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SandenTSE:6444 -0.49%41 Graham Number is 円356.47 as of Jun. 2026, which is 100% below its 10-year median of 0.77. GuruFocus rates TSE:6444 with a GF Score™ of 41/100 and a GF Value™ of 円119.77 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 987 Vehicles & Parts companies, Sanden ranks better than 79.64% 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 (2026-08-19), the stock price of Sanden is 円202.00. Sanden's graham number for the quarter that ended in Jun. 2026 was 円356.47. Therefore, Sanden's Price to Graham Number ratio for today is 0.66.
The historical rank and industry rank for Sanden's Graham Number or its related term are showing as below:
TSE:6444'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.45 Med: 0.77 Max: 1.78
Current: 0.57
During the past 13 years, the highest Price to Graham Number ratio of Sanden was 1.78. The lowest was 0.45. And the median was 0.77.
TSE:6444's Price-to-Graham-Number is ranked better than 79.64% of 987
companies
in the Vehicles & Parts industry
Industry Median: 1.17
vs TSE:6444: 0.57
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.
Sanden's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
202.00
/
305.40
=
0.66
* 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.
Sanden Graham Number Related Terms
Sanden Graham Number Historical Data
* Premium members only.
The historical data trend for Sanden'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.
For the Auto Parts subindustry, Sanden'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.
Sanden Price-to-Graham-Number vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Sanden's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Sanden'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.
Sanden (TSE:6444) has a Graham Number of 円356.47 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Sanden and its competitors. This is 46195% above median its historical median of 0.77. Over the past decade, Sanden's Graham Number has ranged from 0.45 to 1.78. According to the industry distribution chart, Sanden ranks #201 out of 987 companies in the Vehicles & Parts industry, placing it in the top 20.4%.
Is Sanden's Graham Number too high?
Sanden's current Graham Number of 円356.47 is 46195% above median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.45 to a high of 1.78. Based on the distribution chart, Sanden ranks #201 out of 987 companies in the Vehicles & Parts industry, which is in the top quartile — a strong position relative to peers. Overall, Sanden has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sanden's Graham Number compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Sanden ranks #201 out of 987 companies for Graham Number. This places Sanden in the top 20% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.17. Historically, Sanden's own Graham Number has ranged from 0.45 to 1.78 over the past decade. 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 Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.17, based on 987 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 Sanden and its competitors. For the Vehicles & Parts 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. Sanden's current Graham Number is 円356.47, which is 46195% above median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanden stock overvalued right now?
Based on GuruFocus' analysis, Sanden (TSE:6444) is currently considered Significantly Overvalued. The stock's GF Value™ is 円119.77, compared to a current price of 円202.00 — trading 68.7% above its estimated fair value. The current Graham Number is 円356.47, which is 46195% above median its 10-year median of 0.77. Sanden's overall GF Score™ is 41/100 with 7 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 Sanden (TSE:6444), the current Graham Number is 円356.47 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 Sanden (TSE:6444) Overvalued in 2026?
Based on GuruFocus' analysis, Sanden stock appears to be overvalued.
The current stock price of 円202.00 is trading 68.7% above its estimated GF Value™ of 円119.77.
GuruFocus considers Sanden to be Significantly Overvalued.
Key valuation signals for TSE:6444:
Graham Number: 円356.47 (46195% above median its 10-year median of 0.77)
GF Value™: 円119.77 vs. price of 円202.00 (68.7% above fair value)
No single metric tells the full story. See the TSE:6444 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sanden Corp is a Japan-based company that operates through two segments. The company's automotive systems segment manufactures and distributes automotive air conditioning systems and air-conditioner compressors. The commercial store systems segment manufactures and distributes automatic vending machines, commercial freezers, and refrigerated showcases. Sanden Holdings' products are provided to customers including multinational automobile makers, beverage manufacturers, and home users. The company generates the majority of its sales from the Asian market.
41GF Score
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