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Hokuhoku Financial GroupTSE:8377 +2.02%48 Graham Number is 円8,072.96 as of Mar. 2026, which is 100% below its 10-year median of 0.32. GuruFocus rates TSE:8377 with a GF Score™ of 48/100 and a GF Value™ of 円3,021.12 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,427 Banks companies, Hokuhoku Financial Group ranks worse than 62.02% 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.
Hokuhoku Financial Group (TSE:8377) 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.
Hokuhoku Financial Group's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
8041.00
/
8,705.54
=
0.92
* 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.
Hokuhoku Financial Group Graham Number Related Terms
Hokuhoku Financial Group 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.
Hokuhoku Financial Group Graham Number Competitor Comparison
For the Banks - Regional subindustry, Hokuhoku Financial Group'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.
Hokuhoku Financial Group Price-to-Graham-Number vs Banks Industry
For the Banks industry and Financial Services sector, Hokuhoku Financial Group's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Hokuhoku Financial Group'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.
Hokuhoku Financial Group (TSE:8377) has a Graham Number of 円8,072.96 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hokuhoku Financial Group and its competitors. This is 2522700% above median its historical median of 0.32. Over the past decade, Hokuhoku Financial Group's Graham Number has ranged from 0.22 to 0.99. According to the industry distribution chart, Hokuhoku Financial Group ranks #885 out of 1427 companies in the Banks industry, placing it in the top 62%.
Is Hokuhoku Financial Group's Graham Number too high?
Hokuhoku Financial Group's current Graham Number of 円8,072.96 is 2522700% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.99. Based on the distribution chart, Hokuhoku Financial Group ranks #885 out of 1427 companies in the Banks industry, which is below the industry midpoint. Overall, Hokuhoku Financial Group has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokuhoku Financial Group's Graham Number compare to competitors?
According to the Banks industry distribution chart, Hokuhoku Financial Group ranks #885 out of 1427 companies for Graham Number. This places Hokuhoku Financial Group in the lower half of its industry. The industry median Graham Number is 0.80. Historically, Hokuhoku Financial Group's own Graham Number has ranged from 0.22 to 0.99 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 Banks company?
The median Graham Number among Banks companies is 0.80, based on 1,427 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 Hokuhoku Financial Group and its competitors. For the Banks industry, the median Graham Number is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokuhoku Financial Group's current Graham Number is 円8,072.96, which is 2522700% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokuhoku Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Hokuhoku Financial Group (TSE:8377) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,021.12, compared to a current price of 円8,041.00 — trading 166.2% above its estimated fair value. The current Graham Number is 円8,072.96, which is 2522700% above median its 10-year median of 0.32. Hokuhoku Financial Group's overall GF Score™ is 48/100 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 Hokuhoku Financial Group (TSE:8377), the current Graham Number is 円8,072.96 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 Hokuhoku Financial Group (TSE:8377) Overvalued in 2026?
Based on GuruFocus' analysis, Hokuhoku Financial Group stock appears to be overvalued.
The current stock price of 円8,041.00 is trading 166.2% above its estimated GF Value™ of 円3,021.12.
GuruFocus considers Hokuhoku Financial Group to be Significantly Overvalued.
Key valuation signals for TSE:8377:
Graham Number: 円8,072.96 (2522700% above median its 10-year median of 0.32)
GF Value™: 円3,021.12 vs. price of 円8,041.00 (166.2% above fair value)
No single metric tells the full story. See the TSE:8377 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokuhoku Financial Group Inc is a Japan-based company that is principally engaged in banking and the provision of other financial services. The company was established through the integration of Hokuriku Bank and Hokkaido Bank. The company operates mainly through the branch networks of Hokuriku Bank and Hokkaido Bank in certain areas of Japan. Its business is concentrated in Japan, with the majority of revenue generated from the domestic market. The company also has a business presence in overseas cities such as Shanghai, Shenyang, Dalian, Bangkok, Singapore, London, and New York.
48GF Score
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