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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).
Ranhill Utilities Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM-0.78.
The historical rank and industry rank for Ranhill Utilities Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:5272'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.
Ranhill Utilities Bhd (XKLS:5272) 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.
Ranhill Utilities Bhd Net Current Asset Value Related Terms
Ranhill Utilities Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Ranhill Utilities 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.
Ranhill Utilities Bhd Net Current Asset Value Chart
XKLS:5272 vs AWK, WTRG, AWR: Net Current Asset Value Comparison
For the Utilities - Regulated Water subindustry, Ranhill Utilities 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.
Ranhill Utilities Bhd Price-to-Net-Current-Asset-Value vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Ranhill Utilities Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Ranhill Utilities 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-0.78 mean?
Ranhill Utilities Bhd (XKLS:5272) has a Net Current Asset Value of RM-0.78 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 Ranhill Utilities Bhd and its competitors. According to the industry distribution chart, Ranhill Utilities Bhd ranks #999999 out of 90 companies in the Utilities - Regulated industry.
Is Ranhill Utilities Bhd's Net Current Asset Value too high?
Ranhill Utilities Bhd's current Net Current Asset Value is RM-0.78. Based on the distribution chart, Ranhill Utilities Bhd ranks #999999 out of 90 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Ranhill Utilities Bhd has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ranhill Utilities Bhd's Net Current Asset Value compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Ranhill Utilities Bhd ranks #999999 out of 90 companies for Net Current Asset Value. This places Ranhill Utilities 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 Ranhill Utilities 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. Ranhill Utilities Bhd's current Net Current Asset Value is RM-0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ranhill Utilities Bhd stock overvalued right now?
Based on GuruFocus' analysis, Ranhill Utilities Bhd (XKLS:5272) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.46, compared to a current price of RM2.01 — trading 37.7% above its estimated fair value. The current Net Current Asset Value is RM-0.78. Ranhill Utilities Bhd's overall GF Score™ is 68/100 with 8 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 Ranhill Utilities Bhd (XKLS:5272), the current Net Current Asset Value is RM-0.78 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 Ranhill Utilities Bhd (XKLS:5272) Overvalued in 2026?
Based on GuruFocus' analysis, Ranhill Utilities Bhd stock appears to be overvalued.
The current stock price of RM2.01 is trading 37.7% above its estimated GF Value™ of RM1.46.
GuruFocus considers Ranhill Utilities Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5272:
Net Current Asset Value: RM-0.78
GF Value™: RM1.46 vs. price of RM2.01 (37.7% above fair value)
No single metric tells the full story. See the XKLS:5272 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ranhill Utilities Bhd is engaged in investment holding business. It operates mainly in the environment, energy, and engineering services sectors. The company's reportable segments include Water, Power, Consultancy and services. Its water segment focuses on water supply, wastewater treatment, and water asset management, serving regions in Malaysia, China, and Thailand. The power segment owns and operates combined cycle gas turbine power plants and solar power facilities in Malaysia. The Consultancy and services segment offers water management, civil and infrastructure engineering, and energy solutions. The company generates the majority of its revenue from the Water segment.
68GF Score
Get the complete analysis for XKLS:5272
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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