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Nishio Holdings CoTSE:9699 +0.11%76 Graham Number is 円7,921.45 as of Mar. 2026, which is 100% below its 10-year median of 0.61. GuruFocus rates TSE:9699 with a GF Score™ of 76/100 and a GF Value™ of 円4,650.47 (Fairly Valued). The stock has 4 warning signs investors should review. Among 700 Business Services companies, Nishio Holdings Co ranks better than 86.29% 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 (2026-08-22), the stock price of Nishio Holdings Co is 円4620.00. Nishio Holdings Co's graham number for the quarter that ended in Mar. 2026 was 円7,921.45. Therefore, Nishio Holdings Co's Price to Graham Number ratio for today is 0.58.
The historical rank and industry rank for Nishio Holdings Co's Graham Number or its related term are showing as below:
TSE:9699'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.43 Med: 0.61 Max: 0.93
Current: 0.58
During the past 13 years, the highest Price to Graham Number ratio of Nishio Holdings Co was 0.93. The lowest was 0.43. And the median was 0.61.
TSE:9699's Price-to-Graham-Number is ranked better than 86.29% of 700
companies
in the Business Services industry
Industry Median: 1.175
vs TSE:9699: 0.58
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Nishio Holdings Co (TSE:9699) 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.
Nishio 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 )
=
4620.00
/
7,921.45
=
0.58
* 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.
Nishio Holdings Co Graham Number Related Terms
Nishio Holdings Co Graham Number Historical Data
* Premium members only.
The historical data trend for Nishio 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.
TSE:9699 vs URI, SUNB, AER: Graham Number Comparison
For the Rental & Leasing Services subindustry, Nishio 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.
Nishio Holdings Co Price-to-Graham-Number vs Business Services Industry
For the Business Services industry and Industrials sector, Nishio Holdings Co's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Nishio 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.
Nishio Holdings Co (TSE:9699) has a Graham Number of 円7,921.45 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Nishio Holdings Co and its competitors. This is 1298498% above median its historical median of 0.61. Over the past decade, Nishio Holdings Co's Graham Number has ranged from 0.43 to 0.93. According to the industry distribution chart, Nishio Holdings Co ranks #96 out of 700 companies in the Business Services industry, placing it in the top 13.7%.
Is Nishio Holdings Co's Graham Number too high?
Nishio Holdings Co's current Graham Number of 円7,921.45 is 1298498% above median its 10-year median of 0.61. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.93. Based on the distribution chart, Nishio Holdings Co ranks #96 out of 700 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Nishio Holdings Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nishio Holdings Co's Graham Number compare to URI and SUNB?
According to the Business Services industry distribution chart, Nishio Holdings Co ranks #96 out of 700 companies for Graham Number. This places Nishio Holdings Co in the top 14% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.18. Historically, Nishio Holdings Co's own Graham Number has ranged from 0.43 to 0.93 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 Business Services company?
The median Graham Number among Business Services companies is 1.18, based on 700 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 Nishio Holdings Co and its competitors. For the Business Services industry, the median Graham Number is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nishio Holdings Co's current Graham Number is 円7,921.45, which is 1298498% above median its own 10-year median of 0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nishio Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nishio Holdings Co (TSE:9699) is currently considered Fairly Valued. The stock's GF Value™ is 円4,650.47, compared to a current price of 円4,620.00 — trading 0.7% below its estimated fair value. The current Graham Number is 円7,921.45, which is 1298498% above median its 10-year median of 0.61. Nishio Holdings Co's overall GF Score™ is 76/100 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 Nishio Holdings Co (TSE:9699), the current Graham Number is 円7,921.45 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 Nishio Holdings Co (TSE:9699) Overvalued in 2026?
Based on GuruFocus' analysis, Nishio Holdings Co stock appears to be undervalued.
The current stock price of 円4,620.00 is trading 0.7% below its estimated GF Value™ of 円4,650.47.
GuruFocus considers Nishio Holdings Co to be Fairly Valued.
Key valuation signals for TSE:9699:
Graham Number: 円7,921.45 (1298498% above median its 10-year median of 0.61)
GF Value™: 円4,650.47 vs. price of 円4,620.00 (0.7% below fair value)
No single metric tells the full story. See the TSE:9699 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nishio Holdings Co Ltd is a provider of rental construction and industrial machinery. The company offers rental solutions for construction and industrial machinery, mounting and tunnelling machines for mining operations, and water purification and recycling equipment. The company, through its subsidiaries, also designs, manufactures, and repairs tunnelling machines and other special vehicles, such as special transfer locomotives and battery-driven vehicles at construction sites. The company operates in Asia.
76GF Score
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