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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.
MMS Ventures Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM0.24.
The industry rank for MMS Ventures Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0113's Price-to-Net-Net-Working-Capital is ranked better than 96.61% of 531
companies
in the Semiconductors industry
Industry Median: 11.76
vs XKLS:0113: 1.35
MMS Ventures Bhd (XKLS:0113) 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.
MMS Ventures Bhd Net-Net Working Capital Related Terms
MMS Ventures Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for MMS Ventures 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:0113 vs AMAT, LRCX, KLAC: Net-Net Working Capital Comparison
For the Semiconductor Equipment & Materials subindustry, MMS Ventures 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.
MMS Ventures Bhd Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, MMS Ventures Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where MMS Ventures 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 RM0.24 mean?
MMS Ventures Bhd (XKLS:0113) has a Net-Net Working Capital of RM0.24 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 MMS Ventures Bhd According to the industry distribution chart, MMS Ventures Bhd ranks #18 out of 531 companies in the Semiconductors industry, placing it in the top 3.4%.
Is MMS Ventures Bhd's Net-Net Working Capital too high?
MMS Ventures Bhd's current Net-Net Working Capital is RM0.24. Based on the distribution chart, MMS Ventures Bhd ranks #18 out of 531 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, MMS Ventures Bhd has a GF Score™ of 47/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MMS Ventures Bhd's Net-Net Working Capital compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, MMS Ventures Bhd ranks #18 out of 531 companies for Net-Net Working Capital. This places MMS Ventures Bhd in the top 3% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 11.76. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.76, based on 531 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 MMS Ventures Bhd For the Semiconductors industry, the median Net-Net Working Capital is 11.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MMS Ventures Bhd's current Net-Net Working Capital is RM0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MMS Ventures Bhd stock overvalued right now?
Based on GuruFocus' analysis, MMS Ventures Bhd (XKLS:0113) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.43, compared to a current price of RM0.33 — trading 24.4% below its estimated fair value. The current Net-Net Working Capital is RM0.24. MMS Ventures Bhd's overall GF Score™ is 47/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net-Net Working Capital calculated?
Net-Net Working Capital is calculated from a company's financial statements. For MMS Ventures Bhd (XKLS:0113), the current Net-Net Working Capital is RM0.24 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 MMS Ventures Bhd (XKLS:0113) Overvalued in 2026?
Based on GuruFocus' analysis, MMS Ventures Bhd stock appears to be undervalued.
The current stock price of RM0.33 is trading 24.4% below its estimated GF Value™ of RM0.43.
GuruFocus considers MMS Ventures Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:0113:
Net-Net Working Capital: RM0.24
GF Value™: RM0.43 vs. price of RM0.33 (24.4% below fair value)
No single metric tells the full story. See the XKLS:0113 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MMS Ventures Bhd is a Malaysia-based investment holding company. Along with its subsidiaries, the company is involved in the design and manufacture of LED and Semiconductor Industrial Automation Systems and Machinery. The business activity of the group functions through the Manufacture of automated systems and machinery; and the Development of software segments. Geographically, the business presence of the entity is seen across the regions of Asia, America, Europe, Malaysia, and Australia, of which prime revenue is derived from Malaysia and America.
47GF 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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