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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 Evergreen Max Cash Capital Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0286's Price-to-Net-Net-Working-Capital is ranked worse than 50.65% of 77
companies
in the Credit Services industry
Industry Median: 6.9
vs XKLS:0286: 6.90
Evergreen Max Cash Capital Bhd (XKLS:0286) 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.
Evergreen Max Cash Capital Bhd Net-Net Working Capital Related Terms
Evergreen Max Cash Capital 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.
Evergreen Max Cash Capital Bhd Net-Net Working Capital Chart
XKLS:0286 vs V, MA, AXP: Net-Net Working Capital Comparison
For the Credit Services subindustry, Evergreen Max Cash Capital 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.
Evergreen Max Cash Capital Bhd Price-to-Net-Net-Working-Capital vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Evergreen Max Cash Capital Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Evergreen Max Cash Capital 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 RM0.05 mean?
Evergreen Max Cash Capital Bhd (XKLS:0286) has a Net-Net Working Capital of RM0.05 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 Evergreen Max Cash Capital Bhd According to the industry distribution chart, Evergreen Max Cash Capital Bhd ranks #39 out of 77 companies in the Credit Services industry, placing it in the top 50.6%.
Is Evergreen Max Cash Capital Bhd's Net-Net Working Capital too high?
Evergreen Max Cash Capital Bhd's current Net-Net Working Capital is RM0.05. Based on the distribution chart, Evergreen Max Cash Capital Bhd ranks #39 out of 77 companies in the Credit Services industry, which is below the industry midpoint. Overall, Evergreen Max Cash Capital Bhd has a GF Score™ of 38/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Evergreen Max Cash Capital Bhd's Net-Net Working Capital compare to V and MA?
According to the Credit Services industry distribution chart, Evergreen Max Cash Capital Bhd ranks #39 out of 77 companies for Net-Net Working Capital. This places Evergreen Max Cash Capital Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.90. 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 Credit Services company?
The median Net-Net Working Capital among Credit Services companies is 6.90, based on 77 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 Evergreen Max Cash Capital Bhd For the Credit Services industry, the median Net-Net Working Capital is 6.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Evergreen Max Cash Capital Bhd's current Net-Net Working Capital is RM0.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Evergreen Max Cash Capital Bhd stock overvalued right now?
Based on GuruFocus' analysis, Evergreen Max Cash Capital Bhd (XKLS:0286) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.77, compared to a current price of RM0.35 — trading 55.2% below its estimated fair value. The current Net-Net Working Capital is RM0.05. Evergreen Max Cash Capital Bhd's overall GF Score™ is 38/100 with 8 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 Evergreen Max Cash Capital Bhd (XKLS:0286), the current Net-Net Working Capital is RM0.05 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 Evergreen Max Cash Capital Bhd (XKLS:0286) Overvalued in 2026?
Based on GuruFocus' analysis, Evergreen Max Cash Capital Bhd stock appears to be undervalued.
The current stock price of RM0.35 is trading 55.2% below its estimated GF Value™ of RM0.77.
GuruFocus considers Evergreen Max Cash Capital Bhd to be Possible Value Trap.
Key valuation signals for XKLS:0286:
Net-Net Working Capital: RM0.05
GF Value™: RM0.77 vs. price of RM0.35 (55.2% below fair value)
No single metric tells the full story. See the XKLS:0286 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Evergreen Max Cash Capital Bhd is principally engaged in the business of investment holding and the provision of management services. The company has four operating segment Pawnbroking services; Tawarruq products; Retail and trading of jewellery, gold and luxury products; and others. The company generates majority of revenue from Retail and trading of jewellery, gold and luxury products which includes Retail sale of new and pre-owned jewellery, gold and luxury products; Sale of scrap gold acquired from unredeemed and bid pledges, and pre-owned jewellery and gold from walk-in individuals. The Group's operations are carried out entirely in Malaysia.
38GF Score
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