M N C Wireless Bhd (XKLS:0103) Net Current Asset Value: RM0.15 (As of Feb. 2026) — 81% Below Median

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What is M N C Wireless Bhd Net Current Asset Value?

M N C Wireless Bhd XKLS:0103 Net Current Asset Value is RM0.15 as of Feb. 2026, which is 100% below its 10-year median of 0.80. The stock has 6 warning signs investors should review. Among 98 Telecommunication Services companies, M N C Wireless Bhd ranks better than 98.98% 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).

M N C Wireless Bhd's net current asset value per share for the quarter that ended in Feb. 2026 was RM0.15.

The historical rank and industry rank for M N C Wireless Bhd's Net Current Asset Value or its related term are showing as below:

XKLS:0103' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.23   Med: 0.8   Max: 1.67
Current: 0.27

During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of M N C Wireless Bhd was 1.67. The lowest was 0.23. And the median was 0.80.

XKLS:0103's Price-to-Net-Current-Asset-Value is ranked better than
98.98% of 98 companies
in the Telecommunication Services industry
Industry Median: 5.45 vs XKLS:0103: 0.27

M N C Wireless Bhd  (XKLS:0103) 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 Graham’s 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.


M N C Wireless Bhd Net Current Asset Value Related Terms


M N C Wireless Bhd Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for M N C Wireless 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.

M N C Wireless Bhd Net Current Asset Value Chart

M N C Wireless Bhd Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.33 0.25 0.18 0.15 0.16

M N C Wireless Bhd Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Nov25 Feb26
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.16 0.00 0.15 0.15

XKLS:0103 vs VZ, TMUS, T: Net Current Asset Value Comparison

For the Telecom Services subindustry, M N C Wireless 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.


M N C Wireless Bhd Price-to-Net-Current-Asset-Value vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, M N C Wireless Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where M N C Wireless Bhd's Price-to-Net-Current-Asset-Value falls into.



M N C Wireless Bhd Net Current Asset Value Calculation

M N C Wireless Bhd's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Apr. 2025 is calculated as

Net Current Asset Value Per Share(A: Apr. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(67.028-21.788-0-3.677)/259.374
=0.16

M N C Wireless Bhd's Net Current Asset Value (NCAV) per share for the quarter that ended in Feb. 2026 is calculated as

Net Current Asset Value Per Share(Q: Feb. 2026 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(60.825-19.339-0-3.55)/259.637
=0.15

* 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 RM0.15 mean?
M N C Wireless Bhd (XKLS:0103) has a Net Current Asset Value of RM0.15 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 M N C Wireless Bhd and its competitors. This is 81% below median its historical median of 0.80. Over the past decade, M N C Wireless Bhd's Net Current Asset Value has ranged from 0.23 to 1.67. According to the industry distribution chart, M N C Wireless Bhd ranks #1 out of 98 companies in the Telecommunication Services industry, placing it in the top 1%.
Is M N C Wireless Bhd's Net Current Asset Value too high?
M N C Wireless Bhd's current Net Current Asset Value of RM0.15 is 81% below median its 10-year median of 0.80. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 1.67. Based on the distribution chart, M N C Wireless Bhd ranks #1 out of 98 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers.
How does M N C Wireless Bhd's Net Current Asset Value compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, M N C Wireless Bhd ranks #1 out of 98 companies for Net Current Asset Value. This places M N C Wireless Bhd in the top 1% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 5.45. Historically, M N C Wireless Bhd's own Net Current Asset Value has ranged from 0.23 to 1.67 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 Telecommunication Services company?
The median Net Current Asset Value among Telecommunication Services companies is 5.45, based on 98 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 M N C Wireless Bhd and its competitors. For the Telecommunication Services industry, the median Net Current Asset Value is 5.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M N C Wireless Bhd's current Net Current Asset Value is RM0.15, which is 81% below median its own 10-year median of 0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M N C Wireless Bhd stock overvalued right now?
Based on GuruFocus' analysis, M N C Wireless Bhd (XKLS:0103) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.13, compared to a current price of RM0.04 — trading 69.2% below its estimated fair value. The current Net Current Asset Value is RM0.15, which is 81% below median its 10-year median of 0.80. 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 M N C Wireless Bhd (XKLS:0103), the current Net Current Asset Value is RM0.15 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.

M N C Wireless Bhd Business Description

Other Exchanges 0103PA.PFD:Malaysia
Address 100-3.011, Jaya One, Number 72A, Jalan Profesor Diraja Ungku Aziz, 129 Offices, Petaling Jaya, SGR, MYS, 46200
M N C Wireless Bhd activities include sales and marketing, and research and development of wireless, mobile and multimedia solutions and content, and investment holding. Its segments comprise Mobile applications, a premium mobile content platform enabling the sale of content via SMS and MMS; Wireless and multimedia related services, including consultations, sales, marketing and implementation of mobile messaging solutions and related multimedia services, which generate the majority of revenue; and Others. Its services include mobile applications, mobile messaging, social media management, mobile billing, web design and development, and web maintenance.