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.
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.
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.
P.A. Resources Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was RM0.08.
The industry rank for P.A. Resources Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:7225's Price-to-Net-Net-Working-Capital is ranked better than 85.48% of 1357
companies
in the Industrial Products industry
Industry Median: 8.28
vs XKLS:7225: 2.69
P.A. Resources Bhd (XKLS:7225) 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.
P.A. Resources Bhd Net-Net Working Capital Related Terms
P.A. Resources Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for P.A. Resources 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:7225 vs CRS, ATI, MLI: Net-Net Working Capital Comparison
For the Metal Fabrication subindustry, P.A. Resources 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.
P.A. Resources Bhd Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, P.A. Resources Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where P.A. Resources 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 RM0.08 mean?
P.A. Resources Bhd (XKLS:7225) has a Net-Net Working Capital of RM0.08 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 P.A. Resources Bhd According to the industry distribution chart, P.A. Resources Bhd ranks #197 out of 1357 companies in the Industrial Products industry, placing it in the top 14.5%.
Is P.A. Resources Bhd's Net-Net Working Capital too high?
P.A. Resources Bhd's current Net-Net Working Capital is RM0.08. Based on the distribution chart, P.A. Resources Bhd ranks #197 out of 1357 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, P.A. Resources Bhd has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does P.A. Resources Bhd's Net-Net Working Capital compare to CRS and ATI?
According to the Industrial Products industry distribution chart, P.A. Resources Bhd ranks #197 out of 1357 companies for Net-Net Working Capital. This places P.A. Resources Bhd in the top 15% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.28. 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 Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.28, based on 1,357 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 P.A. Resources Bhd For the Industrial Products industry, the median Net-Net Working Capital is 8.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. P.A. Resources Bhd's current Net-Net Working Capital is RM0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is P.A. Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, P.A. Resources Bhd (XKLS:7225) is currently considered Modestly Undervalued. The stock's GF Value™ is RM0.30, compared to a current price of RM0.22 — trading 28.3% below its estimated fair value. The current Net-Net Working Capital is RM0.08. P.A. Resources Bhd's overall GF Score™ is 65/100 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 P.A. Resources Bhd (XKLS:7225), the current Net-Net Working Capital is RM0.08 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 P.A. Resources Bhd (XKLS:7225) Overvalued in 2026?
Based on GuruFocus' analysis, P.A. Resources Bhd stock appears to be undervalued.
The current stock price of RM0.22 is trading 28.3% below its estimated GF Value™ of RM0.30.
GuruFocus considers P.A. Resources Bhd to be Modestly Undervalued.
Key valuation signals for XKLS:7225:
Net-Net Working Capital: RM0.08
GF Value™: RM0.30 vs. price of RM0.22 (28.3% below fair value)
No single metric tells the full story. See the XKLS:7225 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
P.A. Resources Bhd is an aluminium extruder company that produces semi-finished aluminium products which are into aluminium smelting, producing aluminium billets. The company's operating segment includes aluminium extrusion and fabrication; aluminium billet casting and tolling; Money lending and others. It generates maximum revenue from the aluminium extrusion and fabrication segment. The company's product is used in the electrical and electronics, furniture, and consumer durables industries. Geographically, it derives a majority of its revenue from the United States of America.
65GF Score
Get the complete analysis for XKLS:7225
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XKLS:7225 has been successfully added to your 
