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NetX Holdings BhdXKLS:0020 +11.11% Net-Net Working Capital is RM0.02 as of May. 2026. The stock has 3 warning signs investors should review. Among 1,254 Software companies, NetX Holdings Bhd ranks better than 84.93% on this metric.
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.
NetX Holdings Bhd's Net-Net Working Capital for the quarter that ended in May. 2026 was RM0.02.
The industry rank for NetX Holdings Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0020's Price-to-Net-Net-Working-Capital is ranked better than 84.93% of 1254
companies
in the Software industry
Industry Median: 7.095
vs XKLS:0020: 2.50
NetX Holdings Bhd (XKLS:0020) 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.
NetX Holdings Bhd Net-Net Working Capital Related Terms
NetX Holdings Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for NetX Holdings Bhd'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.
XKLS:0020 vs IBM, ACN, FISV: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, NetX Holdings Bhd'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.
NetX Holdings Bhd Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, NetX Holdings Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where NetX Holdings Bhd'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 RM0.02 mean?
NetX Holdings Bhd (XKLS:0020) has a Net-Net Working Capital of RM0.02 as of May. 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 NetX Holdings Bhd According to the industry distribution chart, NetX Holdings Bhd ranks #189 out of 1254 companies in the Software industry, placing it in the top 15.1%.
Is NetX Holdings Bhd's Net-Net Working Capital too high?
NetX Holdings Bhd's current Net-Net Working Capital is RM0.02. Based on the distribution chart, NetX Holdings Bhd ranks #189 out of 1254 companies in the Software industry, which is in the top quartile — a strong position relative to peers.
How does NetX Holdings Bhd's Net-Net Working Capital compare to IBM and ACN?
According to the Software industry distribution chart, NetX Holdings Bhd ranks #189 out of 1254 companies for Net-Net Working Capital. This places NetX Holdings Bhd in the top 15% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.10. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.10, based on 1,254 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 NetX Holdings Bhd For the Software industry, the median Net-Net Working Capital is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NetX Holdings Bhd's current Net-Net Working Capital is RM0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetX Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, NetX Holdings Bhd (XKLS:0020) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.04, compared to a current price of RM0.05 — trading 25% above its estimated fair value. The current Net-Net Working Capital is RM0.02. 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 NetX Holdings Bhd (XKLS:0020), the current Net-Net Working Capital is RM0.02 as of May. 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.
NetX Holdings Bhd is an investment holding company. The Group operates in five different business segments according to the nature of activities of its subsidiaries, namely Nonpayment & IT Network services, Electronic Payment services, GEM, Money Lending, and Property Investment. The majority of its revenue is from Electronic Payment services: Involved in the provision of payment terminal and payment solutions, money exchange services, and its related software licensing and services. Geographically, operates in Malaysia and Hong Kong.
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