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Hong Leong Capital BhdXKLS:5274 55 Graham Number is RM5.09 as of Mar. 2026, which is 100% below its 10-year median of 1.40. GuruFocus rates XKLS:5274 with a GF Score™ of 55/100 and a GF Value™ of RM3.62 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 527 Capital Markets companies, Hong Leong Capital Bhd ranks better than 77.61% 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.
The historical rank and industry rank for Hong Leong Capital Bhd's Graham Number or its related term are showing as below:
XKLS:5274'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.61 Med: 1.4 Max: 2.57
Current: 0.62
During the past 13 years, the highest Price to Graham Number ratio of Hong Leong Capital Bhd was 2.57. The lowest was 0.61. And the median was 1.40.
XKLS:5274's Price-to-Graham-Number is ranked better than 77.61% of 527
companies
in the Capital Markets industry
Industry Median: 1.12
vs XKLS:5274: 0.62
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Hong Leong Capital Bhd (XKLS:5274) 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.
Hong Leong Capital Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
3.18
/
5.09
=
0.62
* 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.
Hong Leong Capital Bhd Graham Number Related Terms
Hong Leong Capital Bhd 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.
XKLS:5274 vs MS, GS, SCHW: Graham Number Comparison
For the Capital Markets subindustry, Hong Leong Capital 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.
Hong Leong Capital Bhd Price-to-Graham-Number vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Hong Leong Capital Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Hong Leong Capital 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.
Hong Leong Capital Bhd (XKLS:5274) has a Graham Number of RM5.09 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Hong Leong Capital Bhd and its competitors. This is 264% above median its historical median of 1.40. Over the past decade, Hong Leong Capital Bhd's Graham Number has ranged from 0.61 to 2.57. According to the industry distribution chart, Hong Leong Capital Bhd ranks #118 out of 527 companies in the Capital Markets industry, placing it in the top 22.4%.
Is Hong Leong Capital Bhd's Graham Number too high?
Hong Leong Capital Bhd's current Graham Number of RM5.09 is 264% above median its 10-year median of 1.40. Over the past 10 years, this metric has ranged from a low of 0.61 to a high of 2.57. Based on the distribution chart, Hong Leong Capital Bhd ranks #118 out of 527 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Hong Leong Capital Bhd has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Hong Leong Capital Bhd's Graham Number compare to MS and GS?
According to the Capital Markets industry distribution chart, Hong Leong Capital Bhd ranks #118 out of 527 companies for Graham Number. This places Hong Leong Capital Bhd in the top 22% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.12. Historically, Hong Leong Capital Bhd's own Graham Number has ranged from 0.61 to 2.57 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 Capital Markets company?
The median Graham Number among Capital Markets companies is 1.12, based on 527 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 Hong Leong Capital Bhd and its competitors. For the Capital Markets industry, the median Graham Number is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hong Leong Capital Bhd's current Graham Number is RM5.09, which is 264% above median its own 10-year median of 1.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hong Leong Capital Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hong Leong Capital Bhd (XKLS:5274) is currently considered Modestly Undervalued. The stock's GF Value™ is RM3.62, compared to a current price of RM3.18 — trading 12.2% below its estimated fair value. The current Graham Number is RM5.09, which is 264% above median its 10-year median of 1.40. Hong Leong Capital Bhd's overall GF Score™ is 55/100 with 2 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 Hong Leong Capital Bhd (XKLS:5274), the current Graham Number is RM5.09 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 Hong Leong Capital Bhd (XKLS:5274) Overvalued in 2026?
Based on GuruFocus' analysis, Hong Leong Capital Bhd stock appears to be undervalued.
The current stock price of RM3.18 is trading 12.2% below its estimated GF Value™ of RM3.62.
GuruFocus considers Hong Leong Capital Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5274:
Graham Number: RM5.09 (264% above median its 10-year median of 1.40)
GF Value™: RM3.62 vs. price of RM3.18 (12.2% below fair value)
No single metric tells the full story. See the XKLS:5274 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hong Leong Capital Bhd is an investment holding company. Along with its subsidiaries, it offers various financial services in the areas of investment banking, stockbroking, futures broking, nominees and custodian services, unit trust and fund management, and related financial services, and investment management services. The group's operating business segments are: Investment banking and stockbroking, Fund management and unit trust management, and Investment holding and others. The majority of its revenue is generated from the Investment banking and stockbroking segment. Geographically, the group operates only in Malaysia.
55GF Score
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