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.
Saibu Gas Holdings CoTSE:9536 +0.12%43 Graham Number is 円3,619.13 as of Mar. 2026. GuruFocus rates TSE:9536 with a GF Score™ of 43/100. The stock has 8 warning signs investors should review. Among 403 Utilities - Regulated companies, Saibu Gas Holdings Co ranks better than 78.91% 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 (2026-08-25), the stock price of Saibu Gas Holdings Co is 円2476.00. Saibu Gas Holdings Co's graham number for the quarter that ended in Mar. 2026 was 円3,619.13. Therefore, Saibu Gas Holdings Co's Price to Graham Number ratio for today is 0.63.
The historical rank and industry rank for Saibu Gas Holdings Co's Graham Number or its related term are showing as below:
TSE:9536'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.51 Med: 0.96 Max: 3.44
Current: 0.61
During the past 13 years, the highest Price to Graham Number ratio of Saibu Gas Holdings Co was 3.44. The lowest was 0.51. And the median was 0.96.
TSE:9536's Price-to-Graham-Number is ranked better than 78.91% of 403
companies
in the Utilities - Regulated industry
Industry Median: 1.15
vs TSE:9536: 0.61
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Saibu Gas Holdings Co (TSE:9536) 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.
Saibu Gas Holdings Co's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
2476.00
/
3,953.86
=
0.63
* 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.
Saibu Gas Holdings Co Graham Number Related Terms
Saibu Gas Holdings Co Graham Number Historical Data
* Premium members only.
The historical data trend for Saibu Gas Holdings 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 Utilities - Regulated Gas subindustry, Saibu Gas Holdings 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.
Saibu Gas Holdings Co Price-to-Graham-Number vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Saibu Gas Holdings Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Saibu Gas Holdings 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.
Saibu Gas Holdings Co (TSE:9536) has a Graham Number of 円3,619.13 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Saibu Gas Holdings Co and its competitors. According to the industry distribution chart, Saibu Gas Holdings Co ranks #85 out of 403 companies in the Utilities - Regulated industry, placing it in the top 21.1%.
Is Saibu Gas Holdings Co's Graham Number too high?
Saibu Gas Holdings Co's current Graham Number is 円3,619.13. Based on the distribution chart, Saibu Gas Holdings Co ranks #85 out of 403 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Saibu Gas Holdings Co has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Saibu Gas Holdings Co's Graham Number compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Saibu Gas Holdings Co ranks #85 out of 403 companies for Graham Number. This places Saibu Gas Holdings Co in the top 21% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.15. 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 an Utilities - Regulated company?
The median Graham Number among Utilities - Regulated companies is 1.15, based on 403 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 Saibu Gas Holdings Co and its competitors. For the Utilities - Regulated industry, the median Graham Number is 1.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saibu Gas Holdings Co's current Graham Number is 円3,619.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saibu Gas Holdings Co stock overvalued right now?
Saibu Gas Holdings Co (TSE:9536) has a current Graham Number of 円3,619.13. The current Graham Number is 円3,619.13. Saibu Gas Holdings Co's overall GF Score™ is 43/100 with 8 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 Saibu Gas Holdings Co (TSE:9536), the current Graham Number is 円3,619.13 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.
Saibu Gas Holdings Co Ltd is a Japanese natural gas utility that produces, supplies, and sells natural gas and petroleum products. The company segments its operations into gas, liquefied petroleum gas, real estate, and "other" business units. The company primarily distributes and sells natural gas and LPG in the Fukuoka and Kitakyushu areas in the northern part of the Japanese island of Kyushu. Saibu sells gas and liquefied natural gas products to a variety of utility and industrial customers through long-term agreements. The company also is involved in the heating, gas equipment, and photovoltaic power generation business through its other activities.
43GF Score
Get the complete analysis for TSE:9536
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:9536 has been successfully added to your 
