Kinergy Advancement BhdXKLS:0193 -1.28%60 Net Current Asset Value is RM0.01 as of Mar. 2026, which is 100% below its 10-year median of 15.00. GuruFocus rates XKLS:0193 with a GF Score™ of 60/100 and a GF Value™ of RM0.90 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,058 Construction companies, Kinergy Advancement Bhd ranks worse than 94.61% 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).
Kinergy Advancement 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 Kinergy Advancement Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:0193'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.55 Med: 15 Max: 39
Current: 38.5
During the past 12 years, the highest Price-to-Net-Current-Asset-Value Ratio of Kinergy Advancement Bhd was 39.00. The lowest was 1.55. And the median was 15.00.
XKLS:0193's Price-to-Net-Current-Asset-Value is ranked worse than 94.61% of 1058
companies
in the Construction industry
Industry Median: 3.245
vs XKLS:0193: 38.50
Kinergy Advancement Bhd (XKLS:0193) 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.
Kinergy Advancement Bhd Net Current Asset Value Related Terms
Kinergy Advancement Bhd Net Current Asset Value Historical Data
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The historical data trend for Kinergy Advancement 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.
Kinergy Advancement Bhd Net Current Asset Value Chart
XKLS:0193 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Kinergy Advancement 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.
Kinergy Advancement Bhd Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Kinergy Advancement Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Kinergy Advancement 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?
Kinergy Advancement Bhd (XKLS:0193) 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 Kinergy Advancement Bhd and its competitors. This is 100% below median its historical median of 15.00. Over the past decade, Kinergy Advancement Bhd's Net Current Asset Value has ranged from 1.55 to 39.00. According to the industry distribution chart, Kinergy Advancement Bhd ranks #1001 out of 1058 companies in the Construction industry, placing it in the top 94.6%.
Is Kinergy Advancement Bhd's Net Current Asset Value too high?
Kinergy Advancement Bhd's current Net Current Asset Value of RM0.01 is 100% below median its 10-year median of 15.00. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 39.00. Based on the distribution chart, Kinergy Advancement Bhd ranks #1001 out of 1058 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Kinergy Advancement Bhd has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Kinergy Advancement Bhd's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Kinergy Advancement Bhd ranks #1001 out of 1058 companies for Net Current Asset Value. This places Kinergy Advancement Bhd in the lower half of its industry. The industry median Net Current Asset Value is 3.25. Historically, Kinergy Advancement Bhd's own Net Current Asset Value has ranged from 1.55 to 39.00 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 Construction company?
The median Net Current Asset Value among Construction companies is 3.25, based on 1,058 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 Kinergy Advancement Bhd and its competitors. For the Construction industry, the median Net Current Asset Value is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kinergy Advancement Bhd's current Net Current Asset Value is RM0.01, which is 100% below median its own 10-year median of 15.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kinergy Advancement Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kinergy Advancement Bhd (XKLS:0193) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.90, compared to a current price of RM0.39 — trading 57.2% below its estimated fair value. The current Net Current Asset Value is RM0.01, which is 100% below median its 10-year median of 15.00. Kinergy Advancement Bhd's overall GF Score™ is 60/100 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 Kinergy Advancement Bhd (XKLS:0193), 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 Kinergy Advancement Bhd (XKLS:0193) Overvalued in 2026?
Based on GuruFocus' analysis, Kinergy Advancement Bhd stock appears to be undervalued.
The current stock price of RM0.39 is trading 57.2% below its estimated GF Value™ of RM0.90.
GuruFocus considers Kinergy Advancement Bhd to be Possible Value Trap.
Key valuation signals for XKLS:0193:
Net Current Asset Value: RM0.01 (100% below median its 10-year median of 15.00)
GF Value™: RM0.90 vs. price of RM0.39 (57.2% below fair value)
No single metric tells the full story. See the XKLS:0193 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kinergy Advancement Bhd is principally engaged in the business of provision of electrical and mechanical engineering services and operation of generating facilities that produce electric energy. The Company is recognised in the ENERGY SPACE as a Holistic One-Stop Energy and Engineering Solutions Provider. The reportable business segments of the Group comprise Engineering, provision of engineering solutions, and Sustainable Energy Solutions (SES), provision of clean energy, renewable energy and energy efficient solutions. It generates maximum revenue from Sustainable Energy Solutions (SES). It operates in Malaysia, Thailand and Indonesia, and generates maximum revenue from Malaysia.
60GF Score
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