I've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 11.08x is currently trading slightly below its industry peers' ratio of 14.91x, which means if you buy Malaysian Resources Corporation Berhad today, you'd be paying a decent price for it. And if you believe Malaysian Resources Corporation Berhad should be trading in this range, then there isn't much room for the share price to grow beyond the levels of other industry peers over the long-term.