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icapital biz BhdXKLS:5108 +0.40%52 Graham Number is RM0.98 as of May. 2026, which is 100% below its 10-year median of 2.02. GuruFocus rates XKLS:5108 with a GF Score™ of 52/100 and a GF Value™ of RM4.57 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,168 Asset Management companies, icapital biz Bhd ranks worse than 91.61% 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 (2026-08-11), the stock price of icapital biz Bhd is RM2.49. icapital biz Bhd's graham number for the quarter that ended in May. 2026 was RM0.98. Therefore, icapital biz Bhd's Price to Graham Number ratio for today is 2.53.
The historical rank and industry rank for icapital biz Bhd's Graham Number or its related term are showing as below:
XKLS:5108'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.47 Med: 2.02 Max: 3.07
Current: 2.54
During the past 13 years, the highest Price to Graham Number ratio of icapital biz Bhd was 3.07. The lowest was 1.47. And the median was 2.02.
XKLS:5108's Price-to-Graham-Number is ranked worse than 91.61% of 1168
companies
in the Asset Management industry
Industry Median: 0.7
vs XKLS:5108: 2.54
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
icapital biz Bhd (XKLS:5108) 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.
icapital biz Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: May. 2026 )
=
2.49
/
0.98
=
2.53
* 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.
icapital biz Bhd Graham Number Related Terms
icapital biz Bhd Graham Number Historical Data
* Premium members only.
The historical data trend for icapital biz 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:5108 vs BLK, BX, KKR: Graham Number Comparison
For the Asset Management subindustry, icapital biz 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.
icapital biz Bhd Price-to-Graham-Number vs Asset Management Industry
For the Asset Management industry and Financial Services sector, icapital biz Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where icapital biz 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.
icapital biz Bhd (XKLS:5108) has a Graham Number of RM0.98 as of May. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on icapital biz Bhd and its competitors. This is 51% below median its historical median of 2.02. Over the past decade, icapital biz Bhd's Graham Number has ranged from 1.47 to 3.07. According to the industry distribution chart, icapital biz Bhd ranks #1070 out of 1168 companies in the Asset Management industry, placing it in the top 91.6%.
Is icapital biz Bhd's Graham Number too high?
icapital biz Bhd's current Graham Number of RM0.98 is 51% below median its 10-year median of 2.02. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 3.07. Based on the distribution chart, icapital biz Bhd ranks #1070 out of 1168 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, icapital biz Bhd has a GF Score™ of 52/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does icapital biz Bhd's Graham Number compare to BLK and BX?
According to the Asset Management industry distribution chart, icapital biz Bhd ranks #1070 out of 1168 companies for Graham Number. This places icapital biz Bhd in the lower half of its industry. The industry median Graham Number is 0.70. Historically, icapital biz Bhd's own Graham Number has ranged from 1.47 to 3.07 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 Asset Management company?
The median Graham Number among Asset Management companies is 0.70, based on 1,168 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 icapital biz Bhd and its competitors. For the Asset Management industry, the median Graham Number is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. icapital biz Bhd's current Graham Number is RM0.98, which is 51% below median its own 10-year median of 2.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is icapital biz Bhd stock overvalued right now?
Based on GuruFocus' analysis, icapital biz Bhd (XKLS:5108) is currently considered Significantly Undervalued. The stock's GF Value™ is RM4.57, compared to a current price of RM2.49 — trading 45.5% below its estimated fair value. The current Graham Number is RM0.98, which is 51% below median its 10-year median of 2.02. icapital biz Bhd's overall GF Score™ is 52/100 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 icapital biz Bhd (XKLS:5108), the current Graham Number is RM0.98 as of May. 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 icapital biz Bhd (XKLS:5108) Overvalued in 2026?
Based on GuruFocus' analysis, icapital biz Bhd stock appears to be undervalued.
The current stock price of RM2.49 is trading 45.5% below its estimated GF Value™ of RM4.57.
GuruFocus considers icapital biz Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:5108:
Graham Number: RM0.98 (51% below median its 10-year median of 2.02)
GF Value™: RM4.57 vs. price of RM2.49 (45.5% below fair value)
No single metric tells the full story. See the XKLS:5108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
icapital biz Bhd is a Malaysia-based closed-end fund engaged in investing in a diversified portfolio of quoted securities. The fund's main objective is long-term capital appreciation through value investing in undervalued companies listed on Bursa Malaysia's Main and ACE Markets. It can also invest in cash deposits and up to 10% of its assets in unlisted companies. The fund is managed by Capital Dynamics Asset Management Sdn. Bhd., with Capital Dynamics Sdn. Bhd. as the investment adviser. Revenue and returns are generated through strategic investment in equities and other asset classes, focusing on sustainable growth and capital gains. The company operates mainly as an investment fund rather than traditional business operations.
52GF Score
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