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).
Advancecon Holdings Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM-0.22.
The historical rank and industry rank for Advancecon Holdings Bhd's Net Current Asset Value or its related term are showing as below:
During the past 10 years, the highest Price-to-Net-Current-Asset-Value Ratio of Advancecon Holdings Bhd was 51.50. The lowest was 2.35. And the median was 7.70.
XKLS:5281's Price-to-Net-Current-Asset-Value is not ranked *
in the Construction industry.
Industry Median: 3.25 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Advancecon Holdings Bhd (XKLS:5281) 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.
Advancecon Holdings Bhd Net Current Asset Value Related Terms
Advancecon Holdings Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Advancecon Holdings 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.
Advancecon Holdings Bhd Net Current Asset Value Chart
XKLS:5281 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Advancecon 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.
Advancecon Holdings Bhd Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Advancecon Holdings Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Advancecon 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-0.22 mean?
Advancecon Holdings Bhd (XKLS:5281) has a Net Current Asset Value of RM-0.22 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 Advancecon Holdings Bhd and its competitors. Over the past decade, Advancecon Holdings Bhd's Net Current Asset Value has ranged from 2.35 to 51.50. According to the industry distribution chart, Advancecon Holdings Bhd ranks #999999 out of 1058 companies in the Construction industry.
Is Advancecon Holdings Bhd's Net Current Asset Value too high?
Advancecon Holdings Bhd's current Net Current Asset Value is RM-0.22. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 51.50. Based on the distribution chart, Advancecon Holdings Bhd ranks #999999 out of 1058 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Advancecon Holdings Bhd has a GF Score™ of 35/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Advancecon Holdings Bhd's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Advancecon Holdings Bhd ranks #999999 out of 1058 companies for Net Current Asset Value. This places Advancecon Holdings Bhd in the lower half of its industry. The industry median Net Current Asset Value is 3.25. Historically, Advancecon Holdings Bhd's own Net Current Asset Value has ranged from 2.35 to 51.50 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 a Construction company?
The median Net Current Asset Value among Construction companies is 3.25, based on 1,058 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 Advancecon Holdings Bhd and its competitors. For the Construction industry, the median Net Current Asset Value is 3.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advancecon Holdings Bhd's current Net Current Asset Value is RM-0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advancecon Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Advancecon Holdings Bhd (XKLS:5281) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.24, compared to a current price of RM0.18 — trading 27.1% below its estimated fair value. The current Net Current Asset Value is RM-0.22. Advancecon Holdings Bhd's overall GF Score™ is 35/100 with 7 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 Advancecon Holdings Bhd (XKLS:5281), the current Net Current Asset Value is RM-0.22 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 Advancecon Holdings Bhd (XKLS:5281) Overvalued in 2026?
Based on GuruFocus' analysis, Advancecon Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.18 is trading 27.1% below its estimated GF Value™ of RM0.24.
GuruFocus considers Advancecon Holdings Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:5281:
Net Current Asset Value: RM-0.22
GF Value™: RM0.24 vs. price of RM0.18 (27.1% below fair value)
No single metric tells the full story. See the XKLS:5281 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Advancecon Holdings Bhd is a construction company. It is involved in the provision of earthworks and civil engineering services, which is a sub-sector of the construction industry in Malaysia. The group's wide range of earthworks services encompasses site clearing, excavation and fill, soil investigation, rock blasting works, and embankment construction. The company has the following reportable segments: Construction & Support Services, Property Investments, Green Energy, Quarry Operations, & Property Development. It derives the majority of its revenue from the Construction & Support Services segment. Further, it is also involved in the New Energy division, which focuses on the development & /or operation of power generation from renewable energy, solar, & other renewable energy projects.
35GF Score
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