Hit Co (TSE:378A) Graham Number: 円845.18 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:378A Hit Co Ltd TSE:378A
22 GF Score
Price 円951.00
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What is Hit Co Graham Number?

Hit Co TSE:378A +0.63% 22 Graham Number is 円845.18 as of Mar. 2026. GuruFocus rates TSE:378A with a GF Score™ of 22/100. Among 487 Media - Diversified companies, Hit Co ranks worse than 52.36% on this metric.

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 (2026-09-07), the stock price of Hit Co is 円951.00. Hit Co's graham number for the quarter that ended in Mar. 2026 was 円845.18. Therefore, Hit Co's Price to Graham Number ratio for today is 1.20.

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

TSE:378A' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.19   Med: 1.24   Max: 1.24
Current: 1.19

During the past 4 years, the highest Price to Graham Number ratio of Hit Co was 1.24. The lowest was 1.19. And the median was 1.24.

TSE:378A's Price-to-Graham-Number is ranked worse than
52.36% of 487 companies
in the Media - Diversified industry
Industry Median: 1.15 vs TSE:378A: 1.19

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


Hit Co  (TSE:378A) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=951.00/789.26
=1.20

* 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.


Hit Co Graham Number Related Terms


Hit Co Graham Number Historical Data

* Premium members only.

The historical data trend for Hit 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.

Hit Co Graham Number Chart

Hit Co Annual Data
Trend Jun23 Jun24 Jun25 Jun26
Graham Number
440.38 595.14 670.73 794.29

Hit Co Quarterly Data
Jun23 Jun24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Graham Number Get a 7-Day Free Trial 0.00 646.15 810.17 845.18 801.84

TSE:378A vs APP, OMC, TTD: Graham Number Comparison

For the Advertising Agencies subindustry, Hit 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.


Hit Co Price-to-Graham-Number vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Hit Co's Price-to-Graham-Number distribution charts can be found below:

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


TSE:378A
22GF Score
Hit Co Ltd TSE:378A
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hit Co Graham Number Calculation

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

Hit Co's Graham Number for the fiscal year that ended in Jun. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*402.33*69.694)
=794.29

Hit Co's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*389.81*71.024)
=789.26

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of 円845.18 mean?
Hit Co (TSE:378A) has a Graham Number of 円845.18 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hit Co and its competitors. According to the industry distribution chart, Hit Co ranks #255 out of 487 companies in the Media - Diversified industry, placing it in the top 52.4%.
Is Hit Co's Graham Number too high?
Hit Co's current Graham Number is 円845.18. Based on the distribution chart, Hit Co ranks #255 out of 487 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Hit Co has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Hit Co's Graham Number compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Hit Co ranks #255 out of 487 companies for Graham Number. This places Hit Co in the lower half of its industry. The industry median Graham Number is 1.15. 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 Media - Diversified company?
The median Graham Number among Media - Diversified companies is 1.15, based on 487 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 Hit Co and its competitors. For the Media - Diversified industry, the median Graham Number is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hit Co's current Graham Number is 円845.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hit Co stock overvalued right now?
Hit Co (TSE:378A) has a current Graham Number of 円845.18. The current Graham Number is 円845.18. Hit Co's overall GF Score™ is 22/100. 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 Hit Co (TSE:378A), the current Graham Number is 円845.18 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.

Hit Co Business Description

Address 6-17-1 Ginza, Ginza 6-chome Square, 10th floor, Chuo-ku, Tokyo, JPN, 104-0061
Hit Co Ltd is an advertising company specializing in outdoor advertising. It is engaged in Business of planning and operating of outdoor advertising media, and providing general advertising services with a focus on outdoor advertising.
22GF Score

Get the complete analysis for TSE:378A

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円951.00
Price