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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.
Hibiscus Petroleum Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM-5.01.
The industry rank for Hibiscus Petroleum Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5199's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 6.2 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Hibiscus Petroleum Bhd (XKLS:5199) 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.
Hibiscus Petroleum Bhd Net-Net Working Capital Related Terms
Hibiscus Petroleum Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Hibiscus Petroleum 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.
Hibiscus Petroleum Bhd Net-Net Working Capital Chart
XKLS:5199 vs COP, EOG, FANG: Net-Net Working Capital Comparison
For the Oil & Gas E&P subindustry, Hibiscus Petroleum 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.
Hibiscus Petroleum Bhd Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Hibiscus Petroleum Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Hibiscus Petroleum 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 RM-5.01 mean?
Hibiscus Petroleum Bhd (XKLS:5199) has a Net-Net Working Capital of RM-5.01 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 Hibiscus Petroleum Bhd According to the industry distribution chart, Hibiscus Petroleum Bhd ranks #999999 out of 193 companies in the Oil & Gas industry.
Is Hibiscus Petroleum Bhd's Net-Net Working Capital too high?
Hibiscus Petroleum Bhd's current Net-Net Working Capital is RM-5.01. Based on the distribution chart, Hibiscus Petroleum Bhd ranks #999999 out of 193 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Hibiscus Petroleum Bhd has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hibiscus Petroleum Bhd's Net-Net Working Capital compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Hibiscus Petroleum Bhd ranks #999999 out of 193 companies for Net-Net Working Capital. This places Hibiscus Petroleum Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.20. 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 6.20, based on 193 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 Hibiscus Petroleum Bhd For the Oil & Gas industry, the median Net-Net Working Capital is 6.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hibiscus Petroleum Bhd's current Net-Net Working Capital is RM-5.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hibiscus Petroleum Bhd stock overvalued right now?
Based on GuruFocus' analysis, Hibiscus Petroleum Bhd (XKLS:5199) is currently considered Fairly Valued. The stock's GF Value™ is RM2.06, compared to a current price of RM2.06 — trading right at its estimated fair value. The current Net-Net Working Capital is RM-5.01. Hibiscus Petroleum Bhd's overall GF Score™ is 76/100 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 Hibiscus Petroleum Bhd (XKLS:5199), the current Net-Net Working Capital is RM-5.01 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 Hibiscus Petroleum Bhd (XKLS:5199) Overvalued in 2026?
Based on GuruFocus' analysis, Hibiscus Petroleum Bhd stock appears to be undervalued.
The current stock price of RM2.06 is trading 0% below its estimated GF Value™ of RM2.06.
GuruFocus considers Hibiscus Petroleum Bhd to be Fairly Valued.
Key valuation signals for XKLS:5199:
Net-Net Working Capital: RM-5.01
GF Value™: RM2.06 vs. price of RM2.06 (0% below fair value)
No single metric tells the full story. See the XKLS:5199 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hibiscus Petroleum Bhd along with its subsidiaries is focused on monetizing producing oil and gas fields and growing the portfolio of exploration, development and producing assets. Its operating segments are: Malaysia-North Sabah, Malaysia-Kinabalu and Others, Commercial Arrangement Area, United Kingdom, Vietnam, Australia, and Investment holding and group activities. The company also develops oil and gas fields, hold investments, and provide project management, technical and other services relating to the oil and gas exploration and production industry.
76GF Score
Get the complete analysis for XKLS:5199
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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