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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 (2026-08-29), the stock price of Stmn is 円682.00. Stmn's graham number for the quarter that ended in Jun. 2026 was 円314.43. Therefore, Stmn's Price to Graham Number ratio for today is 1.95.
The historical rank and industry rank for Stmn's Graham Number or its related term are showing as below:
TSE:4019'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.77 Med: 4.52 Max: 24.12
Current: 2.17
During the past 8 years, the highest Price to Graham Number ratio of Stmn was 24.12. The lowest was 1.77. And the median was 4.52.
TSE:4019's Price-to-Graham-Number is ranked worse than 53.31% of 1480
companies
in the Software industry
Industry Median: 1.88
vs TSE:4019: 2.17
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.
Stmn's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
682.00
/
349.12
=
1.95
* 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.
Stmn Graham Number Related Terms
Stmn Graham Number Historical Data
* Premium members only.
The historical data trend for Stmn'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:4019 vs QH, SHOP, UBER: Graham Number Comparison
For the Software - Application subindustry, Stmn'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.
Stmn Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Stmn's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Stmn'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.
Stmn (TSE:4019) has a Graham Number of 円314.43 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Stmn and its competitors. According to the industry distribution chart, Stmn ranks #789 out of 1480 companies in the Software industry, placing it in the top 53.3%.
Is Stmn's Graham Number too high?
Stmn's current Graham Number is 円314.43. Based on the distribution chart, Stmn ranks #789 out of 1480 companies in the Software industry, which is below the industry midpoint. Overall, Stmn has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Stmn's Graham Number compare to QH and SHOP?
According to the Software industry distribution chart, Stmn ranks #789 out of 1480 companies for Graham Number. This places Stmn in the lower half of its industry. The industry median Graham Number is 1.88. 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 Software company?
The median Graham Number among Software companies is 1.88, based on 1,480 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 Stmn and its competitors. For the Software industry, the median Graham Number is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stmn's current Graham Number is 円314.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stmn stock overvalued right now?
Based on GuruFocus' analysis, Stmn (TSE:4019) is currently considered Possible Value Trap. The stock's GF Value™ is 円1,126.45, compared to a current price of 円682.00 — trading 39.5% below its estimated fair value. The current Graham Number is 円314.43. Stmn's overall GF Score™ is 69/100 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 Stmn (TSE:4019), the current Graham Number is 円314.43 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 Stmn (TSE:4019) Overvalued in 2026?
Based on GuruFocus' analysis, Stmn stock appears to be undervalued.
The current stock price of 円682.00 is trading 39.5% below its estimated GF Value™ of 円1,126.45.
GuruFocus considers Stmn to be Possible Value Trap.
Key valuation signals for TSE:4019:
Graham Number: 円314.43
GF Value™: 円1,126.45 vs. price of 円682.00 (39.5% below fair value)
No single metric tells the full story. See the TSE:4019 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stmn Inc is engaged in planning, development and operation of businesses and services that utilize IT technology. The company operates in order to enhance the power of people and organization, clearlying define purpose and VMV, and make management decisions and operate business in line with them. The company mainly has four business: TUNAG, FANTS, STAGE, Watchy. TUNAG is a service that improves employee retention, promotes information sharing, and digitalizes business processes. FANTS is an app created for communities. STAGE is a recruitment agency that places emphasis on cultural match. Watchy is cloud security service manages and monitors in-house PCs to prevent internal information leaks due to human error and other reasons, streamlining management efforts and supporting information.
69GF Score
Get the complete analysis for TSE:4019
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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