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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 (2026-09-04), the stock price of A D Works Group Co is 円433.00. A D Works Group Co's graham number for the quarter that ended in Jun. 2026 was 円662.23. Therefore, A D Works Group Co's Price to Graham Number ratio for today is 0.55.
The historical rank and industry rank for A D Works Group Co's Graham Number or its related term are showing as below:
TSE:2982'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.42 Med: 0.54 Max: 0.86
Current: 0.65
During the past 5 years, the highest Price to Graham Number ratio of A D Works Group Co was 0.86. The lowest was 0.42. And the median was 0.54.
TSE:2982's Price-to-Graham-Number is ranked better than 58.25% of 1152
companies
in the Real Estate industry
Industry Median: 0.73
vs TSE:2982: 0.65
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
A D Works Group Co (TSE:2982) 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.
A D Works Group Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
433.00
/
784.14
=
0.55
* 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.
A D Works Group Co Graham Number Related Terms
A D Works Group Co Graham Number Historical Data
* Premium members only.
The historical data trend for A D Works Group 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:2982 vs CBRE, BEKE, JLL: Graham Number Comparison
For the Real Estate Services subindustry, A D Works Group 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.
A D Works Group Co Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, A D Works Group Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where A D Works Group 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.
A D Works Group Co (TSE:2982) has a Graham Number of 円662.23 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on A D Works Group Co and its competitors. According to the industry distribution chart, A D Works Group Co ranks #481 out of 1152 companies in the Real Estate industry, placing it in the top 41.8%.
Is A D Works Group Co's Graham Number too high?
A D Works Group Co's current Graham Number is 円662.23. Based on the distribution chart, A D Works Group Co ranks #481 out of 1152 companies in the Real Estate industry, which is above the industry midpoint. Overall, A D Works Group Co has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does A D Works Group Co's Graham Number compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, A D Works Group Co ranks #481 out of 1152 companies for Graham Number. This puts A D Works Group Co in the upper half of its industry. The industry median Graham Number is 0.73. 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.73, based on 1,152 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 A D Works Group Co and its competitors. For the Real Estate industry, the median Graham Number is 0.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A D Works Group Co's current Graham Number is 円662.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A D Works Group Co stock overvalued right now?
Based on GuruFocus' analysis, A D Works Group Co (TSE:2982) is currently considered Significantly Overvalued. The stock's GF Value™ is 円289.25, compared to a current price of 円433.00 — trading 49.7% above its estimated fair value. The current Graham Number is 円662.23. A D Works Group Co's overall GF Score™ is 37/100 with 4 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 A D Works Group Co (TSE:2982), the current Graham Number is 円662.23 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 A D Works Group Co (TSE:2982) Overvalued in 2026?
Based on GuruFocus' analysis, A D Works Group Co stock appears to be overvalued.
The current stock price of 円433.00 is trading 49.7% above its estimated GF Value™ of 円289.25.
GuruFocus considers A D Works Group Co to be Significantly Overvalued.
Key valuation signals for TSE:2982:
Graham Number: 円662.23
GF Value™: 円289.25 vs. price of 円433.00 (49.7% above fair value)
No single metric tells the full story. See the TSE:2982 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A D Works Group Co Ltd specializes in providing real estate investment and management solutions to high net-worth individuals. The company provides long-term investment support through not only the renovation and sales of income properties, but also through a variety of one-stop consultation services, including post-sale property management and repair, real estate appraisal, and inheritance tax measures. Its services include real estate leasing and sales, property management, real estate consulting, renovation and repairs, and real estate tech.
37GF Score
Get the complete analysis for TSE:2982
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