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ASTEEL Group BhdXKLS:7020 -7.69% Net Current Asset Value is RM-0.03 as of Mar. 2026. The stock has 5 warning signs investors should review. Among 368 Steel companies, ASTEEL Group Bhd ranks worse than 271738.86% 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).
ASTEEL Group Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM-0.03.
The historical rank and industry rank for ASTEEL Group Bhd's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of ASTEEL Group Bhd was 0.94. The lowest was 0.57. And the median was 0.60.
XKLS:7020's Price-to-Net-Current-Asset-Value is not ranked *
in the Steel industry.
Industry Median: 2.955 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
ASTEEL Group Bhd (XKLS:7020) 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.
ASTEEL Group Bhd Net Current Asset Value Related Terms
ASTEEL Group Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for ASTEEL Group 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:7020 vs NUE, STLD, RS: Net Current Asset Value Comparison
For the Steel subindustry, ASTEEL Group 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.
ASTEEL Group Bhd Price-to-Net-Current-Asset-Value vs Steel Industry
For the Steel industry and Basic Materials sector, ASTEEL Group Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where ASTEEL Group 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-0.03 mean?
ASTEEL Group Bhd (XKLS:7020) has a Net Current Asset Value of RM-0.03 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 ASTEEL Group Bhd and its competitors. Over the past decade, ASTEEL Group Bhd's Net Current Asset Value has ranged from 0.57 to 0.94. According to the industry distribution chart, ASTEEL Group Bhd ranks #999999 out of 368 companies in the Steel industry.
Is ASTEEL Group Bhd's Net Current Asset Value too high?
ASTEEL Group Bhd's current Net Current Asset Value is RM-0.03. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 0.94. Based on the distribution chart, ASTEEL Group Bhd ranks #999999 out of 368 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does ASTEEL Group Bhd's Net Current Asset Value compare to NUE and STLD?
According to the Steel industry distribution chart, ASTEEL Group Bhd ranks #999999 out of 368 companies for Net Current Asset Value. This places ASTEEL Group Bhd in the lower half of its industry. The industry median Net Current Asset Value is 2.96. Historically, ASTEEL Group Bhd's own Net Current Asset Value has ranged from 0.57 to 0.94 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 Steel company?
The median Net Current Asset Value among Steel companies is 2.96, based on 368 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 ASTEEL Group Bhd and its competitors. For the Steel industry, the median Net Current Asset Value is 2.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASTEEL Group Bhd's current Net Current Asset Value is RM-0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASTEEL Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, ASTEEL Group Bhd (XKLS:7020) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.09, compared to a current price of RM0.06 — trading 33.3% below its estimated fair value. The current Net Current Asset Value is RM-0.03. 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 ASTEEL Group Bhd (XKLS:7020), the current Net Current Asset Value is RM-0.03 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.
ASTEEL Group Bhd specializes in steel roofing and structure design and building, and focuses on the downstream industry for other building and construction materials. It is involved in the manufacturing of coated steel products and processing of metal roofing, wall cladding & fencing, metal floor decking, light gauge structural components, purlins, and framing systems under the brands ASTEEL and ASTAR. The firm operates in two segments: ARSB and STARSHINE. The ARSB segment that generates the majority of its revenue, engages in manufacturing and selling coated steel products and downstream roofing products, trading of hardware and building materials in Sabah and Sarawak, East Malaysia.
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