Tropicana Bhd (XKLS:5401) Graham Number: RMN/A (As of Mar. 2026)

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Vera Yuan
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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:5401 Tropicana Corp Bhd XKLS:5401
55 GF Score
Price RM1.21
GF Value RM1.42
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Tropicana Bhd Graham Number?

Tropicana Bhd XKLS:5401 55 Graham Number is RMN/A as of Mar. 2026. GuruFocus rates XKLS:5401 with a GF Score™ of 55/100 and a GF Value™ of RM1.42 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,168 Real Estate companies, Tropicana Bhd ranks worse than 85616.35% 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 (2026-08-05), the stock price of Tropicana Bhd is RM1.21. Tropicana Bhd's graham number for the quarter that ended in Mar. 2026 was RMN/A. Therefore, Tropicana Bhd's Price to Graham Number ratio for today is N/A.

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

During the past 13 years, the highest Price to Graham Number ratio of Tropicana Bhd was 1.13. The lowest was 0.24. And the median was 0.36.

XKLS:5401's Price-to-Graham-Number is not ranked *
in the Real Estate industry.
Industry Median: 0.74
* Ranked among companies with meaningful Price-to-Graham-Number only.

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


Tropicana Bhd  (XKLS:5401) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=1.21/N/A
=N/A

* 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.


Tropicana Bhd Graham Number Related Terms


Tropicana Bhd Graham Number Historical Data

* Premium members only.

The historical data trend for Tropicana 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.

Tropicana Bhd Graham Number Chart

Tropicana 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 0.00 0.00 0.00 0.00 0.00

Tropicana 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 0.00 0.00 1.68 0.00 0.00

Tropicana Bhd Graham Number Competitor Comparison

For the Real Estate - Development subindustry, Tropicana 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.


Tropicana Bhd Price-to-Graham-Number vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Tropicana Bhd's Price-to-Graham-Number distribution charts can be found below:

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


XKLS:5401
55GF Score
Tropicana Corp Bhd XKLS:5401
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tropicana Bhd Graham Number Calculation

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

Tropicana 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*1.801*-0.052)
=N/A

Tropicana 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*1.753*-0.059)
=N/A

* 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 RMN/A mean?
Tropicana Bhd (XKLS:5401) has a Graham Number of RMN/A as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Tropicana Bhd and its competitors. Over the past decade, Tropicana Bhd's Graham Number has ranged from 0.24 to 1.13. According to the industry distribution chart, Tropicana Bhd ranks #999999 out of 1168 companies in the Real Estate industry.
Is Tropicana Bhd's Graham Number too high?
Tropicana Bhd's current Graham Number is RMN/A. Over the past 10 years, this metric has ranged from a low of 0.24 to a high of 1.13. Based on the distribution chart, Tropicana Bhd ranks #999999 out of 1168 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Tropicana 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 Tropicana Bhd's Graham Number compare to competitors?
According to the Real Estate industry distribution chart, Tropicana Bhd ranks #999999 out of 1168 companies for Graham Number. This places Tropicana Bhd in the lower half of its industry. The industry median Graham Number is 0.74. Historically, Tropicana Bhd's own Graham Number has ranged from 0.24 to 1.13 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 Real Estate company?
The median Graham Number among Real Estate companies is 0.74, based on 1,168 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 Tropicana Bhd and its competitors. For the Real Estate 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. Tropicana Bhd's current Graham Number is RMN/A. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tropicana Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tropicana Bhd (XKLS:5401) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.42, compared to a current price of RM1.21 — trading 14.8% below its estimated fair value. The current Graham Number is RMN/A. Tropicana Bhd's overall GF Score™ is 55/100 with 5 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 Tropicana Bhd (XKLS:5401), the current Graham Number is RMN/A 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 Tropicana Bhd (XKLS:5401) Overvalued in 2026?

Based on GuruFocus' analysis, Tropicana Bhd stock appears to be undervalued. The current stock price of RM1.21 is trading 14.8% below its estimated GF Value™ of RM1.42. GuruFocus considers Tropicana Bhd to be Modestly Undervalued.

Key valuation signals for XKLS:5401:

  • Graham Number: RMN/A
  • GF Value™: RM1.42 vs. price of RM1.21 (14.8% below fair value)
  • GF Score™: 55/100 with 5 warning signs

No single metric tells the full story. See the XKLS:5401 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tropicana Bhd Business Description

Address No. 2A, Persiaran Surian, Unit 1301, Level 13, Tropicana Gardens Office Tower, Tropicana Indah, Petaling Jaya, SGR, MYS, 47810
Tropicana Corp Bhd has diversified business interests including Property Development & Property Management, Property Investment, Recreation & Resorts, Investment Holdings, and more. The company is organized into three segments - Property development and property management involved in the development of residential and commercial properties; Property investment, recreation, and resort involved in the management and operation of hotels, resorts, golf courses, clubhouse, and investments in commercial and other properties and Investment holding and others that provide landscape services, management and operation of private school services and other operations. Maximum revenue is generated by the property development and property management segment.
55GF Score

Get the complete analysis for XKLS:5401

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

RM1.21
Price
RM1.42
GF Value