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.
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.
Hengyuan Refining Co BhdXKLS:4324 +3.74%45 EV-to-EBITDA is 2.28 as of Aug. 19, 2026, which is 36% below its 10-year median of 3.59. 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 772 Oil & Gas companies, Hengyuan Refining Co Bhd ranks better than 91.84% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Hengyuan Refining Co Bhd's enterprise value is RM1,907 Mil.
Hengyuan Refining Co Bhd's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was RM837 Mil. Therefore, Hengyuan Refining Co Bhd's EV-to-EBITDA for today is 2.28.
The historical rank and industry rank for Hengyuan Refining Co Bhd's EV-to-EBITDA or its related term are showing as below:
XKLS:4324'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -42.17 Med: 3.59 Max: 56.72
Current: 2.28
During the past 13 years, the highest EV-to-EBITDA of Hengyuan Refining Co Bhd was 56.72. The lowest was -42.17. And the median was 3.59.
XKLS:4324's EV-to-EBITDA is ranked better than 91.84% of 772
companies
in the Oil & Gas industry
Industry Median: 7.61
vs XKLS:4324: 2.28
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.
Hengyuan Refining Co Bhd (XKLS:4324) 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.
Hengyuan Refining Co Bhd's PE Ratio (TTM) for today is calculated as:
Hengyuan Refining Co Bhd's share price for today is RM1.94.
Hengyuan Refining Co Bhd's Earnings per Share (Diluted) 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 RM0.346.
* 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).
* 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.
XKLS:4324 vs MPC, VLO, PSX: EV-to-EBITDA Comparison
For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co 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.
Hengyuan Refining Co Bhd EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hengyuan Refining Co Bhd's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Hengyuan Refining Co Bhd's EV-to-EBITDA falls into.
Hengyuan Refining Co Bhd's current Enterprise Value is RM1,907 Mil.
Hengyuan Refining Co Bhd's EBITDA 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 RM837 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 (XKLS:4324) has a EV-to-EBITDA of 2.28 as of Aug. 19, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Hengyuan Refining Co Bhd. This is 36% below median its historical median of 3.59. According to the industry distribution chart, Hengyuan Refining Co Bhd ranks #63 out of 772 companies in the Oil & Gas industry, placing it in the top 8.2%.
Is Hengyuan Refining Co Bhd's EV-to-EBITDA too high?
Hengyuan Refining Co Bhd's current EV-to-EBITDA of 2.28 is 36% below median its 10-year median of 3.59. The Oil & Gas industry median EV-to-EBITDA is 7.61. Hengyuan Refining Co Bhd's value of 2.28 is 70% below this industry median. Based on the distribution chart, Hengyuan Refining Co Bhd ranks #63 out of 772 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-EBITDA compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Hengyuan Refining Co Bhd ranks #63 out of 772 companies for EV-to-EBITDA. This places Hengyuan Refining Co Bhd in the top 8% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 7.61. Hengyuan Refining Co Bhd's value of 2.28 is 70% below this benchmark. While the company's 10-year median is 3.59 vs. the industry median of 7.61, 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-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.61, based on 772 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. Hengyuan Refining Co Bhd's current EV-to-EBITDA of 2.28 is 70% 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-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 Hengyuan Refining Co Bhd. For the Oil & Gas industry, the median EV-to-EBITDA is 7.61 — 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-EBITDA is 2.28, which is 36% below median its own 10-year median of 3.59. 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-EBITDA is 2.28, which is 36% below median its 10-year median of 3.59 and 70% below the Oil & Gas industry median of 7.61. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Hengyuan Refining Co Bhd (XKLS:4324), the current EV-to-EBITDA is 2.28 as of Aug. 19, 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-EBITDA: 2.28 (36% below median its 10-year median of 3.59)
GF Value™: RM1.16 vs. price of RM1.94 (67.2% above fair value)
Industry Position: 70% below the Oil & Gas median (#63 of 772)
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 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-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:4324 has been successfully added to your 
