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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.
icapital biz Bhd's Net-Net Working Capital for the quarter that ended in May. 2026 was RM0.07.
The industry rank for icapital biz Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5108's Price-to-Net-Net-Working-Capital is ranked worse than 80.4% of 495
companies
in the Asset Management industry
Industry Median: 6.41
vs XKLS:5108: 35.29
icapital biz Bhd (XKLS:5108) 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.
icapital biz Bhd Net-Net Working Capital Related Terms
icapital biz Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for icapital biz 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:5108 vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, icapital biz 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.
icapital biz Bhd Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, icapital biz Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where icapital biz 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 RM0.07 mean?
icapital biz Bhd (XKLS:5108) has a Net-Net Working Capital of RM0.07 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 icapital biz Bhd According to the industry distribution chart, icapital biz Bhd ranks #398 out of 495 companies in the Asset Management industry, placing it in the top 80.4%.
Is icapital biz Bhd's Net-Net Working Capital too high?
icapital biz Bhd's current Net-Net Working Capital is RM0.07. Based on the distribution chart, icapital biz Bhd ranks #398 out of 495 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, icapital biz Bhd has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does icapital biz Bhd's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, icapital biz Bhd ranks #398 out of 495 companies for Net-Net Working Capital. This places icapital biz Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.41. 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 Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.41, based on 495 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 icapital biz Bhd For the Asset Management industry, the median Net-Net Working Capital is 6.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. icapital biz Bhd's current Net-Net Working Capital is RM0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is icapital biz Bhd stock overvalued right now?
Based on GuruFocus' analysis, icapital biz Bhd (XKLS:5108) is currently considered Significantly Undervalued. The stock's GF Value™ is RM4.59, compared to a current price of RM2.47 — trading 46.2% below its estimated fair value. The current Net-Net Working Capital is RM0.07. icapital biz Bhd's overall GF Score™ is 55/100 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 icapital biz Bhd (XKLS:5108), the current Net-Net Working Capital is RM0.07 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 icapital biz Bhd (XKLS:5108) Overvalued in 2026?
Based on GuruFocus' analysis, icapital biz Bhd stock appears to be undervalued.
The current stock price of RM2.47 is trading 46.2% below its estimated GF Value™ of RM4.59.
GuruFocus considers icapital biz Bhd to be Significantly Undervalued.
Key valuation signals for XKLS:5108:
Net-Net Working Capital: RM0.07
GF Value™: RM4.59 vs. price of RM2.47 (46.2% below fair value)
No single metric tells the full story. See the XKLS:5108 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
icapital biz Bhd is a Malaysia-based closed-end fund engaged in investing in a diversified portfolio of quoted securities. The fund's main objective is long-term capital appreciation through value investing in undervalued companies listed on Bursa Malaysia's Main and ACE Markets. It can also invest in cash deposits and up to 10% of its assets in unlisted companies. The fund is managed by Capital Dynamics Asset Management Sdn. Bhd., with Capital Dynamics Sdn. Bhd. as the investment adviser. Revenue and returns are generated through strategic investment in equities and other asset classes, focusing on sustainable growth and capital gains. The company operates mainly as an investment fund rather than traditional business operations.
55GF 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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