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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.
Paos Holdings Bhd's Net-Net Working Capital for the quarter that ended in May. 2026 was RM0.01.
The industry rank for Paos Holdings Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5022's Price-to-Net-Net-Working-Capital is ranked worse than 78.12% of 585
companies
in the Chemicals industry
Industry Median: 7.86
vs XKLS:5022: 24.50
Paos Holdings Bhd (XKLS:5022) 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.
Paos Holdings Bhd Net-Net Working Capital Related Terms
Paos Holdings Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Paos 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.
XKLS:5022 vs LIN, SHW, ECL: Net-Net Working Capital Comparison
For the Specialty Chemicals subindustry, Paos 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.
Paos Holdings Bhd Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Paos Holdings Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Paos 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 RM0.01 mean?
Paos Holdings Bhd (XKLS:5022) has a Net-Net Working Capital of RM0.01 as of May. 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 Paos Holdings Bhd According to the industry distribution chart, Paos Holdings Bhd ranks #457 out of 585 companies in the Chemicals industry, placing it in the top 78.1%.
Is Paos Holdings Bhd's Net-Net Working Capital too high?
Paos Holdings Bhd's current Net-Net Working Capital is RM0.01. Based on the distribution chart, Paos Holdings Bhd ranks #457 out of 585 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Paos Holdings Bhd has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Paos Holdings Bhd's Net-Net Working Capital compare to LIN and SHW?
According to the Chemicals industry distribution chart, Paos Holdings Bhd ranks #457 out of 585 companies for Net-Net Working Capital. This places Paos Holdings Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 7.86. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 7.86, based on 585 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 Paos Holdings Bhd For the Chemicals industry, the median Net-Net Working Capital is 7.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paos Holdings Bhd's current Net-Net Working Capital is RM0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paos Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, Paos Holdings Bhd (XKLS:5022) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.03, compared to a current price of RM0.25 — trading 716.7% above its estimated fair value. The current Net-Net Working Capital is RM0.01. Paos Holdings Bhd's overall GF Score™ is 31/100 with 3 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 Paos Holdings Bhd (XKLS:5022), the current Net-Net Working Capital is RM0.01 as of May. 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 Paos Holdings Bhd (XKLS:5022) Overvalued in 2026?
Based on GuruFocus' analysis, Paos Holdings Bhd stock appears to be overvalued.
The current stock price of RM0.25 is trading 716.7% above its estimated GF Value™ of RM0.03.
GuruFocus considers Paos Holdings Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5022:
Net-Net Working Capital: RM0.01
GF Value™: RM0.03 vs. price of RM0.25 (716.7% above fair value)
No single metric tells the full story. See the XKLS:5022 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paos Holdings Bhd is an investment holding company. Along with its subsidiaries, it operates in the following reportable segments: Manufacturing, Trading, and Integrated hotel operations and property investment. The majority of its revenue is generated from the Trading segment, which is involved in the trading of specialty fats produced from palm oil and the trading of marine gas oil. The Manufacturing segment is engaged in contract manufacturing and the dealing of soap and its related products, toll manufacturing of products from palm oil, and manufacturing of specialty fats; and the Integrated hotel operations and property investment segment is involved in the operation and management of hotel and restaurant. Geographically, the group generates maximum revenue from its domestic market.
31GF 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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