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Zhulian BhdXKLS:5131 -2.70%70 Net-Net Working Capital is RM0.27 as of May. 2026. GuruFocus rates XKLS:5131 with a GF Score™ of 70/100 and a GF Value™ of RM1.19 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 327 Retail - Cyclical companies, Zhulian Bhd ranks better than 74.31% on this metric.
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.
Zhulian Bhd's Net-Net Working Capital for the quarter that ended in May. 2026 was RM0.27.
The industry rank for Zhulian Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5131's Price-to-Net-Net-Working-Capital is ranked better than 74.31% of 327
companies
in the Retail - Cyclical industry
Industry Median: 6.53
vs XKLS:5131: 2.67
Zhulian Bhd (XKLS:5131) 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.
Zhulian Bhd Net-Net Working Capital Related Terms
Zhulian Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Zhulian 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:5131 vs TPR, SIG: Net-Net Working Capital Comparison
For the Luxury Goods subindustry, Zhulian 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.
Zhulian Bhd Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Zhulian Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Zhulian 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 RM0.27 mean?
Zhulian Bhd (XKLS:5131) has a Net-Net Working Capital of RM0.27 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 Zhulian Bhd According to the industry distribution chart, Zhulian Bhd ranks #84 out of 327 companies in the Retail - Cyclical industry, placing it in the top 25.7%.
Is Zhulian Bhd's Net-Net Working Capital too high?
Zhulian Bhd's current Net-Net Working Capital is RM0.27. Based on the distribution chart, Zhulian Bhd ranks #84 out of 327 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Zhulian Bhd has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Zhulian Bhd's Net-Net Working Capital compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Zhulian Bhd ranks #84 out of 327 companies for Net-Net Working Capital. This puts Zhulian Bhd in the upper half of its industry. The industry median Net-Net Working Capital is 6.53. 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.53, based on 327 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 Zhulian Bhd For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhulian Bhd's current Net-Net Working Capital is RM0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhulian Bhd stock overvalued right now?
Based on GuruFocus' analysis, Zhulian Bhd (XKLS:5131) is currently considered Possible Value Trap. The stock's GF Value™ is RM1.19, compared to a current price of RM0.72 — trading 39.5% below its estimated fair value. The current Net-Net Working Capital is RM0.27. Zhulian Bhd's overall GF Score™ is 70/100 with 4 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 Zhulian Bhd (XKLS:5131), the current Net-Net Working Capital is RM0.27 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 Zhulian Bhd (XKLS:5131) Overvalued in 2026?
Based on GuruFocus' analysis, Zhulian Bhd stock appears to be undervalued.
The current stock price of RM0.72 is trading 39.5% below its estimated GF Value™ of RM1.19.
GuruFocus considers Zhulian Bhd to be Possible Value Trap.
Key valuation signals for XKLS:5131:
Net-Net Working Capital: RM0.27
GF Value™: RM1.19 vs. price of RM0.72 (39.5% below fair value)
No single metric tells the full story. See the XKLS:5131 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhulian Corp Bhd is an investment holding company based in Malaysia, operating principally in the direct selling industry. Through its subsidiaries, the Group is engaged in the manufacturing, distribution, marketing, and sale of jewellery and a diversified portfolio of consumer products. Its products include jewellery, beverages, health supplements, home wellness, therapeutic beddings, household products, and personal, baby and beauty care. The Group's operations are principally confined to the manufacture and sale of jewellery and consumer products on a direct sales basis, mainly carried out in Malaysia, Thailand, and Cambodia, with Thailand generating maximum revenue.
70GF Score
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