Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Cekd BhdXKLS:0238 +1.72%55 Net-Net Working Capital is RM0.08 as of May. 2026. GuruFocus rates XKLS:0238 with a GF Score™ of 55/100 and a GF Value™ of RM0.51 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,355 Industrial Products companies, Cekd Bhd ranks better than 77.34% 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.
Cekd Bhd's Net-Net Working Capital for the quarter that ended in May. 2026 was RM0.08.
The industry rank for Cekd Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0238's Price-to-Net-Net-Working-Capital is ranked better than 77.34% of 1355
companies
in the Industrial Products industry
Industry Median: 8.58
vs XKLS:0238: 3.69
Cekd Bhd (XKLS:0238) 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.
Cekd Bhd Net-Net Working Capital Related Terms
Cekd Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Cekd 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:0238 vs CRS, ATI, MLI: Net-Net Working Capital Comparison
For the Metal Fabrication subindustry, Cekd 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.
Cekd Bhd Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Cekd Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Cekd 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 RM0.08 mean?
Cekd Bhd (XKLS:0238) has a Net-Net Working Capital of RM0.08 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 Cekd Bhd According to the industry distribution chart, Cekd Bhd ranks #307 out of 1355 companies in the Industrial Products industry, placing it in the top 22.7%.
Is Cekd Bhd's Net-Net Working Capital too high?
Cekd Bhd's current Net-Net Working Capital is RM0.08. Based on the distribution chart, Cekd Bhd ranks #307 out of 1355 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Cekd Bhd has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Cekd Bhd's Net-Net Working Capital compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Cekd Bhd ranks #307 out of 1355 companies for Net-Net Working Capital. This places Cekd Bhd in the top 23% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.58. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.58, based on 1,355 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 Cekd Bhd For the Industrial Products industry, the median Net-Net Working Capital is 8.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cekd Bhd's current Net-Net Working Capital is RM0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cekd Bhd stock overvalued right now?
Based on GuruFocus' analysis, Cekd Bhd (XKLS:0238) is currently considered Significantly Undervalued. The stock's GF Value™ is RM0.51, compared to a current price of RM0.30 — trading 42.2% below its estimated fair value. The current Net-Net Working Capital is RM0.08. Cekd Bhd's overall GF Score™ is 55/100 with 1 warning sign 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 Cekd Bhd (XKLS:0238), the current Net-Net Working Capital is RM0.08 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 Cekd Bhd (XKLS:0238) Overvalued in 2026?
Based on GuruFocus' analysis, Cekd Bhd stock appears to be undervalued.
The current stock price of RM0.30 is trading 42.2% below its estimated GF Value™ of RM0.51.
GuruFocus considers Cekd Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:0238:
Net-Net Working Capital: RM0.08
GF Value™: RM0.51 vs. price of RM0.30 (42.2% below fair value)
No single metric tells the full story. See the XKLS:0238 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cekd Bhd is an investment holding company. Along with its subsidiaries, the company is engaged in the manufacturing of die cutting moulds and trading of related consumables, tools and accessories. The company has three reportable segments:(i) Manufacturing: Manufacturing of die cutting moulds, (ii) Trading: Trading of related consumables, tools and accessories, and (iii) Investment holding: Holding of investments in shares of subsidiaries. The majority of revenue is generated from the Manufacturing segment. Geographically, it derives maximum revenue from Malaysia.
55GF Score
Get the complete analysis for XKLS:0238
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:0238 has been successfully added to your 
