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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.
Warisan TC Holdings Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM-4.83.
The industry rank for Warisan TC Holdings Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5016's Price-to-Net-Net-Working-Capital is not ranked *
in the Conglomerates industry.
Industry Median: 5.91 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Warisan TC Holdings Bhd (XKLS:5016) 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.
Warisan TC Holdings Bhd Net-Net Working Capital Related Terms
Warisan TC Holdings Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Warisan TC Holdings 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.
Warisan TC Holdings Bhd Net-Net Working Capital Chart
XKLS:5016 vs MMM, HON: Net-Net Working Capital Comparison
For the Conglomerates subindustry, Warisan TC Holdings 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.
Warisan TC Holdings Bhd Price-to-Net-Net-Working-Capital vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Warisan TC Holdings Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Warisan TC Holdings 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-4.83 mean?
Warisan TC Holdings Bhd (XKLS:5016) has a Net-Net Working Capital of RM-4.83 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 Warisan TC Holdings Bhd According to the industry distribution chart, Warisan TC Holdings Bhd ranks #999999 out of 111 companies in the Conglomerates industry.
Is Warisan TC Holdings Bhd's Net-Net Working Capital too high?
Warisan TC Holdings Bhd's current Net-Net Working Capital is RM-4.83. Based on the distribution chart, Warisan TC Holdings Bhd ranks #999999 out of 111 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Warisan TC Holdings Bhd has a GF Score™ of 35/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Warisan TC Holdings Bhd's Net-Net Working Capital compare to MMM and HON?
According to the Conglomerates industry distribution chart, Warisan TC Holdings Bhd ranks #999999 out of 111 companies for Net-Net Working Capital. This places Warisan TC Holdings Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 5.91. 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 Conglomerates company?
The median Net-Net Working Capital among Conglomerates companies is 5.91, based on 111 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 Warisan TC Holdings Bhd For the Conglomerates industry, the median Net-Net Working Capital is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Warisan TC Holdings Bhd's current Net-Net Working Capital is RM-4.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warisan TC Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Warisan TC Holdings Bhd (XKLS:5016) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.43, compared to a current price of RM0.62 — trading 57% below its estimated fair value. The current Net-Net Working Capital is RM-4.83. Warisan TC Holdings Bhd's overall GF Score™ is 35/100 with 5 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 Warisan TC Holdings Bhd (XKLS:5016), the current Net-Net Working Capital is RM-4.83 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 Warisan TC Holdings Bhd (XKLS:5016) Overvalued in 2026?
Based on GuruFocus' analysis, Warisan TC Holdings Bhd stock appears to be undervalued.
The current stock price of RM0.62 is trading 57% below its estimated GF Value™ of RM1.43.
GuruFocus considers Warisan TC Holdings Bhd to be Possible Value Trap.
Key valuation signals for XKLS:5016:
Net-Net Working Capital: RM-4.83
GF Value™: RM1.43 vs. price of RM0.62 (57% below fair value)
No single metric tells the full story. See the XKLS:5016 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Warisan TC Holdings Bhd is an investment holding company in Malaysia. Its business segments comprise Travel and car rental, Machinery, Automotive, and Others. The travel and car rental division provides inbound tours, corporate travel, outbound tours, airline ticketing, and car and coach rental services. The machinery division provides material handling equipment, forklifts, factory scrubbers, and sweepers; construction equipment (road, earthwork, quarry, and mining), agricultural tractors, golf and turf equipment, engines and generators, and air compressors. The automotive division provides light commercial trucks, heavy commercial trucks, and pickup trucks. Others segment includes property investment, assembly of a passenger vehicle, and consumers product as cosmetics & lingerie.
35GF Score
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