Matang Bhd (XKLS:0189) Graham Number: RM0.07 (As of Mar. 2026) — 94% 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.
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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.

What is Matang Bhd Graham Number?

Matang Bhd XKLS:0189 Graham Number is RM0.07 as of Mar. 2026, which is 100% below its 10-year median of 1.14. The stock has 7 warning signs investors should review. Among 1,385 Consumer Packaged Goods companies, Matang Bhd ranks better than 51.77% 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.

As of today (2026-07-28), the stock price of Matang Bhd is RM0.075. Matang Bhd's graham number for the quarter that ended in Mar. 2026 was RM0.07. Therefore, Matang Bhd's Price to Graham Number ratio for today is 1.10.

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

XKLS:0189' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36   Med: 1.14   Max: 2
Current: 1.07

During the past 13 years, the highest Price to Graham Number ratio of Matang Bhd was 2.00. The lowest was 0.36. And the median was 1.14.

XKLS:0189's Price-to-Graham-Number is ranked better than
51.77% of 1385 companies
in the Consumer Packaged Goods industry
Industry Median: 1.1 vs XKLS:0189: 1.07

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


Matang Bhd  (XKLS:0189) 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.

Matang Bhd's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=0.075/0.07
=1.10

* 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.


Matang Bhd Graham Number Related Terms


Matang Bhd Graham Number Historical Data

* Premium members only.

The historical data trend for Matang 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.

Matang Bhd Graham Number Chart

Matang Bhd Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.08 0.05 0.05 0.08

Matang Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.08 0.07 0.07 0.07 0.07

XKLS:0189 vs ADM, BG, TSN: Graham Number Comparison

For the Farm Products subindustry, Matang 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.


Matang Bhd Price-to-Graham-Number vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Matang Bhd's Price-to-Graham-Number distribution charts can be found below:

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



Matang Bhd Graham Number Calculation

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

Matang Bhd's Graham Number for the fiscal year that ended in Jun. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.104*0.003)
=0.08

Matang Bhd's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*0.103*0.002)
=0.07

* 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 Graham Number →
What does a Graham Number of RM0.07 mean?
Matang Bhd (XKLS:0189) has a Graham Number of RM0.07 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Matang Bhd and its competitors. This is 94% below median its historical median of 1.14. Over the past decade, Matang Bhd's Graham Number has ranged from 0.36 to 2.00. According to the industry distribution chart, Matang Bhd ranks #668 out of 1385 companies in the Consumer Packaged Goods industry, placing it in the top 48.2%.
Is Matang Bhd's Graham Number too high?
Matang Bhd's current Graham Number of RM0.07 is 94% below median its 10-year median of 1.14. Over the past 10 years, this metric has ranged from a low of 0.36 to a high of 2.00. Based on the distribution chart, Matang Bhd ranks #668 out of 1385 companies in the Consumer Packaged Goods industry, which is above the industry midpoint.
How does Matang Bhd's Graham Number compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Matang Bhd ranks #668 out of 1385 companies for Graham Number. This puts Matang Bhd in the upper half of its industry. The industry median Graham Number is 1.10. Historically, Matang Bhd's own Graham Number has ranged from 0.36 to 2.00 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 1.10, based on 1,385 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 Matang Bhd and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Matang Bhd's current Graham Number is RM0.07, which is 94% below median its own 10-year median of 1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Matang Bhd stock overvalued right now?
Based on GuruFocus' analysis, Matang Bhd (XKLS:0189) is currently considered Fairly Valued. The stock's GF Value™ is RM0.08, compared to a current price of RM0.08 — trading 6.3% below its estimated fair value. The current Graham Number is RM0.07, which is 94% below median its 10-year median of 1.14. 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 Matang Bhd (XKLS:0189), the current Graham Number is RM0.07 as of Mar. 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.

Matang Bhd Business Description

Address 8, Jalan Munshi Abdullah, Unit 39.02, Level 39, Menara Multi-Purpose Capital Square, Kuala Lumpur, SGR, MYS, 50100
Matang Bhd is an investment holding company. The company is engaged in the management of plantation estate, the sale of fresh fruit bunches, and property investment. Its activities also include procuring germinated oil palm seeds, planting or replanting, field upkeeping that includes pruning, manuring and pest control, harvesting, transporting, and selling fresh fruit bunch (FFB). The company has one reportable segment i.e. management of plantation estate, cultivation of oil palm and durian, and sale of fresh fruit bunch and durian. Geographically, all of the company's operations are carried out in Malaysia.