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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.
Texchem Resources Bhd's Net-Net Working Capital for the quarter that ended in Jun. 2026 was RM-2.97.
The industry rank for Texchem Resources Bhd's Net-Net Working Capital or its related term are showing as below:
XKLS:8702's Price-to-Net-Net-Working-Capital is not ranked *
in the Conglomerates industry.
Industry Median: 5.91 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Texchem Resources Bhd (XKLS:8702) 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.
Texchem Resources Bhd Net-Net Working Capital Related Terms
Texchem Resources Bhd Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Texchem 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.
Texchem Resources Bhd Net-Net Working Capital Chart
XKLS:8702 vs MMM, HON: Net-Net Working Capital Comparison
For the Conglomerates subindustry, Texchem 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.
Texchem Resources Bhd Price-to-Net-Net-Working-Capital vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Texchem Resources Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Texchem 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 RM-2.97 mean?
Texchem Resources Bhd (XKLS:8702) has a Net-Net Working Capital of RM-2.97 as of Jun. 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 Texchem Resources Bhd According to the industry distribution chart, Texchem Resources Bhd ranks #999999 out of 111 companies in the Conglomerates industry.
Is Texchem Resources Bhd's Net-Net Working Capital too high?
Texchem Resources Bhd's current Net-Net Working Capital is RM-2.97. Based on the distribution chart, Texchem Resources Bhd ranks #999999 out of 111 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Texchem Resources Bhd has a GF Score™ of 47/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Texchem Resources Bhd's Net-Net Working Capital compare to MMM and HON?
According to the Conglomerates industry distribution chart, Texchem Resources Bhd ranks #999999 out of 111 companies for Net-Net Working Capital. This places Texchem Resources Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 5.91. 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 Conglomerates company?
The median Net-Net Working Capital among Conglomerates companies is 5.91, based on 111 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 Texchem Resources Bhd For the Conglomerates industry, the median Net-Net Working Capital is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Texchem Resources Bhd's current Net-Net Working Capital is RM-2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Texchem Resources Bhd stock overvalued right now?
Based on GuruFocus' analysis, Texchem Resources Bhd (XKLS:8702) is currently considered Modestly Overvalued. The stock's GF Value™ is RM0.85, compared to a current price of RM1.06 — trading 24.7% above its estimated fair value. The current Net-Net Working Capital is RM-2.97. Texchem Resources Bhd's overall GF Score™ is 47/100 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 Texchem Resources Bhd (XKLS:8702), the current Net-Net Working Capital is RM-2.97 as of Jun. 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 Texchem Resources Bhd (XKLS:8702) Overvalued in 2026?
Based on GuruFocus' analysis, Texchem Resources Bhd stock appears to be overvalued.
The current stock price of RM1.06 is trading 24.7% above its estimated GF Value™ of RM0.85.
GuruFocus considers Texchem Resources Bhd to be Modestly Overvalued.
Key valuation signals for XKLS:8702:
Net-Net Working Capital: RM-2.97
GF Value™: RM0.85 vs. price of RM1.06 (24.7% above fair value)
No single metric tells the full story. See the XKLS:8702 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Texchem Resources Bhd is an investment holding company. The company has five reportable segments: Industrial, Polymer Engineering, Food, Venture Business and Restaurant. The products under industrial segments are plastic resins, rubber/latex chemicals, PVC resins and additives, adhesive chemicals, food ingredients, dyestuff and textile auxiliaries. The polymer division designs new polymer solutions and designs for industries such as data storage industry, semiconductor, consumer electronics and electrical, telecommunications and life science industry. The restaurant division operates restaurant brands such as sushi king, Miraku, and Hoshino Coffee. The majority of revenue is derived from the Industrial segment. Geographically, the maximum revenue is generated from Malaysia.
47GF Score
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