OCB Bhd (XKLS:5533) Graham Number: RM2.47 (As of Mar. 2026) — 404% 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.
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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:5533 OCB Bhd XKLS:5533
41 GF Score
Price RM0.92
GF Value RM0.76
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is OCB Bhd Graham Number?

OCB Bhd XKLS:5533 41 Graham Number is RM2.47 as of Mar. 2026, which is 100% below its 10-year median of 0.49. GuruFocus rates XKLS:5533 with a GF Score™ of 41/100 and a GF Value™ of RM0.76 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,385 Consumer Packaged Goods companies, OCB Bhd ranks better than 93.07% 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 (2026-08-02), the stock price of OCB Bhd is RM0.92. OCB Bhd's graham number for the quarter that ended in Mar. 2026 was RM2.47. Therefore, OCB Bhd's Price to Graham Number ratio for today is 0.37.

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

XKLS:5533' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.05   Med: 0.49   Max: 1.55
Current: 0.37

During the past 13 years, the highest Price to Graham Number ratio of OCB Bhd was 1.55. The lowest was 0.05. And the median was 0.49.

XKLS:5533's Price-to-Graham-Number is ranked better than
93.07% of 1385 companies
in the Consumer Packaged Goods industry
Industry Median: 1.09 vs XKLS:5533: 0.37

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


OCB Bhd  (XKLS:5533) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=0.92/2.47
=0.37

* 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.


OCB Bhd Graham Number Related Terms


OCB Bhd Graham Number Historical Data

* Premium members only.

The historical data trend for OCB 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.

OCB Bhd Graham Number Chart

OCB 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 2.10 2.38 2.58

OCB 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 1.63 2.12 2.09 2.59 2.47

XKLS:5533 vs KHC, GIS: Graham Number Comparison

For the Packaged Foods subindustry, OCB 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.


OCB Bhd Price-to-Graham-Number vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, OCB Bhd's Price-to-Graham-Number distribution charts can be found below:

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


XKLS:5533
41GF Score
OCB Bhd XKLS:5533
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OCB Bhd Graham Number Calculation

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

OCB 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*1.747*0.169)
=2.58

OCB 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*1.784*0.152)
=2.47

* 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 RM2.47 mean?
OCB Bhd (XKLS:5533) has a Graham Number of RM2.47 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on OCB Bhd and its competitors. This is 404% above median its historical median of 0.49. Over the past decade, OCB Bhd's Graham Number has ranged from 0.05 to 1.55. According to the industry distribution chart, OCB Bhd ranks #96 out of 1385 companies in the Consumer Packaged Goods industry, placing it in the top 6.9%.
Is OCB Bhd's Graham Number too high?
OCB Bhd's current Graham Number of RM2.47 is 404% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 1.55. Based on the distribution chart, OCB Bhd ranks #96 out of 1385 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, OCB Bhd has a GF Score™ of 41/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OCB Bhd's Graham Number compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, OCB Bhd ranks #96 out of 1385 companies for Graham Number. This places OCB Bhd in the top 7% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.09. Historically, OCB Bhd's own Graham Number has ranged from 0.05 to 1.55 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 Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.09, based on 1,385 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 OCB Bhd and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OCB Bhd's current Graham Number is RM2.47, which is 404% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OCB Bhd stock overvalued right now?
Based on GuruFocus' analysis, OCB Bhd (XKLS:5533) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.76, compared to a current price of RM0.92 — trading 21.1% above its estimated fair value. The current Graham Number is RM2.47, which is 404% above median its 10-year median of 0.49. OCB Bhd's overall GF Score™ is 41/100 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 OCB Bhd (XKLS:5533), the current Graham Number is RM2.47 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 OCB Bhd (XKLS:5533) Overvalued in 2026?

Based on GuruFocus' analysis, OCB Bhd stock appears to be overvalued. The current stock price of RM0.92 is trading 21.1% above its estimated GF Value™ of RM0.76. GuruFocus considers OCB Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:5533:

  • Graham Number: RM2.47 (404% above median its 10-year median of 0.49)
  • GF Value™: RM0.76 vs. price of RM0.92 (21.1% above fair value)
  • GF Score™: 41/100 with 5 warning signs

No single metric tells the full story. See the XKLS:5533 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OCB Bhd Business Description

Address Jalan SS 6/6, Kelana Jaya, 2B-5, Level 5, Petaling Jaya, SGR, MYS, 47301
OCB Bhd is an investment holding company. It has three segments: the Consumer Foods Division, the Bedding Products Division, and the Property Development Division. The Consumer Foods Division, which generates the maximum revenue, is a producer of quality instant noodles, mayonnaise, seasoning powder, seasoning oil, sauces and food ingredients. The Bedding Products Division manufactures and distributes mattresses, divans and assorted bedding accessories. The Property Development Division engages in the development of properties and related activities. The other segment engages in investment holding and property holding. Geographically, the company generates maximum revenue from Malaysia, followed by Indonesia, the Republic of Singapore, Australia and others.
41GF Score

Get the complete analysis for XKLS:5533

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

RM0.92
Price
RM0.76
GF Value