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.
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.
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 (2026-09-06), the stock price of Kinki Sharyo Co is 円2436.00. Kinki Sharyo Co's graham number for the quarter that ended in Mar. 2026 was 円4,167.69. Therefore, Kinki Sharyo Co's Price to Graham Number ratio for today is 0.58.
The historical rank and industry rank for Kinki Sharyo Co's Graham Number or its related term are showing as below:
TSE:7122'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.24 Med: 0.39 Max: 0.87
Current: 0.58
During the past 13 years, the highest Price to Graham Number ratio of Kinki Sharyo Co was 0.87. The lowest was 0.24. And the median was 0.39.
TSE:7122's Price-to-Graham-Number is ranked better than 80.61% of 753
companies
in the Transportation industry
Industry Median: 1.03
vs TSE:7122: 0.58
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Kinki Sharyo Co (TSE:7122) 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.
Kinki Sharyo Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
2436.00
/
4,167.69
=
0.58
* 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.
Kinki Sharyo Co Graham Number Related Terms
Kinki Sharyo Co Graham Number Historical Data
* Premium members only.
The historical data trend for Kinki Sharyo 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.
TSE:7122 vs UNP, CSX, NSC: Graham Number Comparison
For the Railroads subindustry, Kinki Sharyo 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.
Kinki Sharyo Co Price-to-Graham-Number vs Transportation Industry
For the Transportation industry and Industrials sector, Kinki Sharyo Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Kinki Sharyo 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.
Kinki Sharyo Co (TSE:7122) has a Graham Number of 円4,167.69 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kinki Sharyo Co and its competitors. According to the industry distribution chart, Kinki Sharyo Co ranks #146 out of 753 companies in the Transportation industry, placing it in the top 19.4%.
Is Kinki Sharyo Co's Graham Number too high?
Kinki Sharyo Co's current Graham Number is 円4,167.69. Based on the distribution chart, Kinki Sharyo Co ranks #146 out of 753 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Kinki Sharyo Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kinki Sharyo Co's Graham Number compare to UNP and CSX?
According to the Transportation industry distribution chart, Kinki Sharyo Co ranks #146 out of 753 companies for Graham Number. This places Kinki Sharyo Co in the top 19% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.03. 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 Transportation company?
The median Graham Number among Transportation companies is 1.03, based on 753 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 Kinki Sharyo Co and its competitors. For the Transportation industry, the median Graham Number is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinki Sharyo Co's current Graham Number is 円4,167.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinki Sharyo Co stock overvalued right now?
Based on GuruFocus' analysis, Kinki Sharyo Co (TSE:7122) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,991.07, compared to a current price of 円2,436.00 — trading 22.3% above its estimated fair value. The current Graham Number is 円4,167.69. Kinki Sharyo Co's overall GF Score™ is 63/100 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 Kinki Sharyo Co (TSE:7122), the current Graham Number is 円4,167.69 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 Kinki Sharyo Co (TSE:7122) Overvalued in 2026?
Based on GuruFocus' analysis, Kinki Sharyo Co stock appears to be overvalued.
The current stock price of 円2,436.00 is trading 22.3% above its estimated GF Value™ of 円1,991.07.
GuruFocus considers Kinki Sharyo Co to be Modestly Overvalued.
Key valuation signals for TSE:7122:
Graham Number: 円4,167.69
GF Value™: 円1,991.07 vs. price of 円2,436.00 (22.3% above fair value)
No single metric tells the full story. See the TSE:7122 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinki Sharyo Co Ltd is a Japan-based company engaged in the manufacturing of rolling stock for its rail transit division. The company operates through two segments namely Rolling stock and Lease of real estate. Additionally, it offers bullet, limited express, and commuter trains, and light rail vehicles as well as low floor light rail vehicles, passenger cars, and electric cars.
63GF Score
Get the complete analysis for TSE:7122
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:7122 has been successfully added to your 
