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HE Group BhdXKLS:0296 49 Net-Net Working Capital is RM0.08 as of Mar. 2026. GuruFocus rates XKLS:0296 with a GF Score™ of 49/100. The stock has 5 warning signs investors should review. Among 477 Construction companies, HE Group Bhd ranks worse than 59.75% 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.
HE Group Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM0.08.
The industry rank for HE Group Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0296's Price-to-Net-Net-Working-Capital is ranked worse than 59.75% of 477
companies
in the Construction industry
Industry Median: 6.37
vs XKLS:0296: 7.94
HE Group Bhd (XKLS:0296) 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.
HE Group Bhd Net-Net Working Capital Related Terms
HE Group Bhd Net-Net Working Capital Historical Data
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The historical data trend for HE 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:0296 vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, HE 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.
HE Group Bhd Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, HE Group Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where HE 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 RM0.08 mean?
HE Group Bhd (XKLS:0296) has a Net-Net Working Capital of RM0.08 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 HE Group Bhd According to the industry distribution chart, HE Group Bhd ranks #285 out of 477 companies in the Construction industry, placing it in the top 59.7%.
Is HE Group Bhd's Net-Net Working Capital too high?
HE Group Bhd's current Net-Net Working Capital is RM0.08. Based on the distribution chart, HE Group Bhd ranks #285 out of 477 companies in the Construction industry, which is below the industry midpoint. Overall, HE Group Bhd has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does HE Group Bhd's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, HE Group Bhd ranks #285 out of 477 companies for Net-Net Working Capital. This places HE Group Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.37. 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 6.37, based on 477 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 HE Group Bhd For the Construction industry, the median Net-Net Working Capital is 6.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HE Group 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 HE Group Bhd stock overvalued right now?
HE Group Bhd (XKLS:0296) has a current Net-Net Working Capital of RM0.08. The current Net-Net Working Capital is RM0.08. HE Group Bhd's overall GF Score™ is 49/100 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 HE Group Bhd (XKLS:0296), the current Net-Net Working Capital is RM0.08 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.
HE Group Bhd is an electrical engineering service provider focusing on power distribution systems for end-user premises such as industrial plants and industrial and commercial substations. It is involved in the design, supply, installation, testing, and commissioning of HV, MV, LV, and ELV power distribution systems, as well as hook-up and retrofitting of electrical equipment. It also provides other building systems and works, including mechanical systems, control, and instrumentation systems, as well as civil, structural, and architectural works. Its segment includes, the provision of power distribution systems that generates maximum revenue, other building systems and works, electrical equipment hook-up and retrofitting, and trading of electrical products.
49GF Score
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