ZGXNF (ZIGExN Co) Graham Number: $1.45 (As of Mar. 2026) — 45% Below 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.

ZGXNF ZIGExN Co Ltd ZGXNF
72 GF Score
Price $2.75
GF Value $4.67
! 2 Warning Signs
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What is ZIGExN Co Graham Number?

ZIGExN Co ZGXNF 72 Graham Number is $1.45 as of Mar. 2026, which is 45% below its 10-year median of 2.62. GuruFocus rates ZGXNF with a GF Score™ of 72/100 and a GF Value™ of $4.67. The stock has 2 warning signs investors should review. Among 282 Interactive Media companies, ZIGExN Co ranks worse than 64.18% 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 (2026-08-08), the stock price of ZIGExN Co is $2.75. ZIGExN Co's graham number for the quarter that ended in Mar. 2026 was $1.45. Therefore, ZIGExN Co's Price to Graham Number ratio for today is 1.90.

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

ZGXNF' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.62   Med: 2.62   Max: 17.06
Current: 1.8

During the past 13 years, the highest Price to Graham Number ratio of ZIGExN Co was 17.06. The lowest was 1.62. And the median was 2.62.

ZGXNF's Price-to-Graham-Number is ranked worse than
64.18% of 282 companies
in the Interactive Media industry
Industry Median: 1.35 vs ZGXNF: 1.80

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


ZIGExN Co  (OTCPK:ZGXNF) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=2.75/1.45
=1.90

* 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.


ZIGExN Co Graham Number Related Terms


ZIGExN Co Graham Number Historical Data

* Premium members only.

The historical data trend for ZIGExN 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.

ZIGExN Co Graham Number Chart

ZIGExN 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 1.41 1.12 1.57 1.54 1.42

ZIGExN Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.53 1.43 1.26 1.29 1.45

ZGXNF vs GOOGL, META, SPOT: Graham Number Comparison

For the Internet Content & Information subindustry, ZIGExN 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.


ZIGExN Co Price-to-Graham-Number vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, ZIGExN Co's Price-to-Graham-Number distribution charts can be found below:

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


ZGXNF
72GF Score
ZIGExN Co Ltd ZGXNF
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZIGExN Co Graham Number Calculation

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

ZIGExN 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*0.341*0.262)
=1.42

ZIGExN 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*0.341*0.274)
=1.45

* 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 $1.45 mean?
ZIGExN Co (ZGXNF) has a Graham Number of $1.45 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on ZIGExN Co and its competitors. This is 45% below median its historical median of 2.62. Over the past decade, ZIGExN Co's Graham Number has ranged from 1.62 to 17.06. According to the industry distribution chart, ZIGExN Co ranks #181 out of 282 companies in the Interactive Media industry, placing it in the top 64.2%.
Is ZIGExN Co's Graham Number too high?
ZIGExN Co's current Graham Number of $1.45 is 45% below median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 17.06. The Interactive Media industry median Graham Number is 1.35. ZIGExN Co's value of $1.45 is 7.4% above this industry median. Based on the distribution chart, ZIGExN Co ranks #181 out of 282 companies in the Interactive Media industry, which is below the industry midpoint. Overall, ZIGExN Co has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does ZIGExN Co's Graham Number compare to GOOGL and META?
According to the Interactive Media industry distribution chart, ZIGExN Co ranks #181 out of 282 companies for Graham Number. This places ZIGExN Co in the lower half of its industry. The industry median Graham Number is 1.35. ZIGExN Co's value of $1.45 is 7.4% above this benchmark. Historically, ZIGExN Co's own Graham Number has ranged from 1.62 to 17.06 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 1.35, ZIGExN Co has consistently been above the industry average. 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 Interactive Media company?
The median Graham Number among Interactive Media companies is 1.35, based on 282 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. ZIGExN Co's current Graham Number of $1.45 is 7.4% above the industry median. 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 ZIGExN Co and its competitors. For the Interactive Media industry, the median Graham Number is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZIGExN Co's current Graham Number is $1.45, which is 45% below median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZIGExN Co stock overvalued right now?
ZIGExN Co (ZGXNF) has a current Graham Number of $1.45. The stock's GF Value™ is $4.67, compared to a current price of $2.75 — trading 41.1% below its estimated fair value. The current Graham Number is $1.45, which is 45% below median its 10-year median of 2.62 and 7.4% above the Interactive Media industry median of 1.35. ZIGExN Co's overall GF Score™ is 72/100 with 2 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 ZIGExN Co (ZGXNF), the current Graham Number is $1.45 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 ZIGExN Co (ZGXNF) Overvalued in 2026?

Based on GuruFocus' analysis, ZIGExN Co stock appears to be undervalued. The current stock price of $2.75 is trading 41.1% below its estimated GF Value™ of $4.67.

Key valuation signals for ZGXNF:

  • Graham Number: $1.45 (45% below median its 10-year median of 2.62)
  • GF Value™: $4.67 vs. price of $2.75 (41.1% below fair value)
  • GF Score™: 72/100 with 2 warning signs
  • Industry Position: 7.4% above the Interactive Media median (#181 of 282)

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


ZIGExN Co Business Description

Other Exchanges 3679:JapanZGE:Germany
Address 3-4-8 Toranomon, 5th FloorMinato-k, Tokyo, JPN, 105-0001
ZIGExN Co Ltd develops and operates the internet media platforms called EX Sites that provide information from multiple media and submit user's requests to multiple media in one access. The company's Life Media Platform business developed services to a wide range of areas related to daily life. The company operates career change EX, an employment site, Rent SMOCCA EX, a search site for real estate information, Pharmacist jobs EX, a pharmacist job search site, among others.
72GF Score

Get the complete analysis for ZGXNF

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

$2.75
Price
$4.67
GF Value