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KESM Industries BhdXKLS:9334 -3.33%77 Graham Number is RM5.34 as of Apr. 2026, which is 100% below its 10-year median of 1.42. GuruFocus rates XKLS:9334 with a GF Score™ of 77/100 and a GF Value™ of RM3.88 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 674 Semiconductors companies, KESM Industries Bhd ranks better than 90.06% 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 (2026-08-19), the stock price of KESM Industries Bhd is RM4.35. KESM Industries Bhd's graham number for the quarter that ended in Apr. 2026 was RM5.34. Therefore, KESM Industries Bhd's Price to Graham Number ratio for today is 0.81.
The historical rank and industry rank for KESM Industries Bhd's Graham Number or its related term are showing as below:
XKLS:9334'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.64 Med: 1.42 Max: 13.21
Current: 0.81
During the past 13 years, the highest Price to Graham Number ratio of KESM Industries Bhd was 13.21. The lowest was 0.64. And the median was 1.42.
XKLS:9334's Price-to-Graham-Number is ranked better than 90.06% of 674
companies
in the Semiconductors industry
Industry Median: 2.68
vs XKLS:9334: 0.81
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
KESM Industries Bhd (XKLS:9334) 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.
KESM Industries Bhd's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Apr. 2026 )
=
4.35
/
5.34
=
0.81
* 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.
KESM Industries Bhd Graham Number Related Terms
KESM Industries Bhd Graham Number Historical Data
* Premium members only.
The historical data trend for KESM Industries 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:9334 vs NVDA, AVGO, MU: Graham Number Comparison
For the Semiconductors subindustry, KESM Industries 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.
KESM Industries Bhd Price-to-Graham-Number vs Semiconductors Industry
For the Semiconductors industry and Technology sector, KESM Industries Bhd's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where KESM Industries 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.
KESM Industries Bhd (XKLS:9334) has a Graham Number of RM5.34 as of Apr. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on KESM Industries Bhd and its competitors. This is 276% above median its historical median of 1.42. Over the past decade, KESM Industries Bhd's Graham Number has ranged from 0.64 to 13.21. According to the industry distribution chart, KESM Industries Bhd ranks #67 out of 674 companies in the Semiconductors industry, placing it in the top 9.9%.
Is KESM Industries Bhd's Graham Number too high?
KESM Industries Bhd's current Graham Number of RM5.34 is 276% above median its 10-year median of 1.42. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 13.21. Based on the distribution chart, KESM Industries Bhd ranks #67 out of 674 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, KESM Industries Bhd has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KESM Industries Bhd's Graham Number compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, KESM Industries Bhd ranks #67 out of 674 companies for Graham Number. This places KESM Industries Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Graham Number is 2.68. Historically, KESM Industries Bhd's own Graham Number has ranged from 0.64 to 13.21 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 Semiconductors company?
The median Graham Number among Semiconductors companies is 2.68, based on 674 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 KESM Industries Bhd and its competitors. For the Semiconductors industry, the median Graham Number is 2.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KESM Industries Bhd's current Graham Number is RM5.34, which is 276% above median its own 10-year median of 1.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KESM Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, KESM Industries Bhd (XKLS:9334) is currently considered Modestly Overvalued. The stock's GF Value™ is RM3.88, compared to a current price of RM4.35 — trading 12.1% above its estimated fair value. The current Graham Number is RM5.34, which is 276% above median its 10-year median of 1.42. KESM Industries Bhd's overall GF Score™ is 77/100 with 6 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 KESM Industries Bhd (XKLS:9334), the current Graham Number is RM5.34 as of Apr. 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 KESM Industries Bhd (XKLS:9334) Overvalued in 2026?
Based on GuruFocus' analysis, KESM Industries Bhd stock appears to be overvalued.
The current stock price of RM4.35 is trading 12.1% above its estimated GF Value™ of RM3.88.
GuruFocus considers KESM Industries Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:9334:
Graham Number: RM5.34 (276% above median its 10-year median of 1.42)
GF Value™: RM3.88 vs. price of RM4.35 (12.1% above fair value)
No single metric tells the full story. See the XKLS:9334 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KESM Industries Bhd operates through a single business segment, providing essential burn-in and testing services that ensure the reliability of semiconductors, including microprocessors, microcontrollers, and advanced sensors. Serving the semiconductor industry, the company's products support technologies across the automotive, industrial, consumer, and commercial sectors internationally. Its customer base spans key markets in the United States, Europe, and the Asia Pacific, with sales concentrated mainly in Malaysia, the People's Republic of China, Singapore, and other regions, and the majority of revenue comes from Malaysia.
77GF Score
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