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ENDO LightingTSE:6932 -3.11%80 Graham Number is 円4,494.15 as of Mar. 2026, which is 100% below its 10-year median of 0.36. GuruFocus rates TSE:6932 with a GF Score™ of 80/100 and a GF Value™ of 円1,672.19 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 285 Furnishings, Fixtures & Appliances companies, ENDO Lighting ranks better than 82.11% 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 (2026-08-20), the stock price of ENDO Lighting is 円2494.00. ENDO Lighting's graham number for the quarter that ended in Mar. 2026 was 円4,494.15. Therefore, ENDO Lighting's Price to Graham Number ratio for today is 0.57.
The historical rank and industry rank for ENDO Lighting's Graham Number or its related term are showing as below:
TSE:6932'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.29 Med: 0.36 Max: 0.65
Current: 0.56
During the past 13 years, the highest Price to Graham Number ratio of ENDO Lighting was 0.65. The lowest was 0.29. And the median was 0.36.
TSE:6932's Price-to-Graham-Number is ranked better than 82.11% of 285
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.11
vs TSE:6932: 0.56
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
ENDO Lighting (TSE:6932) 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.
ENDO Lighting's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
2494.00
/
4,410.87
=
0.57
* 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.
ENDO Lighting Graham Number Related Terms
ENDO Lighting Graham Number Historical Data
* Premium members only.
The historical data trend for ENDO Lighting'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:6932 vs SN, SGI, MHK: Graham Number Comparison
For the Furnishings, Fixtures & Appliances subindustry, ENDO Lighting'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.
ENDO Lighting Price-to-Graham-Number vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, ENDO Lighting's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where ENDO Lighting'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.
ENDO Lighting (TSE:6932) has a Graham Number of 円4,494.15 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on ENDO Lighting and its competitors. This is 1248275% above median its historical median of 0.36. Over the past decade, ENDO Lighting's Graham Number has ranged from 0.29 to 0.65. According to the industry distribution chart, ENDO Lighting ranks #51 out of 285 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 17.9%.
Is ENDO Lighting's Graham Number too high?
ENDO Lighting's current Graham Number of 円4,494.15 is 1248275% above median its 10-year median of 0.36. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 0.65. Based on the distribution chart, ENDO Lighting ranks #51 out of 285 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, ENDO Lighting has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ENDO Lighting's Graham Number compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, ENDO Lighting ranks #51 out of 285 companies for Graham Number. This places ENDO Lighting in the top 18% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.11. Historically, ENDO Lighting's own Graham Number has ranged from 0.29 to 0.65 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 Furnishings, Fixtures & Appliances company?
The median Graham Number among Furnishings, Fixtures & Appliances companies is 1.11, based on 285 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 ENDO Lighting and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Graham Number is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENDO Lighting's current Graham Number is 円4,494.15, which is 1248275% above median its own 10-year median of 0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENDO Lighting stock overvalued right now?
Based on GuruFocus' analysis, ENDO Lighting (TSE:6932) is currently considered Significantly Overvalued. The stock's GF Value™ is 円1,672.19, compared to a current price of 円2,494.00 — trading 49.1% above its estimated fair value. The current Graham Number is 円4,494.15, which is 1248275% above median its 10-year median of 0.36. ENDO Lighting's overall GF Score™ is 80/100 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 ENDO Lighting (TSE:6932), the current Graham Number is 円4,494.15 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 ENDO Lighting (TSE:6932) Overvalued in 2026?
Based on GuruFocus' analysis, ENDO Lighting stock appears to be overvalued.
The current stock price of 円2,494.00 is trading 49.1% above its estimated GF Value™ of 円1,672.19.
GuruFocus considers ENDO Lighting to be Significantly Overvalued.
Key valuation signals for TSE:6932:
Graham Number: 円4,494.15 (1248275% above median its 10-year median of 0.36)
GF Value™: 円1,672.19 vs. price of 円2,494.00 (49.1% above fair value)
No single metric tells the full story. See the TSE:6932 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ENDO Lighting Corp is a Japanese-based lighting equipment manufacturer. The company is organized into segments by product or service based on its business divisions. The reportable segments are the Lighting Equipment-related Business, the Environment-related Business, and the Interior Furniture Business. The Lighting Equipment Related Business principally involves the manufacture and sale of lighting equipment. The Environment-related Business focuses on the sale of energy-saving equipment and the rental of lighting fixtures and energy-saving devices. The Interior Furniture Business is mainly engaged in the sale of interior furniture and accessories.
80GF Score
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