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.
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.
Ajiya BhdXKLS:7609 59 Graham Number is RM1.14 as of Mar. 2026, which is 100% below its 10-year median of 0.73. GuruFocus rates XKLS:7609 with a GF Score™ of 59/100 and a GF Value™ of RM0.96 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,217 Construction companies, Ajiya Bhd ranks better than 57.76% 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 (2026-08-01), the stock price of Ajiya Bhd is RM0.99. Ajiya Bhd's graham number for the quarter that ended in Mar. 2026 was RM1.14. Therefore, Ajiya Bhd's Price to Graham Number ratio for today is 0.87.
The historical rank and industry rank for Ajiya Bhd's Graham Number or its related term are showing as below:
XKLS:7609'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.37 Med: 0.73 Max: 2.87
Current: 0.87
During the past 13 years, the highest Price to Graham Number ratio of Ajiya Bhd was 2.87. The lowest was 0.37. And the median was 0.73.
XKLS:7609's Price-to-Graham-Number is ranked better than 57.76% of 1217
companies
in the Construction industry
Industry Median: 1
vs XKLS:7609: 0.87
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
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.
Ajiya Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
0.99
/
1.14
=
0.87
* 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.
Ajiya Bhd Graham Number Related Terms
Ajiya Bhd Graham Number Historical Data
* Premium members only.
The historical data trend for Ajiya 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.
XKLS:7609 vs TT, JCI, CARR: Graham Number Comparison
For the Building Products & Equipment subindustry, Ajiya 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.
Ajiya Bhd Price-to-Graham-Number vs Construction Industry
For the Construction industry and Industrials sector, Ajiya Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Ajiya 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.
Ajiya Bhd (XKLS:7609) has a Graham Number of RM1.14 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Ajiya Bhd and its competitors. This is 56% above median its historical median of 0.73. Over the past decade, Ajiya Bhd's Graham Number has ranged from 0.37 to 2.87. According to the industry distribution chart, Ajiya Bhd ranks #514 out of 1217 companies in the Construction industry, placing it in the top 42.2%.
Is Ajiya Bhd's Graham Number too high?
Ajiya Bhd's current Graham Number of RM1.14 is 56% above median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 2.87. Based on the distribution chart, Ajiya Bhd ranks #514 out of 1217 companies in the Construction industry, which is above the industry midpoint. Overall, Ajiya Bhd has a GF Score™ of 59/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ajiya Bhd's Graham Number compare to TT and JCI?
According to the Construction industry distribution chart, Ajiya Bhd ranks #514 out of 1217 companies for Graham Number. This puts Ajiya Bhd in the upper half of its industry. The industry median Graham Number is 1.00. Historically, Ajiya Bhd's own Graham Number has ranged from 0.37 to 2.87 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 Construction company?
The median Graham Number among Construction companies is 1.00, based on 1,217 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 Ajiya Bhd and its competitors. For the Construction industry, the median Graham Number is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ajiya Bhd's current Graham Number is RM1.14, which is 56% above median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ajiya Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ajiya Bhd (XKLS:7609) is currently considered Fairly Valued. The stock's GF Value™ is RM0.96, compared to a current price of RM0.99 — trading 3.1% above its estimated fair value. The current Graham Number is RM1.14, which is 56% above median its 10-year median of 0.73. Ajiya Bhd's overall GF Score™ is 59/100 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 Ajiya Bhd (XKLS:7609), the current Graham Number is RM1.14 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 Ajiya Bhd (XKLS:7609) Overvalued in 2026?
Based on GuruFocus' analysis, Ajiya Bhd stock appears to be overvalued.
The current stock price of RM0.99 is trading 3.1% above its estimated GF Value™ of RM0.96.
GuruFocus considers Ajiya Bhd to be Fairly Valued.
Key valuation signals for XKLS:7609:
Graham Number: RM1.14 (56% above median its 10-year median of 0.73)
GF Value™: RM0.96 vs. price of RM0.99 (3.1% above fair value)
No single metric tells the full story. See the XKLS:7609 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ajiya Bhd is an investment holding. The principal activities include manufacturing and trading of roofing materials, manufacturing and trading of all kinds of glass, trading of building materials and investment holding. Its products are classified in two categories: Metal Division Metal roofing system, PU green series, steel truss system, structural products, metal door and window frame, metal sunshade/louvres, metal ceiling, and IBS-aligned building solutions: Glass Division Safety glass, tempered glass, laminated glass, Low-E coated glass, and Insulated Glass Units (IGU) for architectural and construction applications While it also has its presence in Thailand and Malaysia, Majority of its revenue is earned through the Malaysian market.
59GF Score
Get the complete analysis for XKLS:7609
Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:7609 has been successfully added to your 
