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Sankyo KaseiTSE:8138 74 Graham Number is 円11,624.39 as of Mar. 2026. GuruFocus rates TSE:8138 with a GF Score™ of 74/100 and a GF Value™ of 円3,466.23 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 1,206 Chemicals companies, Sankyo Kasei ranks better than 95.85% 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 (2026-08-31), the stock price of Sankyo Kasei is 円4240.00. Sankyo Kasei's graham number for the quarter that ended in Mar. 2026 was 円11,624.39. Therefore, Sankyo Kasei's Price to Graham Number ratio for today is 0.36.
The historical rank and industry rank for Sankyo Kasei's Graham Number or its related term are showing as below:
TSE:8138'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36 Med: 0.54 Max: 1
Current: 0.36
During the past 13 years, the highest Price to Graham Number ratio of Sankyo Kasei was 1.00. The lowest was 0.36. And the median was 0.54.
TSE:8138's Price-to-Graham-Number is ranked better than 95.85% of 1206
companies
in the Chemicals industry
Industry Median: 1.44
vs TSE:8138: 0.36
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Sankyo Kasei's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
4240.00
/
11,797.92
=
0.36
* 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.
Sankyo Kasei Graham Number Related Terms
Sankyo Kasei Graham Number Historical Data
* Premium members only.
The historical data trend for Sankyo Kasei'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:8138 vs LIN, SHW, ECL: Graham Number Comparison
For the Specialty Chemicals subindustry, Sankyo Kasei'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.
Sankyo Kasei Price-to-Graham-Number vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Sankyo Kasei's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Sankyo Kasei'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.
Sankyo Kasei (TSE:8138) has a Graham Number of 円11,624.39 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Sankyo Kasei and its competitors. According to the industry distribution chart, Sankyo Kasei ranks #50 out of 1206 companies in the Chemicals industry, placing it in the top 4.1%.
Is Sankyo Kasei's Graham Number too high?
Sankyo Kasei's current Graham Number is 円11,624.39. Based on the distribution chart, Sankyo Kasei ranks #50 out of 1206 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Sankyo Kasei has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Sankyo Kasei's Graham Number compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sankyo Kasei ranks #50 out of 1206 companies for Graham Number. This places Sankyo Kasei in the top 4% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.44. 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 1.44, based on 1,206 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 Sankyo Kasei and its competitors. For the Chemicals industry, the median Graham Number is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sankyo Kasei's current Graham Number is 円11,624.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sankyo Kasei stock overvalued right now?
Based on GuruFocus' analysis, Sankyo Kasei (TSE:8138) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,466.23, compared to a current price of 円4,240.00 — trading 22.3% above its estimated fair value. The current Graham Number is 円11,624.39. Sankyo Kasei's overall GF Score™ is 74/100 with 1 warning sign 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 Sankyo Kasei (TSE:8138), the current Graham Number is 円11,624.39 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 Sankyo Kasei (TSE:8138) Overvalued in 2026?
Based on GuruFocus' analysis, Sankyo Kasei stock appears to be overvalued.
The current stock price of 円4,240.00 is trading 22.3% above its estimated GF Value™ of 円3,466.23.
GuruFocus considers Sankyo Kasei to be Modestly Overvalued.
Key valuation signals for TSE:8138:
Graham Number: 円11,624.39
GF Value™: 円3,466.23 vs. price of 円4,240.00 (22.3% above fair value)
No single metric tells the full story. See the TSE:8138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sankyo Kasei Corp manufactures and markets industrial chemicals, synthetic resins, pigments, paints, poisons, dyes and dyeing auxiliaries. It also imports and exports building materials, electrical equipment and parts, machinery, tools and other general goods. The company has two segments: Science Business and Building Material Business. The company generates the majority of its revenue from the Science Business.
74GF Score
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