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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.
Globaltec Formation Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM-0.08.
The industry rank for Globaltec Formation Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5220's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.21 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Globaltec Formation Bhd (XKLS:5220) 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.
Globaltec Formation Bhd Net-Net Working Capital Related Terms
Globaltec Formation Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Globaltec Formation 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.
Globaltec Formation Bhd Net-Net Working Capital Chart
XKLS:5220 vs ORLY, AZO: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Globaltec Formation 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.
Globaltec Formation Bhd Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Globaltec Formation Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Globaltec Formation 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-0.08 mean?
Globaltec Formation Bhd (XKLS:5220) has a Net-Net Working Capital of RM-0.08 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 Globaltec Formation Bhd According to the industry distribution chart, Globaltec Formation Bhd ranks #999999 out of 358 companies in the Vehicles & Parts industry.
Is Globaltec Formation Bhd's Net-Net Working Capital too high?
Globaltec Formation Bhd's current Net-Net Working Capital is RM-0.08. Based on the distribution chart, Globaltec Formation Bhd ranks #999999 out of 358 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Globaltec Formation Bhd has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Globaltec Formation Bhd's Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Globaltec Formation Bhd ranks #999999 out of 358 companies for Net-Net Working Capital. This places Globaltec Formation Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 7.21. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 7.21, based on 358 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 Globaltec Formation Bhd For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Globaltec Formation Bhd's current Net-Net Working Capital is RM-0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Globaltec Formation Bhd stock overvalued right now?
Based on GuruFocus' analysis, Globaltec Formation Bhd (XKLS:5220) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.40, compared to a current price of RM0.97 — trading 142.5% above its estimated fair value. The current Net-Net Working Capital is RM-0.08. Globaltec Formation Bhd's overall GF Score™ is 40/100 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 Globaltec Formation Bhd (XKLS:5220), the current Net-Net Working Capital is RM-0.08 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 Globaltec Formation Bhd (XKLS:5220) Overvalued in 2026?
Based on GuruFocus' analysis, Globaltec Formation Bhd stock appears to be overvalued.
The current stock price of RM0.97 is trading 142.5% above its estimated GF Value™ of RM0.40.
GuruFocus considers Globaltec Formation Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5220:
Net-Net Working Capital: RM-0.08
GF Value™: RM0.40 vs. price of RM0.97 (142.5% above fair value)
No single metric tells the full story. See the XKLS:5220 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Globaltec Formation Bhd is an auto parts manufacturer. Its business is divided into four reportable segments, namely Integrated Manufacturing Services (IMS), Resources, Energy, and Investment Holding. The IMS segment deals with designing and manufacturing automotive components, and it also consists of the precision machining, stamping, and tooling arm and the semiconductor division. The Resources segment includes the oil palm plantation and coal mining divisions. The Energy segment includes oil and gas exploration, production, and services. Lastly, the Investment Holding segment manages the company's investments in subsidiaries. The company generates the majority of its revenue from the IMS segment. Geographically, it derives key revenue from Malaysia.
40GF Score
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