Hengyuan Refining Co Bhd (XKLS:4324) EV-to-EBIT: 2.79 (As of Aug. 18, 2026) — 14% Below Median

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XKLS:4324 Hengyuan Refining Co Bhd XKLS:4324
45 GF Score
Price RM1.94
GF Value RM1.16
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Hengyuan Refining Co Bhd EV-to-EBIT?

Hengyuan Refining Co Bhd XKLS:4324 +3.74% 45 EV-to-EBIT is 2.79 as of Aug. 18, 2026, which is 14% below its 10-year median of 3.24. GuruFocus rates XKLS:4324 with a GF Score™ of 45/100 and a GF Value™ of RM1.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 709 Oil & Gas companies, Hengyuan Refining Co Bhd ranks better than 91.82% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Hengyuan Refining Co Bhd's Enterprise Value is RM1,865 Mil. Hengyuan Refining Co Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was RM667 Mil. Therefore, Hengyuan Refining Co Bhd's EV-to-EBIT for today is 2.79.

The historical rank and industry rank for Hengyuan Refining Co Bhd's EV-to-EBIT or its related term are showing as below:

XKLS:4324' s EV-to-EBIT Range Over the Past 10 Years
Min: -222.67   Med: 3.24   Max: 566.63
Current: 2.79

During the past 13 years, the highest EV-to-EBIT of Hengyuan Refining Co Bhd was 566.63. The lowest was -222.67. And the median was 3.24.

XKLS:4324's EV-to-EBIT is ranked better than
91.82% of 709 companies
in the Oil & Gas industry
Industry Median: 11.48 vs XKLS:4324: 2.79

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Hengyuan Refining Co Bhd's Enterprise Value for the quarter that ended in Mar. 2026 was RM1,582 Mil. Hengyuan Refining Co Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was RM667 Mil. Hengyuan Refining Co Bhd's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 42.17%.


Hengyuan Refining Co Bhd  (XKLS:4324) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Hengyuan Refining Co Bhd's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=667.368/1582.479
=42.17 %

Hengyuan Refining Co Bhd's Enterprise Value for the quarter that ended in Mar. 2026 was RM1,582 Mil.
Hengyuan Refining Co Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM667 Mil.

* 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.


Hengyuan Refining Co Bhd EV-to-EBIT Related Terms


Hengyuan Refining Co Bhd EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Hengyuan Refining Co Bhd's EV-to-EBIT 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.

Hengyuan Refining Co Bhd EV-to-EBIT Chart

Hengyuan Refining Co Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.82 -4.26 -4.18 -6.49 -41.46

Hengyuan Refining Co Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT 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 -4.42 -5.73 -15.59 -41.46 2.37

XKLS:4324 vs MPC, VLO, PSX: EV-to-EBIT Comparison

For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co Bhd's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Hengyuan Refining Co Bhd EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hengyuan Refining Co Bhd's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Hengyuan Refining Co Bhd's EV-to-EBIT falls into.


XKLS:4324
45GF Score
Hengyuan Refining Co Bhd XKLS:4324
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hengyuan Refining Co Bhd EV-to-EBIT Calculation

Hengyuan Refining Co Bhd's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1864.500/667.368
=2.79

Hengyuan Refining Co Bhd's current Enterprise Value is RM1,865 Mil.
Hengyuan Refining Co Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM667 Mil.

* 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 EV-to-EBIT →
What does a EV-to-EBIT of 2.79 mean?
Hengyuan Refining Co Bhd (XKLS:4324) has a EV-to-EBIT of 2.79 as of Aug. 18, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Hengyuan Refining Co Bhd and its competitors. This is 14% below median its historical median of 3.24. According to the industry distribution chart, Hengyuan Refining Co Bhd ranks #58 out of 709 companies in the Oil & Gas industry, placing it in the top 8.2%.
Is Hengyuan Refining Co Bhd's EV-to-EBIT too high?
Hengyuan Refining Co Bhd's current EV-to-EBIT of 2.79 is 14% below median its 10-year median of 3.24. The Oil & Gas industry median EV-to-EBIT is 11.48. Hengyuan Refining Co Bhd's value of 2.79 is 75.7% below this industry median. Based on the distribution chart, Hengyuan Refining Co Bhd ranks #58 out of 709 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Hengyuan Refining Co Bhd has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hengyuan Refining Co Bhd's EV-to-EBIT compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Hengyuan Refining Co Bhd ranks #58 out of 709 companies for EV-to-EBIT. This places Hengyuan Refining Co Bhd in the top 8% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 11.48. Hengyuan Refining Co Bhd's value of 2.79 is 75.7% below this benchmark. While the company's 10-year median is 3.24 vs. the industry median of 11.48, Hengyuan Refining Co Bhd has consistently been below 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 EV-to-EBIT for an Oil & Gas company?
The median EV-to-EBIT among Oil & Gas companies is 11.48, based on 709 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hengyuan Refining Co Bhd's current EV-to-EBIT of 2.79 is 75.7% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Hengyuan Refining Co Bhd and its competitors. For the Oil & Gas industry, the median EV-to-EBIT is 11.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengyuan Refining Co Bhd's current EV-to-EBIT is 2.79, which is 14% below median its own 10-year median of 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengyuan Refining Co Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd (XKLS:4324) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.16, compared to a current price of RM1.94 — trading 67.2% above its estimated fair value. The current EV-to-EBIT is 2.79, which is 14% below median its 10-year median of 3.24 and 75.7% below the Oil & Gas industry median of 11.48. Hengyuan Refining Co Bhd's overall GF Score™ is 45/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Hengyuan Refining Co Bhd (XKLS:4324), the current EV-to-EBIT is 2.79 as of Aug. 18, 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 Hengyuan Refining Co Bhd (XKLS:4324) Overvalued in 2026?

Based on GuruFocus' analysis, Hengyuan Refining Co Bhd stock appears to be overvalued. The current stock price of RM1.94 is trading 67.2% above its estimated GF Value™ of RM1.16. GuruFocus considers Hengyuan Refining Co Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:4324:

  • EV-to-EBIT: 2.79 (14% below median its 10-year median of 3.24)
  • GF Value™: RM1.16 vs. price of RM1.94 (67.2% above fair value)
  • GF Score™: 45/100 with 5 warning signs
  • Industry Position: 75.7% below the Oil & Gas median (#58 of 709)

No single metric tells the full story. See the XKLS:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hengyuan Refining Co Bhd Business Description

Industry EnergyOil & Gas
Address Jalan Pantai, Batu 1, Port Dickson, NSN, MYS, 71000
Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, one kerosene Merox plant, one platformer, two hydro-processing units, a Hydrogen Manufacturing Unit (HMU) and a sulphur recovery unit. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene.
45GF Score

Get the complete analysis for XKLS:4324

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

RM1.94
Price
RM1.16
GF Value