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Bus Cap BhdXKLS:0455 +1.75%15 Net-Net Working Capital is RM0.04 as of Dec. 2025. GuruFocus rates XKLS:0455 with a GF Score™ of 15/100. The stock has 2 warning signs investors should review. Among 381 Vehicles & Parts companies, Bus Cap Bhd ranks better than 53.02% 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.
Bus Cap Bhd's Net-Net Working Capital for the quarter that ended in Dec. 2025 was RM0.04.
The industry rank for Bus Cap Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0455's Price-to-Net-Net-Working-Capital is ranked better than 53.02% of 381
companies
in the Vehicles & Parts industry
Industry Median: 7.88
vs XKLS:0455: 7.25
Bus Cap Bhd (XKLS:0455) 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.
Bus Cap Bhd Net-Net Working Capital Related Terms
Bus Cap Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Bus Cap 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.
Bus Cap Bhd Net-Net Working Capital Chart
Bus Cap Bhd Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.02
-0.02
-0.03
0.04
Bus Cap Bhd Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.02
-0.02
-0.03
0.04
XKLS:0455 vs TSLA, GM, F: Net-Net Working Capital Comparison
For the Auto Manufacturers subindustry, Bus Cap 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.
Bus Cap Bhd Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Bus Cap Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bus Cap 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 RM0.04 mean?
Bus Cap Bhd (XKLS:0455) has a Net-Net Working Capital of RM0.04 as of Dec. 2025. 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 Bus Cap Bhd According to the industry distribution chart, Bus Cap Bhd ranks #179 out of 381 companies in the Vehicles & Parts industry, placing it in the top 47%.
Is Bus Cap Bhd's Net-Net Working Capital too high?
Bus Cap Bhd's current Net-Net Working Capital is RM0.04. Based on the distribution chart, Bus Cap Bhd ranks #179 out of 381 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Bus Cap Bhd has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bus Cap Bhd's Net-Net Working Capital compare to TSLA and GM?
According to the Vehicles & Parts industry distribution chart, Bus Cap Bhd ranks #179 out of 381 companies for Net-Net Working Capital. This puts Bus Cap Bhd in the upper half of its industry. The industry median Net-Net Working Capital is 7.88. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 7.88, based on 381 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 Bus Cap Bhd For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bus Cap Bhd's current Net-Net Working Capital is RM0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bus Cap Bhd stock overvalued right now?
Bus Cap Bhd (XKLS:0455) has a current Net-Net Working Capital of RM0.04. The current Net-Net Working Capital is RM0.04. Bus Cap Bhd's overall GF Score™ is 15/100 with 2 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 Bus Cap Bhd (XKLS:0455), the current Net-Net Working Capital is RM0.04 as of Dec. 2025. 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.
Bus Cap Bhd is an investment holding company. Through its Subsidiary, the company is principally involved in bus building, covering the design and manufacturing of bus bodies, assembly of bus bodies with chassis sourced from chassis principals/dealers, sourcing and installation of fittings and accessories to form CBU buses as well as provision of bus repair and maintenance services. The company's business segments are: (i) Sales of buses; and (ii) Provision of repair and maintenance services for buses. The majority of revenue is derived from the Sales of buses, mainly semi-high deck buses. Geographically, the maximum revenue is generated from Malaysia and the rest from Singapore.
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