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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.
The industry rank for KLCC Property & Holdings Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5235SS's Price-to-Net-Net-Working-Capital is not ranked *
in the REITs industry.
Industry Median: 17.27 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
KLCC Property & Holdings Bhd (XKLS:5235SS) 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.
KLCC Property & Holdings Bhd Net-Net Working Capital Related Terms
KLCC Property & Holdings Bhd Net-Net Working Capital Historical Data
* 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.
KLCC Property & Holdings Bhd Net-Net Working Capital Chart
XKLS:5235SS vs VICI, WPC, BNL: Net-Net Working Capital Comparison
For the REIT - Diversified subindustry, KLCC Property & Holdings 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.
KLCC Property & Holdings Bhd Price-to-Net-Net-Working-Capital vs REITs Industry
For the REITs industry and Real Estate sector, KLCC Property & Holdings Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where KLCC Property & Holdings 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-1.99 mean?
KLCC Property & Holdings Bhd (XKLS:5235SS) has a Net-Net Working Capital of RM-1.99 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 KLCC Property & Holdings Bhd According to the industry distribution chart, KLCC Property & Holdings Bhd ranks #999999 out of 111 companies in the REITs industry.
Is KLCC Property & Holdings Bhd's Net-Net Working Capital too high?
KLCC Property & Holdings Bhd's current Net-Net Working Capital is RM-1.99. Based on the distribution chart, KLCC Property & Holdings Bhd ranks #999999 out of 111 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, KLCC Property & Holdings Bhd has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does KLCC Property & Holdings Bhd's Net-Net Working Capital compare to VICI and WPC?
According to the REITs industry distribution chart, KLCC Property & Holdings Bhd ranks #999999 out of 111 companies for Net-Net Working Capital. This places KLCC Property & Holdings Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 17.27. 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 REITs company?
The median Net-Net Working Capital among REITs companies is 17.27, based on 111 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 KLCC Property & Holdings Bhd For the REITs industry, the median Net-Net Working Capital is 17.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KLCC Property & Holdings Bhd's current Net-Net Working Capital is RM-1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KLCC Property & Holdings Bhd stock overvalued right now?
Based on GuruFocus' analysis, KLCC Property & Holdings Bhd (XKLS:5235SS) is currently considered Fairly Valued. The stock's GF Value™ is RM8.44, compared to a current price of RM8.72 — trading 3.3% above its estimated fair value. The current Net-Net Working Capital is RM-1.99. KLCC Property & Holdings Bhd's overall GF Score™ is 85/100 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 KLCC Property & Holdings Bhd (XKLS:5235SS), the current Net-Net Working Capital is RM-1.99 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 KLCC Property & Holdings Bhd (XKLS:5235SS) Overvalued in 2026?
Based on GuruFocus' analysis, KLCC Property & Holdings Bhd stock appears to be overvalued.
The current stock price of RM8.72 is trading 3.3% above its estimated GF Value™ of RM8.44.
GuruFocus considers KLCC Property & Holdings Bhd to be Fairly Valued.
Key valuation signals for XKLS:5235SS:
Net-Net Working Capital: RM-1.99
GF Value™: RM8.44 vs. price of RM8.72 (3.3% above fair value)
No single metric tells the full story. See the XKLS:5235SS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KLCC Property & Holdings Bhd is a real estate investment company engaged in the ownership, management, and redevelopment of office and retail space in Malaysia. Its property portfolio consists of offices, retail, and hotels. Through its subsidiaries, it also provides facility management services and car parking management services. Its segments are Property investment-Office, which generates maximum revenue, offers rental of office spaces; Property investment-Retail providing rental of retail spaces; Hotel operations providing rental of hotel rooms, the sale of food and beverages and other related activities; and Management services engaged in car park operations, management of a real estate investment trust and general management services. The group geographically operates in Malaysia.
85GF Score
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