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Tobila SystemsTSE:4441 +3.88%88 Graham Number is 円608.60 as of Apr. 2026, which is 100% below its 10-year median of 2.84. GuruFocus rates TSE:4441 with a GF Score™ of 88/100 and a GF Value™ of 円1,343.06 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,650 Hardware companies, Tobila Systems ranks worse than 63.76% 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 Tobila Systems is 円1501.00. Tobila Systems's graham number for the quarter that ended in Apr. 2026 was 円608.60. Therefore, Tobila Systems's Price to Graham Number ratio for today is 2.47.
The historical rank and industry rank for Tobila Systems's Graham Number or its related term are showing as below:
TSE:4441'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.46 Med: 2.84 Max: 13.41
Current: 2.47
During the past 9 years, the highest Price to Graham Number ratio of Tobila Systems was 13.41. The lowest was 1.46. And the median was 2.84.
TSE:4441's Price-to-Graham-Number is ranked worse than 63.76% of 1650
companies
in the Hardware industry
Industry Median: 1.8
vs TSE:4441: 2.47
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Tobila Systems (TSE:4441) 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.
Tobila Systems's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
1501.00
/
608.60
=
2.47
* 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.
Tobila Systems Graham Number Related Terms
Tobila Systems Graham Number Historical Data
* Premium members only.
The historical data trend for Tobila Systems'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:4441 vs CSCO, MSI, HPE: Graham Number Comparison
For the Communication Equipment subindustry, Tobila Systems'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.
Tobila Systems Price-to-Graham-Number vs Hardware Industry
For the Hardware industry and Technology sector, Tobila Systems's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Tobila Systems'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.
Tobila Systems (TSE:4441) has a Graham Number of 円608.60 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tobila Systems and its competitors. This is 21330% above median its historical median of 2.84. Over the past decade, Tobila Systems' Graham Number has ranged from 1.46 to 13.41. According to the industry distribution chart, Tobila Systems ranks #1052 out of 1650 companies in the Hardware industry, placing it in the top 63.8%.
Is Tobila Systems' Graham Number too high?
Tobila Systems' current Graham Number of 円608.60 is 21330% above median its 10-year median of 2.84. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 13.41. Based on the distribution chart, Tobila Systems ranks #1052 out of 1650 companies in the Hardware industry, which is below the industry midpoint. Overall, Tobila Systems has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tobila Systems' Graham Number compare to CSCO and MSI?
According to the Hardware industry distribution chart, Tobila Systems ranks #1052 out of 1650 companies for Graham Number. This places Tobila Systems in the lower half of its industry. The industry median Graham Number is 1.80. Historically, Tobila Systems' own Graham Number has ranged from 1.46 to 13.41 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 Hardware company?
The median Graham Number among Hardware companies is 1.80, based on 1,650 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 Tobila Systems and its competitors. For the Hardware industry, the median Graham Number is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tobila Systems's current Graham Number is 円608.60, which is 21330% above median its own 10-year median of 2.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tobila Systems stock overvalued right now?
Based on GuruFocus' analysis, Tobila Systems (TSE:4441) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,343.06, compared to a current price of 円1,501.00 — trading 11.8% above its estimated fair value. The current Graham Number is 円608.60, which is 21330% above median its 10-year median of 2.84. Tobila Systems' overall GF Score™ is 88/100 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 Tobila Systems (TSE:4441), the current Graham Number is 円608.60 as of Apr. 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 Tobila Systems (TSE:4441) Overvalued in 2026?
Based on GuruFocus' analysis, Tobila Systems stock appears to be overvalued.
The current stock price of 円1,501.00 is trading 11.8% above its estimated GF Value™ of 円1,343.06.
GuruFocus considers Tobila Systems to be Modestly Overvalued.
Key valuation signals for TSE:4441:
Graham Number: 円608.60 (21330% above median its 10-year median of 2.84)
GF Value™: 円1,343.06 vs. price of 円1,501.00 (11.8% above fair value)
No single metric tells the full story. See the TSE:4441 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tobila Systems Inc develops telecommunication-related systems. It develops and provides nuisance information filter systems for mobile, Fixed-line Telephone, and other businesses. Geographically, the activities are carried out in Japan. The Company operates a single segment, the nuisance information filtering business.
88GF Score
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