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ASTEEL Group BhdXKLS:7020 Net-Net Working Capital is RM-0.15 as of Mar. 2026. The stock has 7 warning signs investors should review. Among 175 Steel companies, ASTEEL Group Bhd ranks worse than 571428% 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.
ASTEEL Group Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM-0.15.
The industry rank for ASTEEL Group Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:7020's Price-to-Net-Net-Working-Capital is not ranked *
in the Steel industry.
Industry Median: 4.59 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
ASTEEL Group Bhd (XKLS:7020) 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.
ASTEEL Group Bhd Net-Net Working Capital Related Terms
ASTEEL Group Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for ASTEEL Group 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:7020 vs NUE, STLD, RS: Net-Net Working Capital Comparison
For the Steel subindustry, ASTEEL Group 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.
ASTEEL Group Bhd Price-to-Net-Net-Working-Capital vs Steel Industry
For the Steel industry and Basic Materials sector, ASTEEL Group Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ASTEEL Group 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-0.15 mean?
ASTEEL Group Bhd (XKLS:7020) has a Net-Net Working Capital of RM-0.15 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 ASTEEL Group Bhd According to the industry distribution chart, ASTEEL Group Bhd ranks #999999 out of 175 companies in the Steel industry.
Is ASTEEL Group Bhd's Net-Net Working Capital too high?
ASTEEL Group Bhd's current Net-Net Working Capital is RM-0.15. Based on the distribution chart, ASTEEL Group Bhd ranks #999999 out of 175 companies in the Steel industry, which is in the bottom quartile relative to peers.
How does ASTEEL Group Bhd's Net-Net Working Capital compare to NUE and STLD?
According to the Steel industry distribution chart, ASTEEL Group Bhd ranks #999999 out of 175 companies for Net-Net Working Capital. This places ASTEEL Group Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 4.59. 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 Steel company?
The median Net-Net Working Capital among Steel companies is 4.59, based on 175 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 ASTEEL Group Bhd For the Steel industry, the median Net-Net Working Capital is 4.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASTEEL Group Bhd's current Net-Net Working Capital is RM-0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASTEEL Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, ASTEEL Group Bhd (XKLS:7020) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.09, compared to a current price of RM0.08 — trading 16.7% below its estimated fair value. The current Net-Net Working Capital is RM-0.15. 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 ASTEEL Group Bhd (XKLS:7020), the current Net-Net Working Capital is RM-0.15 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.
ASTEEL Group Bhd specializes in steel roofing and structure design and building, and focuses on the downstream industry for other building and construction materials. It is involved in the manufacturing of coated steel products and processing of metal roofing, wall cladding & fencing, metal floor decking, light gauge structural components, purlins, and framing systems under the brands ASTEEL and ASTAR. The firm operates in two segments: ARSB and STARSHINE. The ARSB segment that generates the majority of its revenue, engages in manufacturing and selling coated steel products and downstream roofing products, trading of hardware and building materials in Sabah and Sarawak, East Malaysia.
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