Shin Yang Group Bhd (XKLS:5173) Graham Number: RM1.95 (As of Mar. 2026) — 388% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

XKLS:5173 Shin Yang Group Bhd XKLS:5173
68 GF Score
Price RM0.75
GF Value RM1.45
Valuation Significantly Undervalued
View Full Analysis

What is Shin Yang Group Bhd Graham Number?

Shin Yang Group Bhd XKLS:5173 68 Graham Number is RM1.95 as of Mar. 2026, which is 100% below its 10-year median of 0.40. GuruFocus rates XKLS:5173 with a GF Score™ of 68/100 and a GF Value™ of RM1.45 (Significantly Undervalued). Among 740 Transportation companies, Shin Yang Group Bhd ranks better than 93.78% 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 (2026-08-07), the stock price of Shin Yang Group Bhd is RM0.745. Shin Yang Group Bhd's graham number for the quarter that ended in Mar. 2026 was RM1.95. Therefore, Shin Yang Group Bhd's Price to Graham Number ratio for today is 0.38.

The historical rank and industry rank for Shin Yang Group Bhd's Graham Number or its related term are showing as below:

XKLS:5173' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.25   Med: 0.4   Max: 1.21
Current: 0.38

During the past 13 years, the highest Price to Graham Number ratio of Shin Yang Group Bhd was 1.21. The lowest was 0.25. And the median was 0.40.

XKLS:5173's Price-to-Graham-Number is ranked better than
93.78% of 740 companies
in the Transportation industry
Industry Median: 1.02 vs XKLS:5173: 0.38

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Shin Yang Group Bhd  (XKLS:5173) 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.

Shin Yang Group Bhd's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=0.745/1.95
=0.38

* 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.


Shin Yang Group Bhd Graham Number Related Terms


Shin Yang Group Bhd Graham Number Historical Data

* Premium members only.

The historical data trend for Shin Yang Group 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.

Shin Yang Group Bhd Graham Number Chart

Shin Yang Group Bhd Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.52 1.65 2.01 1.56

Shin Yang Group Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.93 1.99 2.07 2.00 1.95

Shin Yang Group Bhd Graham Number Competitor Comparison

For the Marine Shipping subindustry, Shin Yang Group 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.


Shin Yang Group Bhd Price-to-Graham-Number vs Transportation Industry

For the Transportation industry and Industrials sector, Shin Yang Group Bhd's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Shin Yang Group Bhd's Price-to-Graham-Number falls into.


XKLS:5173
68GF Score
Shin Yang Group Bhd XKLS:5173
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shin Yang Group Bhd Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Shin Yang Group Bhd's Graham Number for the fiscal year that ended in Jun. 2024 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1.137*0.095)
=1.56

Shin Yang Group Bhd's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*1.287*0.131)
=1.95

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of RM1.95 mean?
Shin Yang Group Bhd (XKLS:5173) has a Graham Number of RM1.95 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Shin Yang Group Bhd and its competitors. This is 388% above median its historical median of 0.40. Over the past decade, Shin Yang Group Bhd's Graham Number has ranged from 0.25 to 1.21. According to the industry distribution chart, Shin Yang Group Bhd ranks #46 out of 740 companies in the Transportation industry, placing it in the top 6.2%.
Is Shin Yang Group Bhd's Graham Number too high?
Shin Yang Group Bhd's current Graham Number of RM1.95 is 388% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 1.21. Based on the distribution chart, Shin Yang Group Bhd ranks #46 out of 740 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Shin Yang Group Bhd has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shin Yang Group Bhd's Graham Number compare to competitors?
According to the Transportation industry distribution chart, Shin Yang Group Bhd ranks #46 out of 740 companies for Graham Number. This places Shin Yang Group Bhd in the top 6% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.02. Historically, Shin Yang Group Bhd's own Graham Number has ranged from 0.25 to 1.21 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 Transportation company?
The median Graham Number among Transportation companies is 1.02, based on 740 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 Shin Yang Group Bhd and its competitors. For the Transportation industry, the median Graham Number is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shin Yang Group Bhd's current Graham Number is RM1.95, which is 388% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shin Yang Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Shin Yang Group Bhd (XKLS:5173) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.45, compared to a current price of RM0.75 — trading 48.6% below its estimated fair value. The current Graham Number is RM1.95, which is 388% above median its 10-year median of 0.40. Shin Yang Group Bhd's overall GF Score™ is 68/100. 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 Shin Yang Group Bhd (XKLS:5173), the current Graham Number is RM1.95 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 Shin Yang Group Bhd (XKLS:5173) Overvalued in 2026?

Based on GuruFocus' analysis, Shin Yang Group Bhd stock appears to be undervalued. The current stock price of RM0.75 is trading 48.6% below its estimated GF Value™ of RM1.45. GuruFocus considers Shin Yang Group Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:5173:

  • Graham Number: RM1.95 (388% above median its 10-year median of 0.40)
  • GF Value™: RM1.45 vs. price of RM0.75 (48.6% below fair value)
  • GF Score™: 68/100

No single metric tells the full story. See the XKLS:5173 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shin Yang Group Bhd Business Description

Address Sublot 153, Parent Lot 70, Jalan Kuala Baram, Kuala Baram, Miri, SWK, MYS, 98100
Shin Yang Group Bhd core business operations span shipping, shipbuilding, and ship repair. Its shipping division is diversified across multiple segments, including dry bulk, liquid bulk, containerised cargo, coastal shipping, barge and tug operations, as well as regional logistics with door-to-door solutions. Its segments are: Shipbuilding, ship repair and fabrication of metal structures; Shipping, which carries out shipping business in coastal and regional routes within Malaysia and ASEAN region and international routes; Land transportation and hiring services; Manufacturing, distribution and marketing of industrial gases, provision of services and maintenance, and trading in welding equipment and machinery; Automotive dealership, which generates maximum revenue; and Others.
68GF Score

Get the complete analysis for XKLS:5173

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.75
Price
RM1.45
GF Value