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Malayan Cement BhdXKLS:3794 -1.68%72 Graham Number is RM3.58 as of Mar. 2026, which is 100% below its 10-year median of 3.18. GuruFocus rates XKLS:3794 with a GF Score™ of 72/100 and a GF Value™ of RM5.54 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 272 Building Materials companies, Malayan Cement Bhd ranks worse than 77.21% 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 (2026-08-09), the stock price of Malayan Cement Bhd is RM6.42. Malayan Cement Bhd's graham number for the quarter that ended in Mar. 2026 was RM3.58. Therefore, Malayan Cement Bhd's Price to Graham Number ratio for today is 1.79.
The historical rank and industry rank for Malayan Cement Bhd's Graham Number or its related term are showing as below:
XKLS:3794'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.69 Med: 3.18 Max: 11.75
Current: 1.79
During the past 13 years, the highest Price to Graham Number ratio of Malayan Cement Bhd was 11.75. The lowest was 1.69. And the median was 3.18.
XKLS:3794's Price-to-Graham-Number is ranked worse than 77.21% of 272
companies
in the Building Materials industry
Industry Median: 0.99
vs XKLS:3794: 1.79
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Malayan Cement Bhd (XKLS:3794) 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.
Malayan Cement Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
6.42
/
3.58
=
1.79
* 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.
Malayan Cement Bhd Graham Number Related Terms
Malayan Cement Bhd Graham Number Historical Data
* Premium members only.
The historical data trend for Malayan Cement 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:3794 vs CRH, VMC, MLM: Graham Number Comparison
For the Building Materials subindustry, Malayan Cement 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.
Malayan Cement Bhd Price-to-Graham-Number vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Malayan Cement Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Malayan Cement 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.
Malayan Cement Bhd (XKLS:3794) has a Graham Number of RM3.58 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Malayan Cement Bhd and its competitors. This is 13% above median its historical median of 3.18. Over the past decade, Malayan Cement Bhd's Graham Number has ranged from 1.69 to 11.75. According to the industry distribution chart, Malayan Cement Bhd ranks #210 out of 272 companies in the Building Materials industry, placing it in the top 77.2%.
Is Malayan Cement Bhd's Graham Number too high?
Malayan Cement Bhd's current Graham Number of RM3.58 is 13% above median its 10-year median of 3.18. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 11.75. Based on the distribution chart, Malayan Cement Bhd ranks #210 out of 272 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Malayan Cement Bhd has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malayan Cement Bhd's Graham Number compare to CRH and VMC?
According to the Building Materials industry distribution chart, Malayan Cement Bhd ranks #210 out of 272 companies for Graham Number. This places Malayan Cement Bhd in the lower half of its industry. The industry median Graham Number is 0.99. Historically, Malayan Cement Bhd's own Graham Number has ranged from 1.69 to 11.75 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 Building Materials company?
The median Graham Number among Building Materials companies is 0.99, based on 272 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 Malayan Cement Bhd and its competitors. For the Building Materials industry, the median Graham Number is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malayan Cement Bhd's current Graham Number is RM3.58, which is 13% above median its own 10-year median of 3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malayan Cement Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malayan Cement Bhd (XKLS:3794) is currently considered Modestly Overvalued. The stock's GF Value™ is RM5.54, compared to a current price of RM6.42 — trading 15.9% above its estimated fair value. The current Graham Number is RM3.58, which is 13% above median its 10-year median of 3.18. Malayan Cement Bhd's overall GF Score™ is 72/100 with 3 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 Malayan Cement Bhd (XKLS:3794), the current Graham Number is RM3.58 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 Malayan Cement Bhd (XKLS:3794) Overvalued in 2026?
Based on GuruFocus' analysis, Malayan Cement Bhd stock appears to be overvalued.
The current stock price of RM6.42 is trading 15.9% above its estimated GF Value™ of RM5.54.
GuruFocus considers Malayan Cement Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:3794:
Graham Number: RM3.58 (13% above median its 10-year median of 3.18)
GF Value™: RM5.54 vs. price of RM6.42 (15.9% above fair value)
No single metric tells the full story. See the XKLS:3794 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malayan Cement Bhd is a cement and building materials group in Malaysia and Singapore. It is a producer of cement, ready-mixed concrete, drymix, and quarry products, which are used in the residential and commercial building industry and also have various applications in infrastructure and other industries. The company's operating divisions are Cement, and Aggregates and Concrete. A majority of its revenue is generated from the Cement segment which also includes its drymix and waste management business. Geographically, it derives key revenue from Malaysia and the rest from Singapore.
72GF Score
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