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JS Solar Holding BhdXKLS:0369 +8.11%8 Net-Net Working Capital is RM-0.12 as of Mar. 2026. GuruFocus rates XKLS:0369 with a GF Score™ of 8/100. The stock has 6 warning signs investors should review. Among 61 Utilities - Independent Power Producers companies, JS Solar Holding Bhd ranks worse than 1639342.62% 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.
JS Solar Holding Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM-0.12.
The industry rank for JS Solar Holding Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0369's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 7.25 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
JS Solar Holding Bhd (XKLS:0369) 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.
JS Solar Holding Bhd Net-Net Working Capital Related Terms
JS Solar Holding Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for JS Solar Holding 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.
JS Solar Holding Bhd Net-Net Working Capital Chart
JS Solar Holding Bhd Net-Net Working Capital Competitor Comparison
For the Utilities - Renewable subindustry, JS Solar Holding 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.
JS Solar Holding Bhd Price-to-Net-Net-Working-Capital vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, JS Solar Holding Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where JS Solar Holding 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-0.12 mean?
JS Solar Holding Bhd (XKLS:0369) has a Net-Net Working Capital of RM-0.12 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 JS Solar Holding Bhd According to the industry distribution chart, JS Solar Holding Bhd ranks #999999 out of 61 companies in the Utilities - Independent Power Producers industry.
Is JS Solar Holding Bhd's Net-Net Working Capital too high?
JS Solar Holding Bhd's current Net-Net Working Capital is RM-0.12. Based on the distribution chart, JS Solar Holding Bhd ranks #999999 out of 61 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, JS Solar Holding Bhd has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does JS Solar Holding Bhd's Net-Net Working Capital compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, JS Solar Holding Bhd ranks #999999 out of 61 companies for Net-Net Working Capital. This places JS Solar Holding Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 7.25. 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 Utilities - Independent Power Producers company?
The median Net-Net Working Capital among Utilities - Independent Power Producers companies is 7.25, based on 61 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 JS Solar Holding Bhd For the Utilities - Independent Power Producers industry, the median Net-Net Working Capital is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JS Solar Holding Bhd's current Net-Net Working Capital is RM-0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JS Solar Holding Bhd stock overvalued right now?
JS Solar Holding Bhd (XKLS:0369) has a current Net-Net Working Capital of RM-0.12. The current Net-Net Working Capital is RM-0.12. JS Solar Holding Bhd's overall GF Score™ is 8/100 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 JS Solar Holding Bhd (XKLS:0369), the current Net-Net Working Capital is RM-0.12 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.
JS Solar Holding Bhd is principally an investment holding company. Through its Subsidiaries, it is principally involved in the provision of EPCC services and contracting services for solar PV systems. The company also complement its solar PV system projects through the provision of O&M services to assist its customers in operating and maintaining their solar PV systems.
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