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In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
KML Technology Group's Net-Net Working Capital for the quarter that ended in Mar. 2026 was HK$0.05.
The industry rank for KML Technology Group's Net-Net Working Capital or its related term are showing as below:
HKSE:08065's Price-to-Net-Net-Working-Capital is ranked better than 77.15% of 477
companies
in the Construction industry
Industry Median: 6.62
vs HKSE:08065: 2.84
KML Technology Group (HKSE:08065) Net-Net Working Capital Explanation
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 Graham's strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.
KML Technology Group Net-Net Working Capital Related Terms
KML Technology Group Net-Net Working Capital Historical Data
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The historical data trend for KML Technology Group's Net-Net Working Capital 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.
KML Technology Group Net-Net Working Capital Chart
KML Technology Group Net-Net Working Capital Competitor Comparison
For the Infrastructure Operations subindustry, KML Technology Group's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital 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.
KML Technology Group Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, KML Technology Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where KML Technology Group's Price-to-Net-Net-Working-Capital 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.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.
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.
This is a conservative way of estimating the company's value.
What does a Net-Net Working Capital of HK$0.05 mean?
KML Technology Group (HKSE:08065) has a Net-Net Working Capital of HK$0.05 as of Mar. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on KML Technology Group According to the industry distribution chart, KML Technology Group ranks #109 out of 477 companies in the Construction industry, placing it in the top 22.9%.
Is KML Technology Group's Net-Net Working Capital too high?
KML Technology Group's current Net-Net Working Capital is HK$0.05. Based on the distribution chart, KML Technology Group ranks #109 out of 477 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, KML Technology Group has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KML Technology Group's Net-Net Working Capital compare to competitors?
According to the Construction industry distribution chart, KML Technology Group ranks #109 out of 477 companies for Net-Net Working Capital. This places KML Technology Group in the top 23% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.62. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Construction company?
The median Net-Net Working Capital among Construction companies is 6.62, based on 477 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital 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-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on KML Technology Group For the Construction industry, the median Net-Net Working Capital is 6.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KML Technology Group's current Net-Net Working Capital is HK$0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KML Technology Group stock overvalued right now?
Based on GuruFocus' analysis, KML Technology Group (HKSE:08065) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.09, compared to a current price of HK$0.14 — trading 57.8% above its estimated fair value. The current Net-Net Working Capital is HK$0.05. KML Technology Group's overall GF Score™ is 51/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For KML Technology Group (HKSE:08065), the current Net-Net Working Capital is HK$0.05 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 KML Technology Group (HKSE:08065) Overvalued in 2026?
Based on GuruFocus' analysis, KML Technology Group stock appears to be overvalued.
The current stock price of HK$0.14 is trading 57.8% above its estimated GF Value™ of HK$0.09.
GuruFocus considers KML Technology Group to be Significantly Overvalued.
Key valuation signals for HKSE:08065:
Net-Net Working Capital: HK$0.05
GF Value™: HK$0.09 vs. price of HK$0.14 (57.8% above fair value)
No single metric tells the full story. See the HKSE:08065 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KML Technology Group Ltd is an investment holding company. The company is engaged in the provision of electrical and mechanical engineering solutions and services. The operating segment of the company are Transportation Mission Critical System Solutions, Mobile Ticketing and Digital Payment Solutions and Services, M&E Technology Solutions and Engineering Services, Digital Fabrication and Maintenance Services. The company generates maximum revenue from M&E Technology Solutions and Engineering Services that designs installs, commissions, and maintains miscellaneous M&E engineering systems such as railway stations. Geographically, the company derives a majority of its revenue from Hong Kong.
51GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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