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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.
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 (2026-08-25), the stock price of Valuenex Japan is 円562.00. Valuenex Japan's graham number for the quarter that ended in Jan. 2026 was 円157.57. Therefore, Valuenex Japan's Price to Graham Number ratio for today is 4.49.
The historical rank and industry rank for Valuenex Japan's Graham Number or its related term are showing as below:
TSE:4422'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.87 Med: 3.55 Max: 10.1
Current: 4.33
During the past 10 years, the highest Price to Graham Number ratio of Valuenex Japan was 10.10. The lowest was 0.87. And the median was 3.55.
TSE:4422's Price-to-Graham-Number is ranked worse than 92.58% of 701
companies
in the Business Services industry
Industry Median: 1.18
vs TSE:4422: 4.33
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Valuenex Japan (TSE:4422) 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.
Valuenex Japan's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jan. 2026 )
=
562.00
/
125.22
=
4.49
* 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.
Valuenex Japan Graham Number Related Terms
Valuenex Japan Graham Number Historical Data
* Premium members only.
The historical data trend for Valuenex Japan'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:4422 vs VRSK, EFX, BAH: Graham Number Comparison
For the Consulting Services subindustry, Valuenex Japan'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.
Valuenex Japan Price-to-Graham-Number vs Business Services Industry
For the Business Services industry and Industrials sector, Valuenex Japan's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Valuenex Japan'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.
Valuenex Japan (TSE:4422) has a Graham Number of 円157.57 as of Jan. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Valuenex Japan and its competitors. According to the industry distribution chart, Valuenex Japan ranks #649 out of 701 companies in the Business Services industry, placing it in the top 92.6%.
Is Valuenex Japan's Graham Number too high?
Valuenex Japan's current Graham Number is 円157.57. Based on the distribution chart, Valuenex Japan ranks #649 out of 701 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Valuenex Japan has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Valuenex Japan's Graham Number compare to VRSK and EFX?
According to the Business Services industry distribution chart, Valuenex Japan ranks #649 out of 701 companies for Graham Number. This places Valuenex Japan in the lower half of its industry. The industry median Graham Number is 1.18. 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 Business Services company?
The median Graham Number among Business Services companies is 1.18, based on 701 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 Valuenex Japan and its competitors. For the Business Services 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. Valuenex Japan's current Graham Number is 円157.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Valuenex Japan stock overvalued right now?
Based on GuruFocus' analysis, Valuenex Japan (TSE:4422) is currently considered Significantly Overvalued. The stock's GF Value™ is 円359.22, compared to a current price of 円562.00 — trading 56.5% above its estimated fair value. The current Graham Number is 円157.57. Valuenex Japan's overall GF Score™ is 65/100 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 Valuenex Japan (TSE:4422), the current Graham Number is 円157.57 as of Jan. 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 Valuenex Japan (TSE:4422) Overvalued in 2026?
Based on GuruFocus' analysis, Valuenex Japan stock appears to be overvalued.
The current stock price of 円562.00 is trading 56.5% above its estimated GF Value™ of 円359.22.
GuruFocus considers Valuenex Japan to be Significantly Overvalued.
Key valuation signals for TSE:4422:
Graham Number: 円157.57
GF Value™: 円359.22 vs. price of 円562.00 (56.5% above fair value)
No single metric tells the full story. See the TSE:4422 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Valuenex Japan Inc provides information analysis services. It also offers document analysis tools, including TechRadar and DocRadar, and consulting services using it. Its analysis is used by departments such as research and development, marketing, and management planning, focusing on the intellectual property of various industries, including electronic equipment, transportation equipment, precision equipment, chemistry, and information and communication. Services offered by the company include a data creation plan, multi-client service, coaching, and a service overview.
65GF Score
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