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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.
XKLS:9237's Price-to-Net-Net-Working-Capital is not ranked *
in the Building Materials industry.
Industry Median: 7.44 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Sarawak Consolidated Industries Bhd (XKLS:9237) 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.
Sarawak Consolidated Industries Bhd Net-Net Working Capital Related Terms
Sarawak Consolidated Industries Bhd Net-Net Working Capital Historical Data
* 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.
Sarawak Consolidated Industries Bhd Net-Net Working Capital Chart
XKLS:9237 vs CRH, VMC, MLM: Net-Net Working Capital Comparison
For the Building Materials subindustry, Sarawak Consolidated 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.
Sarawak Consolidated Industries Bhd Price-to-Net-Net-Working-Capital vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Sarawak Consolidated Industries Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sarawak Consolidated Industries 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-0.22 mean?
Sarawak Consolidated Industries Bhd (XKLS:9237) has a Net-Net Working Capital of RM-0.22 as of Dec. 2025. 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 Sarawak Consolidated Industries Bhd According to the industry distribution chart, Sarawak Consolidated Industries Bhd ranks #999999 out of 103 companies in the Building Materials industry.
Is Sarawak Consolidated Industries Bhd's Net-Net Working Capital too high?
Sarawak Consolidated Industries Bhd's current Net-Net Working Capital is RM-0.22. Based on the distribution chart, Sarawak Consolidated Industries Bhd ranks #999999 out of 103 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Sarawak Consolidated Industries Bhd has a GF Score™ of 30/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sarawak Consolidated Industries Bhd's Net-Net Working Capital compare to CRH and VMC?
According to the Building Materials industry distribution chart, Sarawak Consolidated Industries Bhd ranks #999999 out of 103 companies for Net-Net Working Capital. This places Sarawak Consolidated Industries Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 7.44. 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 Building Materials company?
The median Net-Net Working Capital among Building Materials companies is 7.44, based on 103 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 Sarawak Consolidated Industries Bhd For the Building Materials industry, the median Net-Net Working Capital is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sarawak Consolidated Industries Bhd's current Net-Net Working Capital is RM-0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sarawak Consolidated Industries Bhd stock overvalued right now?
Based on GuruFocus' analysis, Sarawak Consolidated Industries Bhd (XKLS:9237) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.18, compared to a current price of RM0.12 — trading 36.1% below its estimated fair value. The current Net-Net Working Capital is RM-0.22. Sarawak Consolidated Industries Bhd's overall GF Score™ is 30/100 with 7 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 Sarawak Consolidated Industries Bhd (XKLS:9237), the current Net-Net Working Capital is RM-0.22 as of Dec. 2025. 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 Sarawak Consolidated Industries Bhd (XKLS:9237) Overvalued in 2026?
Based on GuruFocus' analysis, Sarawak Consolidated Industries Bhd stock appears to be undervalued.
The current stock price of RM0.12 is trading 36.1% below its estimated GF Value™ of RM0.18.
GuruFocus considers Sarawak Consolidated Industries Bhd to be Possible Value Trap.
Key valuation signals for XKLS:9237:
Net-Net Working Capital: RM-0.22
GF Value™: RM0.18 vs. price of RM0.12 (36.1% below fair value)
No single metric tells the full story. See the XKLS:9237 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sarawak Consolidated Industries Bhd is an investment holding company. It is principally engaged in, provision of management services, engineering, procurement, construction and commissioning (EPCC). It has five reportable segments Corporate Segment, Manufacturing Segment, Property Trading Segment, Construction/EPCC Segment/Project Management Segment, and Others. The company generates revenue from Construction/EPCC Segment/Project Management segment involved in the supply and installation of industrialised building components, engineering, procurement, construction and commissioning which includes, among others, piping system, process control and instrumentation, equipment installation, road construction/ maintenance and other related services. The Group operates predominantly in Malaysia.
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