Moonbat Co (TSE:8115) Graham Number: 円1,880.32 (As of Mar. 2026) — 329781% Above Median

Author: Vera Yuan Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
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:8115 Moonbat Co Ltd TSE:8115
72 GF Score
Price 円1,325.00
GF Value 円990.97
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Moonbat Co Graham Number?

Moonbat Co TSE:8115 +0.76% 72 Graham Number is 円1,880.32 as of Mar. 2026, which is 100% below its 10-year median of 0.57. GuruFocus rates TSE:8115 with a GF Score™ of 72/100 and a GF Value™ of 円990.97 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 726 Manufacturing - Apparel & Accessories companies, Moonbat Co ranks better than 65.43% 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 (2026-08-24), the stock price of Moonbat Co is 円1325.00. Moonbat Co's graham number for the quarter that ended in Mar. 2026 was 円1,880.32. Therefore, Moonbat Co's Price to Graham Number ratio for today is 0.79.

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

TSE:8115' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.44   Med: 0.57   Max: 0.81
Current: 0.76

During the past 13 years, the highest Price to Graham Number ratio of Moonbat Co was 0.81. The lowest was 0.44. And the median was 0.57.

TSE:8115's Price-to-Graham-Number is ranked better than
65.43% of 726 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.045 vs TSE:8115: 0.76

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


Moonbat Co  (TSE:8115) 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.

Moonbat Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=1325.00/1,683.58
=0.79

* 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.


Moonbat Co Graham Number Related Terms


Moonbat Co Graham Number Historical Data

* Premium members only.

The historical data trend for Moonbat 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.

Moonbat Co Graham Number Chart

Moonbat Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 767.19 1,756.30 1,747.96 1,900.31

Moonbat Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 Premium Member Only Premium Member Only 2,579.17 2,139.87 1,902.72 1,880.32 1,726.42

TSE:8115 vs NKE, DECK, ONON: Graham Number Comparison

For the Footwear & Accessories subindustry, Moonbat 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.


Moonbat Co Price-to-Graham-Number vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Moonbat Co's Price-to-Graham-Number distribution charts can be found below:

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


TSE:8115
72GF Score
Moonbat Co Ltd TSE:8115
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Moonbat Co Graham Number Calculation

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

Moonbat Co's Graham Number for the fiscal year that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1221.679*131.374)
=1,900.31

Moonbat Co's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*1221.679*103.117)
=1,683.58

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of 円1,880.32 mean?
Moonbat Co (TSE:8115) has a Graham Number of 円1,880.32 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Moonbat Co and its competitors. This is 329781% above median its historical median of 0.57. Over the past decade, Moonbat Co's Graham Number has ranged from 0.44 to 0.81. According to the industry distribution chart, Moonbat Co ranks #251 out of 726 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 34.6%.
Is Moonbat Co's Graham Number too high?
Moonbat Co's current Graham Number of 円1,880.32 is 329781% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 0.81. Based on the distribution chart, Moonbat Co ranks #251 out of 726 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Moonbat Co has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Moonbat Co's Graham Number compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Moonbat Co ranks #251 out of 726 companies for Graham Number. This puts Moonbat Co in the upper half of its industry. The industry median Graham Number is 1.05. Historically, Moonbat Co's own Graham Number has ranged from 0.44 to 0.81 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 Manufacturing - Apparel & Accessories company?
The median Graham Number among Manufacturing - Apparel & Accessories companies is 1.05, based on 726 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 Moonbat Co and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Graham Number is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Moonbat Co's current Graham Number is 円1,880.32, which is 329781% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Moonbat Co stock overvalued right now?
Based on GuruFocus' analysis, Moonbat Co (TSE:8115) is currently considered Significantly Overvalued. The stock's GF Value™ is 円990.97, compared to a current price of 円1,325.00 — trading 33.7% above its estimated fair value. The current Graham Number is 円1,880.32, which is 329781% above median its 10-year median of 0.57. Moonbat Co's overall GF Score™ is 72/100 with 2 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 Moonbat Co (TSE:8115), the current Graham Number is 円1,880.32 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 Moonbat Co (TSE:8115) Overvalued in 2026?

Based on GuruFocus' analysis, Moonbat Co stock appears to be overvalued. The current stock price of 円1,325.00 is trading 33.7% above its estimated GF Value™ of 円990.97. GuruFocus considers Moonbat Co to be Significantly Overvalued.

Key valuation signals for TSE:8115:

  • Graham Number: 円1,880.32 (329781% above median its 10-year median of 0.57)
  • GF Value™: 円990.97 vs. price of 円1,325.00 (33.7% above fair value)
  • GF Score™: 72/100 with 2 warning signs

No single metric tells the full story. See the TSE:8115 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Moonbat Co Business Description

Address 493 Torihokocho, Shijo-soon, Shimogyo-ku, Muromachi-shi, Kyoto, JPN, 600 8491
Moonbat Co Ltd is a Japan-based fashion company. It is engaged in the manufacturing, importing, purchasing, and selling of fashion accessory products. The organization mainly offers products in the categories of clothing, umbrellas, furs, and hats. The clothing products include silk scarves, cashmere stalls and mufflers, among others. The company generates the majority of its sales from the Umbrellas and Rain Gear Category.
72GF Score

Get the complete analysis for TSE:8115

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

円1,325.00
Price
円990.97
GF Value