Tex Cycle Technology (M) BhdXKLS:0089 83 Net Current Asset Value is RM0.01 as of Mar. 2026, which is 100% below its 10-year median of 8.96. GuruFocus rates XKLS:0089 with a GF Score™ of 83/100 and a GF Value™ of RM1.91 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 97 Waste Management companies, Tex Cycle Technology (M) Bhd ranks worse than 100% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Tex Cycle Technology (M) Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM0.01.
The historical rank and industry rank for Tex Cycle Technology (M) Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:0089'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 2.63 Med: 8.96 Max: 105
Current: 103
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Tex Cycle Technology (M) Bhd was 105.00. The lowest was 2.63. And the median was 8.96.
XKLS:0089's Price-to-Net-Current-Asset-Value is ranked worse than 100% of 97
companies
in the Waste Management industry
Industry Median: 4.6
vs XKLS:0089: 103.00
Tex Cycle Technology (M) Bhd (XKLS:0089) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Tex Cycle Technology (M) Bhd Net Current Asset Value Related Terms
Tex Cycle Technology (M) Bhd Net Current Asset Value Historical Data
* 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.
Tex Cycle Technology (M) Bhd Net Current Asset Value Chart
XKLS:0089 vs WM, RSG, WCN: Net Current Asset Value Comparison
For the Waste Management subindustry, Tex Cycle Technology (M) Bhd's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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.
Tex Cycle Technology (M) Bhd Price-to-Net-Current-Asset-Value vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tex Cycle Technology (M) Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tex Cycle Technology (M) Bhd's Price-to-Net-Current-Asset-Value 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.
What does a Net Current Asset Value of RM0.01 mean?
Tex Cycle Technology (M) Bhd (XKLS:0089) has a Net Current Asset Value of RM0.01 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Tex Cycle Technology (M) Bhd and its competitors. This is 100% below median its historical median of 8.96. Over the past decade, Tex Cycle Technology (M) Bhd's Net Current Asset Value has ranged from 2.63 to 105.00. According to the industry distribution chart, Tex Cycle Technology (M) Bhd ranks #97 out of 97 companies in the Waste Management industry.
Is Tex Cycle Technology (M) Bhd's Net Current Asset Value too high?
Tex Cycle Technology (M) Bhd's current Net Current Asset Value of RM0.01 is 100% below median its 10-year median of 8.96. Over the past 10 years, this metric has ranged from a low of 2.63 to a high of 105.00. Based on the distribution chart, Tex Cycle Technology (M) Bhd ranks #97 out of 97 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, Tex Cycle Technology (M) Bhd has a GF Score™ of 83/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tex Cycle Technology (M) Bhd's Net Current Asset Value compare to WM and RSG?
According to the Waste Management industry distribution chart, Tex Cycle Technology (M) Bhd ranks #97 out of 97 companies for Net Current Asset Value. This places Tex Cycle Technology (M) Bhd in the lower half of its industry. The industry median Net Current Asset Value is 4.60. Historically, Tex Cycle Technology (M) Bhd's own Net Current Asset Value has ranged from 2.63 to 105.00 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 Net Current Asset Value for a Waste Management company?
The median Net Current Asset Value among Waste Management companies is 4.60, based on 97 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Tex Cycle Technology (M) Bhd and its competitors. For the Waste Management industry, the median Net Current Asset Value is 4.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tex Cycle Technology (M) Bhd's current Net Current Asset Value is RM0.01, which is 100% below median its own 10-year median of 8.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tex Cycle Technology (M) Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tex Cycle Technology (M) Bhd (XKLS:0089) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.91, compared to a current price of RM1.03 — trading 46.1% below its estimated fair value. The current Net Current Asset Value is RM0.01, which is 100% below median its 10-year median of 8.96. Tex Cycle Technology (M) Bhd's overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Tex Cycle Technology (M) Bhd (XKLS:0089), the current Net Current Asset Value is RM0.01 as of Mar. 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 Tex Cycle Technology (M) Bhd (XKLS:0089) Overvalued in 2026?
Based on GuruFocus' analysis, Tex Cycle Technology (M) Bhd stock appears to be undervalued.
The current stock price of RM1.03 is trading 46.1% below its estimated GF Value™ of RM1.91.
GuruFocus considers Tex Cycle Technology (M) Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:0089:
Net Current Asset Value: RM0.01 (100% below median its 10-year median of 8.96)
GF Value™: RM1.91 vs. price of RM1.03 (46.1% below fair value)
No single metric tells the full story. See the XKLS:0089 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tex Cycle Technology (M) Bhd is engaged in the provision of recovery and recycling of scheduled waste. It operates in six segments. The investment holding segment comprises investing in property and unquoted securities on a long-term basis; the recovery and recycling services segment comprises the provision of waste recovery and recycling services, and rental of recycled products; the rental of investment property segment; trading segment comprises trading of chemicals and other products; renewable energy segment includes the provision of equipment and consultancy services related to renewable energy; and others segment. The majority of company's revenue comes from the recovery and recycling services segment.
83GF Score
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