Elsa BhdXKLS:0458 +4.44%16 Net Current Asset Value is RM0.11 as of Dec. 2025. GuruFocus rates XKLS:0458 with a GF Score™ of 16/100. Among 296 Oil & Gas companies, Elsa Bhd ranks better than 64.86% 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).
Elsa Bhd's net current asset value per share for the quarter that ended in Dec. 2025 was RM0.11.
The historical rank and industry rank for Elsa Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:0458'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0 Med: 0 Max: 2.14
Current: 2.14
During the past 4 years, the highest Price-to-Net-Current-Asset-Value Ratio of Elsa Bhd was 2.14. The lowest was 0.00. And the median was 0.00.
XKLS:0458's Price-to-Net-Current-Asset-Value is ranked better than 64.86% of 296
companies
in the Oil & Gas industry
Industry Median: 3.835
vs XKLS:0458: 2.14
Elsa Bhd (XKLS:0458) 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.
Elsa Bhd Net Current Asset Value Related Terms
Elsa Bhd Net Current Asset Value Historical Data
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The historical data trend for Elsa 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.
Elsa Bhd Net Current Asset Value Chart
Elsa Bhd Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
0.03
0.05
0.05
0.11
Elsa Bhd Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Net Current Asset Value
0.03
0.05
0.05
0.11
XKLS:0458 vs SLB, BKR, HAL: Net Current Asset Value Comparison
For the Oil & Gas Equipment & Services subindustry, Elsa 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.
Elsa Bhd Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Elsa Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Elsa 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 RM0.11 mean?
Elsa Bhd (XKLS:0458) has a Net Current Asset Value of RM0.11 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 Elsa Bhd and its competitors. According to the industry distribution chart, Elsa Bhd ranks #104 out of 296 companies in the Oil & Gas industry, placing it in the top 35.1%.
Is Elsa Bhd's Net Current Asset Value too high?
Elsa Bhd's current Net Current Asset Value is RM0.11. Based on the distribution chart, Elsa Bhd ranks #104 out of 296 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Elsa Bhd has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Elsa Bhd's Net Current Asset Value compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Elsa Bhd ranks #104 out of 296 companies for Net Current Asset Value. This puts Elsa Bhd in the upper half of its industry. The industry median Net Current Asset Value is 3.84. 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 3.84, based on 296 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 Elsa Bhd and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elsa Bhd's current Net Current Asset Value is RM0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elsa Bhd stock overvalued right now?
Elsa Bhd (XKLS:0458) has a current Net Current Asset Value of RM0.11. The current Net Current Asset Value is RM0.11. Elsa Bhd's overall GF Score™ is 16/100. 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 Elsa Bhd (XKLS:0458), the current Net Current Asset Value is RM0.11 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.
Elsa Bhd is an investment holding company. Through its subsidiaries, the company is principally involved in the provision of O&G service and equipment solutions which include, amongst others, oilfield service solutions, talent solutions, digital solutions as well as robotics and engineering solutions. Its main business segments comprise: i) Oilfield service solutions, Talent solutions, Digital solutions, and Robotics and engineering solutions. The majority of revenue is derived from the Oilfield service solutions segment, which include supporting activities throughout the lifecycle of an oilfield, mainly in subsurface geoscience and petroleum engineering services, production optimisation services and well services subsegments. Geographically, key revenue is derived from Malaysia.
16GF Score
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