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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.
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 DKSH Holdings Malaysia Bhd's Graham Number or its related term are showing as below:
XKLS:5908'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.47 Med: 0.7 Max: 1.19
Current: 0.53
During the past 13 years, the highest Price to Graham Number ratio of DKSH Holdings Malaysia Bhd was 1.19. The lowest was 0.47. And the median was 0.70.
XKLS:5908's Price-to-Graham-Number is ranked better than 77.24% of 123
companies
in the Industrial Distribution industry
Industry Median: 0.94
vs XKLS:5908: 0.53
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
DKSH Holdings Malaysia Bhd (XKLS:5908) 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.
DKSH Holdings Malaysia Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Jun. 2026 )
=
5.97
/
11.18
=
0.53
* 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.
DKSH Holdings Malaysia Bhd Graham Number Related Terms
DKSH Holdings Malaysia 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:5908 vs GWW, FAST, FERG: Graham Number Comparison
For the Industrial Distribution subindustry, DKSH Holdings Malaysia 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.
DKSH Holdings Malaysia Bhd Price-to-Graham-Number vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, DKSH Holdings Malaysia Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where DKSH Holdings Malaysia 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.
DKSH Holdings Malaysia Bhd (XKLS:5908) has a Graham Number of RM11.05 as of Jun. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on DKSH Holdings Malaysia Bhd and its competitors. According to the industry distribution chart, DKSH Holdings Malaysia Bhd ranks #28 out of 123 companies in the Industrial Distribution industry, placing it in the top 22.8%.
Is DKSH Holdings Malaysia Bhd's Graham Number too high?
DKSH Holdings Malaysia Bhd's current Graham Number is RM11.05. Based on the distribution chart, DKSH Holdings Malaysia Bhd ranks #28 out of 123 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, DKSH Holdings Malaysia Bhd has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DKSH Holdings Malaysia Bhd's Graham Number compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, DKSH Holdings Malaysia Bhd ranks #28 out of 123 companies for Graham Number. This places DKSH Holdings Malaysia Bhd in the top 23% of its industry — outperforming the majority of peers. The industry median Graham Number is 0.94. 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 an Industrial Distribution company?
The median Graham Number among Industrial Distribution companies is 0.94, based on 123 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 DKSH Holdings Malaysia Bhd and its competitors. For the Industrial Distribution industry, the median Graham Number is 0.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DKSH Holdings Malaysia Bhd's current Graham Number is RM11.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DKSH Holdings Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, DKSH Holdings Malaysia Bhd (XKLS:5908) is currently considered Fairly Valued. The stock's GF Value™ is RM5.80, compared to a current price of RM5.97 — trading 2.9% above its estimated fair value. The current Graham Number is RM11.05. DKSH Holdings Malaysia Bhd's overall GF Score™ is 82/100 with 3 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 DKSH Holdings Malaysia Bhd (XKLS:5908), the current Graham Number is RM11.05 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 DKSH Holdings Malaysia Bhd (XKLS:5908) Overvalued in 2026?
Based on GuruFocus' analysis, DKSH Holdings Malaysia Bhd stock appears to be overvalued.
The current stock price of RM5.97 is trading 2.9% above its estimated GF Value™ of RM5.80.
GuruFocus considers DKSH Holdings Malaysia Bhd to be Fairly Valued.
Key valuation signals for XKLS:5908:
Graham Number: RM11.05
GF Value™: RM5.80 vs. price of RM5.97 (2.9% above fair value)
No single metric tells the full story. See the XKLS:5908 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DKSH Holdings Malaysia Bhd company is principally an investment holding company. The principal activities of the Group are the provisioning of Market Expansion Services, which range from marketing, to providing sales force, distribution and logistics, invoicing and credit control, handling of inventory and returned goods and other value added services. These services are provided to consumer goods and healthcare clients. The Group also operates retail outlets selling Amos cookies, manufacturing and supplying of butter and margarine, and related bakery, confectionery and dairy products. The Group is organized into three main business segments Consumer Goods; Healthcare; and Others of which majority of revenue comes from Consumer Goods.
82GF Score
Get the complete analysis for XKLS:5908
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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