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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 (2026-09-03), the stock price of LaSalle LOGIPORT REIT is 円144800.00. LaSalle LOGIPORT REIT's graham number for the quarter that ended in Feb. 2026 was 円137,411.89. Therefore, LaSalle LOGIPORT REIT's Price to Graham Number ratio for today is 1.05.
The historical rank and industry rank for LaSalle LOGIPORT REIT's Graham Number or its related term are showing as below:
TSE:3466'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1 Med: 1.2 Max: 1.52
Current: 1.05
During the past 9 years, the highest Price to Graham Number ratio of LaSalle LOGIPORT REIT was 1.52. The lowest was 1.00. And the median was 1.20.
TSE:3466's Price-to-Graham-Number is ranked worse than 72.89% of 723
companies
in the REITs industry
Industry Median: 0.72
vs TSE:3466: 1.05
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
LaSalle LOGIPORT REIT (TSE:3466) 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.
LaSalle LOGIPORT REIT's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Feb. 2026 )
=
144800.00
/
137,411.89
=
1.05
* 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.
LaSalle LOGIPORT REIT Graham Number Related Terms
LaSalle LOGIPORT REIT Graham Number Historical Data
* Premium members only.
The historical data trend for LaSalle LOGIPORT REIT'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:3466 vs PLD, PSA, EXR: Graham Number Comparison
For the REIT - Industrial subindustry, LaSalle LOGIPORT REIT'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.
LaSalle LOGIPORT REIT Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, LaSalle LOGIPORT REIT's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where LaSalle LOGIPORT REIT'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.
LaSalle LOGIPORT REIT (TSE:3466) has a Graham Number of 円137,411.89 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on LaSalle LOGIPORT REIT and its competitors. According to the industry distribution chart, LaSalle LOGIPORT REIT ranks #527 out of 723 companies in the REITs industry, placing it in the top 72.9%.
Is LaSalle LOGIPORT REIT's Graham Number too high?
LaSalle LOGIPORT REIT's current Graham Number is 円137,411.89. Based on the distribution chart, LaSalle LOGIPORT REIT ranks #527 out of 723 companies in the REITs industry, which is below the industry midpoint. Overall, LaSalle LOGIPORT REIT has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LaSalle LOGIPORT REIT's Graham Number compare to PLD and PSA?
According to the REITs industry distribution chart, LaSalle LOGIPORT REIT ranks #527 out of 723 companies for Graham Number. This places LaSalle LOGIPORT REIT in the lower half of its industry. The industry median Graham Number is 0.72. 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 REITs company?
The median Graham Number among REITs companies is 0.72, based on 723 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 LaSalle LOGIPORT REIT and its competitors. For the REITs industry, the median Graham Number is 0.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LaSalle LOGIPORT REIT's current Graham Number is 円137,411.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LaSalle LOGIPORT REIT stock overvalued right now?
Based on GuruFocus' analysis, LaSalle LOGIPORT REIT (TSE:3466) is currently considered Modestly Undervalued. The stock's GF Value™ is 円160,666.89, compared to a current price of 円144,800.00 — trading 9.9% below its estimated fair value. The current Graham Number is 円137,411.89. LaSalle LOGIPORT REIT's overall GF Score™ is 75/100 with 5 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 LaSalle LOGIPORT REIT (TSE:3466), the current Graham Number is 円137,411.89 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 LaSalle LOGIPORT REIT (TSE:3466) Overvalued in 2026?
Based on GuruFocus' analysis, LaSalle LOGIPORT REIT stock appears to be undervalued.
The current stock price of 円144,800.00 is trading 9.9% below its estimated GF Value™ of 円160,666.89.
GuruFocus considers LaSalle LOGIPORT REIT to be Modestly Undervalued.
Key valuation signals for TSE:3466:
Graham Number: 円137,411.89
GF Value™: 円160,666.89 vs. price of 円144,800.00 (9.9% below fair value)
No single metric tells the full story. See the TSE:3466 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LaSalle LOGIPORT REIT is a Japan-based real estate investment trust. The company intends to invest in facilities that cater to its tenant's needs for integrated and efficient logistics operations. The majority of firm's assets are located in Tokyo area. The firm focuses on investments in prime logistics within the Tokyo and Osaka area. Its growth strategy is backed by the sponsor group's support.
75GF Score
Get the complete analysis for TSE:3466
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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