Tashin Holdings Bhd (XKLS:0211) Graham Number: RM2.36 (As of Mar. 2026) — 638% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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:0211 Tashin Holdings Bhd XKLS:0211
50 GF Score
Price RM0.20
GF Value RM0.28
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Tashin Holdings Bhd Graham Number?

Tashin Holdings Bhd XKLS:0211 50 Graham Number is RM2.36 as of Mar. 2026, which is 100% below its 10-year median of 0.32. GuruFocus rates XKLS:0211 with a GF Score™ of 50/100 and a GF Value™ of RM0.28 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 426 Steel companies, Tashin Holdings Bhd ranks better than 99.3% 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 (2026-08-02), the stock price of Tashin Holdings Bhd is RM0.195. Tashin Holdings Bhd's graham number for the quarter that ended in Mar. 2026 was RM2.36. Therefore, Tashin Holdings Bhd's Price to Graham Number ratio for today is 0.08.

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

XKLS:0211' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.08   Med: 0.32   Max: 1.31
Current: 0.08

During the past 11 years, the highest Price to Graham Number ratio of Tashin Holdings Bhd was 1.31. The lowest was 0.08. And the median was 0.32.

XKLS:0211's Price-to-Graham-Number is ranked better than
99.3% of 426 companies
in the Steel industry
Industry Median: 0.95 vs XKLS:0211: 0.08

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


Tashin Holdings Bhd  (XKLS:0211) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=0.195/2.36
=0.08

* 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.


Tashin Holdings Bhd Graham Number Related Terms


Tashin Holdings Bhd Graham Number Historical Data

* Premium members only.

The historical data trend for Tashin Holdings 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.

Tashin Holdings Bhd Graham Number Chart

Tashin Holdings Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 0.79 0.55 0.00 0.38

Tashin Holdings 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 0.00 0.00 2.31 2.36 2.36

XKLS:0211 vs NUE, STLD, RS: Graham Number Comparison

For the Steel subindustry, Tashin Holdings 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.


Tashin Holdings Bhd Price-to-Graham-Number vs Steel Industry

For the Steel industry and Basic Materials sector, Tashin Holdings Bhd's Price-to-Graham-Number distribution charts can be found below:

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


XKLS:0211
50GF Score
Tashin Holdings Bhd XKLS:0211
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tashin Holdings Bhd Graham Number Calculation

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

Tashin Holdings Bhd's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*0.782*0.008)
=0.38

Tashin Holdings 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*0.783*0.316)
=2.36

* 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 RM2.36 mean?
Tashin Holdings Bhd (XKLS:0211) has a Graham Number of RM2.36 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tashin Holdings Bhd and its competitors. This is 638% above median its historical median of 0.32. Over the past decade, Tashin Holdings Bhd's Graham Number has ranged from 0.08 to 1.31. According to the industry distribution chart, Tashin Holdings Bhd ranks #3 out of 426 companies in the Steel industry, placing it in the top 0.7%.
Is Tashin Holdings Bhd's Graham Number too high?
Tashin Holdings Bhd's current Graham Number of RM2.36 is 638% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 1.31. Based on the distribution chart, Tashin Holdings Bhd ranks #3 out of 426 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Tashin Holdings Bhd has a GF Score™ of 50/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tashin Holdings Bhd's Graham Number compare to NUE and STLD?
According to the Steel industry distribution chart, Tashin Holdings Bhd ranks #3 out of 426 companies for Graham Number. This places Tashin Holdings Bhd in the top 1% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.95. Historically, Tashin Holdings Bhd's own Graham Number has ranged from 0.08 to 1.31 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 Steel company?
The median Graham Number among Steel companies is 0.95, based on 426 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 Tashin Holdings Bhd and its competitors. For the Steel industry, the median Graham Number is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tashin Holdings Bhd's current Graham Number is RM2.36, which is 638% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tashin Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tashin Holdings Bhd (XKLS:0211) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.28, compared to a current price of RM0.20 — trading 30.4% below its estimated fair value. The current Graham Number is RM2.36, which is 638% above median its 10-year median of 0.32. Tashin Holdings Bhd's overall GF Score™ is 50/100 with 6 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 Tashin Holdings Bhd (XKLS:0211), the current Graham Number is RM2.36 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.

Is Tashin Holdings Bhd (XKLS:0211) Overvalued in 2026?

Based on GuruFocus' analysis, Tashin Holdings Bhd stock appears to be undervalued. The current stock price of RM0.20 is trading 30.4% below its estimated GF Value™ of RM0.28. GuruFocus considers Tashin Holdings Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:0211:

  • Graham Number: RM2.36 (638% above median its 10-year median of 0.32)
  • GF Value™: RM0.28 vs. price of RM0.20 (30.4% below fair value)
  • GF Score™: 50/100 with 6 warning signs

No single metric tells the full story. See the XKLS:0211 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tashin Holdings Bhd Business Description

Address Plot 40, Lorong Perusahaan Maju 7, Kawasan Perusahaan 4, Prai, PNG, MYS, 13600
Tashin Holdings Bhd is engaged in the manufacturing and trading of steel products. The company's product portfolio includes Slit Coils, Cut to Pipe Steel Sheets, Steel Pipes, Steel Plate and Sheets, Flat and Square Bars, Expanded Metal, Checkered Plate, and C Purlin. The steel products are widely utilized and applied in various industries such as Automotive, Construction, Furniture, Electronics and Electrical, Engineering Fabrication, and Others. The Group operates predominantly in one business segment in Malaysia, which is involved in the manufacturing of steel-related products.
50GF Score

Get the complete analysis for XKLS:0211

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

RM0.20
Price
RM0.28
GF Value