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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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 (2026-08-21), the stock price of Wealth Management is 円1082.00. Wealth Management's graham number for the quarter that ended in Mar. 2026 was 円N/A. Therefore, Wealth Management's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Wealth Management's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of Wealth Management was 1.18. The lowest was 0.31. And the median was 0.71.
TSE:3772's Price-to-Graham-Number is not ranked *
in the Real Estate industry.
Industry Median: 0.74 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Wealth Management (TSE:3772) 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.
Wealth Management's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1082.00
/
N/A
=
N/A
* 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.
Wealth Management Graham Number Related Terms
Wealth Management Graham Number Historical Data
* Premium members only.
The historical data trend for Wealth Management'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.
Wealth Management Graham Number Competitor Comparison
For the Real Estate - Diversified subindustry, Wealth Management'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.
Wealth Management Price-to-Graham-Number vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Wealth Management's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Wealth Management'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.
Wealth Management (TSE:3772) has a Graham Number of 円N/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Wealth Management and its competitors. Over the past decade, Wealth Management's Graham Number has ranged from 0.31 to 1.18. According to the industry distribution chart, Wealth Management ranks #999999 out of 1171 companies in the Real Estate industry.
Is Wealth Management's Graham Number too high?
Wealth Management's current Graham Number is 円N/A. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.18. Based on the distribution chart, Wealth Management ranks #999999 out of 1171 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Wealth Management has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wealth Management's Graham Number compare to competitors?
According to the Real Estate industry distribution chart, Wealth Management ranks #999999 out of 1171 companies for Graham Number. This places Wealth Management in the lower half of its industry. The industry median Graham Number is 0.74. Historically, Wealth Management's own Graham Number has ranged from 0.31 to 1.18 over the past decade. 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 0.74, based on 1,171 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 Wealth Management and its competitors. For the Real Estate industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wealth Management's current Graham Number is 円N/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wealth Management stock overvalued right now?
Based on GuruFocus' analysis, Wealth Management (TSE:3772) is currently considered Modestly Overvalued. The stock's GF Value™ is 円845.06, compared to a current price of 円1,082.00 — trading 28% above its estimated fair value. The current Graham Number is 円N/A. Wealth Management's overall GF Score™ is 58/100 with 9 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 Wealth Management (TSE:3772), the current Graham Number is 円N/A 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 Wealth Management (TSE:3772) Overvalued in 2026?
Based on GuruFocus' analysis, Wealth Management stock appears to be overvalued.
The current stock price of 円1,082.00 is trading 28% above its estimated GF Value™ of 円845.06.
GuruFocus considers Wealth Management to be Modestly Overvalued.
Key valuation signals for TSE:3772:
Graham Number: 円N/A
GF Value™: 円845.06 vs. price of 円1,082.00 (28% above fair value)
No single metric tells the full story. See the TSE:3772 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wealth Management Inc, along with its subsidiaries, operates in the following reportable segments: Asset management business, Real Estate business, and Hotel operation business. The majority of its revenue is generated from the Real Estate business, which is engaged in the acquisition, development, ownership, sale, and rental (master lease), etc., of real estate. The Asset management business is engaged in the operation and management of real estate and also provides investment advice on the acquisition, sale, and management of real estate. The Hotel operation business provides various services related to hotel operation, such as revenue management, on-site management of hotels, and consulting on hotel opening and operation.
58GF Score
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