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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.
Kaizen PlatformTSE:4170 +2.56%61 Graham Number is 円67.04 as of Dec. 2025, which is 100% below its 10-year median of 4.34. GuruFocus rates TSE:4170 with a GF Score™ of 61/100 and a GF Value™ of 円255.13 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 491 Media - Diversified companies, Kaizen Platform ranks worse than 203665.78% 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 (2026-08-20), the stock price of Kaizen Platform is 円120.00. Kaizen Platform's graham number for the quarter that ended in Dec. 2025 was 円67.04. Therefore, Kaizen Platform's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for Kaizen Platform's Graham Number or its related term are showing as below:
During the past 8 years, the highest Price to Graham Number ratio of Kaizen Platform was 6.10. The lowest was 1.74. And the median was 4.34.
TSE:4170's Price-to-Graham-Number is not ranked *
in the Media - Diversified industry.
Industry Median: 1.18 * 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.
Kaizen Platform (TSE:4170) 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.
Kaizen Platform's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Dec. 2025 )
=
120.00
/
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.
Kaizen Platform Graham Number Related Terms
Kaizen Platform Graham Number Historical Data
* Premium members only.
The historical data trend for Kaizen Platform'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:4170 vs APP, OMC, TTD: Graham Number Comparison
For the Advertising Agencies subindustry, Kaizen Platform'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.
Kaizen Platform Price-to-Graham-Number vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Kaizen Platform's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Kaizen Platform'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.
Kaizen Platform (TSE:4170) has a Graham Number of 円67.04 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kaizen Platform and its competitors. This is 1445% above median its historical median of 4.34. Over the past decade, Kaizen Platform's Graham Number has ranged from 1.74 to 6.10. According to the industry distribution chart, Kaizen Platform ranks #999999 out of 491 companies in the Media - Diversified industry.
Is Kaizen Platform's Graham Number too high?
Kaizen Platform's current Graham Number of 円67.04 is 1445% above median its 10-year median of 4.34. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 6.10. Based on the distribution chart, Kaizen Platform ranks #999999 out of 491 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Kaizen Platform has a GF Score™ of 61/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kaizen Platform's Graham Number compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Kaizen Platform ranks #999999 out of 491 companies for Graham Number. This places Kaizen Platform in the lower half of its industry. The industry median Graham Number is 1.18. Historically, Kaizen Platform's own Graham Number has ranged from 1.74 to 6.10 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 Media - Diversified company?
The median Graham Number among Media - Diversified companies is 1.18, based on 491 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 Kaizen Platform and its competitors. For the Media - Diversified industry, the median Graham Number is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaizen Platform's current Graham Number is 円67.04, which is 1445% above median its own 10-year median of 4.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaizen Platform stock overvalued right now?
Based on GuruFocus' analysis, Kaizen Platform (TSE:4170) is currently considered Significantly Undervalued. The stock's GF Value™ is 円255.13, compared to a current price of 円120.00 — trading 53% below its estimated fair value. The current Graham Number is 円67.04, which is 1445% above median its 10-year median of 4.34. Kaizen Platform's overall GF Score™ is 61/100 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 Kaizen Platform (TSE:4170), the current Graham Number is 円67.04 as of Dec. 2025. 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 Kaizen Platform (TSE:4170) Overvalued in 2026?
Based on GuruFocus' analysis, Kaizen Platform stock appears to be undervalued.
The current stock price of 円120.00 is trading 53% below its estimated GF Value™ of 円255.13.
GuruFocus considers Kaizen Platform to be Significantly Undervalued.
Key valuation signals for TSE:4170:
Graham Number: 円67.04 (1445% above median its 10-year median of 4.34)
GF Value™: 円255.13 vs. price of 円120.00 (53% below fair value)
No single metric tells the full story. See the TSE:4170 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaizen Platform Inc is a marketing technology platform. It supports digital transformation of customer experience through optimization of websites for UI/UX and Video Production for marketing, sales, and promotional materials. The Group has two reportable segments: the "Growth Segment" and the Transformation Segment.
61GF Score
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