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FISCOTSE:3807 45 Graham Number is 円4.73 as of Jun. 2026. GuruFocus rates TSE:3807 with a GF Score™ of 45/100 and a GF Value™ of 円109.37 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 519 Capital Markets companies, FISCO ranks worse than 100% 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 (2026-09-20), the stock price of FISCO is 円90.00. FISCO's graham number for the quarter that ended in Jun. 2026 was 円4.73. Therefore, FISCO's Price to Graham Number ratio for today is 19.03.
The historical rank and industry rank for FISCO's Graham Number or its related term are showing as below:
TSE:3807'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1 Med: 2.38 Max: 75.63
Current: 75.63
During the past 13 years, the highest Price to Graham Number ratio of FISCO was 75.63. The lowest was 1.00. And the median was 2.38.
TSE:3807's Price-to-Graham-Number is ranked worse than 100% of 519
companies
in the Capital Markets industry
Industry Median: 1.06
vs TSE:3807: 75.63
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
FISCO's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
90.00
/
4.73
=
19.03
* 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.
FISCO Graham Number Related Terms
FISCO Graham Number Historical Data
* Premium members only.
The historical data trend for FISCO'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:3807 vs SPGI, CME, ICE: Graham Number Comparison
For the Financial Data & Stock Exchanges subindustry, FISCO'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.
FISCO Price-to-Graham-Number vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, FISCO's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where FISCO'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.
FISCO (TSE:3807) has a Graham Number of 円4.73 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on FISCO and its competitors. According to the industry distribution chart, FISCO ranks #519 out of 519 companies in the Capital Markets industry.
Is FISCO's Graham Number too high?
FISCO's current Graham Number is 円4.73. Based on the distribution chart, FISCO ranks #519 out of 519 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, FISCO has a GF Score™ of 45/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FISCO's Graham Number compare to SPGI and CME?
According to the Capital Markets industry distribution chart, FISCO ranks #519 out of 519 companies for Graham Number. This places FISCO in the lower half of its industry. The industry median Graham Number is 1.06. 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 Capital Markets company?
The median Graham Number among Capital Markets companies is 1.06, based on 519 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 FISCO and its competitors. For the Capital Markets industry, the median Graham Number is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FISCO's current Graham Number is 円4.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FISCO stock overvalued right now?
Based on GuruFocus' analysis, FISCO (TSE:3807) is currently considered Modestly Undervalued. The stock's GF Value™ is 円109.37, compared to a current price of 円90.00 — trading 17.7% below its estimated fair value. The current Graham Number is 円4.73. FISCO's overall GF Score™ is 45/100 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 FISCO (TSE:3807), the current Graham Number is 円4.73 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 FISCO (TSE:3807) Overvalued in 2026?
Based on GuruFocus' analysis, FISCO stock appears to be undervalued.
The current stock price of 円90.00 is trading 17.7% below its estimated GF Value™ of 円109.37.
GuruFocus considers FISCO to be Modestly Undervalued.
Key valuation signals for TSE:3807:
Graham Number: 円4.73
GF Value™: 円109.37 vs. price of 円90.00 (17.7% below fair value)
No single metric tells the full story. See the TSE:3807 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FISCO Ltd is engaged in providing investment support service for asset management. The services offered by the company include market research, information and tools for individual investors, investor relation support service, and perception study. Its segments include: Information service business, providing corporate information, financial information, and cryptocurrency information for corporations and individuals; Advertising agency business involve Advertising agency business, planning, editing, production and publication of advertising publications; sales promotion items; Cryptocurrency Blockchain Business involving Cryptocurrency investment business, Blockchain business; and Other includes Investment banking business.
45GF Score
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