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SugimotoTSE:9932 -0.30%77 Graham Number is 円2,029.61 as of Mar. 2026. GuruFocus rates TSE:9932 with a GF Score™ of 77/100 and a GF Value™ of 円1,537.92 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 120 Industrial Distribution companies, Sugimoto ranks better than 73.33% 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 (2026-08-27), the stock price of Sugimoto is 円1337.00. Sugimoto's graham number for the quarter that ended in Mar. 2026 was 円2,029.61. Therefore, Sugimoto's Price to Graham Number ratio for today is 0.63.
The historical rank and industry rank for Sugimoto's Graham Number or its related term are showing as below:
TSE:9932'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.5 Med: 0.59 Max: 0.71
Current: 0.62
During the past 13 years, the highest Price to Graham Number ratio of Sugimoto was 0.71. The lowest was 0.50. And the median was 0.59.
TSE:9932's Price-to-Graham-Number is ranked better than 73.33% of 120
companies
in the Industrial Distribution industry
Industry Median: 0.96
vs TSE:9932: 0.62
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Sugimoto's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
1337.00
/
2,130.77
=
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.
Sugimoto Graham Number Related Terms
Sugimoto Graham Number Historical Data
* Premium members only.
The historical data trend for Sugimoto'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:9932 vs GWW, FAST, FERG: Graham Number Comparison
For the Industrial Distribution subindustry, Sugimoto'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.
Sugimoto Price-to-Graham-Number vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Sugimoto's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Sugimoto'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.
Sugimoto (TSE:9932) has a Graham Number of 円2,029.61 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Sugimoto and its competitors. According to the industry distribution chart, Sugimoto ranks #32 out of 120 companies in the Industrial Distribution industry, placing it in the top 26.7%.
Is Sugimoto's Graham Number too high?
Sugimoto's current Graham Number is 円2,029.61. Based on the distribution chart, Sugimoto ranks #32 out of 120 companies in the Industrial Distribution industry, which is above the industry midpoint. Overall, Sugimoto has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sugimoto's Graham Number compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Sugimoto ranks #32 out of 120 companies for Graham Number. This puts Sugimoto in the upper half of its industry. The industry median Graham Number is 0.96. 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 0.96, 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 Sugimoto and its competitors. For the Industrial Distribution industry, the median Graham Number is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sugimoto's current Graham Number is 円2,029.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sugimoto stock overvalued right now?
Based on GuruFocus' analysis, Sugimoto (TSE:9932) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,537.92, compared to a current price of 円1,337.00 — trading 13.1% below its estimated fair value. The current Graham Number is 円2,029.61. Sugimoto's overall GF Score™ is 77/100 with 1 warning sign 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 Sugimoto (TSE:9932), the current Graham Number is 円2,029.61 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 Sugimoto (TSE:9932) Overvalued in 2026?
Based on GuruFocus' analysis, Sugimoto stock appears to be undervalued.
The current stock price of 円1,337.00 is trading 13.1% below its estimated GF Value™ of 円1,537.92.
GuruFocus considers Sugimoto to be Modestly Undervalued.
Key valuation signals for TSE:9932:
Graham Number: 円2,029.61
GF Value™: 円1,537.92 vs. price of 円1,337.00 (13.1% below fair value)
No single metric tells the full story. See the TSE:9932 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sugimoto & Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of measuring instruments, machining equipment, and other related products. It mainly sells equipment, machinery, tools, factory supplies, consumables, etc., used in factories. The group's product portfolio comprises cylinder gauge, caliper gauge, air duster, blow gun, ratchet lever, clamping screw, cut resistant glove, office supplies, garden supplies, bolt kit, safety hoist ring, etc. Its reportable segments are based on the regions of its sales offices and include East, West, Central, and Abroad. The majority of its revenue is generated from the West Region.
77GF Score
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