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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.
TSE:6171'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.69 Med: 1 Max: 3.67
Current: 0.69
During the past 12 years, the highest Price to Graham Number ratio of C. E. Management Integrated Laboratory Co was 3.67. The lowest was 0.69. And the median was 1.00.
TSE:6171's Price-to-Graham-Number is ranked better than 69.82% of 1216
companies
in the Construction industry
Industry Median: 1
vs TSE:6171: 0.69
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
C. E. Management Integrated Laboratory Co (TSE:6171) 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.
C. E. Management Integrated Laboratory Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
371.00
/
536.03
=
0.69
* 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. E. Management Integrated Laboratory Co Graham Number Related Terms
C. E. Management Integrated Laboratory 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.
C. E. Management Integrated Laboratory Co Graham Number Chart
C. E. Management Integrated Laboratory Co Annual Data
TSE:6171 vs PWR, FIX, EME: Graham Number Comparison
For the Engineering & Construction subindustry, C. E. Management Integrated Laboratory 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.
C. E. Management Integrated Laboratory Co Price-to-Graham-Number vs Construction Industry
* 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. E. Management Integrated Laboratory Co (TSE:6171) has a Graham Number of 円536.03 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on C. E. Management Integrated Laboratory Co and its competitors. According to the industry distribution chart, C. E. Management Integrated Laboratory Co ranks #367 out of 1216 companies in the Construction industry, placing it in the top 30.2%.
Is C. E. Management Integrated Laboratory Co's Graham Number too high?
C. E. Management Integrated Laboratory Co's current Graham Number is 円536.03. Based on the distribution chart, C. E. Management Integrated Laboratory Co ranks #367 out of 1216 companies in the Construction industry, which is above the industry midpoint. Overall, C. E. Management Integrated Laboratory Co has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does C. E. Management Integrated Laboratory Co's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, C. E. Management Integrated Laboratory Co ranks #367 out of 1216 companies for Graham Number. This puts C. E. Management Integrated Laboratory Co in the upper half of its industry. The industry median Graham Number is 1.00. 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 Construction company?
The median Graham Number among Construction companies is 1.00, based on 1,216 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. E. Management Integrated Laboratory Co and its competitors. For the Construction industry, the median Graham Number is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C. E. Management Integrated Laboratory Co's current Graham Number is 円536.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C. E. Management Integrated Laboratory Co stock overvalued right now?
Based on GuruFocus' analysis, C. E. Management Integrated Laboratory Co (TSE:6171) is currently considered Fairly Valued. The stock's GF Value™ is 円368.99, compared to a current price of 円371.00 — trading 0.5% above its estimated fair value. The current Graham Number is 円536.03. C. E. Management Integrated Laboratory Co's overall GF Score™ is 64/100. 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. E. Management Integrated Laboratory Co (TSE:6171), the current Graham Number is 円536.03 as of Jun. 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. E. Management Integrated Laboratory Co (TSE:6171) Overvalued in 2026?
Based on GuruFocus' analysis, C. E. Management Integrated Laboratory Co stock appears to be overvalued.
The current stock price of 円371.00 is trading 0.5% above its estimated GF Value™ of 円368.99.
GuruFocus considers C. E. Management Integrated Laboratory Co to be Fairly Valued.
Key valuation signals for TSE:6171:
Graham Number: 円536.03
GF Value™: 円368.99 vs. price of 円371.00 (0.5% above fair value)
No single metric tells the full story. See the TSE:6171 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
C. E. Management Integrated Laboratory Co Ltd is engaged in civil engineering and construction work. It also provides ground survey, geological survey, environmental research, disaster prevention system, and informatization construction. The company has three business segments. The Comprehensive Test Service segment is engaged in the provision of soil and geological survey tests, non-destructive survey tests, and environmental survey test services that are necessary for civil engineering construction works. The Ground Reinforcement Service segment is engaged in ground reinforcement work. The Software Development and Sales segment is engaged in the development and sale of software.
64GF Score
Get the complete analysis for TSE:6171
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