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Velesto Energy BhdXKLS:5243 +2.00%59 Net Current Asset Value is RM0.04 as of Mar. 2026, which is 100% below its 10-year median of 8.84. GuruFocus rates XKLS:5243 with a GF Score™ of 59/100 and a GF Value™ of RM0.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 299 Oil & Gas companies, Velesto Energy Bhd ranks worse than 61.2% 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).
Velesto Energy Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM0.04.
The historical rank and industry rank for Velesto Energy Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:5243'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.5 Med: 8.84 Max: 29.5
Current: 6.38
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Velesto Energy Bhd was 29.50. The lowest was 5.50. And the median was 8.84.
XKLS:5243's Price-to-Net-Current-Asset-Value is ranked worse than 61.2% of 299
companies
in the Oil & Gas industry
Industry Median: 3.88
vs XKLS:5243: 6.38
Velesto Energy Bhd (XKLS:5243) 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.
Velesto Energy Bhd Net Current Asset Value Related Terms
Velesto Energy Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Velesto Energy 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:5243 vs NE, RIG, VAL: Net Current Asset Value Comparison
For the Oil & Gas Drilling subindustry, Velesto Energy 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.
Velesto Energy Bhd Price-to-Net-Current-Asset-Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Velesto Energy Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Velesto Energy 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 RM0.04 mean?
Velesto Energy Bhd (XKLS:5243) has a Net Current Asset Value of RM0.04 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 Velesto Energy Bhd and its competitors. This is 100% below median its historical median of 8.84. Over the past decade, Velesto Energy Bhd's Net Current Asset Value has ranged from 5.50 to 29.50. According to the industry distribution chart, Velesto Energy Bhd ranks #183 out of 299 companies in the Oil & Gas industry, placing it in the top 61.2%.
Is Velesto Energy Bhd's Net Current Asset Value too high?
Velesto Energy Bhd's current Net Current Asset Value of RM0.04 is 100% below median its 10-year median of 8.84. Over the past 10 years, this metric has ranged from a low of 5.50 to a high of 29.50. Based on the distribution chart, Velesto Energy Bhd ranks #183 out of 299 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Velesto Energy Bhd has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Velesto Energy Bhd's Net Current Asset Value compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Velesto Energy Bhd ranks #183 out of 299 companies for Net Current Asset Value. This places Velesto Energy Bhd in the lower half of its industry. The industry median Net Current Asset Value is 3.88. Historically, Velesto Energy Bhd's own Net Current Asset Value has ranged from 5.50 to 29.50 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 Oil & Gas company?
The median Net Current Asset Value among Oil & Gas companies is 3.88, based on 299 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 Velesto Energy Bhd and its competitors. For the Oil & Gas industry, the median Net Current Asset Value is 3.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Velesto Energy Bhd's current Net Current Asset Value is RM0.04, which is 100% below median its own 10-year median of 8.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Velesto Energy Bhd stock overvalued right now?
Based on GuruFocus' analysis, Velesto Energy Bhd (XKLS:5243) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.18, compared to a current price of RM0.26 — trading 41.7% above its estimated fair value. The current Net Current Asset Value is RM0.04, which is 100% below median its 10-year median of 8.84. Velesto Energy Bhd's overall GF Score™ is 59/100 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 Velesto Energy Bhd (XKLS:5243), the current Net Current Asset Value is RM0.04 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 Velesto Energy Bhd (XKLS:5243) Overvalued in 2026?
Based on GuruFocus' analysis, Velesto Energy Bhd stock appears to be overvalued.
The current stock price of RM0.26 is trading 41.7% above its estimated GF Value™ of RM0.18.
GuruFocus considers Velesto Energy Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5243:
Net Current Asset Value: RM0.04 (100% below median its 10-year median of 8.84)
GF Value™: RM0.18 vs. price of RM0.26 (41.7% above fair value)
No single metric tells the full story. See the XKLS:5243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Velesto Energy Bhd is a Malaysia-based company that provides services to the oil and gas industry. It is engaged in the provision of drilling services for exploration, development, and production wells and workover services to the upstream sector of the oil and gas industry. It is also engaged in the provision of threading, inspection, and repair services for Oil Country Tubular Goods in Malaysia and overseas. The company operates under two segments, namely drilling services and others. The company has a geographical presence in Malaysia and other countries.
59GF Score
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