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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.
XKLS:3867's Price-to-Net-Net-Working-Capital is ranked worse than 96.81% of 533
companies
in the Semiconductors industry
Industry Median: 12.08
vs XKLS:3867: 239.20
Malaysian Pacific Industries Bhd (XKLS:3867) 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.
Malaysian Pacific Industries Bhd Net-Net Working Capital Related Terms
Malaysian Pacific Industries 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.
Malaysian Pacific Industries Bhd Net-Net Working Capital Chart
XKLS:3867 vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Malaysian Pacific Industries 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.
Malaysian Pacific Industries Bhd Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Malaysian Pacific Industries Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Malaysian Pacific Industries 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 RM0.20 mean?
Malaysian Pacific Industries Bhd (XKLS:3867) has a Net-Net Working Capital of RM0.20 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 Malaysian Pacific Industries Bhd According to the industry distribution chart, Malaysian Pacific Industries Bhd ranks #516 out of 533 companies in the Semiconductors industry, placing it in the top 96.8%.
Is Malaysian Pacific Industries Bhd's Net-Net Working Capital too high?
Malaysian Pacific Industries Bhd's current Net-Net Working Capital is RM0.20. Based on the distribution chart, Malaysian Pacific Industries Bhd ranks #516 out of 533 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Malaysian Pacific Industries Bhd has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Malaysian Pacific Industries Bhd's Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Malaysian Pacific Industries Bhd ranks #516 out of 533 companies for Net-Net Working Capital. This places Malaysian Pacific Industries Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 12.08. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 12.08, based on 533 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 Malaysian Pacific Industries Bhd For the Semiconductors industry, the median Net-Net Working Capital is 12.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malaysian Pacific Industries Bhd's current Net-Net Working Capital is RM0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysian Pacific Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malaysian Pacific Industries Bhd (XKLS:3867) is currently considered Significantly Overvalued. The stock's GF Value™ is RM33.19, compared to a current price of RM47.84 — trading 44.1% above its estimated fair value. The current Net-Net Working Capital is RM0.20. Malaysian Pacific Industries Bhd's overall GF Score™ is 77/100 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 Malaysian Pacific Industries Bhd (XKLS:3867), the current Net-Net Working Capital is RM0.20 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 Malaysian Pacific Industries Bhd (XKLS:3867) Overvalued in 2026?
Based on GuruFocus' analysis, Malaysian Pacific Industries Bhd stock appears to be overvalued.
The current stock price of RM47.84 is trading 44.1% above its estimated GF Value™ of RM33.19.
GuruFocus considers Malaysian Pacific Industries Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:3867:
Net-Net Working Capital: RM0.20
GF Value™: RM33.19 vs. price of RM47.84 (44.1% above fair value)
No single metric tells the full story. See the XKLS:3867 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malaysian Pacific Industries Bhd is an investment holding company. The company along with its subsidiaries is engaged in manufacturing, assembling, testing, and sale of integrated circuits, semiconductor devices, electronic components, and lead frames. The group's geographical segments include Asia, USA, and Europe. It derives a majority of its revenue from Asia.
77GF Score
Get the complete analysis for XKLS:3867
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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