Master-Pack Group BhdXKLS:7029 +1.23%68 Net Current Asset Value is RM1.76 as of Mar. 2026, which is 100% below its 10-year median of 1.73. GuruFocus rates XKLS:7029 with a GF Score™ of 68/100 and a GF Value™ of RM1.79 (Fairly Valued). The stock has 3 warning signs investors should review. Among 221 Packaging & Containers companies, Master-Pack Group Bhd ranks better than 90.05% 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).
Master-Pack Group Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM1.76.
The historical rank and industry rank for Master-Pack Group Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:7029'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.94 Med: 1.73 Max: 3.47
Current: 0.94
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Master-Pack Group Bhd was 3.47. The lowest was 0.94. And the median was 1.73.
XKLS:7029's Price-to-Net-Current-Asset-Value is ranked better than 90.05% of 221
companies
in the Packaging & Containers industry
Industry Median: 3.44
vs XKLS:7029: 0.94
Master-Pack Group Bhd (XKLS:7029) 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.
Master-Pack Group Bhd Net Current Asset Value Related Terms
Master-Pack Group Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Master-Pack 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.
Master-Pack Group Bhd Net Current Asset Value Chart
XKLS:7029 vs SW, PKG, IP: Net Current Asset Value Comparison
For the Packaging & Containers subindustry, Master-Pack 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.
Master-Pack Group Bhd Price-to-Net-Current-Asset-Value vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Master-Pack Group Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Master-Pack 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 RM1.76 mean?
Master-Pack Group Bhd (XKLS:7029) has a Net Current Asset Value of RM1.76 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 Master-Pack Group Bhd and its competitors. This is near median its historical median of 1.73. Over the past decade, Master-Pack Group Bhd's Net Current Asset Value has ranged from 0.94 to 3.47. According to the industry distribution chart, Master-Pack Group Bhd ranks #22 out of 221 companies in the Packaging & Containers industry, placing it in the top 10%.
Is Master-Pack Group Bhd's Net Current Asset Value too high?
Master-Pack Group Bhd's current Net Current Asset Value of RM1.76 is near median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 0.94 to a high of 3.47. Based on the distribution chart, Master-Pack Group Bhd ranks #22 out of 221 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Master-Pack Group Bhd has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Master-Pack Group Bhd's Net Current Asset Value compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Master-Pack Group Bhd ranks #22 out of 221 companies for Net Current Asset Value. This places Master-Pack Group Bhd in the top 10% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.44. Historically, Master-Pack Group Bhd's own Net Current Asset Value has ranged from 0.94 to 3.47 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 Packaging & Containers company?
The median Net Current Asset Value among Packaging & Containers companies is 3.44, based on 221 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 Master-Pack Group Bhd and its competitors. For the Packaging & Containers industry, the median Net Current Asset Value is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Master-Pack Group Bhd's current Net Current Asset Value is RM1.76, which is near median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Master-Pack Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Master-Pack Group Bhd (XKLS:7029) is currently considered Fairly Valued. The stock's GF Value™ is RM1.79, compared to a current price of RM1.65 — trading 7.8% below its estimated fair value. The current Net Current Asset Value is RM1.76, which is near median its 10-year median of 1.73. Master-Pack Group Bhd's overall GF Score™ is 68/100 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 Master-Pack Group Bhd (XKLS:7029), the current Net Current Asset Value is RM1.76 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 Master-Pack Group Bhd (XKLS:7029) Overvalued in 2026?
Based on GuruFocus' analysis, Master-Pack Group Bhd stock appears to be undervalued.
The current stock price of RM1.65 is trading 7.8% below its estimated GF Value™ of RM1.79.
GuruFocus considers Master-Pack Group Bhd to be Fairly Valued.
Key valuation signals for XKLS:7029:
Net Current Asset Value: RM1.76 (near median its 10-year median of 1.73)
GF Value™: RM1.79 vs. price of RM1.65 (7.8% below fair value)
No single metric tells the full story. See the XKLS:7029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Master-Pack Group Bhd is an investment holding company. The core activities of the company are the manufacture and sale of corrugated fibreboard cartons and packaging materials. Some of the products are sheet board, slotted type, telescope type, folder type, die-cut products, interior fitments, palletized shipping containers, and other packaging materials. Its customers are from different industries, namely Solar Equipment Manufacturers, Electrical and Electronics, Food and Beverages, Automotive, Chemicals, Medical, and others. Geographically, it operates in Malaysia, Vietnam, and other countries, with Malaysia generating the highest revenue.
68GF Score
Get the complete analysis for XKLS:7029
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:7029 has been successfully added to your 
