SAIJO Co (TSE:591A) Graham Number: 円528.31 (As of Feb. 2026)

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:591A SAIJO Co Ltd TSE:591A
5 GF Score
Price 円255.00
! 4 Warning Signs
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What is SAIJO Co Graham Number?

SAIJO Co TSE:591A 5 Graham Number is 円528.31 as of Feb. 2026. GuruFocus rates TSE:591A with a GF Score™ of 5/100. The stock has 4 warning signs investors should review. Among 765 Retail - Cyclical companies, SAIJO Co ranks better than 89.15% 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 (2026-09-10), the stock price of SAIJO Co is 円255.00. SAIJO Co's graham number for the quarter that ended in Feb. 2026 was 円528.31. Therefore, SAIJO Co's Price to Graham Number ratio for today is 0.48.

The historical rank and industry rank for SAIJO Co's Graham Number or its related term are showing as below:

TSE:591A' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0   Med: 0   Max: 0.48
Current: 0.48

During the past 2 years, the highest Price to Graham Number ratio of SAIJO Co was 0.48. The lowest was 0.00. And the median was 0.00.

TSE:591A's Price-to-Graham-Number is ranked better than
89.15% of 765 companies
in the Retail - Cyclical industry
Industry Median: 1.23 vs TSE:591A: 0.48

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


SAIJO Co  (TSE:591A) 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.

SAIJO Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Feb. 2026 )
=255.00/528.31
=0.48

* 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.


SAIJO Co Graham Number Related Terms


SAIJO Co Graham Number Historical Data

* Premium members only.

The historical data trend for SAIJO 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.

SAIJO Co Graham Number Chart

SAIJO Co Annual Data
Trend Aug24 Aug25
Graham Number
682.93 653.90

SAIJO Co Semi-Annual Data
Aug24 Aug25 Feb26
Graham Number 0.00 0.00 528.31

TSE:591A vs DDS: Graham Number Comparison

For the Department Stores subindustry, SAIJO 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.


SAIJO Co Price-to-Graham-Number vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, SAIJO Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where SAIJO Co's Price-to-Graham-Number falls into.


TSE:591A
5GF Score
SAIJO Co Ltd TSE:591A
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
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SAIJO Co Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

SAIJO Co's Graham Number for the fiscal year that ended in Aug. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*894.072*21.255)
=653.90

SAIJO Co's Graham Number for the quarter that ended in Feb. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*903.691*13.727)
=528.31

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of 円528.31 mean?
SAIJO Co (TSE:591A) has a Graham Number of 円528.31 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on SAIJO Co and its competitors. According to the industry distribution chart, SAIJO Co ranks #83 out of 765 companies in the Retail - Cyclical industry, placing it in the top 10.8%.
Is SAIJO Co's Graham Number too high?
SAIJO Co's current Graham Number is 円528.31. Based on the distribution chart, SAIJO Co ranks #83 out of 765 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, SAIJO Co has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does SAIJO Co's Graham Number compare to DDS?
According to the Retail - Cyclical industry distribution chart, SAIJO Co ranks #83 out of 765 companies for Graham Number. This places SAIJO Co in the top 11% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.23. 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.23, based on 765 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 SAIJO Co and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SAIJO Co's current Graham Number is 円528.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SAIJO Co stock overvalued right now?
SAIJO Co (TSE:591A) has a current Graham Number of 円528.31. The current Graham Number is 円528.31. SAIJO Co's overall GF Score™ is 5/100 with 4 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 SAIJO Co (TSE:591A), the current Graham Number is 円528.31 as of Feb. 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.

SAIJO Co Business Description

Address 6-25-1 Nishisanjo Minami, Hokkaido, Nayoro-shi, JPN, 096-0013
SAIJO Co Ltd operates retail businesses, including department stores, grocery stores, shopping centers, and home improvement stores.
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Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円255.00
Price