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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.
Velesto Energy Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM0.02.
The industry rank for Velesto Energy Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:5243's Price-to-Net-Net-Working-Capital is ranked worse than 68.59% of 191
companies
in the Oil & Gas industry
Industry Median: 6
vs XKLS:5243: 12.75
Velesto Energy Bhd (XKLS:5243) 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.
Velesto Energy Bhd Net-Net Working Capital Related Terms
Velesto Energy Bhd Net-Net Working Capital Historical Data
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The historical data trend for Velesto Energy 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:5243 vs NE, RIG, VAL: Net-Net Working Capital Comparison
For the Oil & Gas Drilling subindustry, Velesto Energy 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.
Velesto Energy Bhd Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Velesto Energy Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Velesto Energy 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 RM0.02 mean?
Velesto Energy Bhd (XKLS:5243) has a Net-Net Working Capital of RM0.02 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 Velesto Energy Bhd According to the industry distribution chart, Velesto Energy Bhd ranks #131 out of 191 companies in the Oil & Gas industry, placing it in the top 68.6%.
Is Velesto Energy Bhd's Net-Net Working Capital too high?
Velesto Energy Bhd's current Net-Net Working Capital is RM0.02. Based on the distribution chart, Velesto Energy Bhd ranks #131 out of 191 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Velesto Energy Bhd has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Velesto Energy Bhd's Net-Net Working Capital compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Velesto Energy Bhd ranks #131 out of 191 companies for Net-Net Working Capital. This places Velesto Energy Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.00. 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 6.00, based on 191 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 Velesto Energy Bhd For the Oil & Gas industry, the median Net-Net Working Capital is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Velesto Energy Bhd's current Net-Net Working Capital is RM0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Velesto Energy Bhd stock overvalued right now?
Based on GuruFocus' analysis, Velesto Energy Bhd (XKLS:5243) is currently considered Significantly Overvalued. The stock's GF Value™ is RM0.18, compared to a current price of RM0.26 — trading 41.7% above its estimated fair value. The current Net-Net Working Capital is RM0.02. Velesto Energy Bhd's overall GF Score™ is 57/100 with 3 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 Velesto Energy Bhd (XKLS:5243), the current Net-Net Working Capital is RM0.02 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 Velesto Energy Bhd (XKLS:5243) Overvalued in 2026?
Based on GuruFocus' analysis, Velesto Energy Bhd stock appears to be overvalued.
The current stock price of RM0.26 is trading 41.7% above its estimated GF Value™ of RM0.18.
GuruFocus considers Velesto Energy Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:5243:
Net-Net Working Capital: RM0.02
GF Value™: RM0.18 vs. price of RM0.26 (41.7% above fair value)
No single metric tells the full story. See the XKLS:5243 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Velesto Energy Bhd is a Malaysia-based company that provides services to the oil and gas industry. It is engaged in the provision of drilling services for exploration, development, and production wells and workover services to the upstream sector of the oil and gas industry. It is also engaged in the provision of threading, inspection, and repair services for Oil Country Tubular Goods in Malaysia and overseas. The company operates under two segments, namely drilling services and others. The company has a geographical presence in Malaysia and other countries.
57GF Score
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