Fraser & Neave Holdings Bhd (XKLS:3689) EV-to-EBITDA: 12.18 (As of Aug. 09, 2026) — 20% 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.

XKLS:3689 Fraser & Neave Holdings Bhd XKLS:3689
87 GF Score
Price RM27.06
GF Value RM27.84
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Fraser & Neave Holdings Bhd EV-to-EBITDA?

Fraser & Neave Holdings Bhd XKLS:3689 +0.07% 87 EV-to-EBITDA is 12.18 as of Aug. 09, 2026, which is 20% below its 10-year median of 15.19. GuruFocus rates XKLS:3689 with a GF Score™ of 87/100 and a GF Value™ of RM27.84 (Fairly Valued). The stock has 2 warning signs investors should review. Among 104 Beverages - Non-Alcoholic companies, Fraser & Neave Holdings Bhd ranks worse than 55.77% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Fraser & Neave Holdings Bhd's enterprise value is RM10,031 Mil. Fraser & Neave Holdings Bhd's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was RM824 Mil. Therefore, Fraser & Neave Holdings Bhd's EV-to-EBITDA for today is 12.18.

The historical rank and industry rank for Fraser & Neave Holdings Bhd's EV-to-EBITDA or its related term are showing as below:

XKLS:3689' s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.99   Med: 15.19   Max: 34.47
Current: 12.18

During the past 13 years, the highest EV-to-EBITDA of Fraser & Neave Holdings Bhd was 34.47. The lowest was 8.99. And the median was 15.19.

XKLS:3689's EV-to-EBITDA is ranked worse than
55.77% of 104 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 11.245 vs XKLS:3689: 12.18

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-09), Fraser & Neave Holdings Bhd's stock price is RM27.06. Fraser & Neave Holdings Bhd's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was RM1.134. Therefore, Fraser & Neave Holdings Bhd's PE Ratio (TTM) for today is 23.86.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Fraser & Neave Holdings Bhd  (XKLS:3689) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Fraser & Neave Holdings Bhd's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=27.06/1.134
=23.86

Fraser & Neave Holdings Bhd's share price for today is RM27.06.
Fraser & Neave Holdings Bhd's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM1.134.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Fraser & Neave Holdings Bhd EV-to-EBITDA Related Terms


Fraser & Neave Holdings Bhd EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Fraser & Neave Holdings Bhd's EV-to-EBITDA 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.

Fraser & Neave Holdings Bhd EV-to-EBITDA Chart

Fraser & Neave Holdings Bhd Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.04 13.26 11.18 12.62 10.94

Fraser & Neave Holdings Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA 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 12.45 10.94 15.16 13.56 12.58

XKLS:3689 vs KO, PEP, MNST: EV-to-EBITDA Comparison

For the Beverages - Non-Alcoholic subindustry, Fraser & Neave Holdings Bhd's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.


Fraser & Neave Holdings Bhd EV-to-EBITDA vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Fraser & Neave Holdings Bhd's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Fraser & Neave Holdings Bhd's EV-to-EBITDA falls into.


XKLS:3689
87GF Score
Fraser & Neave Holdings Bhd XKLS:3689
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fraser & Neave Holdings Bhd EV-to-EBITDA Calculation

Fraser & Neave Holdings Bhd's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=10031.361/823.864
=12.18

Fraser & Neave Holdings Bhd's current Enterprise Value is RM10,031 Mil.
Fraser & Neave Holdings Bhd's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was RM824 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-EBITDA →
What does a EV-to-EBITDA of 12.18 mean?
Fraser & Neave Holdings Bhd (XKLS:3689) has a EV-to-EBITDA of 12.18 as of Aug. 09, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Fraser & Neave Holdings Bhd. This is 20% below median its historical median of 15.19. Over the past decade, Fraser & Neave Holdings Bhd's EV-to-EBITDA has ranged from 8.99 to 34.47. According to the industry distribution chart, Fraser & Neave Holdings Bhd ranks #58 out of 104 companies in the Beverages - Non-Alcoholic industry, placing it in the top 55.8%.
Is Fraser & Neave Holdings Bhd's EV-to-EBITDA too high?
Fraser & Neave Holdings Bhd's current EV-to-EBITDA of 12.18 is 20% below median its 10-year median of 15.19. Over the past 10 years, this metric has ranged from a low of 8.99 to a high of 34.47. The Beverages - Non-Alcoholic industry median EV-to-EBITDA is 11.25. Fraser & Neave Holdings Bhd's value of 12.18 is 8.3% above this industry median. Based on the distribution chart, Fraser & Neave Holdings Bhd ranks #58 out of 104 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Fraser & Neave Holdings Bhd has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fraser & Neave Holdings Bhd's EV-to-EBITDA compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Fraser & Neave Holdings Bhd ranks #58 out of 104 companies for EV-to-EBITDA. This places Fraser & Neave Holdings Bhd in the lower half of its industry. The industry median EV-to-EBITDA is 11.25. Fraser & Neave Holdings Bhd's value of 12.18 is 8.3% above this benchmark. Historically, Fraser & Neave Holdings Bhd's own EV-to-EBITDA has ranged from 8.99 to 34.47 over the past decade. While the company's 10-year median is 15.19 vs. the industry median of 11.25, Fraser & Neave Holdings Bhd 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 EV-to-EBITDA for a Beverages - Non-Alcoholic company?
The median EV-to-EBITDA among Beverages - Non-Alcoholic companies is 11.25, based on 104 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fraser & Neave Holdings Bhd's current EV-to-EBITDA of 12.18 is 8.3% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Fraser & Neave Holdings Bhd. For the Beverages - Non-Alcoholic industry, the median EV-to-EBITDA is 11.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fraser & Neave Holdings Bhd's current EV-to-EBITDA is 12.18, which is 20% below median its own 10-year median of 15.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fraser & Neave Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd (XKLS:3689) is currently considered Fairly Valued. The stock's GF Value™ is RM27.84, compared to a current price of RM27.06 — trading 2.8% below its estimated fair value. The current EV-to-EBITDA is 12.18, which is 20% below median its 10-year median of 15.19 and 8.3% above the Beverages - Non-Alcoholic industry median of 11.25. Fraser & Neave Holdings Bhd's overall GF Score™ is 87/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Fraser & Neave Holdings Bhd (XKLS:3689), the current EV-to-EBITDA is 12.18 as of Aug. 09, 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 Fraser & Neave Holdings Bhd (XKLS:3689) Overvalued in 2026?

Based on GuruFocus' analysis, Fraser & Neave Holdings Bhd stock appears to be undervalued. The current stock price of RM27.06 is trading 2.8% below its estimated GF Value™ of RM27.84. GuruFocus considers Fraser & Neave Holdings Bhd to be Fairly Valued.

Key valuation signals for XKLS:3689:

  • EV-to-EBITDA: 12.18 (20% below median its 10-year median of 15.19)
  • GF Value™: RM27.84 vs. price of RM27.06 (2.8% below fair value)
  • GF Score™: 87/100 with 2 warning signs
  • Industry Position: 8.3% above the Beverages - Non-Alcoholic median (#58 of 104)

No single metric tells the full story. See the XKLS:3689 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fraser & Neave Holdings Bhd Business Description

Address No. 1 Jalan Bukit Belimbing 26/38, Persiaran Kuala Selangor, Seksyen 26, Shah Alam, SGR, MYS, 40400
Fraser & Neave Holdings Bhd manufactures and sells canned milk, both condensed and evaporated and other dairy products and soft drinks. The company manufactures its products in Malaysia and Thailand and operates through four main segments: F&B Malaysia, which generates maximum revenue, F&B Thailand, Property, and Others. F&B Malaysia and F&B Thailand manufacture both soft drinks and dairies. Its core soft drink brands include 100PLUS, F&N Fun Flavours, F&N NutriSoy, F&N Seasons, F&N Ice Mountain, and others. Its dairy brands include Carnation, Magnolia, Teapot, Farmhouse, Gold Coin, and F&N Fruit Tree, among others. Geographically, the company derives a majority of its revenue from Southeast Asia and the rest from other regions.
87GF Score

Get the complete analysis for XKLS:3689

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

RM27.06
Price
RM27.84
GF Value