Refinverse Group (TSE:7375) Graham Number: 円331.43 (As of Dec. 2025) — 8355% Above Median

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Vera Yuan
Vera Yuan
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:7375 Refinverse Group Inc TSE:7375
50 GF Score
Price 円1,221.00
GF Value 円909.99
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Refinverse Group Graham Number?

Refinverse Group TSE:7375 -3.71% 50 Graham Number is 円331.43 as of Dec. 2025, which is 100% below its 10-year median of 3.92. GuruFocus rates TSE:7375 with a GF Score™ of 50/100 and a GF Value™ of 円909.99 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,179 Chemicals companies, Refinverse Group ranks worse than 82.61% 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 Refinverse Group is 円1221.00. Refinverse Group's graham number for the quarter that ended in Dec. 2025 was 円331.43. Therefore, Refinverse Group's Price to Graham Number ratio for today is 3.72.

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

TSE:7375' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 2.45   Med: 3.92   Max: 12.02
Current: 3.34

During the past 4 years, the highest Price to Graham Number ratio of Refinverse Group was 12.02. The lowest was 2.45. And the median was 3.92.

TSE:7375's Price-to-Graham-Number is ranked worse than
82.61% of 1179 companies
in the Chemicals industry
Industry Median: 1.47 vs TSE:7375: 3.34

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


Refinverse Group  (TSE:7375) 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.

Refinverse Group's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Dec. 2025 )
=1221.00/328.23
=3.72

* 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.


Refinverse Group Graham Number Related Terms


Refinverse Group Graham Number Historical Data

* Premium members only.

The historical data trend for Refinverse Group'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.

Refinverse Group Graham Number Chart

Refinverse Group Annual Data
Trend Jun22 Jun23 Jun24 Jun25
Graham Number
455.15 0.00 0.00 282.84

Refinverse Group Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 205.17 296.86 286.00 331.43 365.42

TSE:7375 vs DOW: Graham Number Comparison

For the Chemicals subindustry, Refinverse Group'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.


Refinverse Group Price-to-Graham-Number vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Refinverse Group's Price-to-Graham-Number distribution charts can be found below:

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


TSE:7375
50GF Score
Refinverse Group Inc TSE:7375
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Refinverse Group Graham Number Calculation

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

Refinverse Group's Graham Number for the fiscal year that ended in Jun. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*73.158*48.6)
=282.84

Refinverse Group's Graham Number for the quarter that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*101.589*47.132)
=328.23

* 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331.43 mean?
Refinverse Group (TSE:7375) has a Graham Number of 円331.43 as of Dec. 2025. The Graham Number values a company based on its per-share earnings and book value. View historical data on Refinverse Group and its competitors. This is 8355% above median its historical median of 3.92. Over the past decade, Refinverse Group's Graham Number has ranged from 2.45 to 12.02. According to the industry distribution chart, Refinverse Group ranks #974 out of 1179 companies in the Chemicals industry, placing it in the top 82.6%.
Is Refinverse Group's Graham Number too high?
Refinverse Group's current Graham Number of 円331.43 is 8355% above median its 10-year median of 3.92. Over the past 10 years, this metric has ranged from a low of 2.45 to a high of 12.02. Based on the distribution chart, Refinverse Group ranks #974 out of 1179 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Refinverse Group has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Refinverse Group's Graham Number compare to DOW?
According to the Chemicals industry distribution chart, Refinverse Group ranks #974 out of 1179 companies for Graham Number. This places Refinverse Group in the lower half of its industry. The industry median Graham Number is 1.47. Historically, Refinverse Group's own Graham Number has ranged from 2.45 to 12.02 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 Chemicals company?
The median Graham Number among Chemicals companies is 1.47, based on 1,179 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 Refinverse Group and its competitors. For the Chemicals industry, the median Graham Number is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Refinverse Group's current Graham Number is 円331.43, which is 8355% above median its own 10-year median of 3.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Refinverse Group stock overvalued right now?
Based on GuruFocus' analysis, Refinverse Group (TSE:7375) is currently considered Significantly Overvalued. The stock's GF Value™ is 円909.99, compared to a current price of 円1,221.00 — trading 34.2% above its estimated fair value. The current Graham Number is 円331.43, which is 8355% above median its 10-year median of 3.92. Refinverse Group's overall GF Score™ is 50/100 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 Refinverse Group (TSE:7375), the current Graham Number is 円331.43 as of Dec. 2025. 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 Refinverse Group (TSE:7375) Overvalued in 2026?

Based on GuruFocus' analysis, Refinverse Group stock appears to be overvalued. The current stock price of 円1,221.00 is trading 34.2% above its estimated GF Value™ of 円909.99. GuruFocus considers Refinverse Group to be Significantly Overvalued.

Key valuation signals for TSE:7375:

  • Graham Number: 円331.43 (8355% above median its 10-year median of 3.92)
  • GF Value™: 円909.99 vs. price of 円1,221.00 (34.2% above fair value)
  • GF Score™: 50/100 with 3 warning signs

No single metric tells the full story. See the TSE:7375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Refinverse Group Business Description

Address 2-2-1 Yurakucho, Chiyoda-ku, Tokyo, JPN, 103-0013
Refinverse Group Inc is a material recycling company engaged in Recycled resin recycling and manufacturing. It operates in two reportable segments Materials Business accepts the disposal of used carpet tiles, which are used as raw materials for products, mainly in the Tokyo metropolitan area. Recycled resin produced by cutting or crushing used carpet tiles, used in automobile airbags Recycled resins are produced by cutting, cleaning, thermoplasticizing, and extruding scraps and used fishing nets from the manufacturing process; and Resource business is centered around the Tokyo metropolitan area and includes intermediate processing and recycling of industrial waste, as well as collection and transportation of industrial waste.
50GF Score

Get the complete analysis for TSE:7375

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,221.00
Price
円909.99
GF Value