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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.
The industry rank for Gulf Medical Projects Co PSC's Net-Net Working Capital or its related term are showing as below:
ADX:GMPC's Price-to-Net-Net-Working-Capital is ranked worse than 87.96% of 191
companies
in the Healthcare Providers & Services industry
Industry Median: 7.67
vs ADX:GMPC: 33.86
Gulf Medical Projects Co PSC (ADX:GMPC) 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.
Gulf Medical Projects Co PSC Net-Net Working Capital Related Terms
Gulf Medical Projects Co PSC 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.
Gulf Medical Projects Co PSC Net-Net Working Capital Chart
ADX:GMPC vs HCA, THC, DVA: Net-Net Working Capital Comparison
For the Medical Care Facilities subindustry, Gulf Medical Projects Co PSC'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.
Gulf Medical Projects Co PSC Price-to-Net-Net-Working-Capital vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Gulf Medical Projects Co PSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Gulf Medical Projects Co PSC'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 د.إ0.07 mean?
Gulf Medical Projects Co PSC (ADX:GMPC) has a Net-Net Working Capital of د.إ0.07 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 Gulf Medical Projects Co PSC According to the industry distribution chart, Gulf Medical Projects Co PSC ranks #168 out of 191 companies in the Healthcare Providers & Services industry, placing it in the top 88%.
Is Gulf Medical Projects Co PSC's Net-Net Working Capital too high?
Gulf Medical Projects Co PSC's current Net-Net Working Capital is د.إ0.07. Based on the distribution chart, Gulf Medical Projects Co PSC ranks #168 out of 191 companies in the Healthcare Providers & Services industry, which is in the bottom quartile relative to peers. Overall, Gulf Medical Projects Co PSC has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gulf Medical Projects Co PSC's Net-Net Working Capital compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Gulf Medical Projects Co PSC ranks #168 out of 191 companies for Net-Net Working Capital. This places Gulf Medical Projects Co PSC in the lower half of its industry. The industry median Net-Net Working Capital is 7.67. 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 Healthcare Providers & Services company?
The median Net-Net Working Capital among Healthcare Providers & Services companies is 7.67, based on 191 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 Gulf Medical Projects Co PSC For the Healthcare Providers & Services industry, the median Net-Net Working Capital is 7.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gulf Medical Projects Co PSC's current Net-Net Working Capital is د.إ0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gulf Medical Projects Co PSC stock overvalued right now?
Based on GuruFocus' analysis, Gulf Medical Projects Co PSC (ADX:GMPC) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.83, compared to a current price of د.إ2.37 — trading 16.3% below its estimated fair value. The current Net-Net Working Capital is د.إ0.07. Gulf Medical Projects Co PSC's overall GF Score™ is 72/100 with 4 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 Gulf Medical Projects Co PSC (ADX:GMPC), the current Net-Net Working Capital is د.إ0.07 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 Gulf Medical Projects Co PSC (ADX:GMPC) Overvalued in 2026?
Based on GuruFocus' analysis, Gulf Medical Projects Co PSC stock appears to be undervalued.
The current stock price of د.إ2.37 is trading 16.3% below its estimated GF Value™ of د.إ2.83.
GuruFocus considers Gulf Medical Projects Co PSC to be Modestly Undervalued.
Key valuation signals for ADX:GMPC:
Net-Net Working Capital: د.إ0.07
GF Value™: د.إ2.83 vs. price of د.إ2.37 (16.3% below fair value)
No single metric tells the full story. See the ADX:GMPC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gulf Medical Projects Co PSC provides medical and healthcare facilities. The company's main activities include general hospital, hospitals management, construction of medicine product factories and trading in medical equipment. Company has two reportable segments namely, Health services and others principally providing health, medical care and other related services and the Investments segment concerned with investment properties and investment in securities. Geographically, the company operates in the UAE market.
72GF Score
Get the complete analysis for ADX:GMPC
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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