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.
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.
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 (2026-09-07), the stock price of Izumi Co is 円1005.00. Izumi Co's graham number for the quarter that ended in May. 2026 was 円1,447.97. Therefore, Izumi Co's Price to Graham Number ratio for today is 0.69.
The historical rank and industry rank for Izumi Co's Graham Number or its related term are showing as below:
TSE:8273'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.56 Med: 0.78 Max: 1.59
Current: 0.7
During the past 13 years, the highest Price to Graham Number ratio of Izumi Co was 1.59. The lowest was 0.56. And the median was 0.78.
TSE:8273's Price-to-Graham-Number is ranked better than 78.04% of 765
companies
in the Retail - Cyclical industry
Industry Median: 1.24
vs TSE:8273: 0.70
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.
Izumi Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: May. 2026 )
=
1005.00
/
1,447.97
=
0.69
* 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.
Izumi Co Graham Number Related Terms
Izumi Co Graham Number Historical Data
* Premium members only.
The historical data trend for Izumi 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 Department Stores subindustry, Izumi 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.
Izumi Co Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Izumi Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Izumi 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.
Izumi Co (TSE:8273) has a Graham Number of 円1,447.97 as of May. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Izumi Co and its competitors. According to the industry distribution chart, Izumi Co ranks #168 out of 765 companies in the Retail - Cyclical industry, placing it in the top 22%.
Is Izumi Co's Graham Number too high?
Izumi Co's current Graham Number is 円1,447.97. Based on the distribution chart, Izumi Co ranks #168 out of 765 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Izumi Co has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Izumi Co's Graham Number compare to DDS?
According to the Retail - Cyclical industry distribution chart, Izumi Co ranks #168 out of 765 companies for Graham Number. This places Izumi Co in the top 22% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.24. 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 1.24, 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 Izumi Co and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Izumi Co's current Graham Number is 円1,447.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Izumi Co stock overvalued right now?
Based on GuruFocus' analysis, Izumi Co (TSE:8273) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,274.32, compared to a current price of 円1,005.00 — trading 21.1% below its estimated fair value. The current Graham Number is 円1,447.97. Izumi Co's overall GF Score™ is 68/100 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 Izumi Co (TSE:8273), the current Graham Number is 円1,447.97 as of May. 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 Izumi Co (TSE:8273) Overvalued in 2026?
Based on GuruFocus' analysis, Izumi Co stock appears to be undervalued.
The current stock price of 円1,005.00 is trading 21.1% below its estimated GF Value™ of 円1,274.32.
GuruFocus considers Izumi Co to be Modestly Undervalued.
Key valuation signals for TSE:8273:
Graham Number: 円1,447.97
GF Value™: 円1,274.32 vs. price of 円1,005.00 (21.1% below fair value)
No single metric tells the full story. See the TSE:8273 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Izumi Co Ltd is engaged in operating shopping centres, general merchandising stores, clothing, household goods, and food products. The majority of the stores are located in the Kyushu, Chugoku, and Shikoku regions of Japan. The company operates through segments including retail, retail-related businesses, and other. The retail segment operates through shopping centres. The retail-related businesses are credit-based, it involves operations that complement retail businesses, such as handling and managing product handling. The other segment includes wholesale and real estate operations.
68GF Score
Get the complete analysis for TSE:8273
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8273 has been successfully added to your 
