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Elsa BhdXKLS:0458 -2.27%16 Net-Net Working Capital is RM0.03 as of Dec. 2025. GuruFocus rates XKLS:0458 with a GF Score™ of 16/100. Among 194 Oil & Gas companies, Elsa Bhd ranks worse than 53.61% 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.
Elsa Bhd's Net-Net Working Capital for the quarter that ended in Dec. 2025 was RM0.03.
The industry rank for Elsa Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:0458's Price-to-Net-Net-Working-Capital is ranked worse than 53.61% of 194
companies
in the Oil & Gas industry
Industry Median: 6.16
vs XKLS:0458: 7.17
Elsa Bhd (XKLS:0458) 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.
Elsa Bhd Net-Net Working Capital Related Terms
Elsa Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Elsa 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.
Elsa Bhd Net-Net Working Capital Chart
Elsa Bhd Annual Data
Trend
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.03
0.00
-0.04
0.03
Elsa Bhd Semi-Annual Data
Dec22
Dec23
Dec24
Dec25
Net-Net Working Capital
-0.03
0.00
-0.04
0.03
XKLS:0458 vs SLB, BKR, FTI: Net-Net Working Capital Comparison
For the Oil & Gas Equipment & Services subindustry, Elsa 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.
Elsa Bhd Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Elsa Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Elsa 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 RM0.03 mean?
Elsa Bhd (XKLS:0458) has a Net-Net Working Capital of RM0.03 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 Elsa Bhd According to the industry distribution chart, Elsa Bhd ranks #104 out of 194 companies in the Oil & Gas industry, placing it in the top 53.6%.
Is Elsa Bhd's Net-Net Working Capital too high?
Elsa Bhd's current Net-Net Working Capital is RM0.03. Based on the distribution chart, Elsa Bhd ranks #104 out of 194 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Elsa Bhd has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Elsa Bhd's Net-Net Working Capital compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Elsa Bhd ranks #104 out of 194 companies for Net-Net Working Capital. This places Elsa Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.16. 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 Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.16, based on 194 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 Elsa Bhd For the Oil & Gas industry, the median Net-Net Working Capital is 6.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elsa Bhd's current Net-Net Working Capital is RM0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elsa Bhd stock overvalued right now?
Elsa Bhd (XKLS:0458) has a current Net-Net Working Capital of RM0.03. The current Net-Net Working Capital is RM0.03. Elsa Bhd's overall GF Score™ is 16/100. 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 Elsa Bhd (XKLS:0458), the current Net-Net Working Capital is RM0.03 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.
Elsa Bhd is an investment holding company. Through its subsidiaries, the company is principally involved in the provision of O&G service and equipment solutions which include, amongst others, oilfield service solutions, talent solutions, digital solutions as well as robotics and engineering solutions. Its main business segments comprise: i) Oilfield service solutions, Talent solutions, Digital solutions, and Robotics and engineering solutions. The majority of revenue is derived from the Oilfield service solutions segment, which include supporting activities throughout the lifecycle of an oilfield, mainly in subsurface geoscience and petroleum engineering services, production optimisation services and well services subsegments. Geographically, key revenue is derived from Malaysia.
16GF Score
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