Creema (TSE:4017) Graham Number: 円118.96 (As of Feb. 2026) — 5848% Above Median

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:4017 Creema Ltd TSE:4017
55 GF Score
Price 円207.00
GF Value 円336.09
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Creema Graham Number?

Creema TSE:4017 -0.96% 55 Graham Number is 円118.96 as of Feb. 2026, which is 100% below its 10-year median of 2.00. GuruFocus rates TSE:4017 with a GF Score™ of 55/100 and a GF Value™ of 円336.09 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 765 Retail - Cyclical companies, Creema ranks worse than 62.22% 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 (2026-08-21), the stock price of Creema is 円207.00. Creema's graham number for the quarter that ended in Feb. 2026 was 円118.96. Therefore, Creema's Price to Graham Number ratio for today is 1.60.

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

TSE:4017' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.16   Med: 2   Max: 10.6
Current: 1.58

During the past 8 years, the highest Price to Graham Number ratio of Creema was 10.60. The lowest was 1.16. And the median was 2.00.

TSE:4017's Price-to-Graham-Number is ranked worse than
62.22% of 765 companies
in the Retail - Cyclical industry
Industry Median: 1.22 vs TSE:4017: 1.58

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


Creema  (TSE:4017) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Feb. 2026 )
=207.00/129.29
=1.60

* 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.


Creema Graham Number Related Terms


Creema Graham Number Historical Data

* Premium members only.

The historical data trend for Creema'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.

Creema Graham Number Chart

Creema Annual Data
Trend Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Graham Number
Get a 7-Day Free Trial 363.11 0.00 185.74 229.02 118.96

Creema Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 150.62 131.09 0.00 118.96 130.84

TSE:4017 vs AMZN, BABA, PDD: Graham Number Comparison

For the Internet Retail subindustry, Creema'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.


Creema Price-to-Graham-Number vs Retail - Cyclical Industry

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

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


TSE:4017
55GF Score
Creema Ltd TSE:4017
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Creema Graham Number Calculation

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

Creema's Graham Number for the fiscal year that ended in Feb. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*154.143*4.08)
=118.96

Creema's Graham Number for the quarter that ended in Feb. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*154.143*4.82)
=129.29

* 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118.96 mean?
Creema (TSE:4017) has a Graham Number of 円118.96 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Creema and its competitors. This is 5848% above median its historical median of 2.00. Over the past decade, Creema's Graham Number has ranged from 1.16 to 10.60. According to the industry distribution chart, Creema ranks #476 out of 765 companies in the Retail - Cyclical industry, placing it in the top 62.2%.
Is Creema's Graham Number too high?
Creema's current Graham Number of 円118.96 is 5848% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 1.16 to a high of 10.60. Based on the distribution chart, Creema ranks #476 out of 765 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Creema has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Creema's Graham Number compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Creema ranks #476 out of 765 companies for Graham Number. This places Creema in the lower half of its industry. The industry median Graham Number is 1.22. Historically, Creema's own Graham Number has ranged from 1.16 to 10.60 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.22, based on 765 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 Creema and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Creema's current Graham Number is 円118.96, which is 5848% above median its own 10-year median of 2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Creema stock overvalued right now?
Based on GuruFocus' analysis, Creema (TSE:4017) is currently considered Possible Value Trap. The stock's GF Value™ is 円336.09, compared to a current price of 円207.00 — trading 38.4% below its estimated fair value. The current Graham Number is 円118.96, which is 5848% above median its 10-year median of 2.00. Creema's overall GF Score™ is 55/100 with 3 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 Creema (TSE:4017), the current Graham Number is 円118.96 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 Creema (TSE:4017) Overvalued in 2026?

Based on GuruFocus' analysis, Creema stock appears to be undervalued. The current stock price of 円207.00 is trading 38.4% below its estimated GF Value™ of 円336.09. GuruFocus considers Creema to be Possible Value Trap.

Key valuation signals for TSE:4017:

  • Graham Number: 円118.96 (5848% above median its 10-year median of 2.00)
  • GF Value™: 円336.09 vs. price of 円207.00 (38.4% below fair value)
  • GF Score™: 55/100 with 3 warning signs

No single metric tells the full story. See the TSE:4017 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Creema Business Description

Address 2-34-17 Jingumae, Shibuya-ku, 7-8F Sumitomo Real Estate Harajuku Building, Tokyo, JPN, 150-0001
Creema Ltd is engaged in the planning, development, and operation of the handmade marketplace Creema and the provision of various services for empowering creators. It also engages in planning, production, and management of the handmade in Japan festival (HMJ), the craft party. It's Creema is a handmade marketplace where creators and consumers can buy and sell works directly online. The Company operates in a single segment, the Creator Empowerment Business.
55GF Score

Get the complete analysis for TSE:4017

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

円207.00
Price
円336.09
GF Value