Kitazawangyo Co (TSE:9930) Graham Number: 円336.00 (As of Mar. 2026) — 44700% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

TSE:9930 Kitazawa Sangyo Co Ltd TSE:9930
70 GF Score
Price 円402.00
GF Value 円300.16
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Kitazawangyo Co Graham Number?

Kitazawangyo Co TSE:9930 -3.83% 70 Graham Number is 円336.00 as of Mar. 2026, which is 100% below its 10-year median of 0.75. GuruFocus rates TSE:9930 with a GF Score™ of 70/100 and a GF Value™ of 円300.16 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 2,229 Industrial Products companies, Kitazawangyo Co ranks better than 64.29% 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 Kitazawangyo Co is 円402.00. Kitazawangyo Co's graham number for the quarter that ended in Mar. 2026 was 円336.00. Therefore, Kitazawangyo Co's Price to Graham Number ratio for today is 1.25.

The historical rank and industry rank for Kitazawangyo Co's Graham Number or its related term are showing as below:

TSE:9930' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.56   Med: 0.75   Max: 16.68
Current: 1.26

During the past 13 years, the highest Price to Graham Number ratio of Kitazawangyo Co was 16.68. The lowest was 0.56. And the median was 0.75.

TSE:9930's Price-to-Graham-Number is ranked better than
64.29% of 2229 companies
in the Industrial Products industry
Industry Median: 1.76 vs TSE:9930: 1.26

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Kitazawangyo Co  (TSE:9930) 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.

Kitazawangyo Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=402.00/321.37
=1.25

* 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.


Kitazawangyo Co Graham Number Related Terms


Kitazawangyo Co Graham Number Historical Data

* Premium members only.

The historical data trend for Kitazawangyo 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.

Kitazawangyo Co Graham Number Chart

Kitazawangyo Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 325.87 515.00 641.05 618.93 336.02

Kitazawangyo Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 312.38 166.87 162.06 336.00 318.69

TSE:9930 vs GEV, ETN, PH: Graham Number Comparison

For the Specialty Industrial Machinery subindustry, Kitazawangyo 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.


Kitazawangyo Co Price-to-Graham-Number vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Kitazawangyo Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Kitazawangyo Co's Price-to-Graham-Number falls into.


TSE:9930
70GF Score
Kitazawa Sangyo Co Ltd TSE:9930
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kitazawangyo Co Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Kitazawangyo Co's Graham Number for the fiscal year that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*576.811*8.7)
=336.02

Kitazawangyo Co's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*576.811*7.958)
=321.37

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of 円336.00 mean?
Kitazawangyo Co (TSE:9930) has a Graham Number of 円336.00 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Kitazawangyo Co and its competitors. This is 44700% above median its historical median of 0.75. Over the past decade, Kitazawangyo Co's Graham Number has ranged from 0.56 to 16.68. According to the industry distribution chart, Kitazawangyo Co ranks #796 out of 2229 companies in the Industrial Products industry, placing it in the top 35.7%.
Is Kitazawangyo Co's Graham Number too high?
Kitazawangyo Co's current Graham Number of 円336.00 is 44700% above median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 16.68. Based on the distribution chart, Kitazawangyo Co ranks #796 out of 2229 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Kitazawangyo Co has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kitazawangyo Co's Graham Number compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Kitazawangyo Co ranks #796 out of 2229 companies for Graham Number. This puts Kitazawangyo Co in the upper half of its industry. The industry median Graham Number is 1.76. Historically, Kitazawangyo Co's own Graham Number has ranged from 0.56 to 16.68 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 an Industrial Products company?
The median Graham Number among Industrial Products companies is 1.76, based on 2,229 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 Kitazawangyo Co and its competitors. For the Industrial Products industry, the median Graham Number is 1.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kitazawangyo Co's current Graham Number is 円336.00, which is 44700% above median its own 10-year median of 0.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kitazawangyo Co stock overvalued right now?
Based on GuruFocus' analysis, Kitazawangyo Co (TSE:9930) is currently considered Significantly Overvalued. The stock's GF Value™ is 円300.16, compared to a current price of 円402.00 — trading 33.9% above its estimated fair value. The current Graham Number is 円336.00, which is 44700% above median its 10-year median of 0.75. Kitazawangyo Co's overall GF Score™ is 70/100 with 7 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 Kitazawangyo Co (TSE:9930), the current Graham Number is 円336.00 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 Kitazawangyo Co (TSE:9930) Overvalued in 2026?

Based on GuruFocus' analysis, Kitazawangyo Co stock appears to be overvalued. The current stock price of 円402.00 is trading 33.9% above its estimated GF Value™ of 円300.16. GuruFocus considers Kitazawangyo Co to be Significantly Overvalued.

Key valuation signals for TSE:9930:

  • Graham Number: 円336.00 (44700% above median its 10-year median of 0.75)
  • GF Value™: 円300.16 vs. price of 円402.00 (33.9% above fair value)
  • GF Score™: 70/100 with 7 warning signs

No single metric tells the full story. See the TSE:9930 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kitazawangyo Co Business Description

Address 23-10 2-chome, Higashi, Tokyo, JPN
Kitazawa Sangyo Co Ltd is a Japanese firm. It is engaged in sales of food processing machines, Cooking equipment, Confectionery, bakery equipment, Kitchen facility design. Its service line handling product includes Scherrer coffee break, Espresso machine, Brewer, Coffee mill, Watercooler, Ice Slicer.
70GF Score

Get the complete analysis for TSE:9930

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円402.00
Price
円300.16
GF Value