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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).
Tan Chong Motor Holdings Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM-0.96.
The historical rank and industry rank for Tan Chong Motor Holdings 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 Tan Chong Motor Holdings Bhd was 14.00. The lowest was 5.82. And the median was 7.68.
XKLS:4405's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.72 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Tan Chong Motor Holdings Bhd (XKLS:4405) 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.
Tan Chong Motor Holdings Bhd Net Current Asset Value Related Terms
Tan Chong Motor 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.
Tan Chong Motor Holdings Bhd Net Current Asset Value Chart
XKLS:4405 vs TSLA, GM, F: Net Current Asset Value Comparison
For the Auto Manufacturers subindustry, Tan Chong Motor 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.
Tan Chong Motor Holdings Bhd Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tan Chong Motor Holdings Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Tan Chong Motor 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 RM-0.96 mean?
Tan Chong Motor Holdings Bhd (XKLS:4405) has a Net Current Asset Value of RM-0.96 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 Tan Chong Motor Holdings Bhd and its competitors. Over the past decade, Tan Chong Motor Holdings Bhd's Net Current Asset Value has ranged from 5.82 to 14.00. According to the industry distribution chart, Tan Chong Motor Holdings Bhd ranks #999999 out of 707 companies in the Vehicles & Parts industry.
Is Tan Chong Motor Holdings Bhd's Net Current Asset Value too high?
Tan Chong Motor Holdings Bhd's current Net Current Asset Value is RM-0.96. Over the past 10 years, this metric has ranged from a low of 5.82 to a high of 14.00. Based on the distribution chart, Tan Chong Motor Holdings Bhd ranks #999999 out of 707 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Tan Chong Motor Holdings Bhd has a GF Score™ of 24/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tan Chong Motor Holdings Bhd's Net Current Asset Value compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Tan Chong Motor Holdings Bhd ranks #999999 out of 707 companies for Net Current Asset Value. This places Tan Chong Motor Holdings Bhd in the lower half of its industry. The industry median Net Current Asset Value is 4.72. Historically, Tan Chong Motor Holdings Bhd's own Net Current Asset Value has ranged from 5.82 to 14.00 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 a Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.72, based on 707 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 Tan Chong Motor Holdings Bhd and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tan Chong Motor Holdings Bhd's current Net Current Asset Value is RM-0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tan Chong Motor Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tan Chong Motor Holdings Bhd (XKLS:4405) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.63, compared to a current price of RM0.48 — trading 23.8% below its estimated fair value. The current Net Current Asset Value is RM-0.96. Tan Chong Motor Holdings 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 Tan Chong Motor Holdings Bhd (XKLS:4405), the current Net Current Asset Value is RM-0.96 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 Tan Chong Motor Holdings Bhd (XKLS:4405) Overvalued in 2026?
Based on GuruFocus' analysis, Tan Chong Motor Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.48 is trading 23.8% below its estimated GF Value™ of RM0.63.
GuruFocus considers Tan Chong Motor Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:4405:
Net Current Asset Value: RM-0.96
GF Value™: RM0.63 vs. price of RM0.48 (23.8% below fair value)
No single metric tells the full story. See the XKLS:4405 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tan Chong Motor Holdings Bhd is an investment holding company. Along with its subsidiaries, it operates in the following reportable segments: Vehicle assembly, manufacturing, distribution and after-sales services, Financial Services, and other operations. The Vehicles assembly, manufacturing, distribution and after-sales services segment generates maximum revenue, by engaging in the assembly and distribution of passenger and commercial vehicles, automotive workshop services, and the distribution and manufacturing of automotive parts. The Financial Services segment provides hire purchase financing, personal loans, and insurance agency services. Geographically, the Group derives maximum revenue from Malaysia, and the rest from Vietnam and other countries.
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