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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.
Master-Pack Group Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM1.50.
The industry rank for Master-Pack Group Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:7029's Price-to-Net-Net-Working-Capital is ranked better than 93.75% of 128
companies
in the Packaging & Containers industry
Industry Median: 5.33
vs XKLS:7029: 1.16
Master-Pack Group Bhd (XKLS:7029) 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.
Master-Pack Group Bhd Net-Net Working Capital Related Terms
Master-Pack Group Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Master-Pack 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.
Master-Pack Group Bhd Net-Net Working Capital Chart
XKLS:7029 vs SW, PKG, IP: Net-Net Working Capital Comparison
For the Packaging & Containers subindustry, Master-Pack 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.
Master-Pack Group Bhd Price-to-Net-Net-Working-Capital vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Master-Pack Group Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Master-Pack 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 RM1.50 mean?
Master-Pack Group Bhd (XKLS:7029) has a Net-Net Working Capital of RM1.50 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 Master-Pack Group Bhd According to the industry distribution chart, Master-Pack Group Bhd ranks #8 out of 128 companies in the Packaging & Containers industry, placing it in the top 6.2%.
Is Master-Pack Group Bhd's Net-Net Working Capital too high?
Master-Pack Group Bhd's current Net-Net Working Capital is RM1.50. Based on the distribution chart, Master-Pack Group Bhd ranks #8 out of 128 companies in the Packaging & Containers industry, which is in the top quartile — a strong position relative to peers. Overall, Master-Pack Group Bhd has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Master-Pack Group Bhd's Net-Net Working Capital compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Master-Pack Group Bhd ranks #8 out of 128 companies for Net-Net Working Capital. This places Master-Pack Group Bhd in the top 6% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 5.33. 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 Packaging & Containers company?
The median Net-Net Working Capital among Packaging & Containers companies is 5.33, based on 128 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 Master-Pack Group Bhd For the Packaging & Containers industry, the median Net-Net Working Capital is 5.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Master-Pack Group Bhd's current Net-Net Working Capital is RM1.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Master-Pack Group Bhd stock overvalued right now?
Based on GuruFocus' analysis, Master-Pack Group Bhd (XKLS:7029) is currently considered Fairly Valued. The stock's GF Value™ is RM1.76, compared to a current price of RM1.74 — trading 1.1% below its estimated fair value. The current Net-Net Working Capital is RM1.50. Master-Pack Group Bhd's overall GF Score™ is 73/100 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 Master-Pack Group Bhd (XKLS:7029), the current Net-Net Working Capital is RM1.50 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 Master-Pack Group Bhd (XKLS:7029) Overvalued in 2026?
Based on GuruFocus' analysis, Master-Pack Group Bhd stock appears to be undervalued.
The current stock price of RM1.74 is trading 1.1% below its estimated GF Value™ of RM1.76.
GuruFocus considers Master-Pack Group Bhd to be Fairly Valued.
Key valuation signals for XKLS:7029:
Net-Net Working Capital: RM1.50
GF Value™: RM1.76 vs. price of RM1.74 (1.1% below fair value)
No single metric tells the full story. See the XKLS:7029 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Master-Pack Group Bhd is an investment holding company. The core activities of the company are the manufacture and sale of corrugated fibreboard cartons and packaging materials. Some of the products are sheet board, slotted type, telescope type, folder type, die-cut products, interior fitments, palletized shipping containers, and other packaging materials. Its customers are from different industries, namely Solar Equipment Manufacturers, Electrical and Electronics, Food and Beverages, Automotive, Chemicals, Medical, and others. Geographically, it operates in Malaysia, Vietnam, and other countries, with Malaysia generating the highest revenue.
73GF 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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