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).
South Malaysia Industries Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM-0.02.
The historical rank and industry rank for South Malaysia Industries Bhd's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of South Malaysia Industries Bhd was 43.00. The lowest was 0.47. And the median was 1.43.
XKLS:4375's Price-to-Net-Current-Asset-Value is not ranked *
in the Industrial Products industry.
Industry Median: 5.34 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
South Malaysia Industries Bhd (XKLS:4375) 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.
South Malaysia Industries Bhd Net Current Asset Value Related Terms
South Malaysia Industries 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.
South Malaysia Industries Bhd Net Current Asset Value Chart
XKLS:4375 vs VRT, BE: Net Current Asset Value Comparison
For the Electrical Equipment & Parts subindustry, South Malaysia Industries 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.
South Malaysia Industries Bhd Price-to-Net-Current-Asset-Value vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, South Malaysia Industries Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where South Malaysia Industries 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-0.02 mean?
South Malaysia Industries Bhd (XKLS:4375) has a Net Current Asset Value of RM-0.02 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 South Malaysia Industries Bhd and its competitors. Over the past decade, South Malaysia Industries Bhd's Net Current Asset Value has ranged from 0.47 to 43.00. According to the industry distribution chart, South Malaysia Industries Bhd ranks #999999 out of 2215 companies in the Industrial Products industry.
Is South Malaysia Industries Bhd's Net Current Asset Value too high?
South Malaysia Industries Bhd's current Net Current Asset Value is RM-0.02. Over the past 10 years, this metric has ranged from a low of 0.47 to a high of 43.00. Based on the distribution chart, South Malaysia Industries Bhd ranks #999999 out of 2215 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, South Malaysia Industries Bhd has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does South Malaysia Industries Bhd's Net Current Asset Value compare to VRT and BE?
According to the Industrial Products industry distribution chart, South Malaysia Industries Bhd ranks #999999 out of 2215 companies for Net Current Asset Value. This places South Malaysia Industries Bhd in the lower half of its industry. The industry median Net Current Asset Value is 5.34. Historically, South Malaysia Industries Bhd's own Net Current Asset Value has ranged from 0.47 to 43.00 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 Industrial Products company?
The median Net Current Asset Value among Industrial Products companies is 5.34, based on 2,215 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 South Malaysia Industries Bhd and its competitors. For the Industrial Products industry, the median Net Current Asset Value is 5.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. South Malaysia Industries Bhd's current Net Current Asset Value is RM-0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is South Malaysia Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, South Malaysia Industries Bhd (XKLS:4375) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.36, compared to a current price of RM0.19 — trading 47.2% below its estimated fair value. The current Net Current Asset Value is RM-0.02. South Malaysia Industries Bhd's overall GF Score™ is 36/100 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 South Malaysia Industries Bhd (XKLS:4375), the current Net Current Asset Value is RM-0.02 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 South Malaysia Industries Bhd (XKLS:4375) Overvalued in 2026?
Based on GuruFocus' analysis, South Malaysia Industries Bhd stock appears to be undervalued.
The current stock price of RM0.19 is trading 47.2% below its estimated GF Value™ of RM0.36.
GuruFocus considers South Malaysia Industries Bhd to be Possible Value Trap.
Key valuation signals for XKLS:4375:
Net Current Asset Value: RM-0.02
GF Value™: RM0.36 vs. price of RM0.19 (47.2% below fair value)
No single metric tells the full story. See the XKLS:4375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
South Malaysia Industries Bhd Business Description
South Malaysia Industries Bhd is principally engaged in investment holding, trading, property development and provision of management services. The company's reportable segments are: i) Property development: Develop and sale of residential and commercial properties, ii) Property & investment holding: Investment in properties, carpark operation and holding company, iii) Manufacturing and trading: Manufacture of assorted wires and trading. The majority of the company's revenue is derived from the Manufacturing and trading segment. Geographically, it predominantly operates in Malaysia.
36GF Score
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