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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.
Pekat Group Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM-0.22.
The industry rank for Pekat Group Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0233's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 11.22 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Pekat Group Bhd (XKLS:0233) 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.
Pekat Group Bhd Net-Net Working Capital Related Terms
Pekat Group Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Pekat Group 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:0233 vs FSLR, NXT, ENPH: Net-Net Working Capital Comparison
For the Solar subindustry, Pekat Group 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.
Pekat Group Bhd Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Pekat Group Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Pekat Group 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-0.22 mean?
Pekat Group Bhd (XKLS:0233) has a Net-Net Working Capital of RM-0.22 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 Pekat Group Bhd According to the industry distribution chart, Pekat Group Bhd ranks #999999 out of 523 companies in the Semiconductors industry.
Is Pekat Group Bhd's Net-Net Working Capital too high?
Pekat Group Bhd's current Net-Net Working Capital is RM-0.22. Based on the distribution chart, Pekat Group Bhd ranks #999999 out of 523 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Pekat Group Bhd has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pekat Group Bhd's Net-Net Working Capital compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Pekat Group Bhd ranks #999999 out of 523 companies for Net-Net Working Capital. This places Pekat Group Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 11.22. 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 11.22, based on 523 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 Pekat Group Bhd For the Semiconductors industry, the median Net-Net Working Capital is 11.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pekat Group Bhd's current Net-Net Working Capital is RM-0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pekat Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Pekat Group Bhd (XKLS:0233) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.95, compared to a current price of RM1.76 — trading 9.7% below its estimated fair value. The current Net-Net Working Capital is RM-0.22. Pekat Group Bhd's overall GF Score™ is 87/100 with 7 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 Pekat Group Bhd (XKLS:0233), the current Net-Net Working Capital is RM-0.22 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 Pekat Group Bhd (XKLS:0233) Overvalued in 2026?
Based on GuruFocus' analysis, Pekat Group Bhd stock appears to be undervalued.
The current stock price of RM1.76 is trading 9.7% below its estimated GF Value™ of RM1.95.
GuruFocus considers Pekat Group Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:0233:
Net-Net Working Capital: RM-0.22
GF Value™: RM1.95 vs. price of RM1.76 (9.7% below fair value)
No single metric tells the full story. See the XKLS:0233 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pekat Group Bhd is engaged in investment holding activities: The company operates in solar photovoltaic systems, including the design, installation, operation, and maintenance of on-grid and off-grid solar power plants. It also provides earthing and lightning protection systems, alongside the distribution of electrical products such as solar PV components, surge protection devices, and aviation warning lights. Additionally, the company undertakes manufacturing, engineering, and project activities for the power generation, transmission, and distribution sector. The company generates the majority of its revenue from Solar division that is Design, supply and installation of on-grid and off-grid solar photovoltaic systems and power plants.
87GF Score
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