3REN Bhd (XKLS:0328) Graham Number: RM0.24 (As of Mar. 2026) — 87% 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.

XKLS:0328 3REN Bhd XKLS:0328
40 GF Score
Price RM0.39
! 6 Warning Signs
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What is 3REN Bhd Graham Number?

3REN Bhd XKLS:0328 +1.32% 40 Graham Number is RM0.24 as of Mar. 2026, which is 100% below its 10-year median of 1.82. GuruFocus rates XKLS:0328 with a GF Score™ of 40/100. The stock has 6 warning signs investors should review. Among 1,214 Construction companies, 3REN Bhd ranks worse than 70.1% 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 (2026-07-30), the stock price of 3REN Bhd is RM0.385. 3REN Bhd's graham number for the quarter that ended in Mar. 2026 was RM0.24. Therefore, 3REN Bhd's Price to Graham Number ratio for today is 1.63.

The historical rank and industry rank for 3REN Bhd's Graham Number or its related term are showing as below:

XKLS:0328' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.12   Med: 1.82   Max: 2.71
Current: 1.6

During the past 6 years, the highest Price to Graham Number ratio of 3REN Bhd was 2.71. The lowest was 1.12. And the median was 1.82.

XKLS:0328's Price-to-Graham-Number is ranked worse than
70.1% of 1214 companies
in the Construction industry
Industry Median: 1 vs XKLS:0328: 1.60

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


3REN Bhd  (XKLS:0328) 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.

3REN Bhd's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=0.385/0.24
=1.63

* 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.


3REN Bhd Graham Number Related Terms


3REN Bhd Graham Number Historical Data

* Premium members only.

The historical data trend for 3REN 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.

3REN Bhd Graham Number Chart

3REN Bhd Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial 0.20 0.19 0.18 0.22 0.20

3REN Bhd Quarterly Data
Dec20 Dec21 Dec22 Dec23 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 0.15 0.21 0.21 0.21 0.24

XKLS:0328 vs PWR, FIX, EME: Graham Number Comparison

For the Engineering & Construction subindustry, 3REN 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.


3REN Bhd Price-to-Graham-Number vs Construction Industry

For the Construction industry and Industrials sector, 3REN Bhd's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where 3REN Bhd's Price-to-Graham-Number falls into.


XKLS:0328
40GF Score
3REN Bhd XKLS:0328
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

3REN Bhd Graham Number Calculation

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

3REN 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*0.148*0.012)
=0.20

3REN 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*0.145*0.017)
=0.24

* 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 RM0.24 mean?
3REN Bhd (XKLS:0328) has a Graham Number of RM0.24 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on 3REN Bhd and its competitors. This is 87% below median its historical median of 1.82. Over the past decade, 3REN Bhd's Graham Number has ranged from 1.12 to 2.71. According to the industry distribution chart, 3REN Bhd ranks #851 out of 1214 companies in the Construction industry, placing it in the top 70.1%.
Is 3REN Bhd's Graham Number too high?
3REN Bhd's current Graham Number of RM0.24 is 87% below median its 10-year median of 1.82. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 2.71. Based on the distribution chart, 3REN Bhd ranks #851 out of 1214 companies in the Construction industry, which is below the industry midpoint. Overall, 3REN Bhd has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does 3REN Bhd's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, 3REN Bhd ranks #851 out of 1214 companies for Graham Number. This places 3REN Bhd in the lower half of its industry. The industry median Graham Number is 1.00. Historically, 3REN Bhd's own Graham Number has ranged from 1.12 to 2.71 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 Construction company?
The median Graham Number among Construction companies is 1.00, based on 1,214 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 3REN Bhd and its competitors. For the Construction industry, the median Graham Number is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 3REN Bhd's current Graham Number is RM0.24, which is 87% below median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3REN Bhd stock overvalued right now?
3REN Bhd (XKLS:0328) has a current Graham Number of RM0.24. The current Graham Number is RM0.24, which is 87% below median its 10-year median of 1.82. 3REN Bhd's overall GF Score™ is 40/100 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 3REN Bhd (XKLS:0328), the current Graham Number is RM0.24 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.

3REN Bhd Business Description

Address No. 9, Jalan Industri Tangkas 1, Taman Industri Tangkas, Bukit Mertajam, PNG, MYS, 14000
3REN Bhd is principally an investment holding company that operates through subsidiaries and is principally engaged in automation solutions and engineering services. Its business activities include the provision of product engineering services, the provision of engineering support services for IC assembly and testing, the design, development, and sale of digitalised solutions, and the design, development, and sale of automated equipment. The Group serves a diverse range of industries, including semiconductor and electronics, automotive, consumer electronics, fast-moving consumer goods (FMCG), medical device manufacturing, and life sciences. The company operates in three segments: Manufacturing operating solutions and services, Product engineering services, and Others.
40GF Score

Get the complete analysis for XKLS:0328

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

RM0.39
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