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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.
Core Concept Technologies (TSE:4371) 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.
Core Concept Technologies's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
1482.00
/
707.22
=
2.10
* 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.
Core Concept Technologies Graham Number Related Terms
Core Concept Technologies Graham Number Historical Data
* 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:4371 vs IBM, ACN, CTSH: Graham Number Comparison
For the Information Technology Services subindustry, Core Concept Technologies'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.
Core Concept Technologies Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Core Concept Technologies's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Core Concept Technologies'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.
Core Concept Technologies (TSE:4371) has a Graham Number of 円707.22 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Core Concept Technologies and its competitors. According to the industry distribution chart, Core Concept Technologies ranks #796 out of 1473 companies in the Software industry, placing it in the top 54%.
Is Core Concept Technologies' Graham Number too high?
Core Concept Technologies' current Graham Number is 円707.22. Based on the distribution chart, Core Concept Technologies ranks #796 out of 1473 companies in the Software industry, which is below the industry midpoint. Overall, Core Concept Technologies has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Core Concept Technologies' Graham Number compare to IBM and ACN?
According to the Software industry distribution chart, Core Concept Technologies ranks #796 out of 1473 companies for Graham Number. This places Core Concept Technologies in the lower half of its industry. The industry median Graham Number is 1.90. 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 1.90, based on 1,473 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 Core Concept Technologies and its competitors. For the Software industry, the median Graham Number is 1.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Core Concept Technologies's current Graham Number is 円707.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Core Concept Technologies stock overvalued right now?
Based on GuruFocus' analysis, Core Concept Technologies (TSE:4371) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,653.20, compared to a current price of 円1,482.00 — trading 10.4% below its estimated fair value. The current Graham Number is 円707.22. Core Concept Technologies' overall GF Score™ is 97/100 with 2 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 Core Concept Technologies (TSE:4371), the current Graham Number is 円707.22 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 Core Concept Technologies (TSE:4371) Overvalued in 2026?
Based on GuruFocus' analysis, Core Concept Technologies stock appears to be undervalued.
The current stock price of 円1,482.00 is trading 10.4% below its estimated GF Value™ of 円1,653.20.
GuruFocus considers Core Concept Technologies to be Modestly Undervalued.
Key valuation signals for TSE:4371:
Graham Number: 円707.22
GF Value™: 円1,653.20 vs. price of 円1,482.00 (10.4% below fair value)
No single metric tells the full story. See the TSE:4371 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Core Concept Technologies Inc is involved in the digital transformation realization support in areas such as manufacturing and construction industries and supporting information technology human resource procurement support service.
97GF Score
Get the complete analysis for TSE:4371
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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