PCHEM (5183) is a Main Market company in the Industrial Products & Services segment.  

PCHEM's business is mainly in petrochemicals. (manufacturing & sales)

Is PCHEM selling at cheap price now?

1. Share price you pay now is higher than Price to Book. 

PCHEM's share price is RM 8.57, whilst its net assets is about RM 4.74.

2. Best performance in FY2021.

PCHEM's revenue hit all-time high in FY2021 & possibly FY2022 (Q1&Q2 already done so), net profit hit all-time high in FY2021 & possibly FY2022 (Q1&Q2 already done so). Share price all-time high was in May 2022 around RM 10. 

3. Financial Statements. 

PCHEM had positive net cash from operations consecutively in its recentmost 20 quarters. It has been a net cash company since IPO, (if I'm not mistaken.) and has the most cash amongst all KLSE companies with RM18 bil. Its cash hoard exceeds its total debt by a whopping RM 16bil. PCHEM has given dividends annually since IPO.

4. Insider dealings.

4.3.2022- Non-Executive Director Datuk Sazali bin Hamzah had indirect dealings as his wife disposed 5000 shares at about RM 10.02 and 5000 shares at about RM 10.18. 

Hard to tell if insiders think PCHEM is undervalued or overvalued. 

5. PE ratio is around 8-9.

PCHEM's trailing PE ratio is low. However, PCHEM is at cyclical earnings highs. If not mistaken, its product ASPs are high as crude oil price is high, which causes PE ratio to be lower.

I don't have PCHEM. Suppose PCHEM produces an average net profit to shareholders of 1.32bil./quarter, given PE ratio of 15, PCHEM should be worth RM 8.49.