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Zelan BhdXKLS:2283 -6.67% Net Current Asset Value is RM-0.54 as of Mar. 2026. The stock has 8 warning signs investors should review. Among 1,061 Construction companies, Zelan Bhd ranks worse than 94250.61% 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).
Zelan Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM-0.54.
The historical rank and industry rank for Zelan Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:2283's Price-to-Net-Current-Asset-Value is not ranked *
in the Construction industry.
Industry Median: 3.19 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Zelan Bhd (XKLS:2283) 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.
Zelan Bhd Net Current Asset Value Related Terms
Zelan Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Zelan 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:2283 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Zelan 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.
Zelan Bhd Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Zelan Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Zelan 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 RM-0.54 mean?
Zelan Bhd (XKLS:2283) has a Net Current Asset Value of RM-0.54 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 Zelan Bhd and its competitors. According to the industry distribution chart, Zelan Bhd ranks #999999 out of 1061 companies in the Construction industry.
Is Zelan Bhd's Net Current Asset Value too high?
Zelan Bhd's current Net Current Asset Value is RM-0.54. Based on the distribution chart, Zelan Bhd ranks #999999 out of 1061 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does Zelan Bhd's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Zelan Bhd ranks #999999 out of 1061 companies for Net Current Asset Value. This places Zelan Bhd in the lower half of its industry. The industry median Net Current Asset Value is 3.19. 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 3.19, based on 1,061 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 Zelan Bhd and its competitors. For the Construction industry, the median Net Current Asset Value is 3.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zelan Bhd's current Net Current Asset Value is RM-0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zelan Bhd stock overvalued right now?
Based on GuruFocus' analysis, Zelan Bhd (XKLS:2283) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.03, compared to a current price of RM0.07 — trading 133.3% above its estimated fair value. The current Net Current Asset Value is RM-0.54. 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 Zelan Bhd (XKLS:2283), the current Net Current Asset Value is RM-0.54 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.
Zelan Bhd is a company involved in the engineering and construction business sector. The company business segments are the Engineering and Construction segment, which includes projects in Indonesia, the Middle East, and Malaysia, the Property and Development business segment, which includes rental income, car park income, and management fees; the Asset facility management business segment are asset management services provided for the concession agreement; and Investment business segment includes rental income. The majority of the revenue is derived from Asset facility management segment.
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