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Hengyuan Refining Co BhdXKLS:4324 +0.75%52 PB Ratio is 0.56 as of Jul. 18, 2026, which is 19% below its 10-year median of 0.69. GuruFocus rates XKLS:4324 with a GF Score™ of 52/100 and a GF Value™ of RM1.18 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 926 Oil & Gas companies, Hengyuan Refining Co Bhd ranks better than 85.53% on this metric.
The historical rank and industry rank for Hengyuan Refining Co Bhd's PB Ratio or its related term are showing as below:
XKLS:4324'
s PB Ratio Range Over the Past 10 Years
Min: 0.34 Med: 0.69 Max: 2.95
Current: 0.56
During the past 13 years, Hengyuan Refining Co Bhd's highest PB Ratio was 2.95. The lowest was 0.34. And the median was 0.69.
XKLS:4324's PB Ratio is ranked better than 85.53% of 926
companies
in the Oil & Gas industry
Industry Median: 1.425
vs XKLS:4324: 0.56
During the past 12 months, Hengyuan Refining Co Bhd's average Book Value Per Share Growth Rate was -13.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -21.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -19.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -0.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Hengyuan Refining Co Bhd was 76.60% per year. The lowest was -44.00% per year. And the median was -5.65% per year.
Back to Basics: PB Ratio
Hengyuan Refining Co Bhd (XKLS:4324) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* 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.
For the Oil & Gas Refining & Marketing subindustry, Hengyuan Refining Co Bhd's PB Ratio, along with its competitors' market caps and PB Ratio 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.
Hengyuan Refining Co Bhd PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hengyuan Refining Co Bhd's PB Ratio distribution charts can be found below:
* The bar in red indicates where Hengyuan Refining Co Bhd's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Hengyuan Refining Co Bhd (XKLS:4324) has a PB Ratio of 0.56 as of Jul. 18, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hengyuan Refining Co Bhd and its competitors. This is 19% below median its historical median of 0.69. Over the past decade, Hengyuan Refining Co Bhd's PB Ratio has ranged from 0.34 to 2.95. According to the industry distribution chart, Hengyuan Refining Co Bhd ranks #134 out of 926 companies in the Oil & Gas industry, placing it in the top 14.5%.
Is Hengyuan Refining Co Bhd's PB Ratio too high?
Hengyuan Refining Co Bhd's current PB Ratio of 0.56 is 19% below median its 10-year median of 0.69. Over the past 10 years, this metric has ranged from a low of 0.34 to a high of 2.95. The Oil & Gas industry median PB Ratio is 1.43. Hengyuan Refining Co Bhd's value of 0.56 is 60.7% below this industry median. Based on the distribution chart, Hengyuan Refining Co Bhd ranks #134 out of 926 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Hengyuan Refining Co Bhd has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hengyuan Refining Co Bhd's PB Ratio compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Hengyuan Refining Co Bhd ranks #134 out of 926 companies for PB Ratio. This places Hengyuan Refining Co Bhd in the top 15% of its industry — outperforming the majority of peers. The industry median PB Ratio is 1.43. Hengyuan Refining Co Bhd's value of 0.56 is 60.7% below this benchmark. Historically, Hengyuan Refining Co Bhd's own PB Ratio has ranged from 0.34 to 2.95 over the past decade. While the company's 10-year median is 0.69 vs. the industry median of 1.43, Hengyuan Refining Co Bhd has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.43, based on 926 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Hengyuan Refining Co Bhd's current PB Ratio of 0.56 is 60.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Hengyuan Refining Co Bhd and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hengyuan Refining Co Bhd's current PB Ratio is 0.56, which is 19% below median its own 10-year median of 0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hengyuan Refining Co Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd (XKLS:4324) is currently considered Modestly Overvalued. The stock's GF Value™ is RM1.18, compared to a current price of RM1.35 — trading 14.4% above its estimated fair value. The current PB Ratio is 0.56, which is 19% below median its 10-year median of 0.69 and 60.7% below the Oil & Gas industry median of 1.43. Hengyuan Refining Co Bhd's overall GF Score™ is 52/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Hengyuan Refining Co Bhd (XKLS:4324), the current PB Ratio is 0.56 as of Jul. 18, 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 Hengyuan Refining Co Bhd (XKLS:4324) Overvalued in 2026?
Based on GuruFocus' analysis, Hengyuan Refining Co Bhd stock appears to be overvalued.
The current stock price of RM1.35 is trading 14.4% above its estimated GF Value™ of RM1.18.
GuruFocus considers Hengyuan Refining Co Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:4324:
PB Ratio: 0.56 (19% below median its 10-year median of 0.69)
GF Value™: RM1.18 vs. price of RM1.35 (14.4% above fair value)
Industry Position: 60.7% below the Oil & Gas median (#134 of 926)
No single metric tells the full story. See the XKLS:4324 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hengyuan Refining Co Bhd is engaged in the refining and manufacturing of petroleum products in Malaysia. The company's operating units in its refinery consist of two crude distillers, a long residue catalytic cracker, two naptha treaters and a merox plant, one kerosene Merox plant, one platformer, two hydro-processing units, a Hydrogen Manufacturing Unit (HMU) and a sulphur recovery unit. Its product portfolio consists of liquefied petroleum gas (LPG), gasoline, diesel, aviation fuel, fuel oil components, and chemical feedstocks like light naphtha and propylene.
52GF Score
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