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Gas Malaysia BhdXKLS:5209 +0.20%76 Net-Net Working Capital is RM-0.96 as of Mar. 2026. GuruFocus rates XKLS:5209 with a GF Score™ of 76/100 and a GF Value™ of RM3.71 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 64 Utilities - Regulated companies, Gas Malaysia Bhd ranks worse than 1562498.44% 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.
Gas Malaysia Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM-0.96.
The industry rank for Gas Malaysia Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5209's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Regulated industry.
Industry Median: 5.03 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Gas Malaysia Bhd (XKLS:5209) 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.
Gas Malaysia Bhd Net-Net Working Capital Related Terms
Gas Malaysia Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Gas Malaysia 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:5209 vs ATO, NI, UGI: Net-Net Working Capital Comparison
For the Utilities - Regulated Gas subindustry, Gas Malaysia 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.
Gas Malaysia Bhd Price-to-Net-Net-Working-Capital vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Gas Malaysia Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Gas Malaysia 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-0.96 mean?
Gas Malaysia Bhd (XKLS:5209) has a Net-Net Working Capital of RM-0.96 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 Gas Malaysia Bhd According to the industry distribution chart, Gas Malaysia Bhd ranks #999999 out of 64 companies in the Utilities - Regulated industry.
Is Gas Malaysia Bhd's Net-Net Working Capital too high?
Gas Malaysia Bhd's current Net-Net Working Capital is RM-0.96. Based on the distribution chart, Gas Malaysia Bhd ranks #999999 out of 64 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Gas Malaysia Bhd has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gas Malaysia Bhd's Net-Net Working Capital compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Gas Malaysia Bhd ranks #999999 out of 64 companies for Net-Net Working Capital. This places Gas Malaysia Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 5.03. 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 Utilities - Regulated company?
The median Net-Net Working Capital among Utilities - Regulated companies is 5.03, based on 64 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 Gas Malaysia Bhd For the Utilities - Regulated industry, the median Net-Net Working Capital is 5.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gas Malaysia Bhd's current Net-Net Working Capital is RM-0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gas Malaysia Bhd stock overvalued right now?
Based on GuruFocus' analysis, Gas Malaysia Bhd (XKLS:5209) is currently considered Significantly Overvalued. The stock's GF Value™ is RM3.71, compared to a current price of RM5.04 — trading 35.8% above its estimated fair value. The current Net-Net Working Capital is RM-0.96. Gas Malaysia Bhd's overall GF Score™ is 76/100 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 Gas Malaysia Bhd (XKLS:5209), the current Net-Net Working Capital is RM-0.96 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 Gas Malaysia Bhd (XKLS:5209) Overvalued in 2026?
Based on GuruFocus' analysis, Gas Malaysia Bhd stock appears to be overvalued.
The current stock price of RM5.04 is trading 35.8% above its estimated GF Value™ of RM3.71.
GuruFocus considers Gas Malaysia Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5209:
Net-Net Working Capital: RM-0.96
GF Value™: RM3.71 vs. price of RM5.04 (35.8% above fair value)
No single metric tells the full story. See the XKLS:5209 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gas Malaysia Bhd is engaged in the sale, marketing, and distribution of natural gas to residential, commercial, and industrial customers, as well as the development, operation, and maintenance of the Natural Gas Distribution System (NGDS) in Peninsular Malaysia. The company segments its operations into Natural Gas & LPG and Others. Nearly all of Gas Malaysia's revenue is derived from its Natural Gas and LPG division. Its revenue is mainly derived from the sales of natural gas to industrial, commercial, and residential customers. The group sells gas to customers in various forms, namely natural gas, LPG, and CNG.
76GF Score
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