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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 (2026-08-26), the stock price of Nihon Knowledge Co is 円790.00. Nihon Knowledge Co's graham number for the quarter that ended in Mar. 2026 was 円346.56. Therefore, Nihon Knowledge Co's Price to Graham Number ratio for today is 2.02.
The historical rank and industry rank for Nihon Knowledge Co's Graham Number or its related term are showing as below:
TSE:5252'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.95 Med: 1.52 Max: 2.38
Current: 2.07
During the past 6 years, the highest Price to Graham Number ratio of Nihon Knowledge Co was 2.38. The lowest was 0.95. And the median was 1.52.
TSE:5252's Price-to-Graham-Number is ranked worse than 57.49% of 1489
companies
in the Software industry
Industry Median: 1.91
vs TSE:5252: 2.07
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Nihon Knowledge Co (TSE:5252) 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.
Nihon Knowledge Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
790.00
/
391.16
=
2.02
* 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.
Nihon Knowledge Co Graham Number Related Terms
Nihon Knowledge Co Graham Number Historical Data
* Premium members only.
The historical data trend for Nihon Knowledge Co'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:5252 vs QH, SHOP, UBER: Graham Number Comparison
For the Software - Application subindustry, Nihon Knowledge Co'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.
Nihon Knowledge Co Price-to-Graham-Number vs Software Industry
For the Software industry and Technology sector, Nihon Knowledge Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Nihon Knowledge Co'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.
Nihon Knowledge Co (TSE:5252) has a Graham Number of 円346.56 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Nihon Knowledge Co and its competitors. According to the industry distribution chart, Nihon Knowledge Co ranks #856 out of 1489 companies in the Software industry, placing it in the top 57.5%.
Is Nihon Knowledge Co's Graham Number too high?
Nihon Knowledge Co's current Graham Number is 円346.56. Based on the distribution chart, Nihon Knowledge Co ranks #856 out of 1489 companies in the Software industry, which is below the industry midpoint. Overall, Nihon Knowledge Co has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nihon Knowledge Co's Graham Number compare to QH and SHOP?
According to the Software industry distribution chart, Nihon Knowledge Co ranks #856 out of 1489 companies for Graham Number. This places Nihon Knowledge Co in the lower half of its industry. The industry median Graham Number is 1.91. 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 1.91, based on 1,489 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 Nihon Knowledge Co and its competitors. For the Software industry, the median Graham Number is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nihon Knowledge Co's current Graham Number is 円346.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nihon Knowledge Co stock overvalued right now?
Based on GuruFocus' analysis, Nihon Knowledge Co (TSE:5252) is currently considered Significantly Overvalued. The stock's GF Value™ is 円547.16, compared to a current price of 円790.00 — trading 44.4% above its estimated fair value. The current Graham Number is 円346.56. Nihon Knowledge Co's overall GF Score™ is 75/100 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 Nihon Knowledge Co (TSE:5252), the current Graham Number is 円346.56 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 Nihon Knowledge Co (TSE:5252) Overvalued in 2026?
Based on GuruFocus' analysis, Nihon Knowledge Co stock appears to be overvalued.
The current stock price of 円790.00 is trading 44.4% above its estimated GF Value™ of 円547.16.
GuruFocus considers Nihon Knowledge Co to be Significantly Overvalued.
Key valuation signals for TSE:5252:
Graham Number: 円346.56
GF Value™: 円547.16 vs. price of 円790.00 (44.4% above fair value)
No single metric tells the full story. See the TSE:5252 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nihon Knowledge Co Ltd is a comprehensive ICT service company that provides quality and test technology, development, and security products with a thorough user orientation. The company's services include verification services, Development services, and consultation services. The verification services include Resolving software verification issues through a track record of numerous projects and accumulation of know-how. The development services include management systems for steel wholesalers and processing industries and others.
75GF Score
Get the complete analysis for TSE:5252
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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