Elsoft Research BhdXKLS:0090 +4.88%52 Net Current Asset Value is RM0.12 as of Mar. 2026, which is 100% below its 10-year median of 6.36. GuruFocus rates XKLS:0090 with a GF Score™ of 52/100 and a GF Value™ of RM0.34 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 719 Semiconductors companies, Elsoft Research Bhd ranks better than 90.96% 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).
Elsoft Research Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM0.12.
The historical rank and industry rank for Elsoft Research Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:0090'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.79 Med: 6.36 Max: 11.98
Current: 1.79
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Elsoft Research Bhd was 11.98. The lowest was 1.79. And the median was 6.36.
XKLS:0090's Price-to-Net-Current-Asset-Value is ranked better than 90.96% of 719
companies
in the Semiconductors industry
Industry Median: 8.91
vs XKLS:0090: 1.79
Elsoft Research Bhd (XKLS:0090) 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.
Elsoft Research Bhd Net Current Asset Value Related Terms
Elsoft Research Bhd Net Current Asset Value Historical Data
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The historical data trend for Elsoft Research Bhd's Net Current Asset Value 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.
XKLS:0090 vs AMAT, LRCX, KLAC: Net Current Asset Value Comparison
For the Semiconductor Equipment & Materials subindustry, Elsoft Research 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.
Elsoft Research Bhd Price-to-Net-Current-Asset-Value vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Elsoft Research Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Elsoft Research 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 RM0.12 mean?
Elsoft Research Bhd (XKLS:0090) has a Net Current Asset Value of RM0.12 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 Elsoft Research Bhd and its competitors. This is 98% below median its historical median of 6.36. Over the past decade, Elsoft Research Bhd's Net Current Asset Value has ranged from 1.79 to 11.98. According to the industry distribution chart, Elsoft Research Bhd ranks #65 out of 719 companies in the Semiconductors industry, placing it in the top 9%.
Is Elsoft Research Bhd's Net Current Asset Value too high?
Elsoft Research Bhd's current Net Current Asset Value of RM0.12 is 98% below median its 10-year median of 6.36. Over the past 10 years, this metric has ranged from a low of 1.79 to a high of 11.98. Based on the distribution chart, Elsoft Research Bhd ranks #65 out of 719 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Elsoft Research Bhd has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Elsoft Research Bhd's Net Current Asset Value compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, Elsoft Research Bhd ranks #65 out of 719 companies for Net Current Asset Value. This places Elsoft Research Bhd in the top 9% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 8.91. Historically, Elsoft Research Bhd's own Net Current Asset Value has ranged from 1.79 to 11.98 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 Semiconductors company?
The median Net Current Asset Value among Semiconductors companies is 8.91, based on 719 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 Elsoft Research Bhd and its competitors. For the Semiconductors industry, the median Net Current Asset Value is 8.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elsoft Research Bhd's current Net Current Asset Value is RM0.12, which is 98% below median its own 10-year median of 6.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elsoft Research Bhd stock overvalued right now?
Based on GuruFocus' analysis, Elsoft Research Bhd (XKLS:0090) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.34, compared to a current price of RM0.22 — trading 36.8% below its estimated fair value. The current Net Current Asset Value is RM0.12, which is 98% below median its 10-year median of 6.36. Elsoft Research 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 Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Elsoft Research Bhd (XKLS:0090), the current Net Current Asset Value is RM0.12 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 Elsoft Research Bhd (XKLS:0090) Overvalued in 2026?
Based on GuruFocus' analysis, Elsoft Research Bhd stock appears to be undervalued.
The current stock price of RM0.22 is trading 36.8% below its estimated GF Value™ of RM0.34.
GuruFocus considers Elsoft Research Bhd to be Possible Value Trap.
Key valuation signals for XKLS:0090:
Net Current Asset Value: RM0.12 (98% below median its 10-year median of 6.36)
GF Value™: RM0.34 vs. price of RM0.22 (36.8% below fair value)
No single metric tells the full story. See the XKLS:0090 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elsoft Research Bhd is principally involved in the research, design, and development of test, burn-in, and application-specific embedded systems. The company mainly provides cost effective ATE solutions to the semiconductor, optoelectronic, and automation industries. Its test and burn-in systems are used by customers manufacturing optoelectronic devices such as LED, image sensors, and automotive lightings to test their products before launching into the market. The company also engaged a new customer to develop a test solution for metalens technology while continuing to focus on the medical device market. , and maximum revenue is generated from Malaysia, followed by Asia (excluding Malaysia), and the United States.
52GF Score
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