ES Ceramics Technology BhdXKLS:0100 +8.00%62 Net Current Asset Value is RM0.13 as of Feb. 2026, which is 100% below its 10-year median of 1.84. GuruFocus rates XKLS:0100 with a GF Score™ of 62/100 and a GF Value™ of RM0.19 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 945 Chemicals companies, ES Ceramics Technology Bhd ranks better than 93.54% 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).
ES Ceramics Technology Bhd's net current asset value per share for the quarter that ended in Feb. 2026 was RM0.13.
The historical rank and industry rank for ES Ceramics Technology Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:0100'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.77 Med: 1.84 Max: 7.5
Current: 1.04
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of ES Ceramics Technology Bhd was 7.50. The lowest was 0.77. And the median was 1.84.
XKLS:0100's Price-to-Net-Current-Asset-Value is ranked better than 93.54% of 945
companies
in the Chemicals industry
Industry Median: 5.3
vs XKLS:0100: 1.04
ES Ceramics Technology Bhd (XKLS:0100) 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.
ES Ceramics Technology Bhd Net Current Asset Value Related Terms
ES Ceramics Technology 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.
ES Ceramics Technology Bhd Net Current Asset Value Chart
XKLS:0100 vs LIN, SHW, ECL: Net Current Asset Value Comparison
For the Specialty Chemicals subindustry, ES Ceramics Technology 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.
ES Ceramics Technology Bhd Price-to-Net-Current-Asset-Value vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, ES Ceramics Technology Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ES Ceramics Technology 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 RM0.13 mean?
ES Ceramics Technology Bhd (XKLS:0100) has a Net Current Asset Value of RM0.13 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on ES Ceramics Technology Bhd and its competitors. This is 93% below median its historical median of 1.84. Over the past decade, ES Ceramics Technology Bhd's Net Current Asset Value has ranged from 0.77 to 7.50. According to the industry distribution chart, ES Ceramics Technology Bhd ranks #61 out of 945 companies in the Chemicals industry, placing it in the top 6.5%.
Is ES Ceramics Technology Bhd's Net Current Asset Value too high?
ES Ceramics Technology Bhd's current Net Current Asset Value of RM0.13 is 93% below median its 10-year median of 1.84. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 7.50. Based on the distribution chart, ES Ceramics Technology Bhd ranks #61 out of 945 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, ES Ceramics Technology Bhd has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ES Ceramics Technology Bhd's Net Current Asset Value compare to LIN and SHW?
According to the Chemicals industry distribution chart, ES Ceramics Technology Bhd ranks #61 out of 945 companies for Net Current Asset Value. This places ES Ceramics Technology Bhd in the top 7% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.30. Historically, ES Ceramics Technology Bhd's own Net Current Asset Value has ranged from 0.77 to 7.50 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 Chemicals company?
The median Net Current Asset Value among Chemicals companies is 5.30, based on 945 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 ES Ceramics Technology Bhd and its competitors. For the Chemicals industry, the median Net Current Asset Value is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ES Ceramics Technology Bhd's current Net Current Asset Value is RM0.13, which is 93% below median its own 10-year median of 1.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ES Ceramics Technology Bhd stock overvalued right now?
Based on GuruFocus' analysis, ES Ceramics Technology Bhd (XKLS:0100) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.19, compared to a current price of RM0.14 — trading 28.9% below its estimated fair value. The current Net Current Asset Value is RM0.13, which is 93% below median its 10-year median of 1.84. ES Ceramics Technology Bhd's overall GF Score™ is 62/100 with 7 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 ES Ceramics Technology Bhd (XKLS:0100), the current Net Current Asset Value is RM0.13 as of Feb. 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 ES Ceramics Technology Bhd (XKLS:0100) Overvalued in 2026?
Based on GuruFocus' analysis, ES Ceramics Technology Bhd stock appears to be undervalued.
The current stock price of RM0.14 is trading 28.9% below its estimated GF Value™ of RM0.19.
GuruFocus considers ES Ceramics Technology Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:0100:
Net Current Asset Value: RM0.13 (93% below median its 10-year median of 1.84)
GF Value™: RM0.19 vs. price of RM0.14 (28.9% below fair value)
No single metric tells the full story. See the XKLS:0100 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ES Ceramics Technology Bhd is an investment holding company. Through its holding, the company manufactures and distributes ceramic hand formers. Its product offerings include examination formers, surgical formers, household formers, and breathing bags and balloons. The formers are for continuous industrial use under heavy-duty conditions, to withstand the complex processes involving heat and chemicals to produce gloves. Geographically, it derives a majority of its revenue from Malaysia. Its segments include Investing, Glove equipment, and Construction, of which the Construction segment derives the maximum revenue. The Construction segment is engaged in the manufacturing and supply of chemical products and construction materials, including readymix concrete.
62GF Score
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