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Naim Holdings BhdXKLS:5073 33 Graham Number is RM2.13 as of Mar. 2026, which is 100% below its 10-year median of 0.30. GuruFocus rates XKLS:5073 with a GF Score™ of 33/100 and a GF Value™ of RM0.41 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,217 Construction companies, Naim Holdings Bhd ranks better than 89.73% 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 (2026-07-31), the stock price of Naim Holdings Bhd is RM0.82. Naim Holdings Bhd's graham number for the quarter that ended in Mar. 2026 was RM2.13. Therefore, Naim Holdings Bhd's Price to Graham Number ratio for today is 0.39.
The historical rank and industry rank for Naim Holdings Bhd's Graham Number or its related term are showing as below:
XKLS:5073'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.08 Med: 0.3 Max: 3.11
Current: 0.38
During the past 13 years, the highest Price to Graham Number ratio of Naim Holdings Bhd was 3.11. The lowest was 0.08. And the median was 0.30.
XKLS:5073's Price-to-Graham-Number is ranked better than 89.73% of 1217
companies
in the Construction industry
Industry Median: 1
vs XKLS:5073: 0.38
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Naim Holdings Bhd (XKLS:5073) 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.
Naim Holdings Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.82
/
2.13
=
0.39
* 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.
Naim Holdings Bhd Graham Number Related Terms
Naim Holdings Bhd Graham Number Historical Data
* Premium members only.
The historical data trend for Naim Holdings 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:5073 vs PWR, FIX, EME: Graham Number Comparison
For the Engineering & Construction subindustry, Naim Holdings 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.
Naim Holdings Bhd Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Naim Holdings Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Naim Holdings 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.
Naim Holdings Bhd (XKLS:5073) has a Graham Number of RM2.13 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Naim Holdings Bhd and its competitors. This is 610% above median its historical median of 0.30. Over the past decade, Naim Holdings Bhd's Graham Number has ranged from 0.08 to 3.11. According to the industry distribution chart, Naim Holdings Bhd ranks #125 out of 1217 companies in the Construction industry, placing it in the top 10.3%.
Is Naim Holdings Bhd's Graham Number too high?
Naim Holdings Bhd's current Graham Number of RM2.13 is 610% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.08 to a high of 3.11. Based on the distribution chart, Naim Holdings Bhd ranks #125 out of 1217 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Naim Holdings Bhd has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Naim Holdings Bhd's Graham Number compare to PWR and FIX?
According to the Construction industry distribution chart, Naim Holdings Bhd ranks #125 out of 1217 companies for Graham Number. This places Naim Holdings Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.00. Historically, Naim Holdings Bhd's own Graham Number has ranged from 0.08 to 3.11 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 1,217 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 Naim Holdings 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. Naim Holdings Bhd's current Graham Number is RM2.13, which is 610% above median its own 10-year median of 0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Naim Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Naim Holdings Bhd (XKLS:5073) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.41, compared to a current price of RM0.82 — trading 100% above its estimated fair value. The current Graham Number is RM2.13, which is 610% above median its 10-year median of 0.30. Naim Holdings Bhd's overall GF Score™ is 33/100 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 Naim Holdings Bhd (XKLS:5073), the current Graham Number is RM2.13 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.
Is Naim Holdings Bhd (XKLS:5073) Overvalued in 2026?
Based on GuruFocus' analysis, Naim Holdings Bhd stock appears to be overvalued.
The current stock price of RM0.82 is trading 100% above its estimated GF Value™ of RM0.41.
GuruFocus considers Naim Holdings Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5073:
Graham Number: RM2.13 (610% above median its 10-year median of 0.30)
GF Value™: RM0.41 vs. price of RM0.82 (100% above fair value)
No single metric tells the full story. See the XKLS:5073 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Naim Holdings Bhd is an investment holding company engaged in property developments, construction, civil engineering, infrastructure projects, and oil and gas services. It operates in three reportable segments. The property development segment includes the development and construction of residential and commercial properties and the sale of vacant land. The Construction segment includes the construction of buildings, roads, bridges, and other infrastructures and engineering works, including oil and gas-related construction projects, and Other segments include the manufacture and sale of buildings and construction materials, property investment, and quarry operation. It generates maximum revenue from the Construction segment. The Group is mainly domiciled in Malaysia.
33GF Score
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