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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.
As of today (2026-08-25), the stock price of Trusco Nakayama is 円2364.00. Trusco Nakayama's graham number for the quarter that ended in Jun. 2026 was 円3,384.09. Therefore, Trusco Nakayama's Price to Graham Number ratio for today is 0.60.
The historical rank and industry rank for Trusco Nakayama's Graham Number or its related term are showing as below:
TSE:9830'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.55 Med: 1 Max: 1.36
Current: 0.7
During the past 13 years, the highest Price to Graham Number ratio of Trusco Nakayama was 1.36. The lowest was 0.55. And the median was 1.00.
TSE:9830's Price-to-Graham-Number is ranked better than 69.17% of 120
companies
in the Industrial Distribution industry
Industry Median: 0.95
vs TSE:9830: 0.70
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Trusco Nakayama (TSE:9830) 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.
Trusco Nakayama's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
2364.00
/
3,918.94
=
0.60
* 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.
Trusco Nakayama Graham Number Related Terms
Trusco Nakayama Graham Number Historical Data
* Premium members only.
The historical data trend for Trusco Nakayama'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:9830 vs GWW, FAST, FERG: Graham Number Comparison
For the Industrial Distribution subindustry, Trusco Nakayama'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.
Trusco Nakayama Price-to-Graham-Number vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Trusco Nakayama's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Trusco Nakayama'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.
Trusco Nakayama (TSE:9830) has a Graham Number of 円3,384.09 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Trusco Nakayama and its competitors. According to the industry distribution chart, Trusco Nakayama ranks #37 out of 120 companies in the Industrial Distribution industry, placing it in the top 30.8%.
Is Trusco Nakayama's Graham Number too high?
Trusco Nakayama's current Graham Number is 円3,384.09. Based on the distribution chart, Trusco Nakayama ranks #37 out of 120 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Trusco Nakayama has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Trusco Nakayama's Graham Number compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Trusco Nakayama ranks #37 out of 120 companies for Graham Number. This puts Trusco Nakayama in the upper half of its industry. The industry median Graham Number is 0.95. 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 Industrial Distribution company?
The median Graham Number among Industrial Distribution companies is 0.95, based on 120 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 Trusco Nakayama and its competitors. For the Industrial Distribution industry, the median Graham Number is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Trusco Nakayama's current Graham Number is 円3,384.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trusco Nakayama stock overvalued right now?
Based on GuruFocus' analysis, Trusco Nakayama (TSE:9830) is currently considered Fairly Valued. The stock's GF Value™ is 円2,199.10, compared to a current price of 円2,364.00 — trading 7.5% above its estimated fair value. The current Graham Number is 円3,384.09. Trusco Nakayama's overall GF Score™ is 89/100 with 6 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 Trusco Nakayama (TSE:9830), the current Graham Number is 円3,384.09 as of Jun. 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 Trusco Nakayama (TSE:9830) Overvalued in 2026?
Based on GuruFocus' analysis, Trusco Nakayama stock appears to be overvalued.
The current stock price of 円2,364.00 is trading 7.5% above its estimated GF Value™ of 円2,199.10.
GuruFocus considers Trusco Nakayama to be Fairly Valued.
Key valuation signals for TSE:9830:
Graham Number: 円3,384.09
GF Value™: 円2,199.10 vs. price of 円2,364.00 (7.5% above fair value)
No single metric tells the full story. See the TSE:9830 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Trusco Nakayama Corp is a Japanese wholesaler of tools to the manufacturing industry. The company engages in the wholesale of machine tools, distribution of equipment and environmental safety equipment, consumables, and furniture and fixtures. The products are sold to machinery tools dealers, online shops, and home centers. End clients include manufacturers, general consumers, and construction-related businesses. The company sells its wholesale products in Japan.
89GF Score
Get the complete analysis for TSE:9830
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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