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Malayan United Industries BhdXKLS:3891 Net-Net Working Capital is RM-0.37 as of Mar. 2026. The stock has 5 warning signs investors should review. Among 212 Travel & Leisure companies, Malayan United Industries Bhd ranks worse than 471697.64% 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.
The industry rank for Malayan United Industries Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:3891's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 6.68 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Malayan United Industries Bhd (XKLS:3891) 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.
Malayan United Industries Bhd Net-Net Working Capital Related Terms
Malayan United 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.
Malayan United Industries Bhd Net-Net Working Capital Chart
XKLS:3891 vs MAR, HLT, H: Net-Net Working Capital Comparison
For the Lodging subindustry, Malayan United 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.
Malayan United Industries Bhd Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Malayan United Industries Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Malayan United 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 RM-0.37 mean?
Malayan United Industries Bhd (XKLS:3891) has a Net-Net Working Capital of RM-0.37 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 Malayan United Industries Bhd According to the industry distribution chart, Malayan United Industries Bhd ranks #999999 out of 212 companies in the Travel & Leisure industry.
Is Malayan United Industries Bhd's Net-Net Working Capital too high?
Malayan United Industries Bhd's current Net-Net Working Capital is RM-0.37. Based on the distribution chart, Malayan United Industries Bhd ranks #999999 out of 212 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers.
How does Malayan United Industries Bhd's Net-Net Working Capital compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Malayan United Industries Bhd ranks #999999 out of 212 companies for Net-Net Working Capital. This places Malayan United Industries Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.68. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 6.68, based on 212 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 Malayan United Industries Bhd For the Travel & Leisure industry, the median Net-Net Working Capital is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malayan United Industries Bhd's current Net-Net Working Capital is RM-0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malayan United Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Malayan United Industries Bhd (XKLS:3891) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.11, compared to a current price of RM0.05 — trading 59.1% below its estimated fair value. The current Net-Net Working Capital is RM-0.37. 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 Malayan United Industries Bhd (XKLS:3891), the current Net-Net Working Capital is RM-0.37 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.
Malayan United Industries Bhd is a Malaysia-based investment holding company. The company through its associate design, manufacture, source, distributes and sells garments, accessories and home furnishings products. The company's operating segment includes Retailing; Hotel; Food; Fast Food Chain; Property; and others. It generates maximum revenue from the Fast Food Chain segment. Hotel segment includes operating chain of restaurants. Geographically, it derives a majority of revenue from Malaysia, and has its presence in Asia-Pacific, Australia, North America, and United Kingdom.
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