Ocean Vantage Holdings BhdXKLS:0220 +4.08%54 Net Current Asset Value is RM0.14 as of Mar. 2026, which is 100% below its 10-year median of 1.54. GuruFocus rates XKLS:0220 with a GF Score™ of 54/100 and a GF Value™ of RM0.13 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 298 Oil & Gas companies, Ocean Vantage Holdings Bhd ranks better than 74.16% 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).
Ocean Vantage Holdings Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM0.14.
The historical rank and industry rank for Ocean Vantage Holdings Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:0220'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.04 Med: 1.54 Max: 4.45
Current: 1.82
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Ocean Vantage Holdings Bhd was 4.45. The lowest was 1.04. And the median was 1.54.
XKLS:0220's Price-to-Net-Current-Asset-Value is ranked better than 74.16% of 298
companies
in the Oil & Gas industry
Industry Median: 3.865
vs XKLS:0220: 1.82
Ocean Vantage Holdings Bhd (XKLS:0220) 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.
Ocean Vantage Holdings Bhd Net Current Asset Value Related Terms
Ocean Vantage Holdings 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.
Ocean Vantage Holdings Bhd Net Current Asset Value Chart
XKLS:0220 vs SLB, BKR, HAL: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, Ocean Vantage Holdings 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.
Ocean Vantage Holdings Bhd Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ocean Vantage Holdings Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ocean Vantage Holdings 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 RM0.14 mean?
Ocean Vantage Holdings Bhd (XKLS:0220) has a Net Current Asset Value of RM0.14 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 Ocean Vantage Holdings Bhd and its competitors. This is 91% below median its historical median of 1.54. Over the past decade, Ocean Vantage Holdings Bhd's Net Current Asset Value has ranged from 1.04 to 4.45. According to the industry distribution chart, Ocean Vantage Holdings Bhd ranks #77 out of 298 companies in the Oil & Gas industry, placing it in the top 25.8%.
Is Ocean Vantage Holdings Bhd's Net Current Asset Value too high?
Ocean Vantage Holdings Bhd's current Net Current Asset Value of RM0.14 is 91% below median its 10-year median of 1.54. Over the past 10 years, this metric has ranged from a low of 1.04 to a high of 4.45. Based on the distribution chart, Ocean Vantage Holdings Bhd ranks #77 out of 298 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Ocean Vantage Holdings Bhd has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ocean Vantage Holdings Bhd's Net Current Asset Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Ocean Vantage Holdings Bhd ranks #77 out of 298 companies for Net Current Asset Value. This puts Ocean Vantage Holdings Bhd in the upper half of its industry. The industry median Net Current Asset Value is 3.87. Historically, Ocean Vantage Holdings Bhd's own Net Current Asset Value has ranged from 1.04 to 4.45 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 an Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.87, based on 298 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 Ocean Vantage Holdings Bhd and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ocean Vantage Holdings Bhd's current Net Current Asset Value is RM0.14, which is 91% below median its own 10-year median of 1.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Vantage Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ocean Vantage Holdings Bhd (XKLS:0220) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.13, compared to a current price of RM0.26 — trading 96.2% above its estimated fair value. The current Net Current Asset Value is RM0.14, which is 91% below median its 10-year median of 1.54. Ocean Vantage Holdings Bhd's overall GF Score™ is 54/100 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 Ocean Vantage Holdings Bhd (XKLS:0220), the current Net Current Asset Value is RM0.14 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 Ocean Vantage Holdings Bhd (XKLS:0220) Overvalued in 2026?
Based on GuruFocus' analysis, Ocean Vantage Holdings Bhd stock appears to be overvalued.
The current stock price of RM0.26 is trading 96.2% above its estimated GF Value™ of RM0.13.
GuruFocus considers Ocean Vantage Holdings Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:0220:
Net Current Asset Value: RM0.14 (91% below median its 10-year median of 1.54)
GF Value™: RM0.13 vs. price of RM0.26 (96.2% above fair value)
No single metric tells the full story. See the XKLS:0220 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ocean Vantage Holdings Bhd, along with its subsidiaries, is engaged in the provision of support services for the oil and gas industry, where it supports both the upstream and downstream oil and gas activities. The Group operates through four segments: Engineering, procurement, and construction (EPC) and Project management; Supply of manpower; Supply of materials, tools, and equipment; and Drilling rig charter. Maximum revenue is derived from the Supply of manpower segment, which delivers tailored manpower solutions to the oil and gas sector by providing end-to-end manpower services, from sourcing and screening to onboarding and workforce management, at every stage of the project. Geographically, the Group generates maximum revenue from the local market and also has an overseas presence.
54GF Score
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