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Joyful Honda Co (TSE:3191) Graham Number : 円2,376.81 (As of Jun. 2024)


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What is Joyful Honda Co Graham Number?

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 (2024-10-31), the stock price of Joyful Honda Co is 円2065.00. Joyful Honda Co's graham number for the quarter that ended in Jun. 2024 was 円2,376.81. Therefore, Joyful Honda Co's Price to Graham Number ratio for today is 0.87.

The historical rank and industry rank for Joyful Honda Co's Graham Number or its related term are showing as below:

TSE:3191' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.63   Med: 0.79   Max: 1.27
Current: 0.87

During the past 12 years, the highest Price to Graham Number ratio of Joyful Honda Co was 1.27. The lowest was 0.63. And the median was 0.79.

TSE:3191's Price-to-Graham-Number is ranked better than
70.99% of 717 companies
in the Retail - Cyclical industry
Industry Median: 1.3 vs TSE:3191: 0.87

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Joyful Honda Co Graham Number Historical Data

The historical data trend for Joyful Honda 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.

* Premium members only.

Joyful Honda Co Graham Number Chart

Joyful Honda Co Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,007.21 2,151.11 2,457.74 2,315.03 2,380.65

Joyful Honda Co Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,312.33 2,308.68 2,306.36 2,323.62 2,376.81

Competitive Comparison of Joyful Honda Co's Graham Number

For the Home Improvement Retail subindustry, Joyful Honda 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.


Joyful Honda Co's Price-to-Graham-Number Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Joyful Honda Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Joyful Honda Co's Price-to-Graham-Number falls into.



Joyful Honda Co Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Joyful Honda Co's Graham Number for the fiscal year that ended in Jun. 2024 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1923.016*130.986)
=2,380.65

Joyful Honda Co's Graham Number for the quarter that ended in Jun. 2024 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*1923.016*130.564)
=2,376.81

* 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.


Joyful Honda Co  (TSE:3191) 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.

Joyful Honda Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jun. 2024 )
=2065.00/2,376.81
=0.87

* 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.


Joyful Honda Co Graham Number Related Terms

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Joyful Honda Co Business Description

Traded in Other Exchanges
N/A
Address
1-16-2 Fujisaki, Ibaraki Prefecture, Tsuchiura, JPN, 300-0813
Joyful Honda Co Ltd is engaged in the home center retail business. Its business operations are grouped into four divisions: Home Center, Garden Center, Pet Center and Exterior Center. Home Centers supplies timber, building materials, paint, tools, hardware, worker essentials, electrical fittings and other materials for home renovation projects. Garden Centers provides an extensive range of flower seedlings, vegetable seedlings, plants, mulch and other soil for horticulture, fertilizers, plant pots and other gardening supplies. Pet Center offers pet-related products, including pet food, cages, and toys. Exterior Centers provide services from sales to construction.

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