Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Zhulian BhdXKLS:5131 -0.55%72 Graham Number is RM0.49 as of May. 2026, which is 100% below its 10-year median of 1.05. GuruFocus rates XKLS:5131 with a GF Score™ of 72/100 and a GF Value™ of RM1.19 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 732 Retail - Cyclical companies, Zhulian Bhd ranks worse than 68.72% 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 Zhulian Bhd is RM0.905. Zhulian Bhd's graham number for the quarter that ended in May. 2026 was RM0.49. Therefore, Zhulian Bhd's Price to Graham Number ratio for today is 1.85.
The historical rank and industry rank for Zhulian Bhd's Graham Number or its related term are showing as below:
XKLS:5131'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.69 Med: 1.05 Max: 1.85
Current: 1.85
During the past 13 years, the highest Price to Graham Number ratio of Zhulian Bhd was 1.85. The lowest was 0.69. And the median was 1.05.
XKLS:5131's Price-to-Graham-Number is ranked worse than 68.72% of 732
companies
in the Retail - Cyclical industry
Industry Median: 1.24
vs XKLS:5131: 1.85
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Zhulian Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: May. 2026 )
=
0.905
/
0.49
=
1.85
* 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.
Zhulian Bhd Graham Number Related Terms
Zhulian Bhd Graham Number Historical Data
* Premium members only.
The historical data trend for Zhulian 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.
For the Luxury Goods subindustry, Zhulian 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.
Zhulian Bhd Price-to-Graham-Number vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Zhulian Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Zhulian 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.
Zhulian Bhd (XKLS:5131) has a Graham Number of RM0.49 as of May. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Zhulian Bhd and its competitors. This is 53% below median its historical median of 1.05. Over the past decade, Zhulian Bhd's Graham Number has ranged from 0.69 to 1.85. According to the industry distribution chart, Zhulian Bhd ranks #503 out of 732 companies in the Retail - Cyclical industry, placing it in the top 68.7%.
Is Zhulian Bhd's Graham Number too high?
Zhulian Bhd's current Graham Number of RM0.49 is 53% below median its 10-year median of 1.05. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.85. Based on the distribution chart, Zhulian Bhd ranks #503 out of 732 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Zhulian Bhd has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhulian Bhd's Graham Number compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Zhulian Bhd ranks #503 out of 732 companies for Graham Number. This places Zhulian Bhd in the lower half of its industry. The industry median Graham Number is 1.24. Historically, Zhulian Bhd's own Graham Number has ranged from 0.69 to 1.85 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 Retail - Cyclical company?
The median Graham Number among Retail - Cyclical companies is 1.24, based on 732 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 Zhulian Bhd and its competitors. For the Retail - Cyclical industry, the median Graham Number is 1.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhulian Bhd's current Graham Number is RM0.49, which is 53% below median its own 10-year median of 1.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhulian Bhd stock overvalued right now?
Based on GuruFocus' analysis, Zhulian Bhd (XKLS:5131) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.19, compared to a current price of RM0.91 — trading 23.9% below its estimated fair value. The current Graham Number is RM0.49, which is 53% below median its 10-year median of 1.05. Zhulian Bhd's overall GF Score™ is 72/100 with 7 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 Zhulian Bhd (XKLS:5131), the current Graham Number is RM0.49 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 Zhulian Bhd (XKLS:5131) Overvalued in 2026?
Based on GuruFocus' analysis, Zhulian Bhd stock appears to be undervalued.
The current stock price of RM0.91 is trading 23.9% below its estimated GF Value™ of RM1.19.
GuruFocus considers Zhulian Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5131:
Graham Number: RM0.49 (53% below median its 10-year median of 1.05)
GF Value™: RM1.19 vs. price of RM0.91 (23.9% below fair value)
No single metric tells the full story. See the XKLS:5131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhulian Corp Bhd is an investment holding company based in Malaysia, operating principally in the direct selling industry. Through its subsidiaries, the Group is engaged in the manufacturing, distribution, marketing, and sale of jewellery and a diversified portfolio of consumer products. Its products include jewellery, beverages, health supplements, home wellness, therapeutic beddings, household products, and personal, baby and beauty care. The Group's operations are principally confined to the manufacture and sale of jewellery and consumer products on a direct sales basis, mainly carried out in Malaysia, Thailand, and Cambodia, with Thailand generating maximum revenue.
72GF Score
Get the complete analysis for XKLS:5131
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:5131 has been successfully added to your 
