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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.
Meridian Bhd's Net-Net Working Capital for the quarter that ended in May. 2025 was RM-0.25.
The industry rank for Meridian Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5040's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.345 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Meridian Bhd (XKLS:5040) 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.
Meridian Bhd Net-Net Working Capital Related Terms
Meridian Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Meridian 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:5040 vs CBRE, BEKE, CSGP: Net-Net Working Capital Comparison
For the Real Estate Services subindustry, Meridian 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.
Meridian Bhd Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Meridian Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Meridian 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-0.25 mean?
Meridian Bhd (XKLS:5040) has a Net-Net Working Capital of RM-0.25 as of May. 2025. 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 Meridian Bhd
Is Meridian Bhd's Net-Net Working Capital too high?
Meridian Bhd's current Net-Net Working Capital is RM-0.25.
How does Meridian Bhd's Net-Net Working Capital compare to CBRE and BEKE?
Meridian Bhd's Net-Net Working Capital of RM-0.25 can be compared against companies in the Real Estate industry. The industry median Net-Net Working Capital is 4.35. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.35, based on 320 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 Meridian Bhd For the Real Estate industry, the median Net-Net Working Capital is 4.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Meridian Bhd's current Net-Net Working Capital is RM-0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Meridian Bhd stock overvalued right now?
Meridian Bhd (XKLS:5040) has a current Net-Net Working Capital of RM-0.25. The current Net-Net Working Capital is RM-0.25. 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 Meridian Bhd (XKLS:5040), the current Net-Net Working Capital is RM-0.25 as of May. 2025. 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.
Meridian Bhd is an investment holding company. Along with its subsidiaries, it is engaged in property development and investment in properties. The group has completed the development of several properties, such as The Summit Subang USJ, The Summit Bukit Mertajam, Aman Larkin, Scott Garden, Scott Tower, The Arc at Cyberjaya, etc., and has many other projects under development. The group's operating segments are: Property investment, Construction, Property development, and Others. Maximum revenue is generated from its Property investment segment, which is involved in rental collection from investment properties and the operation of car parks in commercial properties. Geographically, the group mainly operates in Malaysia.
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