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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.
XKLS:5212'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.15 Med: 1 Max: 2.31
Current: 0.2
During the past 13 years, the highest Price to Graham Number ratio of Pavilion Real Estate Investment Trust was 2.31. The lowest was 0.15. And the median was 1.00.
XKLS:5212's Price-to-Graham-Number is ranked better than 97.38% of 724
companies
in the REITs industry
Industry Median: 0.735
vs XKLS:5212: 0.20
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Pavilion Real Estate Investment Trust (XKLS:5212) 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.
Pavilion Real Estate Investment Trust's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
1.74
/
8.64
=
0.20
* 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.
Pavilion Real Estate Investment Trust Graham Number Related Terms
Pavilion Real Estate Investment Trust Graham Number Historical Data
* 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.
Pavilion Real Estate Investment Trust Graham Number Chart
XKLS:5212 vs SPG, O, KIM: Graham Number Comparison
For the REIT - Retail subindustry, Pavilion Real Estate Investment Trust'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.
Pavilion Real Estate Investment Trust Price-to-Graham-Number vs REITs Industry
For the REITs industry and Real Estate sector, Pavilion Real Estate Investment Trust's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Pavilion Real Estate Investment Trust'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.
Pavilion Real Estate Investment Trust (XKLS:5212) has a Graham Number of RM8.64 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Pavilion Real Estate Investment Trust and its competitors. This is 764% above median its historical median of 1.00. Over the past decade, Pavilion Real Estate Investment Trust's Graham Number has ranged from 0.15 to 2.31. According to the industry distribution chart, Pavilion Real Estate Investment Trust ranks #19 out of 724 companies in the REITs industry, placing it in the top 2.6%.
Is Pavilion Real Estate Investment Trust's Graham Number too high?
Pavilion Real Estate Investment Trust's current Graham Number of RM8.64 is 764% above median its 10-year median of 1.00. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 2.31. Based on the distribution chart, Pavilion Real Estate Investment Trust ranks #19 out of 724 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Pavilion Real Estate Investment Trust has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Pavilion Real Estate Investment Trust's Graham Number compare to SPG and O?
According to the REITs industry distribution chart, Pavilion Real Estate Investment Trust ranks #19 out of 724 companies for Graham Number. This places Pavilion Real Estate Investment Trust in the top 3% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.74. Historically, Pavilion Real Estate Investment Trust's own Graham Number has ranged from 0.15 to 2.31 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 REITs company?
The median Graham Number among REITs companies is 0.74, based on 724 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 Pavilion Real Estate Investment Trust and its competitors. For the REITs industry, the median Graham Number is 0.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pavilion Real Estate Investment Trust's current Graham Number is RM8.64, which is 764% above median its own 10-year median of 1.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pavilion Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Pavilion Real Estate Investment Trust (XKLS:5212) is currently considered Fairly Valued. The stock's GF Value™ is RM1.59, compared to a current price of RM1.74 — trading 9.4% above its estimated fair value. The current Graham Number is RM8.64, which is 764% above median its 10-year median of 1.00. Pavilion Real Estate Investment Trust's overall GF Score™ is 79/100 with 9 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 Pavilion Real Estate Investment Trust (XKLS:5212), the current Graham Number is RM8.64 as of Jun. 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 Pavilion Real Estate Investment Trust (XKLS:5212) Overvalued in 2026?
Based on GuruFocus' analysis, Pavilion Real Estate Investment Trust stock appears to be overvalued.
The current stock price of RM1.74 is trading 9.4% above its estimated GF Value™ of RM1.59.
GuruFocus considers Pavilion Real Estate Investment Trust to be Fairly Valued.
Key valuation signals for XKLS:5212:
Graham Number: RM8.64 (764% above median its 10-year median of 1.00)
GF Value™: RM1.59 vs. price of RM1.74 (9.4% above fair value)
No single metric tells the full story. See the XKLS:5212 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pavilion Real Estate Investment Trust is a REIT established with the principal investment policy of investing, directly and indirectly, in a diversified portfolio of income-producing real estate used predominantly for retail purposes in Malaysia and other countries within the Asia-Pacific region, as well as real estate-related assets. The primary objective is to provide unitholders with regular and stable distributions and achieve long-term growth in net asset value per unit, while maintaining an appropriate capital structure. The company has three reportable segments: Retail, Office, and Hotel. The Retail segment generates the maximum revenue.
79GF Score
Get the complete analysis for XKLS:5212
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