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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).
Paragon Union Bhd's net current asset value per share for the quarter that ended in Mar. 2026 was RM-0.50.
The historical rank and industry rank for Paragon Union 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 Paragon Union Bhd was 289.00. The lowest was 1.20. And the median was 2.11.
XKLS:9407's Price-to-Net-Current-Asset-Value is not ranked *
in the Vehicles & Parts industry.
Industry Median: 4.7 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Paragon Union Bhd (XKLS:9407) 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.
Paragon Union Bhd Net Current Asset Value Related Terms
Paragon Union Bhd Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Paragon Union 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:9407 vs ORLY, AZO: Net Current Asset Value Comparison
For the Auto Parts subindustry, Paragon Union 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.
Paragon Union Bhd Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Paragon Union Bhd's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Paragon Union 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-0.50 mean?
Paragon Union Bhd (XKLS:9407) has a Net Current Asset Value of RM-0.50 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 Paragon Union Bhd and its competitors. Over the past decade, Paragon Union Bhd's Net Current Asset Value has ranged from 1.20 to 289.00. According to the industry distribution chart, Paragon Union Bhd ranks #999999 out of 707 companies in the Vehicles & Parts industry.
Is Paragon Union Bhd's Net Current Asset Value too high?
Paragon Union Bhd's current Net Current Asset Value is RM-0.50. Over the past 10 years, this metric has ranged from a low of 1.20 to a high of 289.00. Based on the distribution chart, Paragon Union Bhd ranks #999999 out of 707 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Paragon Union Bhd has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paragon Union Bhd's Net Current Asset Value compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Paragon Union Bhd ranks #999999 out of 707 companies for Net Current Asset Value. This places Paragon Union Bhd in the lower half of its industry. The industry median Net Current Asset Value is 4.70. Historically, Paragon Union Bhd's own Net Current Asset Value has ranged from 1.20 to 289.00 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 Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.70, based on 707 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 Paragon Union Bhd and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paragon Union Bhd's current Net Current Asset Value is RM-0.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paragon Union Bhd stock overvalued right now?
Based on GuruFocus' analysis, Paragon Union Bhd (XKLS:9407) is currently considered Significantly Undervalued. The stock's GF Value™ is RM4.04, compared to a current price of RM1.80 — trading 55.4% below its estimated fair value. The current Net Current Asset Value is RM-0.50. Paragon Union Bhd's overall GF Score™ is 60/100 with 4 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 Paragon Union Bhd (XKLS:9407), the current Net Current Asset Value is RM-0.50 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 Paragon Union Bhd (XKLS:9407) Overvalued in 2026?
Based on GuruFocus' analysis, Paragon Union Bhd stock appears to be undervalued.
The current stock price of RM1.80 is trading 55.4% below its estimated GF Value™ of RM4.04.
GuruFocus considers Paragon Union Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:9407:
Net Current Asset Value: RM-0.50
GF Value™: RM4.04 vs. price of RM1.80 (55.4% below fair value)
No single metric tells the full story. See the XKLS:9407 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paragon Union Bhd, through its subsidiaries, engages in the manufacturing and distribution of commercial carpets, rugs, automotive carpets, and NVH components. It has three reportable business segments: Automotive, Recycling, and Commercial. The Automotive segment covers car carpets and components, while the Commercial segment produces commercial carpets. The Recycling segment includes metal recycling and waste management. The Automotive segment generates the highest revenue for the company. Geographically, the company operates in Malaysia, Australia, China, Hong Kong, and other markets, with the majority of revenue derived from Malaysia.
60GF Score
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