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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.
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.
XKLS:3042'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.27 Med: 0.46 Max: 1.17
Current: 0.34
During the past 13 years, the highest Price to Graham Number ratio of Petron Malaysia Refining & Marketing Bhd was 1.17. The lowest was 0.27. And the median was 0.46.
XKLS:3042's Price-to-Graham-Number is ranked better than 94.19% of 620
companies
in the Oil & Gas industry
Industry Median: 1.055
vs XKLS:3042: 0.34
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Petron Malaysia Refining & Marketing Bhd (XKLS:3042) 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.
Petron Malaysia Refining & Marketing Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
3.48
/
10.10
=
0.34
* 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.
Petron Malaysia Refining & Marketing Bhd Graham Number Related Terms
Petron Malaysia Refining & Marketing Bhd 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.
Petron Malaysia Refining & Marketing Bhd Graham Number Chart
Petron Malaysia Refining & Marketing Bhd Annual Data
XKLS:3042 vs MPC, VLO, PSX: Graham Number Comparison
For the Oil & Gas Refining & Marketing subindustry, Petron Malaysia Refining & Marketing 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.
Petron Malaysia Refining & Marketing Bhd Price-to-Graham-Number vs Oil & Gas Industry
* 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.
Petron Malaysia Refining & Marketing Bhd (XKLS:3042) has a Graham Number of RM10.10 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Petron Malaysia Refining & Marketing Bhd and its competitors. This is 2096% above median its historical median of 0.46. Over the past decade, Petron Malaysia Refining & Marketing Bhd's Graham Number has ranged from 0.27 to 1.17. According to the industry distribution chart, Petron Malaysia Refining & Marketing Bhd ranks #36 out of 620 companies in the Oil & Gas industry, placing it in the top 5.8%.
Is Petron Malaysia Refining & Marketing Bhd's Graham Number too high?
Petron Malaysia Refining & Marketing Bhd's current Graham Number of RM10.10 is 2096% above median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.17. Based on the distribution chart, Petron Malaysia Refining & Marketing Bhd ranks #36 out of 620 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Petron Malaysia Refining & Marketing Bhd has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Petron Malaysia Refining & Marketing Bhd's Graham Number compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Petron Malaysia Refining & Marketing Bhd ranks #36 out of 620 companies for Graham Number. This places Petron Malaysia Refining & Marketing Bhd in the top 6% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.06. Historically, Petron Malaysia Refining & Marketing Bhd's own Graham Number has ranged from 0.27 to 1.17 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 an Oil & Gas company?
The median Graham Number among Oil & Gas companies is 1.06, based on 620 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 Petron Malaysia Refining & Marketing Bhd and its competitors. For the Oil & Gas industry, the median Graham Number is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petron Malaysia Refining & Marketing Bhd's current Graham Number is RM10.10, which is 2096% above median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petron Malaysia Refining & Marketing Bhd stock overvalued right now?
Based on GuruFocus' analysis, Petron Malaysia Refining & Marketing Bhd (XKLS:3042) is currently considered Fairly Valued. The stock's GF Value™ is RM3.26, compared to a current price of RM3.48 — trading 6.7% above its estimated fair value. The current Graham Number is RM10.10, which is 2096% above median its 10-year median of 0.46. Petron Malaysia Refining & Marketing Bhd's overall GF Score™ is 73/100 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 Petron Malaysia Refining & Marketing Bhd (XKLS:3042), the current Graham Number is RM10.10 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 Petron Malaysia Refining & Marketing Bhd (XKLS:3042) Overvalued in 2026?
Based on GuruFocus' analysis, Petron Malaysia Refining & Marketing Bhd stock appears to be overvalued.
The current stock price of RM3.48 is trading 6.7% above its estimated GF Value™ of RM3.26.
GuruFocus considers Petron Malaysia Refining & Marketing Bhd to be Fairly Valued.
Key valuation signals for XKLS:3042:
Graham Number: RM10.10 (2096% above median its 10-year median of 0.46)
GF Value™: RM3.26 vs. price of RM3.48 (6.7% above fair value)
No single metric tells the full story. See the XKLS:3042 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Petron Malaysia Refining & Marketing Bhd is an oil company engaged in manufacturing and marketing a wide range of petroleum products, which include Gasoline, Automotive Diesel Oil (ADO), Liquefied Petroleum Gas (LPG), Jet Fuel, Naphtha, and Low Sulphur Waxy Residue. The company generates revenue from the sale of petroleum products to Retail and Commercial customers in various geographical locations. Geographically, a majority of its revenue is derived from Malaysia and the rest from Singapore.
73GF Score
Get the complete analysis for XKLS:3042
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