Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) Scaled Net Operating Assets: 0.64 (As of Mar. 2026)


XKLS:5098 Malaysia Steel Works (KL) Bhd Shs XKLS:5098
42 GF Score
Price RM0.23
GF Value RM0.40
Valuation Possible Value Trap
! 7 Warning Signs
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What is Malaysia Steel Works (KL) Bhd Shs Scaled Net Operating Assets?

Malaysia Steel Works (KL) Bhd Shs XKLS:5098 -2.17% 42 Scaled Net Operating Assets is 0.64 as of Mar. 2026. GuruFocus rates XKLS:5098 with a GF Score™ of 42/100 and a GF Value™ of RM0.40 (Possible Value Trap). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Malaysia Steel Works (KL) Bhd Shs's operating assets for the quarter that ended in Mar. 2026 was RM2,496 Mil. Malaysia Steel Works (KL) Bhd Shs's operating liabilities for the quarter that ended in Mar. 2026 was RM839 Mil. Malaysia Steel Works (KL) Bhd Shs's Total Assets for the quarter that ended in Dec. 2025 was RM2,605 Mil. Therefore, Malaysia Steel Works (KL) Bhd Shs's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.64.


Malaysia Steel Works (KL) Bhd Shs Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Malaysia Steel Works (KL) Bhd Shs's Scaled Net Operating Assets 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.

Malaysia Steel Works (KL) Bhd Shs Scaled Net Operating Assets Chart

Malaysia Steel Works (KL) Bhd Shs Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.73 0.74 0.73 0.78 0.69

Malaysia Steel Works (KL) Bhd Shs Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.68 0.66 0.68 0.63 0.64

XKLS:5098 vs NUE, STLD, RS: Scaled Net Operating Assets Comparison

For the Steel subindustry, Malaysia Steel Works (KL) Bhd Shs's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.


Malaysia Steel Works (KL) Bhd Shs Scaled Net Operating Assets vs Steel Industry

For the Steel industry and Basic Materials sector, Malaysia Steel Works (KL) Bhd Shs's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Malaysia Steel Works (KL) Bhd Shs's Scaled Net Operating Assets falls into.


XKLS:5098
42GF Score
Malaysia Steel Works (KL) Bhd Shs XKLS:5098
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Malaysia Steel Works (KL) Bhd Shs Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Malaysia Steel Works (KL) Bhd Shs's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(2483.661-909.999)/2273.186
=0.69

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2604.546 - 120.885
=2483.661

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1613.681 - 73.309 - 630.373
=909.999

Malaysia Steel Works (KL) Bhd Shs's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2495.823-839.109)/2604.546
=0.64

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2581.018 - 85.195
=2495.823

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1589.345 - 117.4 - 632.836
=839.109

* 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.

What does a Scaled Net Operating Assets of 0.64 mean?
Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) has a Scaled Net Operating Assets of 0.64 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Malaysia Steel Works (KL) Bhd Shs and its competitors.
Is Malaysia Steel Works (KL) Bhd Shs' Scaled Net Operating Assets too high?
Malaysia Steel Works (KL) Bhd Shs' current Scaled Net Operating Assets is 0.64. Overall, Malaysia Steel Works (KL) Bhd Shs has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Malaysia Steel Works (KL) Bhd Shs' Scaled Net Operating Assets compare to NUE and STLD?
Malaysia Steel Works (KL) Bhd Shs' Scaled Net Operating Assets of 0.64 can be compared against companies in the Steel industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Steel company?
A good Scaled Net Operating Assets depends on the Steel industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Malaysia Steel Works (KL) Bhd Shs and its competitors. Malaysia Steel Works (KL) Bhd Shs's current Scaled Net Operating Assets is 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malaysia Steel Works (KL) Bhd Shs stock overvalued right now?
Based on GuruFocus' analysis, Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) is currently considered Possible Value Trap. The stock's GF Value™ is RM0.40, compared to a current price of RM0.23 — trading 43.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.64. Malaysia Steel Works (KL) Bhd Shs' overall GF Score™ is 42/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Malaysia Steel Works (KL) Bhd Shs (XKLS:5098), the current Scaled Net Operating Assets is 0.64 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 Malaysia Steel Works (KL) Bhd Shs (XKLS:5098) Overvalued in 2026?

Based on GuruFocus' analysis, Malaysia Steel Works (KL) Bhd Shs stock appears to be undervalued. The current stock price of RM0.23 is trading 43.8% below its estimated GF Value™ of RM0.40. GuruFocus considers Malaysia Steel Works (KL) Bhd Shs to be Possible Value Trap.

Key valuation signals for XKLS:5098:

  • Scaled Net Operating Assets: 0.64
  • GF Value™: RM0.40 vs. price of RM0.23 (43.8% below fair value)
  • GF Score™: 42/100 with 7 warning signs

No single metric tells the full story. See the XKLS:5098 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Malaysia Steel Works (KL) Bhd Shs Business Description

Address Wisma Masteel, Lot 29C, Off Jalan Tandang, Section 51, Petaling Jaya, SGR, MYS, 46050
Malaysia Steel Works (KL) Bhd Shs engages in the manufacturing and marketing of high tensile steel bars, mild steel bars, and prime steel billets. These steel products are used in construction and infrastructure works. The company is organized in one business segment which is the Manufacturing of steel bars and billets. Geographically, the group has a business presence in Malaysia and Outside Malaysia, of which prime revenue is derived from Malaysia.
42GF Score

Get the complete analysis for XKLS:5098

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

RM0.23
Price
RM0.40
GF Value