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Mega First BhdXKLS:3069 +1.36%76 Graham Number is RM3.36 as of Mar. 2026, which is 100% below its 10-year median of 1.28. GuruFocus rates XKLS:3069 with a GF Score™ of 76/100 and a GF Value™ of RM3.17 (Fairly Valued). The stock has 6 warning signs investors should review. Among 413 Utilities - Regulated companies, Mega First Bhd ranks better than 67.07% 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 Mega First Bhd is RM2.99. Mega First Bhd's graham number for the quarter that ended in Mar. 2026 was RM3.36. Therefore, Mega First Bhd's Price to Graham Number ratio for today is 0.89.
The historical rank and industry rank for Mega First Bhd's Graham Number or its related term are showing as below:
XKLS:3069'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.5 Med: 1.28 Max: 4.09
Current: 0.89
During the past 13 years, the highest Price to Graham Number ratio of Mega First Bhd was 4.09. The lowest was 0.50. And the median was 1.28.
XKLS:3069's Price-to-Graham-Number is ranked better than 67.07% of 413
companies
in the Utilities - Regulated industry
Industry Median: 1.14
vs XKLS:3069: 0.89
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Mega First Bhd (XKLS:3069) 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.
Mega First Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
2.99
/
3.36
=
0.89
* 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.
Mega First Bhd Graham Number Related Terms
Mega First Bhd Graham Number Historical Data
* Premium members only.
The historical data trend for Mega First 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.
XKLS:3069 vs NEE, SO, DUK: Graham Number Comparison
For the Utilities - Regulated Electric subindustry, Mega First 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.
Mega First Bhd Price-to-Graham-Number vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Mega First Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Mega First 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.
Mega First Bhd (XKLS:3069) has a Graham Number of RM3.36 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Mega First Bhd and its competitors. This is 163% above median its historical median of 1.28. Over the past decade, Mega First Bhd's Graham Number has ranged from 0.50 to 4.09. According to the industry distribution chart, Mega First Bhd ranks #136 out of 413 companies in the Utilities - Regulated industry, placing it in the top 32.9%.
Is Mega First Bhd's Graham Number too high?
Mega First Bhd's current Graham Number of RM3.36 is 163% above median its 10-year median of 1.28. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 4.09. Based on the distribution chart, Mega First Bhd ranks #136 out of 413 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Mega First Bhd has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Mega First Bhd's Graham Number compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Mega First Bhd ranks #136 out of 413 companies for Graham Number. This puts Mega First Bhd in the upper half of its industry. The industry median Graham Number is 1.14. Historically, Mega First Bhd's own Graham Number has ranged from 0.50 to 4.09 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 Utilities - Regulated company?
The median Graham Number among Utilities - Regulated companies is 1.14, based on 413 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 Mega First Bhd and its competitors. For the Utilities - Regulated industry, the median Graham Number is 1.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mega First Bhd's current Graham Number is RM3.36, which is 163% above median its own 10-year median of 1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mega First Bhd stock overvalued right now?
Based on GuruFocus' analysis, Mega First Bhd (XKLS:3069) is currently considered Fairly Valued. The stock's GF Value™ is RM3.17, compared to a current price of RM2.99 — trading 5.7% below its estimated fair value. The current Graham Number is RM3.36, which is 163% above median its 10-year median of 1.28. Mega First Bhd's overall GF Score™ is 76/100 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 Mega First Bhd (XKLS:3069), the current Graham Number is RM3.36 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 Mega First Bhd (XKLS:3069) Overvalued in 2026?
Based on GuruFocus' analysis, Mega First Bhd stock appears to be undervalued.
The current stock price of RM2.99 is trading 5.7% below its estimated GF Value™ of RM3.17.
GuruFocus considers Mega First Bhd to be Fairly Valued.
Key valuation signals for XKLS:3069:
Graham Number: RM3.36 (163% above median its 10-year median of 1.28)
GF Value™: RM3.17 vs. price of RM2.99 (5.7% below fair value)
No single metric tells the full story. See the XKLS:3069 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mega First Corp Bhd is an investment holding company. The group is organized into three main business segments as follows - Renewable Energy, Resources, Packaging, and Investment Renewable Holding and Others. The Renewable Energy segment builds, owns, and operates renewable power plants. The Resources segment is engaged in the quarrying of limestone, manufacturing and trading of lime products, and calcium carbonate powder. The Packaging segment is engaged in the Manufacturing and distribution of flexible packaging materials and products, paper bags, labels and stickers. The majority of its revenue is derived from the Renewable Energy segment. Geographically, the company derives majority of its revenue from the Lao PDR.
76GF Score
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