2695) has a Graham Number of 円1,071.00 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kura Sushi and its competitors. According to the industry distribution chart, Kura Sushi ranks #98 out of 208 companies in the Restaurants industry, placing it in the top 47.1%.
Is Kura Sushi's Graham Number too high?
Kura Sushi's current Graham Number is 円1,071.00. Based on the distribution chart, Kura Sushi ranks #98 out of 208 companies in the Restaurants industry, which is above the industry midpoint. Overall, Kura Sushi has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kura Sushi's Graham Number compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Kura Sushi ranks #98 out of 208 companies for Graham Number. This puts Kura Sushi in the upper half of its industry. The industry median Graham Number is 1.68. 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 Restaurants company?
The median Graham Number among Restaurants companies is 1.68, based on 208 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 Kura Sushi and its competitors. For the Restaurants industry, the median Graham Number is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kura Sushi's current Graham Number is 円1,071.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kura Sushi stock overvalued right now?
Based on GuruFocus' analysis, Kura Sushi (TSE:2695) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,049.10, compared to a current price of 円1,771.00 — trading 13.6% below its estimated fair value. The current Graham Number is 円1,071.00. Kura Sushi's overall GF Score™ is 83/100. 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 Kura Sushi (TSE:2695), the current Graham Number is 円1,071.00 as of Apr. 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 Kura Sushi (TSE:2695) Overvalued in 2026?
Based on GuruFocus' analysis, Kura Sushi stock appears to be undervalued.
The current stock price of 円1,771.00 is trading 13.6% below its estimated GF Value™ of 円2,049.10.
GuruFocus considers Kura Sushi to be Modestly Undervalued.
Key valuation signals for TSE:2695:
Graham Number: 円1,071.00
GF Value™: 円2,049.10 vs. price of 円1,771.00 (13.6% below fair value)
No single metric tells the full story. See the TSE:2695 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kura Sushi Inc operates a chain of close to 400 sushi restaurants in Japan. Kura's restaurants pledge to serve natural, organic, additive-free food that is devoid of chemical seasonings and artificial sweeteners, colorings, and preservatives. They operate as revolving sushi restaurants using the conveyor belt method to serve customers, which keeps staff requirements low. The method entails customers choosing and grabbing their sushi preferences as the options rotate in front of them on a conveyor belt.
83GF Score
Get the complete analysis for TSE:2695
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