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HeveaBoard BhdXKLS:5095 24 Graham Number is RMN/A as of Mar. 2026. GuruFocus rates XKLS:5095 with a GF Score™ of 24/100 and a GF Value™ of RM0.25 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 169 Forest Products companies, HeveaBoard Bhd ranks worse than 591715.38% 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 HeveaBoard Bhd is RM0.11. HeveaBoard Bhd's graham number for the quarter that ended in Mar. 2026 was RMN/A. Therefore, HeveaBoard Bhd's Price to Graham Number ratio for today is N/A.
The historical rank and industry rank for HeveaBoard Bhd's Graham Number or its related term are showing as below:
During the past 13 years, the highest Price to Graham Number ratio of HeveaBoard Bhd was 2.09. The lowest was 0.48. And the median was 0.88.
XKLS:5095's Price-to-Graham-Number is not ranked *
in the Forest Products industry.
Industry Median: 0.88 * Ranked among companies with meaningful Price-to-Graham-Number only.
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
HeveaBoard Bhd (XKLS:5095) 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.
HeveaBoard Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.11
/
N/A
=
N/A
* 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.
HeveaBoard Bhd Graham Number Related Terms
HeveaBoard Bhd Graham Number Historical Data
* Premium members only.
The historical data trend for HeveaBoard 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:5095 vs SSD, UFPI, BCC: Graham Number Comparison
For the Lumber & Wood Production subindustry, HeveaBoard 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.
HeveaBoard Bhd Price-to-Graham-Number vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, HeveaBoard Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where HeveaBoard 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.
HeveaBoard Bhd (XKLS:5095) has a Graham Number of RMN/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on HeveaBoard Bhd and its competitors. Over the past decade, HeveaBoard Bhd's Graham Number has ranged from 0.48 to 2.09. According to the industry distribution chart, HeveaBoard Bhd ranks #999999 out of 169 companies in the Forest Products industry.
Is HeveaBoard Bhd's Graham Number too high?
HeveaBoard Bhd's current Graham Number is RMN/A. Over the past 10 years, this metric has ranged from a low of 0.48 to a high of 2.09. Based on the distribution chart, HeveaBoard Bhd ranks #999999 out of 169 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, HeveaBoard Bhd has a GF Score™ of 24/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HeveaBoard Bhd's Graham Number compare to SSD and UFPI?
According to the Forest Products industry distribution chart, HeveaBoard Bhd ranks #999999 out of 169 companies for Graham Number. This places HeveaBoard Bhd in the lower half of its industry. The industry median Graham Number is 0.88. Historically, HeveaBoard Bhd's own Graham Number has ranged from 0.48 to 2.09 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 a Forest Products company?
The median Graham Number among Forest Products companies is 0.88, based on 169 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 HeveaBoard Bhd and its competitors. For the Forest Products industry, the median Graham Number is 0.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HeveaBoard Bhd's current Graham Number is RMN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HeveaBoard Bhd stock overvalued right now?
Based on GuruFocus' analysis, HeveaBoard Bhd (XKLS:5095) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.25, compared to a current price of RM0.11 — trading 56% below its estimated fair value. The current Graham Number is RMN/A. HeveaBoard Bhd's overall GF Score™ is 24/100 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 HeveaBoard Bhd (XKLS:5095), the current Graham Number is RMN/A 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 HeveaBoard Bhd (XKLS:5095) Overvalued in 2026?
Based on GuruFocus' analysis, HeveaBoard Bhd stock appears to be undervalued.
The current stock price of RM0.11 is trading 56% below its estimated GF Value™ of RM0.25.
GuruFocus considers HeveaBoard Bhd to be Possible Value Trap.
Key valuation signals for XKLS:5095:
Graham Number: RMN/A
GF Value™: RM0.25 vs. price of RM0.11 (56% below fair value)
No single metric tells the full story. See the XKLS:5095 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HeveaBoard Bhd operates in the particleboard business. It is engaged in the manufacturing, trading, and distribution of a wide range of particleboard and particleboard-based products. It operates through the Particleboards segment, Ready-to-assemble products segment, Cultivation and trading of gourmet fungi segment, and Other segments. The Particleboards segment is involved in the business of manufacturing and trading of particleboards and other panel boards. The Ready-to-assemble segment generates maximum revenue and is involved in the business of manufacturing and trading of ready-to-assemble furniture. The Others segment is engaged in investment holding. Its products are used for furniture components, dining sets, speaker boxes, door manufacturing, and office systems.
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