Kossan Rubber Industries Bhd (XKLS:7153) Net-Net Working Capital: RM0.63 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKLS:7153 Kossan Rubber Industries Bhd XKLS:7153
72 GF Score
Price RM1.02
GF Value RM1.67
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Kossan Rubber Industries Bhd Net-Net Working Capital?

Kossan Rubber Industries Bhd XKLS:7153 72 Net-Net Working Capital is RM0.63 as of Mar. 2026. GuruFocus rates XKLS:7153 with a GF Score™ of 72/100 and a GF Value™ of RM1.67 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 420 Medical Devices & Instruments companies, Kossan Rubber Industries Bhd ranks better than 92.86% 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.

Kossan Rubber Industries Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM0.63.

The industry rank for Kossan Rubber Industries Bhd's Net-Net Working Capital or its related term are showing as below:

XKLS:7153's Price-to-Net-Net-Working-Capital is ranked better than
92.86% of 420 companies
in the Medical Devices & Instruments industry
Industry Median: 6.825 vs XKLS:7153: 1.62

Kossan Rubber Industries Bhd  (XKLS:7153) 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.


Kossan Rubber Industries Bhd Net-Net Working Capital Related Terms


Kossan Rubber Industries Bhd Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Kossan Rubber Industries 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.

Kossan Rubber Industries Bhd Net-Net Working Capital Chart

Kossan Rubber Industries Bhd Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.77 0.79 0.62 0.60

Kossan Rubber Industries Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.63 0.59 0.60 0.63

XKLS:7153 vs ISRG, BDX, MDLN: Net-Net Working Capital Comparison

For the Medical Instruments & Supplies subindustry, Kossan Rubber Industries 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.


Kossan Rubber Industries Bhd Price-to-Net-Net-Working-Capital vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Kossan Rubber Industries Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Kossan Rubber Industries Bhd's Price-to-Net-Net-Working-Capital falls into.


XKLS:7153
72GF Score
Kossan Rubber Industries Bhd XKLS:7153
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kossan Rubber Industries Bhd Net-Net Working Capital Calculation

Kossan Rubber Industries Bhd's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1588.11+0.75 * 231.003+0.5 * 261.481-359.308
-0-22.789)/2528.403
=0.60

Kossan Rubber Industries Bhd's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1660.845+0.75 * 263.288+0.5 * 251.37-361.605
-0-23.035)/2522.046
=0.63

* 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 RM0.63 mean?
Kossan Rubber Industries Bhd (XKLS:7153) has a Net-Net Working Capital of RM0.63 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 Kossan Rubber Industries Bhd According to the industry distribution chart, Kossan Rubber Industries Bhd ranks #30 out of 420 companies in the Medical Devices & Instruments industry, placing it in the top 7.1%.
Is Kossan Rubber Industries Bhd's Net-Net Working Capital too high?
Kossan Rubber Industries Bhd's current Net-Net Working Capital is RM0.63. Based on the distribution chart, Kossan Rubber Industries Bhd ranks #30 out of 420 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Kossan Rubber Industries Bhd has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kossan Rubber Industries Bhd's Net-Net Working Capital compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Kossan Rubber Industries Bhd ranks #30 out of 420 companies for Net-Net Working Capital. This places Kossan Rubber Industries Bhd in the top 7% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.83. 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 Medical Devices & Instruments company?
The median Net-Net Working Capital among Medical Devices & Instruments companies is 6.83, based on 420 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 Kossan Rubber Industries Bhd For the Medical Devices & Instruments industry, the median Net-Net Working Capital is 6.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kossan Rubber Industries Bhd's current Net-Net Working Capital is RM0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kossan Rubber Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Kossan Rubber Industries Bhd (XKLS:7153) is currently considered Significantly Undervalued. The stock's GF Value™ is RM1.67, compared to a current price of RM1.02 — trading 38.9% below its estimated fair value. The current Net-Net Working Capital is RM0.63. Kossan Rubber Industries Bhd's overall GF Score™ is 72/100 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 Kossan Rubber Industries Bhd (XKLS:7153), the current Net-Net Working Capital is RM0.63 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 Kossan Rubber Industries Bhd (XKLS:7153) Overvalued in 2026?

Based on GuruFocus' analysis, Kossan Rubber Industries Bhd stock appears to be undervalued. The current stock price of RM1.02 is trading 38.9% below its estimated GF Value™ of RM1.67. GuruFocus considers Kossan Rubber Industries Bhd to be Significantly Undervalued.

Key valuation signals for XKLS:7153:

  • Net-Net Working Capital: RM0.63
  • GF Value™: RM1.67 vs. price of RM1.02 (38.9% below fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the XKLS:7153 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kossan Rubber Industries Bhd Business Description

Other Exchanges KSRBF:USA
Address No. 6D, Persiaran Setia Dagang, Kossan Tower, Setia Alam, Seksyen U13, Selangor Darul Ehsan, Shah Alam, SGR, MYS, 40170
Kossan Rubber Industries Bhd manufactures industrial rubber products and disposable latex gloves. The firm's segments are: Technical Rubber Products, Gloves, Cleanroom Products, and Others. The Gloves segment generates the majority of revenue. The Technical Rubber Products business manufactures and distributes high technical input rubber products. The Gloves business manufactures medical-grade examination gloves and specialty gloves for healthcare and industrial applications. The Cleanroom Products business sells rubber products that can be used in cleanrooms. The majority of Kossan Rubber's revenue is generated from Malaysia, while it also has its presence outside Malaysia.
72GF Score

Get the complete analysis for XKLS:7153

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

RM1.02
Price
RM1.67
GF Value