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Gadang Holdings BhdXKLS:9261 43 Net Current Asset Value is RM0.74 as of Feb. 2026, which is 100% below its 10-year median of 0.63. GuruFocus rates XKLS:9261 with a GF Score™ of 43/100 and a GF Value™ of RM0.27 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,058 Construction companies, Gadang Holdings Bhd ranks better than 98.87% 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).
Gadang Holdings Bhd's net current asset value per share for the quarter that ended in Feb. 2026 was RM0.74.
The historical rank and industry rank for Gadang Holdings Bhd's Net Current Asset Value or its related term are showing as below:
XKLS:9261'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.23 Med: 0.63 Max: 2.21
Current: 0.23
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Gadang Holdings Bhd was 2.21. The lowest was 0.23. And the median was 0.63.
XKLS:9261's Price-to-Net-Current-Asset-Value is ranked better than 98.87% of 1058
companies
in the Construction industry
Industry Median: 3.2
vs XKLS:9261: 0.23
Gadang Holdings Bhd (XKLS:9261) 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.
Gadang Holdings Bhd Net Current Asset Value Related Terms
Gadang Holdings Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Gadang 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.
XKLS:9261 vs PWR, FIX, EME: Net Current Asset Value Comparison
For the Engineering & Construction subindustry, Gadang 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.
Gadang Holdings Bhd Price-to-Net-Current-Asset-Value vs Construction Industry
For the Construction industry and Industrials sector, Gadang Holdings Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Gadang 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 RM0.74 mean?
Gadang Holdings Bhd (XKLS:9261) has a Net Current Asset Value of RM0.74 as of Feb. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Gadang Holdings Bhd and its competitors. This is 17% above median its historical median of 0.63. Over the past decade, Gadang Holdings Bhd's Net Current Asset Value has ranged from 0.23 to 2.21. According to the industry distribution chart, Gadang Holdings Bhd ranks #12 out of 1058 companies in the Construction industry, placing it in the top 1.1%.
Is Gadang Holdings Bhd's Net Current Asset Value too high?
Gadang Holdings Bhd's current Net Current Asset Value of RM0.74 is 17% above median its 10-year median of 0.63. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 2.21. Based on the distribution chart, Gadang Holdings Bhd ranks #12 out of 1058 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Gadang Holdings Bhd has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gadang Holdings Bhd's Net Current Asset Value compare to PWR and FIX?
According to the Construction industry distribution chart, Gadang Holdings Bhd ranks #12 out of 1058 companies for Net Current Asset Value. This places Gadang Holdings Bhd in the top 1% of its industry — outperforming the majority of peers. The industry median Net Current Asset Value is 3.20. Historically, Gadang Holdings Bhd's own Net Current Asset Value has ranged from 0.23 to 2.21 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 3.20, 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 Gadang Holdings Bhd and its competitors. For the Construction industry, the median Net Current Asset Value is 3.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gadang Holdings Bhd's current Net Current Asset Value is RM0.74, which is 17% above median its own 10-year median of 0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gadang Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Gadang Holdings Bhd (XKLS:9261) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.27, compared to a current price of RM0.17 — trading 37% below its estimated fair value. The current Net Current Asset Value is RM0.74, which is 17% above median its 10-year median of 0.63. Gadang Holdings Bhd's overall GF Score™ is 43/100 with 2 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 Gadang Holdings Bhd (XKLS:9261), the current Net Current Asset Value is RM0.74 as of Feb. 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 Gadang Holdings Bhd (XKLS:9261) Overvalued in 2026?
Based on GuruFocus' analysis, Gadang Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.17 is trading 37% below its estimated GF Value™ of RM0.27.
GuruFocus considers Gadang Holdings Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:9261:
Net Current Asset Value: RM0.74 (17% above median its 10-year median of 0.63)
GF Value™: RM0.27 vs. price of RM0.17 (37% below fair value)
No single metric tells the full story. See the XKLS:9261 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gadang Holdings Bhd is an investment holding company. Along with its subsidiaries, it operates in the following business segments: Construction, Property, Utilities, and Investment holding and others. It generates maximum revenue from the Construction segment, which is engaged in civil engineering works encompassing earthworks, infrastructure works, hospitals, and mechanical and electrical works. The Property segment is engaged in the development of residential and commercial properties, and the Utilities segment includes construction, maintenance, and management of water concessions, hydro power plants, and solar power plants. Geographically, the group generates maximum revenue from Malaysia, followed by Indonesia and Singapore.
43GF Score
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Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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