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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.
Alam Maritim Resources Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM0.08.
The industry rank for Alam Maritim Resources Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5115's Price-to-Net-Net-Working-Capital is ranked better than 65.46% of 194
companies
in the Oil & Gas industry
Industry Median: 6.185
vs XKLS:5115: 3.31
Alam Maritim Resources Bhd (XKLS:5115) 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.
Alam Maritim Resources Bhd Net-Net Working Capital Related Terms
Alam Maritim Resources Bhd Net-Net Working Capital Historical Data
* 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.
Alam Maritim Resources Bhd Net-Net Working Capital Chart
XKLS:5115 vs SLB, BKR, FTI: Net-Net Working Capital Comparison
For the Oil & Gas Equipment & Services subindustry, Alam Maritim 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.
Alam Maritim Resources Bhd Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Alam Maritim Resources Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Alam Maritim 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 RM0.08 mean?
Alam Maritim Resources Bhd (XKLS:5115) has a Net-Net Working Capital of RM0.08 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 Alam Maritim Resources Bhd According to the industry distribution chart, Alam Maritim Resources Bhd ranks #67 out of 194 companies in the Oil & Gas industry, placing it in the top 34.5%.
Is Alam Maritim Resources Bhd's Net-Net Working Capital too high?
Alam Maritim Resources Bhd's current Net-Net Working Capital is RM0.08. Based on the distribution chart, Alam Maritim Resources Bhd ranks #67 out of 194 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Alam Maritim Resources Bhd has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alam Maritim Resources Bhd's Net-Net Working Capital compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Alam Maritim Resources Bhd ranks #67 out of 194 companies for Net-Net Working Capital. This puts Alam Maritim Resources Bhd in the upper half of its industry. The industry median Net-Net Working Capital is 6.19. 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 Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.19, based on 194 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 Alam Maritim Resources Bhd For the Oil & Gas industry, the median Net-Net Working Capital is 6.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alam Maritim Resources Bhd's current Net-Net Working Capital is RM0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alam Maritim Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, Alam Maritim Resources Bhd (XKLS:5115) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.17, compared to a current price of RM0.27 — trading 55.9% above its estimated fair value. The current Net-Net Working Capital is RM0.08. Alam Maritim Resources Bhd's overall GF Score™ is 36/100 with 2 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 Alam Maritim Resources Bhd (XKLS:5115), the current Net-Net Working Capital is RM0.08 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 Alam Maritim Resources Bhd (XKLS:5115) Overvalued in 2026?
Based on GuruFocus' analysis, Alam Maritim Resources Bhd stock appears to be overvalued.
The current stock price of RM0.27 is trading 55.9% above its estimated GF Value™ of RM0.17.
GuruFocus considers Alam Maritim Resources Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5115:
Net-Net Working Capital: RM0.08
GF Value™: RM0.17 vs. price of RM0.27 (55.9% above fair value)
No single metric tells the full story. See the XKLS:5115 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alam Maritim Resources Bhd is an first-tier service provider to the Malaysian oil and gas industry. The company's activities include offshore facilities construction and installation services, such as marine construction-related services; subsea engineering services and offshore pipeline construction-related services, as well as designing, manufacturing and operating of remotely operated vehicles. Its segments include Offshore support vessels which provides vessels for charter hire, transportation of crew and supplies, towing and mooring of rigs offshore, anchor-handling services and to support the repair and maintenance services for the oil and gas industry; and Subsea services which provides vessel, subsea-related equipment and subsea services.
36GF Score
Get the complete analysis for XKLS:5115
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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