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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.
SHL Consolidated Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM1.94.
The industry rank for SHL Consolidated Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:6017's Price-to-Net-Net-Working-Capital is ranked better than 84.49% of 316
companies
in the Real Estate industry
Industry Median: 4.265
vs XKLS:6017: 1.19
SHL Consolidated Bhd (XKLS:6017) 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.
SHL Consolidated Bhd Net-Net Working Capital Related Terms
SHL Consolidated Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for SHL Consolidated 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.
SHL Consolidated Bhd Net-Net Working Capital Chart
XKLS:6017 vs CBRE, BEKE, JLL: Net-Net Working Capital Comparison
For the Real Estate Services subindustry, SHL Consolidated 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.
SHL Consolidated Bhd Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, SHL Consolidated Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where SHL Consolidated 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 RM1.94 mean?
SHL Consolidated Bhd (XKLS:6017) has a Net-Net Working Capital of RM1.94 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 SHL Consolidated Bhd According to the industry distribution chart, SHL Consolidated Bhd ranks #49 out of 316 companies in the Real Estate industry, placing it in the top 15.5%.
Is SHL Consolidated Bhd's Net-Net Working Capital too high?
SHL Consolidated Bhd's current Net-Net Working Capital is RM1.94. Based on the distribution chart, SHL Consolidated Bhd ranks #49 out of 316 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, SHL Consolidated Bhd has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SHL Consolidated Bhd's Net-Net Working Capital compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, SHL Consolidated Bhd ranks #49 out of 316 companies for Net-Net Working Capital. This places SHL Consolidated Bhd in the top 16% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 4.27. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.27, based on 316 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 SHL Consolidated Bhd For the Real Estate industry, the median Net-Net Working Capital is 4.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SHL Consolidated Bhd's current Net-Net Working Capital is RM1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHL Consolidated Bhd stock overvalued right now?
Based on GuruFocus' analysis, SHL Consolidated Bhd (XKLS:6017) is currently considered Significantly Overvalued. The stock's GF Value™ is RM1.06, compared to a current price of RM2.30 — trading 117% above its estimated fair value. The current Net-Net Working Capital is RM1.94. SHL Consolidated Bhd's overall GF Score™ is 61/100 with 8 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 SHL Consolidated Bhd (XKLS:6017), the current Net-Net Working Capital is RM1.94 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 SHL Consolidated Bhd (XKLS:6017) Overvalued in 2026?
Based on GuruFocus' analysis, SHL Consolidated Bhd stock appears to be overvalued.
The current stock price of RM2.30 is trading 117% above its estimated GF Value™ of RM1.06.
GuruFocus considers SHL Consolidated Bhd to be Significantly Overvalued.
Key valuation signals for XKLS:6017:
Net-Net Working Capital: RM1.94
GF Value™: RM1.06 vs. price of RM2.30 (117% above fair value)
No single metric tells the full story. See the XKLS:6017 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SHL Consolidated Bhd is an investment holding company. It is an integrated commercial and residential property development group which are also involved in granite quarrying and manufacturing of aggregates, general building construction, earthworks, infrastructure works, renting out of plant and machinery. The company's operating segment includes Investment and services; Property development; Construction; Trading; Manufacturing and Quarrying. The company generates maximum revenue from the Property development segment. Geographically, it operates only in Malaysia.
61GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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