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Gas Malaysia BhdXKLS:5209 +0.40%75 Net Current Asset Value is RM-0.82 as of Mar. 2026. GuruFocus rates XKLS:5209 with a GF Score™ of 75/100 and a GF Value™ of RM3.67 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 90 Utilities - Regulated companies, Gas Malaysia Bhd ranks worse than 1111110% 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).
Gas Malaysia Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM-0.82.
The historical rank and industry rank for Gas Malaysia Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:5209's Price-to-Net-Current-Asset-Value is not ranked *
in the Utilities - Regulated industry.
Industry Median: 4.09 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Gas Malaysia Bhd (XKLS:5209) 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.
Gas Malaysia Bhd Net Current Asset Value Related Terms
Gas Malaysia Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Gas Malaysia 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:5209 vs ATO, NI, UGI: Net Current Asset Value Comparison
For the Utilities - Regulated Gas subindustry, Gas Malaysia 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.
Gas Malaysia Bhd Price-to-Net-Current-Asset-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Gas Malaysia Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Gas Malaysia 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-0.82 mean?
Gas Malaysia Bhd (XKLS:5209) has a Net Current Asset Value of RM-0.82 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 Gas Malaysia Bhd and its competitors. According to the industry distribution chart, Gas Malaysia Bhd ranks #999999 out of 90 companies in the Utilities - Regulated industry.
Is Gas Malaysia Bhd's Net Current Asset Value too high?
Gas Malaysia Bhd's current Net Current Asset Value is RM-0.82. Based on the distribution chart, Gas Malaysia Bhd ranks #999999 out of 90 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Gas Malaysia Bhd has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gas Malaysia Bhd's Net Current Asset Value compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Gas Malaysia Bhd ranks #999999 out of 90 companies for Net Current Asset Value. This places Gas Malaysia Bhd in the lower half of its industry. The industry median Net Current Asset Value is 4.09. 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 Utilities - Regulated company?
The median Net Current Asset Value among Utilities - Regulated companies is 4.09, based on 90 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 Gas Malaysia Bhd and its competitors. For the Utilities - Regulated industry, the median Net Current Asset Value is 4.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gas Malaysia Bhd's current Net Current Asset Value is RM-0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gas Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Gas Malaysia Bhd (XKLS:5209) is currently considered Significantly Overvalued. The stock's GF Value™ is RM3.67, compared to a current price of RM5.07 — trading 38.1% above its estimated fair value. The current Net Current Asset Value is RM-0.82. Gas Malaysia Bhd's overall GF Score™ is 75/100 with 5 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 Gas Malaysia Bhd (XKLS:5209), the current Net Current Asset Value is RM-0.82 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 Gas Malaysia Bhd (XKLS:5209) Overvalued in 2026?
Based on GuruFocus' analysis, Gas Malaysia Bhd stock appears to be overvalued.
The current stock price of RM5.07 is trading 38.1% above its estimated GF Value™ of RM3.67.
GuruFocus considers Gas Malaysia Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5209:
Net Current Asset Value: RM-0.82
GF Value™: RM3.67 vs. price of RM5.07 (38.1% above fair value)
No single metric tells the full story. See the XKLS:5209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gas Malaysia Bhd is engaged in the sale, marketing, and distribution of natural gas to residential, commercial, and industrial customers, as well as the development, operation, and maintenance of the Natural Gas Distribution System (NGDS) in Peninsular Malaysia. The company segments its operations into Natural Gas & LPG and Others. Nearly all of Gas Malaysia's revenue is derived from its Natural Gas and LPG division. Its revenue is mainly derived from the sales of natural gas to industrial, commercial, and residential customers. The group sells gas to customers in various forms, namely natural gas, LPG, and CNG.
75GF Score
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