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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.
As of today (2026-08-25), the stock price of Estelle Holdings Co is 円616.00. Estelle Holdings Co's graham number for the quarter that ended in Mar. 2026 was 円850.67. Therefore, Estelle Holdings Co's Price to Graham Number ratio for today is 0.46.
The historical rank and industry rank for Estelle Holdings Co's Graham Number or its related term are showing as below:
TSE:7872'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.42 Med: 0.61 Max: 1.82
Current: 0.47
During the past 13 years, the highest Price to Graham Number ratio of Estelle Holdings Co was 1.82. The lowest was 0.42. And the median was 0.61.
TSE:7872's Price-to-Graham-Number is ranked better than 89.67% of 765
companies
in the Retail - Cyclical industry
Industry Median: 1.23
vs TSE:7872: 0.47
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Estelle Holdings Co (TSE:7872) 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.
Estelle Holdings Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
616.00
/
1,337.97
=
0.46
* 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.
Estelle Holdings Co Graham Number Related Terms
Estelle Holdings Co Graham Number Historical Data
* Premium members only.
The historical data trend for Estelle Holdings 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.
For the Luxury Goods subindustry, Estelle Holdings 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.
Estelle Holdings Co Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Estelle Holdings Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Estelle Holdings 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.
Estelle Holdings Co (TSE:7872) has a Graham Number of 円850.67 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Estelle Holdings Co and its competitors. According to the industry distribution chart, Estelle Holdings Co ranks #79 out of 765 companies in the Retail - Cyclical industry, placing it in the top 10.3%.
Is Estelle Holdings Co's Graham Number too high?
Estelle Holdings Co's current Graham Number is 円850.67. Based on the distribution chart, Estelle Holdings Co ranks #79 out of 765 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Estelle Holdings Co has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Estelle Holdings Co's Graham Number compare to TPR?
According to the Retail - Cyclical industry distribution chart, Estelle Holdings Co ranks #79 out of 765 companies for Graham Number. This places Estelle Holdings Co in the top 10% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.23. 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.23, based on 765 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 Estelle Holdings Co and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Estelle Holdings Co's current Graham Number is 円850.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Estelle Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Estelle Holdings Co (TSE:7872) is currently considered Modestly Undervalued. The stock's GF Value™ is 円690.86, compared to a current price of 円616.00 — trading 10.8% below its estimated fair value. The current Graham Number is 円850.67. Estelle Holdings Co's overall GF Score™ is 63/100 with 5 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 Estelle Holdings Co (TSE:7872), the current Graham Number is 円850.67 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 Estelle Holdings Co (TSE:7872) Overvalued in 2026?
Based on GuruFocus' analysis, Estelle Holdings Co stock appears to be undervalued.
The current stock price of 円616.00 is trading 10.8% below its estimated GF Value™ of 円690.86.
GuruFocus considers Estelle Holdings Co to be Modestly Undervalued.
Key valuation signals for TSE:7872:
Graham Number: 円850.67
GF Value™: 円690.86 vs. price of 円616.00 (10.8% below fair value)
No single metric tells the full story. See the TSE:7872 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Estelle Holdings Co Ltd manufactures, processes and sells precious metals and gems. The company offers rings, bracelets, piercing jewelry, earrings, and accessories and eyeglasses, among others. It operates chain of stores. It also engaged in the cosmetics business, accessory, clothing, and eye wear business.
63GF Score
Get the complete analysis for TSE:7872
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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