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Adnex Group BhdXKLS:0396 +1.23%17 Graham Number is RM0.13 as of Mar. 2026, which is 100% below its 10-year median of 1.81. GuruFocus rates XKLS:0396 with a GF Score™ of 17/100. The stock has 5 warning signs investors should review. Among 1,212 Construction companies, Adnex Group Bhd ranks worse than 86.96% 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 (2026-08-24), the stock price of Adnex Group Bhd is RM0.41. Adnex Group Bhd's graham number for the quarter that ended in Mar. 2026 was RM0.13. Therefore, Adnex Group Bhd's Price to Graham Number ratio for today is 10.33.
The historical rank and industry rank for Adnex Group Bhd's Graham Number or its related term are showing as below:
XKLS:0396'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.81 Med: 1.81 Max: 3.16
Current: 3.15
During the past 3 years, the highest Price to Graham Number ratio of Adnex Group Bhd was 3.16. The lowest was 1.81. And the median was 1.81.
XKLS:0396's Price-to-Graham-Number is ranked worse than 86.96% of 1212
companies
in the Construction industry
Industry Median: 1
vs XKLS:0396: 3.15
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Adnex Group Bhd (XKLS:0396) 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.
Adnex Group Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.41
/
0.04
=
10.33
* 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.
Adnex Group Bhd Graham Number Related Terms
Adnex Group Bhd Graham Number Historical Data
* Premium members only.
The historical data trend for Adnex Group 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.
Adnex Group Bhd Graham Number Chart
Adnex Group Bhd Annual Data
Trend
Dec22
Dec23
Dec24
Graham Number
0.04
0.06
0.07
Adnex Group Bhd Quarterly Data
Dec22
Dec23
Dec24
Sep25
Mar26
Graham Number
0.00
0.00
0.00
0.00
0.13
XKLS:0396 vs PWR, FIX, EME: Graham Number Comparison
For the Engineering & Construction subindustry, Adnex Group 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.
Adnex Group Bhd Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Adnex Group Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Adnex Group Bhd'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.
Adnex Group Bhd (XKLS:0396) has a Graham Number of RM0.13 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Adnex Group Bhd and its competitors. This is 93% below median its historical median of 1.81. Over the past decade, Adnex Group Bhd's Graham Number has ranged from 1.81 to 3.16. According to the industry distribution chart, Adnex Group Bhd ranks #1054 out of 1212 companies in the Construction industry, placing it in the top 87%.
Is Adnex Group Bhd's Graham Number too high?
Adnex Group Bhd's current Graham Number of RM0.13 is 93% below median its 10-year median of 1.81. Over the past 10 years, this metric has ranged from a low of 1.81 to a high of 3.16. Based on the distribution chart, Adnex Group Bhd ranks #1054 out of 1212 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Adnex Group Bhd has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Adnex Group Bhd's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, Adnex Group Bhd ranks #1054 out of 1212 companies for Graham Number. This places Adnex Group Bhd in the lower half of its industry. The industry median Graham Number is 1.00. Historically, Adnex Group Bhd's own Graham Number has ranged from 1.81 to 3.16 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 1,212 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 Adnex Group 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. Adnex Group Bhd's current Graham Number is RM0.13, which is 93% below median its own 10-year median of 1.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adnex Group Bhd stock overvalued right now?
Adnex Group Bhd (XKLS:0396) has a current Graham Number of RM0.13. The current Graham Number is RM0.13, which is 93% below median its 10-year median of 1.81. Adnex Group Bhd's overall GF Score™ is 17/100 with 5 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 Adnex Group Bhd (XKLS:0396), the current Graham Number is RM0.13 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.
Adnex Group Bhd is an investment holding company. Through its Subsidiaries, the company is principally involved in the provision of interior fit-out services, which involve the process of actualisation of designs in the interior space. It specialises in providing interior fit-out services for commercial and industrial properties, mainly for use as corporate offices, F&B outlets and sales galleries. The company's business segments include Interior fit-out works and Turnkey fit-out services. The majority of revenue is derived from the Interior fit-out works segment, which provides interior fit-out projects based on designs provided by customers. Geographically, it derives the maximum revenue from Malaysia.
17GF Score
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