Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
TCS Group Holdings BhdXKLS:0221 Net Current Asset Value is RM0.07 as of Mar. 2026, which is 100% below its 10-year median of 3.04. The stock has 7 warning signs investors should review. Among 1,058 Construction companies, TCS Group Holdings Bhd ranks better than 83.36% 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).
TCS Group Holdings Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM0.07.
The historical rank and industry rank for TCS Group Holdings Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:0221'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.14 Med: 3.04 Max: 8.82
Current: 1.21
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of TCS Group Holdings Bhd was 8.82. The lowest was 1.14. And the median was 3.04.
XKLS:0221's Price-to-Net-Current-Asset-Value is ranked better than 83.36% of 1058
companies
in the Construction industry
Industry Median: 3.2
vs XKLS:0221: 1.21
TCS Group Holdings Bhd (XKLS:0221) 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.
TCS Group Holdings Bhd Net Current Asset Value Related Terms
TCS Group Holdings Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for TCS Group Holdings 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.
TCS Group Holdings Bhd Net Current Asset Value Chart
XKLS:0221 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, TCS Group 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.
TCS Group Holdings Bhd Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, TCS Group Holdings Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where TCS Group 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 RM0.07 mean?
TCS Group Holdings Bhd (XKLS:0221) has a Net Current Asset Value of RM0.07 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 TCS Group Holdings Bhd and its competitors. This is 98% below median its historical median of 3.04. Over the past decade, TCS Group Holdings Bhd's Net Current Asset Value has ranged from 1.14 to 8.82. According to the industry distribution chart, TCS Group Holdings Bhd ranks #176 out of 1058 companies in the Construction industry, placing it in the top 16.6%.
Is TCS Group Holdings Bhd's Net Current Asset Value too high?
TCS Group Holdings Bhd's current Net Current Asset Value of RM0.07 is 98% below median its 10-year median of 3.04. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 8.82. Based on the distribution chart, TCS Group Holdings Bhd ranks #176 out of 1058 companies in the Construction industry, which is in the top quartile — a strong position relative to peers.
How does TCS Group Holdings Bhd's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, TCS Group Holdings Bhd ranks #176 out of 1058 companies for Net Current Asset Value. This places TCS Group Holdings Bhd in the top 17% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.20. Historically, TCS Group Holdings Bhd's own Net Current Asset Value has ranged from 1.14 to 8.82 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 3.20, 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 TCS Group Holdings Bhd and its competitors. For the Construction industry, the median Net Current Asset Value is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TCS Group Holdings Bhd's current Net Current Asset Value is RM0.07, which is 98% below median its own 10-year median of 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TCS Group Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, TCS Group Holdings Bhd (XKLS:0221) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.13, compared to a current price of RM0.09 — trading 34.6% below its estimated fair value. The current Net Current Asset Value is RM0.07, which is 98% below median its 10-year median of 3.04. 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 TCS Group Holdings Bhd (XKLS:0221), the current Net Current Asset Value is RM0.07 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.
TCS Group Holdings Bhd is a building and infrastructure construction services provider for residential, commercial, and civil works in Malaysia. The Group has completed various types of residential buildings such as terrace houses, bungalows, high-rise apartments and condominium, as well as commercial buildings such as shop offices, shopping complexes, factory buildings and purpose-built buildings. Its services also include civil works such as roads, water and sewerage treatment plants, electrical substations, water tanks, and reticulation systems for townships. Its projects include BRDB Sales Gallery in Subang Jaya, Selangor, the IOI Moxy Hotel in IOI Resort City, Putrajaya, M Arisa in Sentul, Kuala Lumpur, and others. The Group's operations are predominantly carried out in Malaysia.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:0221 has been successfully added to your 
