IHH Healthcare Bhd (XKLS:5225) Graham Number: RM2.36 (As of Mar. 2026) — 24% Below Median

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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.
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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:5225 IHH Healthcare Bhd XKLS:5225
87 GF Score
Price RM8.32
GF Value RM8.18
Valuation Fairly Valued
! 11 Warning Signs
View Full Analysis

What is IHH Healthcare Bhd Graham Number?

IHH Healthcare Bhd XKLS:5225 -1.30% 87 Graham Number is RM2.36 as of Mar. 2026, which is 100% below its 10-year median of 3.11. GuruFocus rates XKLS:5225 with a GF Score™ of 87/100 and a GF Value™ of RM8.18 (Fairly Valued). The stock has 11 warning signs investors should review. Among 368 Healthcare Providers & Services companies, IHH Healthcare Bhd ranks worse than 80.71% 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 (2026-08-06), the stock price of IHH Healthcare Bhd is RM8.32. IHH Healthcare Bhd's graham number for the quarter that ended in Mar. 2026 was RM2.36. Therefore, IHH Healthcare Bhd's Price to Graham Number ratio for today is 3.53.

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

XKLS:5225' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.67   Med: 3.11   Max: 6.25
Current: 3.53

During the past 13 years, the highest Price to Graham Number ratio of IHH Healthcare Bhd was 6.25. The lowest was 0.67. And the median was 3.11.

XKLS:5225's Price-to-Graham-Number is ranked worse than
80.71% of 368 companies
in the Healthcare Providers & Services industry
Industry Median: 1.665 vs XKLS:5225: 3.53

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


IHH Healthcare Bhd  (XKLS:5225) 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.

IHH Healthcare Bhd's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=8.32/2.36
=3.53

* 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.


IHH Healthcare Bhd Graham Number Related Terms


IHH Healthcare Bhd Graham Number Historical Data

* Premium members only.

The historical data trend for IHH Healthcare 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.

IHH Healthcare Bhd Graham Number Chart

IHH Healthcare Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.07 2.07 2.09 2.23 2.42

IHH Healthcare 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 2.27 2.29 2.23 2.38 2.36

XKLS:5225 vs HCA, THC, DVA: Graham Number Comparison

For the Medical Care Facilities subindustry, IHH Healthcare 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.


IHH Healthcare Bhd Price-to-Graham-Number vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, IHH Healthcare Bhd's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where IHH Healthcare Bhd's Price-to-Graham-Number falls into.


XKLS:5225
87GF Score
IHH Healthcare Bhd XKLS:5225
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IHH Healthcare Bhd Graham Number Calculation

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

IHH Healthcare Bhd's Graham Number for the fiscal year that ended in Dec. 2025 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*1.224*0.213)
=2.42

IHH Healthcare 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*1.175*0.21)
=2.36

* 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 RM2.36 mean?
IHH Healthcare Bhd (XKLS:5225) has a Graham Number of RM2.36 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on IHH Healthcare Bhd and its competitors. This is 24% below median its historical median of 3.11. Over the past decade, IHH Healthcare Bhd's Graham Number has ranged from 0.67 to 6.25. According to the industry distribution chart, IHH Healthcare Bhd ranks #297 out of 368 companies in the Healthcare Providers & Services industry, placing it in the top 80.7%.
Is IHH Healthcare Bhd's Graham Number too high?
IHH Healthcare Bhd's current Graham Number of RM2.36 is 24% below median its 10-year median of 3.11. Over the past 10 years, this metric has ranged from a low of 0.67 to a high of 6.25. Based on the distribution chart, IHH Healthcare Bhd ranks #297 out of 368 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, IHH Healthcare Bhd has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IHH Healthcare Bhd's Graham Number compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, IHH Healthcare Bhd ranks #297 out of 368 companies for Graham Number. This places IHH Healthcare Bhd in the lower half of its industry. The industry median Graham Number is 1.67. Historically, IHH Healthcare Bhd's own Graham Number has ranged from 0.67 to 6.25 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 Healthcare Providers & Services company?
The median Graham Number among Healthcare Providers & Services companies is 1.67, based on 368 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 IHH Healthcare Bhd and its competitors. For the Healthcare Providers & Services industry, the median Graham Number is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IHH Healthcare Bhd's current Graham Number is RM2.36, which is 24% below median its own 10-year median of 3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IHH Healthcare Bhd stock overvalued right now?
Based on GuruFocus' analysis, IHH Healthcare Bhd (XKLS:5225) is currently considered Fairly Valued. The stock's GF Value™ is RM8.18, compared to a current price of RM8.32 — trading 1.7% above its estimated fair value. The current Graham Number is RM2.36, which is 24% below median its 10-year median of 3.11. IHH Healthcare Bhd's overall GF Score™ is 87/100 with 11 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 IHH Healthcare Bhd (XKLS:5225), the current Graham Number is RM2.36 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 IHH Healthcare Bhd (XKLS:5225) Overvalued in 2026?

Based on GuruFocus' analysis, IHH Healthcare Bhd stock appears to be overvalued. The current stock price of RM8.32 is trading 1.7% above its estimated GF Value™ of RM8.18. GuruFocus considers IHH Healthcare Bhd to be Fairly Valued.

Key valuation signals for XKLS:5225:

  • Graham Number: RM2.36 (24% below median its 10-year median of 3.11)
  • GF Value™: RM8.18 vs. price of RM8.32 (1.7% above fair value)
  • GF Score™: 87/100 with 11 warning signs

No single metric tells the full story. See the XKLS:5225 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IHH Healthcare Bhd Business Description

Other Exchanges IHHHF:USAQ0F:Singapore
Address 3 Jalan Bangsar, Level 35, Mercu Aspire, KL Eco City, Wilayah Persekutuan, Kuala Lumpur, MYS, 59200
IHH Healthcare Bhd is an investment holding company. Through its subsidiaries, it is a healthcare services provider that operates a network of hospitals. It also provides ancillary services, which include diagnostic laboratories, imaging centers, ambulatory care, and medical education facilities. The company's reportable segments include Healthcare services, Laboratories services, and Management fees. The majority of its revenue is generated from the Healthcare services segment, which relates to contracts with patients in which performance obligations are to provide healthcare services. Geographically, the company derives maximum revenue from Turkiye and Europe, followed by Singapore, Malaysia, India, Greater China, and Others.
87GF Score

Get the complete analysis for XKLS:5225

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

RM8.32
Price
RM8.18
GF Value