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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.
XKLS:5130's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 16.375 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Atrium Real Estate Investment Trust (XKLS:5130) 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.
Atrium Real Estate Investment Trust Net-Net Working Capital Related Terms
Atrium Real Estate Investment Trust 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.
Atrium Real Estate Investment Trust Net-Net Working Capital Chart
XKLS:5130 vs PLD, PSA, EXR: Net-Net Working Capital Comparison
For the REIT - Industrial subindustry, Atrium Real Estate Investment Trust'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.
Atrium Real Estate Investment Trust Price-to-Net-Net-Working-Capital vs REITs Industry
For the REITs industry and Real Estate sector, Atrium Real Estate Investment Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Atrium Real Estate Investment Trust'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-1.24 mean?
Atrium Real Estate Investment Trust (XKLS:5130) has a Net-Net Working Capital of RM-1.24 as of Jun. 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 Atrium Real Estate Investment Trust According to the industry distribution chart, Atrium Real Estate Investment Trust ranks #999999 out of 110 companies in the REITs industry.
Is Atrium Real Estate Investment Trust's Net-Net Working Capital too high?
Atrium Real Estate Investment Trust's current Net-Net Working Capital is RM-1.24. Based on the distribution chart, Atrium Real Estate Investment Trust ranks #999999 out of 110 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Atrium Real Estate Investment Trust has a GF Score™ of 68/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Atrium Real Estate Investment Trust's Net-Net Working Capital compare to PLD and PSA?
According to the REITs industry distribution chart, Atrium Real Estate Investment Trust ranks #999999 out of 110 companies for Net-Net Working Capital. This places Atrium Real Estate Investment Trust in the lower half of its industry. The industry median Net-Net Working Capital is 16.38. 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 REITs company?
The median Net-Net Working Capital among REITs companies is 16.38, based on 110 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 Atrium Real Estate Investment Trust For the REITs industry, the median Net-Net Working Capital is 16.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atrium Real Estate Investment Trust's current Net-Net Working Capital is RM-1.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atrium Real Estate Investment Trust stock overvalued right now?
Based on GuruFocus' analysis, Atrium Real Estate Investment Trust (XKLS:5130) is currently considered Modestly Undervalued. The stock's GF Value™ is RM1.43, compared to a current price of RM1.21 — trading 15.4% below its estimated fair value. The current Net-Net Working Capital is RM-1.24. Atrium Real Estate Investment Trust's overall GF Score™ is 68/100 with 6 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 Atrium Real Estate Investment Trust (XKLS:5130), the current Net-Net Working Capital is RM-1.24 as of Jun. 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 Atrium Real Estate Investment Trust (XKLS:5130) Overvalued in 2026?
Based on GuruFocus' analysis, Atrium Real Estate Investment Trust stock appears to be undervalued.
The current stock price of RM1.21 is trading 15.4% below its estimated GF Value™ of RM1.43.
GuruFocus considers Atrium Real Estate Investment Trust to be Modestly Undervalued.
Key valuation signals for XKLS:5130:
Net-Net Working Capital: RM-1.24
GF Value™: RM1.43 vs. price of RM1.21 (15.4% below fair value)
No single metric tells the full story. See the XKLS:5130 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atrium Real Estate Investment Trust is an industrial asset-focused real estate investment trust. The company focuses on investing in properties, which are all located in Malaysia, with the primary objective of deriving rental income. The company focuses its investments on real estate, non-real estate assets, cash, deposits, money market instruments, and any other investments allowed under the REITs Guidelines or authorized by the Securities Commission. Its property portfolio consists of nine industrial properties located in locations in the Klang Valley and Penang.
68GF Score
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