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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).
Subur Tiasa Holdings Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM-3.24.
The historical rank and industry rank for Subur Tiasa Holdings Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:6904's Price-to-Net-Current-Asset-Value is not ranked *
in the Forest Products industry.
Industry Median: 3.01 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Subur Tiasa Holdings Bhd (XKLS:6904) 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.
Subur Tiasa Holdings Bhd Net Current Asset Value Related Terms
Subur Tiasa Holdings Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Subur Tiasa 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.
Subur Tiasa Holdings Bhd Net Current Asset Value Chart
XKLS:6904 vs SSD, UFPI, BCC: Net Current Asset Value Comparison
For the Lumber & Wood Production subindustry, Subur Tiasa 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.
Subur Tiasa Holdings Bhd Price-to-Net-Current-Asset-Value vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Subur Tiasa Holdings Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Subur Tiasa 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-3.24 mean?
Subur Tiasa Holdings Bhd (XKLS:6904) has a Net Current Asset Value of RM-3.24 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 Subur Tiasa Holdings Bhd and its competitors. According to the industry distribution chart, Subur Tiasa Holdings Bhd ranks #999999 out of 126 companies in the Forest Products industry.
Is Subur Tiasa Holdings Bhd's Net Current Asset Value too high?
Subur Tiasa Holdings Bhd's current Net Current Asset Value is RM-3.24. Based on the distribution chart, Subur Tiasa Holdings Bhd ranks #999999 out of 126 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Subur Tiasa Holdings Bhd has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Subur Tiasa Holdings Bhd's Net Current Asset Value compare to SSD and UFPI?
According to the Forest Products industry distribution chart, Subur Tiasa Holdings Bhd ranks #999999 out of 126 companies for Net Current Asset Value. This places Subur Tiasa Holdings Bhd in the lower half of its industry. The industry median Net Current Asset Value is 3.01. 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 Forest Products company?
The median Net Current Asset Value among Forest Products companies is 3.01, based on 126 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 Subur Tiasa Holdings Bhd and its competitors. For the Forest Products industry, the median Net Current Asset Value is 3.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Subur Tiasa Holdings Bhd's current Net Current Asset Value is RM-3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Subur Tiasa Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Subur Tiasa Holdings Bhd (XKLS:6904) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.51, compared to a current price of RM0.77 — trading 50% above its estimated fair value. The current Net Current Asset Value is RM-3.24. Subur Tiasa Holdings Bhd's overall GF Score™ is 31/100 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 Subur Tiasa Holdings Bhd (XKLS:6904), the current Net Current Asset Value is RM-3.24 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 Subur Tiasa Holdings Bhd (XKLS:6904) Overvalued in 2026?
Based on GuruFocus' analysis, Subur Tiasa Holdings Bhd stock appears to be overvalued.
The current stock price of RM0.77 is trading 50% above its estimated GF Value™ of RM0.51.
GuruFocus considers Subur Tiasa Holdings Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:6904:
Net Current Asset Value: RM-3.24
GF Value™: RM0.51 vs. price of RM0.77 (50% above fair value)
No single metric tells the full story. See the XKLS:6904 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Subur Tiasa Holdings Bhd is engaged in the business of investment holding, provision of management services, and extraction and sale of logs. The group is organised into two main reportable segments: Timber Segment involved in the extraction, sale of logs and subcontractor for tree planting (reforestation), and the business of manufacturing and trading of plywood, veneer, raw and laminated particleboard, sawn timber, finger-joint moulding, charcoal and the supply of electricity for its manufacturing activities; Plantation Segment involved in the cultivation of oil palm and sale of fresh fruit bunches; and Others involved in the provision of towage and transportation services, insurance services, property holding and development, and manufacturing and trading of drinking water.
31GF Score
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