TSH Resources Bhd (XKLS:9059) Graham Number: RM1.99 (As of Mar. 2026) — 126% Above Median

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Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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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:9059 TSH Resources Bhd XKLS:9059
72 GF Score
Price RM1.18
GF Value RM1.17
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is TSH Resources Bhd Graham Number?

TSH Resources Bhd XKLS:9059 72 Graham Number is RM1.99 as of Mar. 2026, which is 100% below its 10-year median of 0.88. GuruFocus rates XKLS:9059 with a GF Score™ of 72/100 and a GF Value™ of RM1.17 (Fairly Valued). The stock has 1 warning sign investors should review. Among 1,388 Consumer Packaged Goods companies, TSH Resources Bhd ranks better than 81.84% 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 (2026-08-10), the stock price of TSH Resources Bhd is RM1.18. TSH Resources Bhd's graham number for the quarter that ended in Mar. 2026 was RM1.99. Therefore, TSH Resources Bhd's Price to Graham Number ratio for today is 0.59.

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

XKLS:9059' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.42   Med: 0.88   Max: 5.46
Current: 0.59

During the past 13 years, the highest Price to Graham Number ratio of TSH Resources Bhd was 5.46. The lowest was 0.42. And the median was 0.88.

XKLS:9059's Price-to-Graham-Number is ranked better than
81.84% of 1388 companies
in the Consumer Packaged Goods industry
Industry Median: 1.11 vs XKLS:9059: 0.59

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


TSH Resources Bhd  (XKLS:9059) 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.

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

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=1.18/1.99
=0.59

* 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.


TSH Resources Bhd Graham Number Related Terms


TSH Resources Bhd Graham Number Historical Data

* Premium members only.

The historical data trend for TSH Resources 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.

TSH Resources Bhd Graham Number Chart

TSH Resources 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 1.59 1.25 1.23 1.68 2.05

TSH Resources 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 2.06 2.16 2.31 2.06 1.99

XKLS:9059 vs ADM, BG, TSN: Graham Number Comparison

For the Farm Products subindustry, TSH Resources 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.


TSH Resources Bhd Price-to-Graham-Number vs Consumer Packaged Goods Industry

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

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


XKLS:9059
72GF Score
TSH Resources Bhd XKLS:9059
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TSH Resources Bhd Graham Number Calculation

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

TSH Resources 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*1.362*0.137)
=2.05

TSH Resources 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*1.468*0.12)
=1.99

* 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 RM1.99 mean?
TSH Resources Bhd (XKLS:9059) has a Graham Number of RM1.99 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on TSH Resources Bhd and its competitors. This is 126% above median its historical median of 0.88. Over the past decade, TSH Resources Bhd's Graham Number has ranged from 0.42 to 5.46. According to the industry distribution chart, TSH Resources Bhd ranks #252 out of 1388 companies in the Consumer Packaged Goods industry, placing it in the top 18.2%.
Is TSH Resources Bhd's Graham Number too high?
TSH Resources Bhd's current Graham Number of RM1.99 is 126% above median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 5.46. Based on the distribution chart, TSH Resources Bhd ranks #252 out of 1388 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, TSH Resources Bhd has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSH Resources Bhd's Graham Number compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, TSH Resources Bhd ranks #252 out of 1388 companies for Graham Number. This places TSH Resources Bhd in the top 18% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.11. Historically, TSH Resources Bhd's own Graham Number has ranged from 0.42 to 5.46 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 1.11, based on 1,388 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 TSH Resources Bhd and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSH Resources Bhd's current Graham Number is RM1.99, which is 126% above median its own 10-year median of 0.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSH Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, TSH Resources Bhd (XKLS:9059) is currently considered Fairly Valued. The stock's GF Value™ is RM1.17, compared to a current price of RM1.18 — trading 0.9% above its estimated fair value. The current Graham Number is RM1.99, which is 126% above median its 10-year median of 0.88. TSH Resources Bhd's overall GF Score™ is 72/100 with 1 warning sign 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 TSH Resources Bhd (XKLS:9059), the current Graham Number is RM1.99 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 TSH Resources Bhd (XKLS:9059) Overvalued in 2026?

Based on GuruFocus' analysis, TSH Resources Bhd stock appears to be overvalued. The current stock price of RM1.18 is trading 0.9% above its estimated GF Value™ of RM1.17. GuruFocus considers TSH Resources Bhd to be Fairly Valued.

Key valuation signals for XKLS:9059:

  • Graham Number: RM1.99 (126% above median its 10-year median of 0.88)
  • GF Value™: RM1.17 vs. price of RM1.18 (0.9% above fair value)
  • GF Score™: 72/100 with 1 warning sign

No single metric tells the full story. See the XKLS:9059 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TSH Resources Bhd Business Description

Other Exchanges TSH:Singapore
Address No. 8, Jalan Semantan, Level 10, Menara TSH, Damansara Heights, Kuala Lumpur, MYS, 50490
TSH Resources Bhd is an investment holding and forest plantation. The principal activities of the subsidiaries are involved in investment holding, oil palm cultivation and processing, generation and supply of electricity from biomass plants, forest plantation, manufacture and sales of downstream wood products, and other related business activities. The company has two reportable segments, namely Palm products and Others. It generates maximum revenue from the Palm products segment. The company's geographical segments are Malaysia, Indonesia, the United States of America, the Southwest Pacific, and Others. It generates the majority of its revenue from Indonesia.
72GF Score

Get the complete analysis for XKLS:9059

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

RM1.18
Price
RM1.17
GF Value