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Khon Kaen Sugar Industry PCL (BKK:KSL-F) Graham Number : ฿4.75 (As of Jan. 2024)


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What is Khon Kaen Sugar Industry PCL Graham Number?

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 (2024-05-02), the stock price of Khon Kaen Sugar Industry PCL is ฿3.50. Khon Kaen Sugar Industry PCL's graham number for the quarter that ended in Jan. 2024 was ฿4.75. Therefore, Khon Kaen Sugar Industry PCL's Price to Graham Number ratio for today is 0.74.

The historical rank and industry rank for Khon Kaen Sugar Industry PCL's Graham Number or its related term are showing as below:

BKK:KSL-F' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.48   Med: 0.9   Max: 1.55
Current: 0.48

During the past 13 years, the highest Price to Graham Number ratio of Khon Kaen Sugar Industry PCL was 1.55. The lowest was 0.48. And the median was 0.90.

BKK:KSL-F's Price-to-Graham-Number is ranked better than
88.81% of 1260 companies
in the Consumer Packaged Goods industry
Industry Median: 1.3 vs BKK:KSL-F: 0.48

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


Khon Kaen Sugar Industry PCL Graham Number Historical Data

The historical data trend for Khon Kaen Sugar Industry PCL'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.

* Premium members only.

Khon Kaen Sugar Industry PCL Graham Number Chart

Khon Kaen Sugar Industry PCL Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Graham Number
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.62 1.92 3.25 5.42 4.81

Khon Kaen Sugar Industry PCL Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 5.96 5.89 4.15 4.82 4.75

Competitive Comparison of Khon Kaen Sugar Industry PCL's Graham Number

For the Confectioners subindustry, Khon Kaen Sugar Industry PCL'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.


Khon Kaen Sugar Industry PCL's Price-to-Graham-Number Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Khon Kaen Sugar Industry PCL's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Khon Kaen Sugar Industry PCL's Price-to-Graham-Number falls into.



Khon Kaen Sugar Industry PCL Graham Number Calculation

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

Khon Kaen Sugar Industry PCL's Graham Number for the fiscal year that ended in Oct. 2023 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*4.779*0.215)
=4.81

Khon Kaen Sugar Industry PCL's Graham Number for the quarter that ended in Jan. 2024 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*4.895*0.205)
=4.75

* 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.


Khon Kaen Sugar Industry PCL  (BKK:KSL-F) 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.

Khon Kaen Sugar Industry PCL's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Jan. 2024 )
=3.50/4.75
=0.74

* 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.


Khon Kaen Sugar Industry PCL Graham Number Related Terms

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Khon Kaen Sugar Industry PCL (BKK:KSL-F) Business Description

Traded in Other Exchanges
Address
Sriayudahya Road, No. 503 K.S.L. Tower, 9th Floor, Thanon Phaya Thai Sub-District, Ratchathewi District, Bangkok, THA, 10400
Khon Kaen Sugar Industry PCL manufactures and distributes sugar and molasses in Thailand. It also sells the byproducts of its sugar production, including ethanol that it sells to oil companies and electricity that it sells to the Electricity Generating Authority of Thailand, which has a monopoly in Thailand's electrical energy market and is the country's power producer. The company has three operating segments - Manufacture and Distribution of Sugar and Molasses, Manufacture and Sale of Electricity, and Real Estate Rental. The company generates the majority of its revenue from the Manufacture and Distribution of Sugar and Molasses. In addition to Thailand, the company sells its products in Laos and Cambodia.

Khon Kaen Sugar Industry PCL (BKK:KSL-F) Headlines

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