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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.
Perak Transit Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM-0.55.
The industry rank for Perak Transit Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0186's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.53 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Perak Transit Bhd (XKLS:0186) 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.
Perak Transit Bhd Net-Net Working Capital Related Terms
Perak Transit Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Perak Transit 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:0186 vs UNP, CSX, NSC: Net-Net Working Capital Comparison
For the Infrastructure Operations subindustry, Perak Transit 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.
Perak Transit Bhd Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Perak Transit Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Perak Transit 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 RM-0.55 mean?
Perak Transit Bhd (XKLS:0186) has a Net-Net Working Capital of RM-0.55 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 Perak Transit Bhd According to the industry distribution chart, Perak Transit Bhd ranks #999999 out of 481 companies in the Construction industry.
Is Perak Transit Bhd's Net-Net Working Capital too high?
Perak Transit Bhd's current Net-Net Working Capital is RM-0.55. Based on the distribution chart, Perak Transit Bhd ranks #999999 out of 481 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Perak Transit Bhd has a GF Score™ of 51/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Perak Transit Bhd's Net-Net Working Capital compare to UNP and CSX?
According to the Construction industry distribution chart, Perak Transit Bhd ranks #999999 out of 481 companies for Net-Net Working Capital. This places Perak Transit Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.53. 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 6.53, based on 481 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 Perak Transit Bhd For the Construction industry, the median Net-Net Working Capital is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Perak Transit Bhd's current Net-Net Working Capital is RM-0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Perak Transit Bhd stock overvalued right now?
Based on GuruFocus' analysis, Perak Transit Bhd (XKLS:0186) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.82, compared to a current price of RM0.24 — trading 71.3% below its estimated fair value. The current Net-Net Working Capital is RM-0.55. Perak Transit Bhd's overall GF Score™ is 51/100 with 5 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 Perak Transit Bhd (XKLS:0186), the current Net-Net Working Capital is RM-0.55 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 Perak Transit Bhd (XKLS:0186) Overvalued in 2026?
Based on GuruFocus' analysis, Perak Transit Bhd stock appears to be undervalued.
The current stock price of RM0.24 is trading 71.3% below its estimated GF Value™ of RM0.82.
GuruFocus considers Perak Transit Bhd to be Possible Value Trap.
Key valuation signals for XKLS:0186:
Net-Net Working Capital: RM-0.55
GF Value™: RM0.82 vs. price of RM0.24 (71.3% below fair value)
No single metric tells the full story. See the XKLS:0186 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Perak Transit Bhd is principally involved in investment holding. The firm operates in four segments namely, IPTT operations engaged in the rental of A&P spaces, shops and kiosks, project facilitation and others such as profit sharing from terminal management, terminal management system, car park fee and taxi entrance fee in Terminal Meru Raya, Kampar Putra Sentral and Bidor Sentral as well as terminal management fee in Terminal Sentral Kuantan; Bus operations engaged in the operation of public stage buses; Petrol stations operations involved in sale of petrol and retail mart products; and Telecommunication tower construction operations engaged in provision of construction and engineering services for the building of telecommunication towers. It derives majority revenue from IPTT segment.
51GF Score
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