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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 (2026-09-01), the stock price of C. Uyemura is 円19990.00. C. Uyemura's graham number for the quarter that ended in Mar. 2026 was 円12,275.68. Therefore, C. Uyemura's Price to Graham Number ratio for today is 1.58.
The historical rank and industry rank for C. Uyemura's Graham Number or its related term are showing as below:
TSE:4966'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.59 Med: 0.75 Max: 1.61
Current: 1.58
During the past 13 years, the highest Price to Graham Number ratio of C. Uyemura was 1.61. The lowest was 0.59. And the median was 0.75.
TSE:4966's Price-to-Graham-Number is ranked worse than 54.73% of 1206
companies
in the Chemicals industry
Industry Median: 1.44
vs TSE:4966: 1.58
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.
C. Uyemura's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
19990.00
/
12,681.91
=
1.58
* 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.
C. Uyemura Graham Number Related Terms
C. Uyemura Graham Number Historical Data
* Premium members only.
The historical data trend for C. Uyemura'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:4966 vs LIN, SHW, ECL: Graham Number Comparison
For the Specialty Chemicals subindustry, C. Uyemura'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.
C. Uyemura Price-to-Graham-Number vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, C. Uyemura's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where C. Uyemura'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.
C. Uyemura (TSE:4966) has a Graham Number of 円12,275.68 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on C. Uyemura and its competitors. According to the industry distribution chart, C. Uyemura ranks #660 out of 1206 companies in the Chemicals industry, placing it in the top 54.7%.
Is C. Uyemura's Graham Number too high?
C. Uyemura's current Graham Number is 円12,275.68. Based on the distribution chart, C. Uyemura ranks #660 out of 1206 companies in the Chemicals industry, which is below the industry midpoint. Overall, C. Uyemura has a GF Score™ of 91/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does C. Uyemura's Graham Number compare to LIN and SHW?
According to the Chemicals industry distribution chart, C. Uyemura ranks #660 out of 1206 companies for Graham Number. This places C. Uyemura in the lower half of its industry. The industry median Graham Number is 1.44. 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 Chemicals company?
The median Graham Number among Chemicals companies is 1.44, based on 1,206 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 C. Uyemura and its competitors. For the Chemicals industry, the median Graham Number is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C. Uyemura's current Graham Number is 円12,275.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C. Uyemura stock overvalued right now?
Based on GuruFocus' analysis, C. Uyemura (TSE:4966) is currently considered Significantly Overvalued. The stock's GF Value™ is 円12,499.25, compared to a current price of 円19,990.00 — trading 59.9% above its estimated fair value. The current Graham Number is 円12,275.68. C. Uyemura's overall GF Score™ is 91/100. 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 C. Uyemura (TSE:4966), the current Graham Number is 円12,275.68 as of Mar. 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 C. Uyemura (TSE:4966) Overvalued in 2026?
Based on GuruFocus' analysis, C. Uyemura stock appears to be overvalued.
The current stock price of 円19,990.00 is trading 59.9% above its estimated GF Value™ of 円12,499.25.
GuruFocus considers C. Uyemura to be Significantly Overvalued.
Key valuation signals for TSE:4966:
Graham Number: 円12,275.68
GF Value™: 円12,499.25 vs. price of 円19,990.00 (59.9% above fair value)
No single metric tells the full story. See the TSE:4966 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
C. Uyemura & Co Ltd is a Japan-based company that operates in the surface finishing business. It offers specialty plating and surface finishing chemicals, specialized finishing and plating equipment, chemical control systems, industrial commodity chemicals, and non-ferrous metals. In addition, the group is also engaged in the real estate leasing business which involves leasing office buildings and condominiums.
91GF Score
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