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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.
The industry rank for Aneka Jaringan Holdings Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0226's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.47 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Aneka Jaringan Holdings Bhd (XKLS:0226) 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.
Aneka Jaringan Holdings Bhd Net-Net Working Capital Related Terms
Aneka Jaringan Holdings Bhd Net-Net Working Capital Historical Data
* 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.
Aneka Jaringan Holdings Bhd Net-Net Working Capital Chart
XKLS:0226 vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, Aneka Jaringan 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.
Aneka Jaringan Holdings Bhd Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Aneka Jaringan Holdings Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Aneka Jaringan 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 RM-0.11 mean?
Aneka Jaringan Holdings Bhd (XKLS:0226) has a Net-Net Working Capital of RM-0.11 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 Aneka Jaringan Holdings Bhd According to the industry distribution chart, Aneka Jaringan Holdings Bhd ranks #999999 out of 479 companies in the Construction industry.
Is Aneka Jaringan Holdings Bhd's Net-Net Working Capital too high?
Aneka Jaringan Holdings Bhd's current Net-Net Working Capital is RM-0.11. Based on the distribution chart, Aneka Jaringan Holdings Bhd ranks #999999 out of 479 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Aneka Jaringan Holdings 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 Aneka Jaringan Holdings Bhd's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, Aneka Jaringan Holdings Bhd ranks #999999 out of 479 companies for Net-Net Working Capital. This places Aneka Jaringan Holdings Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.47. 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 6.47, based on 479 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 Aneka Jaringan Holdings Bhd For the Construction industry, the median Net-Net Working Capital is 6.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aneka Jaringan Holdings Bhd's current Net-Net Working Capital is RM-0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aneka Jaringan Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Aneka Jaringan Holdings Bhd (XKLS:0226) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.23, compared to a current price of RM0.11 — trading 54.3% below its estimated fair value. The current Net-Net Working Capital is RM-0.11. Aneka Jaringan Holdings Bhd's overall GF Score™ is 51/100 with 6 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 Aneka Jaringan Holdings Bhd (XKLS:0226), the current Net-Net Working Capital is RM-0.11 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.
Is Aneka Jaringan Holdings Bhd (XKLS:0226) Overvalued in 2026?
Based on GuruFocus' analysis, Aneka Jaringan Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.11 is trading 54.3% below its estimated GF Value™ of RM0.23.
GuruFocus considers Aneka Jaringan Holdings Bhd to be Possible Value Trap.
Key valuation signals for XKLS:0226:
Net-Net Working Capital: RM-0.11
GF Value™: RM0.23 vs. price of RM0.11 (54.3% below fair value)
No single metric tells the full story. See the XKLS:0226 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aneka Jaringan Holdings Bhd is a group of construction companies specializing in basement and foundation construction. It is mainly involved in foundation and basement construction with operations in Malaysia and Indonesia as well as the rental of construction machinery and equipment in Malaysia. It has two operating segments: Malaysia and Indonesia. Key revenue is derived from Malaysian operations and sales.
51GF Score
Get the complete analysis for XKLS:0226
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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