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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.
The historical rank and industry rank for Kintetsu Department Store Co's Graham Number or its related term are showing as below:
TSE:8244'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.12 Med: 2.03 Max: 3.45
Current: 1.17
During the past 13 years, the highest Price to Graham Number ratio of Kintetsu Department Store Co was 3.45. The lowest was 1.12. And the median was 2.03.
TSE:8244's Price-to-Graham-Number is ranked better than 52.36% of 764
companies
in the Retail - Cyclical industry
Industry Median: 1.225
vs TSE:8244: 1.17
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Kintetsu Department Store Co (TSE:8244) 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.
Kintetsu Department Store Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Feb. 2026 )
=
2008.00
/
1,699.03
=
1.18
* 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.
Kintetsu Department Store Co Graham Number Related Terms
Kintetsu Department Store Co Graham Number Historical Data
* 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 Department Stores subindustry, Kintetsu Department Store 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.
Kintetsu Department Store Co Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Kintetsu Department Store Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Kintetsu Department Store 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.
Kintetsu Department Store Co (TSE:8244) has a Graham Number of 円1,629.56 as of Feb. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kintetsu Department Store Co and its competitors. According to the industry distribution chart, Kintetsu Department Store Co ranks #364 out of 764 companies in the Retail - Cyclical industry, placing it in the top 47.6%.
Is Kintetsu Department Store Co's Graham Number too high?
Kintetsu Department Store Co's current Graham Number is 円1,629.56. Based on the distribution chart, Kintetsu Department Store Co ranks #364 out of 764 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Kintetsu Department Store Co has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kintetsu Department Store Co's Graham Number compare to DDS?
According to the Retail - Cyclical industry distribution chart, Kintetsu Department Store Co ranks #364 out of 764 companies for Graham Number. This puts Kintetsu Department Store Co in the upper half of its industry. 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 764 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 Kintetsu Department Store 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. Kintetsu Department Store Co's current Graham Number is 円1,629.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kintetsu Department Store Co stock overvalued right now?
Based on GuruFocus' analysis, Kintetsu Department Store Co (TSE:8244) is currently considered Modestly Undervalued. The stock's GF Value™ is 円2,459.30, compared to a current price of 円2,008.00 — trading 18.4% below its estimated fair value. The current Graham Number is 円1,629.56. Kintetsu Department Store Co's overall GF Score™ is 69/100 with 4 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 Kintetsu Department Store Co (TSE:8244), the current Graham Number is 円1,629.56 as of Feb. 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 Kintetsu Department Store Co (TSE:8244) Overvalued in 2026?
Based on GuruFocus' analysis, Kintetsu Department Store Co stock appears to be undervalued.
The current stock price of 円2,008.00 is trading 18.4% below its estimated GF Value™ of 円2,459.30.
GuruFocus considers Kintetsu Department Store Co to be Modestly Undervalued.
Key valuation signals for TSE:8244:
Graham Number: 円1,629.56
GF Value™: 円2,459.30 vs. price of 円2,008.00 (18.4% below fair value)
No single metric tells the full story. See the TSE:8244 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kintetsu Department Store Co Ltd is principally engaged in operating department store business in the Kansai region of Japan. The company offers a broad range of merchandise, including apparel, cosmetics, medicine, jewelry, accessories, travel goods, household electric appliances, and other. Kintetsu Department Store provides complementary functions, including restaurants, coffee shops, and other services, like hotel delivery service, home delivery service, luggage storage, sightseeing information services, and other.
69GF Score
Get the complete analysis for TSE:8244
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