MAA Group BhdXKLS:1198 24 Net Current Asset Value is RM0.28 as of Mar. 2026, which is 100% below its 10-year median of 0.82. GuruFocus rates XKLS:1198 with a GF Score™ of 24/100 and a GF Value™ of RM0.23 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 26 Insurance companies, MAA Group Bhd ranks better than 96.15% 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).
MAA Group Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM0.28.
The historical rank and industry rank for MAA Group Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:1198'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.38 Med: 0.82 Max: 5.85
Current: 0.57
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of MAA Group Bhd was 5.85. The lowest was 0.38. And the median was 0.82.
XKLS:1198's Price-to-Net-Current-Asset-Value is ranked better than 96.15% of 26
companies
in the Insurance industry
Industry Median: 6.41
vs XKLS:1198: 0.57
MAA Group Bhd (XKLS:1198) 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.
MAA Group Bhd Net Current Asset Value Related Terms
MAA Group Bhd Net Current Asset Value Historical Data
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The historical data trend for MAA Group 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.
XKLS:1198 vs BRK.A, AIG, HIG: Net Current Asset Value Comparison
For the Insurance - Diversified subindustry, MAA Group 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.
MAA Group Bhd Price-to-Net-Current-Asset-Value vs Insurance Industry
For the Insurance industry and Financial Services sector, MAA Group Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where MAA Group 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 RM0.28 mean?
MAA Group Bhd (XKLS:1198) has a Net Current Asset Value of RM0.28 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 MAA Group Bhd and its competitors. This is 66% below median its historical median of 0.82. Over the past decade, MAA Group Bhd's Net Current Asset Value has ranged from 0.38 to 5.85. According to the industry distribution chart, MAA Group Bhd ranks #1 out of 26 companies in the Insurance industry, placing it in the top 3.8%.
Is MAA Group Bhd's Net Current Asset Value too high?
MAA Group Bhd's current Net Current Asset Value of RM0.28 is 66% below median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.38 to a high of 5.85. Based on the distribution chart, MAA Group Bhd ranks #1 out of 26 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, MAA Group Bhd has a GF Score™ of 24/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MAA Group Bhd's Net Current Asset Value compare to BRK.A and AIG?
According to the Insurance industry distribution chart, MAA Group Bhd ranks #1 out of 26 companies for Net Current Asset Value. This places MAA Group Bhd in the top 4% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 6.41. Historically, MAA Group Bhd's own Net Current Asset Value has ranged from 0.38 to 5.85 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 Insurance company?
The median Net Current Asset Value among Insurance companies is 6.41, based on 26 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 MAA Group Bhd and its competitors. For the Insurance industry, the median Net Current Asset Value is 6.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAA Group Bhd's current Net Current Asset Value is RM0.28, which is 66% below median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAA Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, MAA Group Bhd (XKLS:1198) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.23, compared to a current price of RM0.16 — trading 30.4% below its estimated fair value. The current Net Current Asset Value is RM0.28, which is 66% below median its 10-year median of 0.82. MAA Group Bhd's overall GF Score™ is 24/100 with 3 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 MAA Group Bhd (XKLS:1198), the current Net Current Asset Value is RM0.28 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 MAA Group Bhd (XKLS:1198) Overvalued in 2026?
Based on GuruFocus' analysis, MAA Group Bhd stock appears to be undervalued.
The current stock price of RM0.16 is trading 30.4% below its estimated GF Value™ of RM0.23.
GuruFocus considers MAA Group Bhd to be Possible Value Trap.
Key valuation signals for XKLS:1198:
Net Current Asset Value: RM0.28 (66% below median its 10-year median of 0.82)
GF Value™: RM0.23 vs. price of RM0.16 (30.4% below fair value)
No single metric tells the full story. See the XKLS:1198 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAA Group Bhd is an investment holding company. The company along with its subsidiaries operates in given segments Investment holdings segment is engaged in investment holdings. General Insurance involves the underwriting of all classes of general insurance business. Education Services segment provides private tuition to students, tertiary education for certificates, diplomas, professional and post-graduate degrees; Credit Services involves provision of money lending, debt factoring and other credit activities and Hospitality Services involves provision of hospitality services, Cinema Services food and beverage, retailer of Cigars, and other services including logistics, renovation, facilities management service. It generates maximum revenue from the General insurance segment.
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