Seremban Engineering Bhd (XKLS:5163) Net-Net Working Capital: RM0.03 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:5163 Seremban Engineering Bhd XKLS:5163
34 GF Score
Price RM0.59
GF Value RM0.23
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Seremban Engineering Bhd Net-Net Working Capital?

Seremban Engineering Bhd XKLS:5163 34 Net-Net Working Capital is RM0.03 as of Jun. 2026. GuruFocus rates XKLS:5163 with a GF Score™ of 34/100 and a GF Value™ of RM0.23 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,312 Industrial Products companies, Seremban Engineering Bhd ranks worse than 76219.44% 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.

Seremban Engineering Bhd's Net-Net Working Capital for the quarter that ended in Jun. 2026 was RM0.03.

The industry rank for Seremban Engineering Bhd's Net-Net Working Capital or its related term are showing as below:

XKLS:5163's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 8.18
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Seremban Engineering Bhd  (XKLS:5163) 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.


Seremban Engineering Bhd Net-Net Working Capital Related Terms


Seremban Engineering Bhd Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Seremban Engineering 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.

Seremban Engineering Bhd Net-Net Working Capital Chart

Seremban Engineering Bhd Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.30 -0.46 -0.54 -0.39 0.03

Seremban Engineering Bhd Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.39 -0.24 0.01 0.04 0.03

XKLS:5163 vs ATI, CRS, MLI: Net-Net Working Capital Comparison

For the Metal Fabrication subindustry, Seremban Engineering 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.


Seremban Engineering Bhd Price-to-Net-Net-Working-Capital vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Seremban Engineering Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Seremban Engineering Bhd's Price-to-Net-Net-Working-Capital falls into.


XKLS:5163
34GF Score
Seremban Engineering Bhd XKLS:5163
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Seremban Engineering Bhd Net-Net Working Capital Calculation

Seremban Engineering Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2026 is calculated as

Net-Net Working Capital(A: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(32.335+0.75 * 92.944+0.5 * 1.065-100.479
-0-0)/79.6808
=0.03

Seremban Engineering Bhd's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(32.335+0.75 * 92.944+0.5 * 1.065-100.479
-0-0)/79.6808
=0.03

* 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 RM0.03 mean?
Seremban Engineering Bhd (XKLS:5163) has a Net-Net Working Capital of RM0.03 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 Seremban Engineering Bhd According to the industry distribution chart, Seremban Engineering Bhd ranks #999999 out of 1312 companies in the Industrial Products industry.
Is Seremban Engineering Bhd's Net-Net Working Capital too high?
Seremban Engineering Bhd's current Net-Net Working Capital is RM0.03. Based on the distribution chart, Seremban Engineering Bhd ranks #999999 out of 1312 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Seremban Engineering Bhd has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Seremban Engineering Bhd's Net-Net Working Capital compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Seremban Engineering Bhd ranks #999999 out of 1312 companies for Net-Net Working Capital. This places Seremban Engineering Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 8.18. 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 Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.18, based on 1,312 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 Seremban Engineering Bhd For the Industrial Products industry, the median Net-Net Working Capital is 8.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Seremban Engineering Bhd's current Net-Net Working Capital is RM0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Seremban Engineering Bhd stock overvalued right now?
Based on GuruFocus' analysis, Seremban Engineering Bhd (XKLS:5163) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.23, compared to a current price of RM0.59 — trading 156.5% above its estimated fair value. The current Net-Net Working Capital is RM0.03. Seremban Engineering Bhd's overall GF Score™ is 34/100 with 5 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 Seremban Engineering Bhd (XKLS:5163), the current Net-Net Working Capital is RM0.03 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 Seremban Engineering Bhd (XKLS:5163) Overvalued in 2026?

Based on GuruFocus' analysis, Seremban Engineering Bhd stock appears to be overvalued. The current stock price of RM0.59 is trading 156.5% above its estimated GF Value™ of RM0.23. GuruFocus considers Seremban Engineering Bhd to be Significantly Overvalued.

Key valuation signals for XKLS:5163:

  • Net-Net Working Capital: RM0.03
  • GF Value™: RM0.23 vs. price of RM0.59 (156.5% above fair value)
  • GF Score™: 34/100 with 5 warning signs

No single metric tells the full story. See the XKLS:5163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Seremban Engineering Bhd Business Description

Address Lot 1A - 1C, Lorong Bunga Tanjung 1/3, Senawang Industrial Park, Seremban, NSN, MYS, 70400
Seremban Engineering Bhd is engaged in providing engineering services including fabrication, engineering support, maintenance, and shutdown work for oil and fats, palm oil refineries, water treatment, food, chemical plants, and oil and gas industries. The products and services provided by the company include the Design, fabrication, and installation of unfired pressure vessels, reactors, heat exchangers, oil heaters, towers and columns, deodorisers, and receiver tanks, Fabrication and erection of steel structures and platforms and the Fabrication and piping works. Geographically, the company operates in Asia, Europe, Malaysia, and Singapore of which Malaysia generates the maximum revenue.
34GF Score

Get the complete analysis for XKLS:5163

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM0.59
Price
RM0.23
GF Value