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Bright Packaging Industry Bhd (XKLS:9938) Graham Number : RM0.53 (As of Feb. 2024)


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What is Bright Packaging Industry Bhd Graham Number?

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 (2024-06-03), the stock price of Bright Packaging Industry Bhd is RM0.245. Bright Packaging Industry Bhd's graham number for the quarter that ended in Feb. 2024 was RM0.53. Therefore, Bright Packaging Industry Bhd's Price to Graham Number ratio for today is 0.46.

The historical rank and industry rank for Bright Packaging Industry Bhd's Graham Number or its related term are showing as below:

XKLS:9938' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36   Med: 0.64   Max: 1.81
Current: 0.46

During the past 13 years, the highest Price to Graham Number ratio of Bright Packaging Industry Bhd was 1.81. The lowest was 0.36. And the median was 0.64.

XKLS:9938's Price-to-Graham-Number is ranked better than
88.41% of 276 companies
in the Packaging & Containers industry
Industry Median: 1.12 vs XKLS:9938: 0.46

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


Bright Packaging Industry Bhd Graham Number Historical Data

The historical data trend for Bright Packaging Industry Bhd'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.

* Premium members only.

Bright Packaging Industry Bhd Graham Number Chart

Bright Packaging Industry Bhd Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 - - - 0.56

Bright Packaging Industry Bhd Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 - - 0.56 0.50 0.53

Competitive Comparison of Bright Packaging Industry Bhd's Graham Number

For the Packaging & Containers subindustry, Bright Packaging Industry Bhd'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.


Bright Packaging Industry Bhd's Price-to-Graham-Number Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Bright Packaging Industry Bhd's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Bright Packaging Industry Bhd's Price-to-Graham-Number falls into.



Bright Packaging Industry Bhd Graham Number Calculation

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

Bright Packaging Industry Bhd's Graham Number for the fiscal year that ended in Aug. 2023 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.591*0.024)
=0.56

Bright Packaging Industry Bhd's Graham Number for the quarter that ended in Feb. 2024 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.591*0.021)
=0.53

* 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.


Bright Packaging Industry Bhd  (XKLS:9938) 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.

Bright Packaging Industry Bhd's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Feb. 2024 )
=0.245/0.53
=0.46

* 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.


Bright Packaging Industry Bhd Graham Number Related Terms

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Bright Packaging Industry Bhd (XKLS:9938) Business Description

Traded in Other Exchanges
N/A
Address
No. 23, Jalan Delima 1/3, Subang Hi-Tech Industrial Park, Shah Alam, SGR, MYS, 40000
Bright Packaging Industry Bhd is a manufacturer of aluminum foil laminate within Malaysia. The company is engaged in the manufacturing and printing of aluminum foil packaging materials for the tobacco, liquor, confectionaries, and pharmaceutical industry. It offers a range of services, including lamination, slitting, ink matching, and coating or lacquering. Its products include aluminum foil and metallized film laminate to tissue/woodfree/board and inner frame, and also exports to other countries. Geographically the company generates its revenue from Indonesia, Malaysia, Thailand, Korea, Russia, Phillippines.

Bright Packaging Industry Bhd (XKLS:9938) Headlines

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