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).
RTS Technology Holdings Bhd's net current asset value per share for the quarter that ended in Dec. 2025 was RM0.08.
The historical rank and industry rank for RTS Technology Holdings Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:03039'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 1.83 Med: 2.06 Max: 2.06
Current: 2.06
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of RTS Technology Holdings Bhd was 2.06. The lowest was 1.83. And the median was 2.06.
XKLS:03039's Price-to-Net-Current-Asset-Value is not ranked
in the Software industry.
Industry Median: 4.83
vs XKLS:03039: 2.06
RTS Technology Holdings Bhd (XKLS:03039) 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.
RTS Technology Holdings Bhd Net Current Asset Value Related Terms
RTS Technology 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.
RTS Technology Holdings Bhd Net Current Asset Value Chart
XKLS:03039 vs IBM, ACN, FISV: Net Current Asset Value Comparison
For the Information Technology Services subindustry, RTS Technology 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.
RTS Technology Holdings Bhd Price-to-Net-Current-Asset-Value vs Software Industry
For the Software industry and Technology sector, RTS Technology Holdings Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where RTS Technology 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 RM0.08 mean?
RTS Technology Holdings Bhd (XKLS:03039) has a Net Current Asset Value of RM0.08 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on RTS Technology Holdings Bhd and its competitors. This is 96% below median its historical median of 2.06. Over the past decade, RTS Technology Holdings Bhd's Net Current Asset Value has ranged from 1.83 to 2.06.
Is RTS Technology Holdings Bhd's Net Current Asset Value too high?
RTS Technology Holdings Bhd's current Net Current Asset Value of RM0.08 is 96% below median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.83 to a high of 2.06. Overall, RTS Technology Holdings Bhd has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does RTS Technology Holdings Bhd's Net Current Asset Value compare to IBM and ACN?
RTS Technology Holdings Bhd's Net Current Asset Value of RM0.08 can be compared against companies in the Software industry. The industry median Net Current Asset Value is 4.83. Historically, RTS Technology Holdings Bhd's own Net Current Asset Value has ranged from 1.83 to 2.06 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 Software company?
The median Net Current Asset Value among Software companies is 4.83, based on 1,755 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 RTS Technology Holdings Bhd and its competitors. For the Software industry, the median Net Current Asset Value is 4.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RTS Technology Holdings Bhd's current Net Current Asset Value is RM0.08, which is 96% below median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RTS Technology Holdings Bhd stock overvalued right now?
RTS Technology Holdings Bhd (XKLS:03039) has a current Net Current Asset Value of RM0.08. The stock's GF Value™ is RM0.30, compared to a current price of RM0.17 — trading 45% below its estimated fair value. The current Net Current Asset Value is RM0.08, which is 96% below median its 10-year median of 2.06. RTS Technology Holdings Bhd's overall GF Score™ is 34/100 with 5 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 RTS Technology Holdings Bhd (XKLS:03039), the current Net Current Asset Value is RM0.08 as of Dec. 2025. 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 RTS Technology Holdings Bhd (XKLS:03039) Overvalued in 2026?
Based on GuruFocus' analysis, RTS Technology Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.17 is trading 45% below its estimated GF Value™ of RM0.30.
Key valuation signals for XKLS:03039:
Net Current Asset Value: RM0.08 (96% below median its 10-year median of 2.06)
GF Value™: RM0.30 vs. price of RM0.17 (45% below fair value)
No single metric tells the full story. See the XKLS:03039 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
RTS Technology Holdings Bhd is a multi-disciplinary technology company committed to providing solutions to help optimize the operational efficiencies of toll collection operations. Along with its subsidiaries, the company operates in the following business segments; Service rendered which derives key revenue and includes design, engineering, and system integration of expressway toll collection system; and the Sale of software system and equipment-related services segment which represents the sale of goods and service rendered which is trading in nature and maintenance service for the expressway toll collection system. Geographically, it derives maximum revenue from its customers in Malaysia followed by Myanmar and Philippines.
34GF Score
Get the complete analysis for XKLS:03039
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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