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Khon Kaen Sugar Industry PCLBKK:KSL -1.70%70 Graham Number is ฿2.33 as of Apr. 2026, which is 100% below its 10-year median of 0.73. GuruFocus rates BKK:KSL with a GF Score™ of 70/100 and a GF Value™ of ฿2.09 (Modestly Undervalued). The stock has 13 warning signs investors should review. Among 1,388 Consumer Packaged Goods companies, Khon Kaen Sugar Industry PCL ranks better than 71.18% 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.
The historical rank and industry rank for Khon Kaen Sugar Industry PCL's Graham Number or its related term are showing as below:
BKK:KSL'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.29 Med: 0.73 Max: 1.55
Current: 0.74
During the past 13 years, the highest Price to Graham Number ratio of Khon Kaen Sugar Industry PCL was 1.55. The lowest was 0.29. And the median was 0.73.
BKK:KSL's Price-to-Graham-Number is ranked better than 71.18% of 1388
companies
in the Consumer Packaged Goods industry
Industry Median: 1.13
vs BKK:KSL: 0.74
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Khon Kaen Sugar Industry PCL (BKK:KSL) 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.
Khon Kaen Sugar Industry PCL's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
1.73
/
2.33
=
0.74
* 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.
Khon Kaen Sugar Industry PCL Graham Number Related Terms
Khon Kaen Sugar Industry PCL Graham Number Historical Data
* 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.
BKK:KSL vs MDLZ, HSY, TR: Graham Number Comparison
For the Confectioners subindustry, Khon Kaen Sugar Industry PCL'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.
Khon Kaen Sugar Industry PCL Price-to-Graham-Number vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Khon Kaen Sugar Industry PCL's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Khon Kaen Sugar Industry PCL's Price-to-Graham-Number falls into.
* 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.
Khon Kaen Sugar Industry PCL (BKK:KSL) has a Graham Number of ฿2.33 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Khon Kaen Sugar Industry PCL and its competitors. This is 219% above median its historical median of 0.73. Over the past decade, Khon Kaen Sugar Industry PCL's Graham Number has ranged from 0.29 to 1.55. According to the industry distribution chart, Khon Kaen Sugar Industry PCL ranks #400 out of 1388 companies in the Consumer Packaged Goods industry, placing it in the top 28.8%.
Is Khon Kaen Sugar Industry PCL's Graham Number too high?
Khon Kaen Sugar Industry PCL's current Graham Number of ฿2.33 is 219% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 1.55. Based on the distribution chart, Khon Kaen Sugar Industry PCL ranks #400 out of 1388 companies in the Consumer Packaged Goods industry, which is above the industry midpoint. Overall, Khon Kaen Sugar Industry PCL has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Khon Kaen Sugar Industry PCL's Graham Number compare to MDLZ and HSY?
According to the Consumer Packaged Goods industry distribution chart, Khon Kaen Sugar Industry PCL ranks #400 out of 1388 companies for Graham Number. This puts Khon Kaen Sugar Industry PCL in the upper half of its industry. The industry median Graham Number is 1.13. Historically, Khon Kaen Sugar Industry PCL's own Graham Number has ranged from 0.29 to 1.55 over the past decade. 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 a Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.13, based on 1,388 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. 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 Khon Kaen Sugar Industry PCL and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Khon Kaen Sugar Industry PCL's current Graham Number is ฿2.33, which is 219% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khon Kaen Sugar Industry PCL stock overvalued right now?
Based on GuruFocus' analysis, Khon Kaen Sugar Industry PCL (BKK:KSL) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿2.09, compared to a current price of ฿1.73 — trading 17.2% below its estimated fair value. The current Graham Number is ฿2.33, which is 219% above median its 10-year median of 0.73. Khon Kaen Sugar Industry PCL's overall GF Score™ is 70/100 with 13 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 Khon Kaen Sugar Industry PCL (BKK:KSL), the current Graham Number is ฿2.33 as of Apr. 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 Khon Kaen Sugar Industry PCL (BKK:KSL) Overvalued in 2026?
Based on GuruFocus' analysis, Khon Kaen Sugar Industry PCL stock appears to be undervalued.
The current stock price of ฿1.73 is trading 17.2% below its estimated GF Value™ of ฿2.09.
GuruFocus considers Khon Kaen Sugar Industry PCL to be Modestly Undervalued.
Key valuation signals for BKK:KSL:
Graham Number: ฿2.33 (219% above median its 10-year median of 0.73)
GF Value™: ฿2.09 vs. price of ฿1.73 (17.2% below fair value)
No single metric tells the full story. See the BKK:KSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Khon Kaen Sugar Industry PCL manufactures and distributes sugar and molasses in Thailand. It also sells the byproducts of its sugar production, including ethanol, which it sells to oil companies, and electricity, which it sells to the Electricity Generating Authority of Thailand (EGAT), a monopoly in Thailand's electrical energy market and the country's primary power producer. The company has three operating segments - Manufacture and Distribution of Sugar and Molasses, Manufacture and Sale of Electricity, and Real Estate Rental. The company generates the majority of its revenue from the Manufacture and Distribution of Sugar and Molasses. In addition to Thailand, the company sells its products in Laos and Cambodia.
70GF Score
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