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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.
The historical rank and industry rank for SBI Leasing Services Co's Graham Number or its related term are showing as below:
TSE:5834'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.55 Med: 0.65 Max: 0.74
Current: 0.65
During the past 6 years, the highest Price to Graham Number ratio of SBI Leasing Services Co was 0.74. The lowest was 0.55. And the median was 0.65.
TSE:5834's Price-to-Graham-Number is ranked better than 81.46% of 701
companies
in the Business Services industry
Industry Median: 1.17
vs TSE:5834: 0.65
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
SBI Leasing Services Co (TSE:5834) 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.
SBI Leasing Services Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
2714.00
/
4,079.98
=
0.67
* 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.
SBI Leasing Services Co Graham Number Related Terms
SBI Leasing Services Co 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:5834 vs URI, SUNB, AER: Graham Number Comparison
For the Rental & Leasing Services subindustry, SBI Leasing Services 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.
SBI Leasing Services Co Price-to-Graham-Number vs Business Services Industry
For the Business Services industry and Industrials sector, SBI Leasing Services Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where SBI Leasing Services 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.
SBI Leasing Services Co (TSE:5834) has a Graham Number of 円3,791.89 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on SBI Leasing Services Co and its competitors. According to the industry distribution chart, SBI Leasing Services Co ranks #130 out of 701 companies in the Business Services industry, placing it in the top 18.5%.
Is SBI Leasing Services Co's Graham Number too high?
SBI Leasing Services Co's current Graham Number is 円3,791.89. Based on the distribution chart, SBI Leasing Services Co ranks #130 out of 701 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, SBI Leasing Services Co has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBI Leasing Services Co's Graham Number compare to URI and SUNB?
According to the Business Services industry distribution chart, SBI Leasing Services Co ranks #130 out of 701 companies for Graham Number. This places SBI Leasing Services Co in the top 19% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.17. 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 1.17, 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 SBI Leasing Services Co and its competitors. For the Business Services industry, the median Graham Number is 1.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBI Leasing Services Co's current Graham Number is 円3,791.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Leasing Services Co stock overvalued right now?
Based on GuruFocus' analysis, SBI Leasing Services Co (TSE:5834) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,134.68, compared to a current price of 円2,714.00 — trading 27.1% above its estimated fair value. The current Graham Number is 円3,791.89. SBI Leasing Services Co's overall GF Score™ is 77/100 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 SBI Leasing Services Co (TSE:5834), the current Graham Number is 円3,791.89 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 SBI Leasing Services Co (TSE:5834) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Leasing Services Co stock appears to be overvalued.
The current stock price of 円2,714.00 is trading 27.1% above its estimated GF Value™ of 円2,134.68.
GuruFocus considers SBI Leasing Services Co to be Modestly Overvalued.
Key valuation signals for TSE:5834:
Graham Number: 円3,791.89
GF Value™: 円2,134.68 vs. price of 円2,714.00 (27.1% above fair value)
No single metric tells the full story. See the TSE:5834 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Leasing Services Co Ltd offers Japanese-style operating lease products that invest in real assets such as aircraft and ships. It also participate in the principal investment business (self-investment in ships) as an investor.
77GF Score
Get the complete analysis for TSE:5834
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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