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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.
Tong Herr Resources Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM1.55.
The industry rank for Tong Herr Resources Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5010's Price-to-Net-Net-Working-Capital is ranked better than 95.72% of 1356
companies
in the Industrial Products industry
Industry Median: 8.275
vs XKLS:5010: 1.54
Tong Herr Resources Bhd (XKLS:5010) 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.
Tong Herr Resources Bhd Net-Net Working Capital Related Terms
Tong Herr Resources Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Tong Herr Resources 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.
Tong Herr Resources Bhd Net-Net Working Capital Chart
XKLS:5010 vs SNA, RBC, SWK: Net-Net Working Capital Comparison
For the Tools & Accessories subindustry, Tong Herr Resources 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.
Tong Herr Resources Bhd Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tong Herr Resources Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tong Herr Resources 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 RM1.55 mean?
Tong Herr Resources Bhd (XKLS:5010) has a Net-Net Working Capital of RM1.55 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 Tong Herr Resources Bhd According to the industry distribution chart, Tong Herr Resources Bhd ranks #58 out of 1356 companies in the Industrial Products industry, placing it in the top 4.3%.
Is Tong Herr Resources Bhd's Net-Net Working Capital too high?
Tong Herr Resources Bhd's current Net-Net Working Capital is RM1.55. Based on the distribution chart, Tong Herr Resources Bhd ranks #58 out of 1356 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Tong Herr Resources Bhd has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tong Herr Resources Bhd's Net-Net Working Capital compare to SNA and RBC?
According to the Industrial Products industry distribution chart, Tong Herr Resources Bhd ranks #58 out of 1356 companies for Net-Net Working Capital. This places Tong Herr Resources Bhd in the top 4% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.28. 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 Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.28, based on 1,356 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 Tong Herr Resources Bhd For the Industrial Products industry, the median Net-Net Working Capital is 8.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tong Herr Resources Bhd's current Net-Net Working Capital is RM1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Herr Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tong Herr Resources Bhd (XKLS:5010) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.51, compared to a current price of RM2.39 — trading 58.3% above its estimated fair value. The current Net-Net Working Capital is RM1.55. Tong Herr Resources Bhd's overall GF Score™ is 64/100 with 11 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 Tong Herr Resources Bhd (XKLS:5010), the current Net-Net Working Capital is RM1.55 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 Tong Herr Resources Bhd (XKLS:5010) Overvalued in 2026?
Based on GuruFocus' analysis, Tong Herr Resources Bhd stock appears to be overvalued.
The current stock price of RM2.39 is trading 58.3% above its estimated GF Value™ of RM1.51.
GuruFocus considers Tong Herr Resources Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5010:
Net-Net Working Capital: RM1.55
GF Value™: RM1.51 vs. price of RM2.39 (58.3% above fair value)
No single metric tells the full story. See the XKLS:5010 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tong Herr Resources Bhd is involved in the manufacturing and sales of stainless steel fasteners, including nuts, bolts, screws, and all other threaded items, and also manufactures aluminium extrusions and its related products. The company operates through two primary business segments: stainless steel fasteners and aluminum products. Its fasteners include bolts, nuts, screws, and other components used in various industries. The aluminum segment complements the company's core offerings by providing products essential for diverse industrial applications. The majority of the revenue is derived from the Manufacture and sale of stainless steel fasteners segment. Geographically, it operates in Malaysia, Thailand, the Republic of China (Taiwan), the United States of America, and Others.
64GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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