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.
The industry rank for International Holdings Co PJSC's Net-Net Working Capital or its related term are showing as below:
ADX:IHC's Price-to-Net-Net-Working-Capital is not ranked *
in the Conglomerates industry.
Industry Median: 5.945 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
International Holdings Co PJSC (ADX:IHC) 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.
International Holdings Co PJSC Net-Net Working Capital Related Terms
International Holdings Co PJSC 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.
International Holdings Co PJSC Net-Net Working Capital Chart
ADX:IHC vs MMM, HON: Net-Net Working Capital Comparison
For the Conglomerates subindustry, International Holdings Co PJSC'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.
International Holdings Co PJSC Price-to-Net-Net-Working-Capital vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, International Holdings Co PJSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where International Holdings Co PJSC'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.إ-42.09 mean?
International Holdings Co PJSC (ADX:IHC) has a Net-Net Working Capital of د.إ-42.09 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 International Holdings Co PJSC According to the industry distribution chart, International Holdings Co PJSC ranks #999999 out of 114 companies in the Conglomerates industry.
Is International Holdings Co PJSC's Net-Net Working Capital too high?
International Holdings Co PJSC's current Net-Net Working Capital is د.إ-42.09. Based on the distribution chart, International Holdings Co PJSC ranks #999999 out of 114 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, International Holdings Co PJSC has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does International Holdings Co PJSC's Net-Net Working Capital compare to MMM and HON?
According to the Conglomerates industry distribution chart, International Holdings Co PJSC ranks #999999 out of 114 companies for Net-Net Working Capital. This places International Holdings Co PJSC in the lower half of its industry. The industry median Net-Net Working Capital is 5.95. 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 5.95, based on 114 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 International Holdings Co PJSC For the Conglomerates industry, the median Net-Net Working Capital is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. International Holdings Co PJSC's current Net-Net Working Capital is د.إ-42.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is International Holdings Co PJSC stock overvalued right now?
Based on GuruFocus' analysis, International Holdings Co PJSC (ADX:IHC) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ603.25, compared to a current price of د.إ379.00 — trading 37.2% below its estimated fair value. The current Net-Net Working Capital is د.إ-42.09. International Holdings Co PJSC's overall GF Score™ is 91/100 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 International Holdings Co PJSC (ADX:IHC), the current Net-Net Working Capital is د.إ-42.09 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 International Holdings Co PJSC (ADX:IHC) Overvalued in 2026?
Based on GuruFocus' analysis, International Holdings Co PJSC stock appears to be undervalued.
The current stock price of د.إ379.00 is trading 37.2% below its estimated GF Value™ of د.إ603.25.
GuruFocus considers International Holdings Co PJSC to be Significantly Undervalued.
Key valuation signals for ADX:IHC:
Net-Net Working Capital: د.إ-42.09
GF Value™: د.إ603.25 vs. price of د.إ379.00 (37.2% below fair value)
No single metric tells the full story. See the ADX:IHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
International Holdings Co PJSC is a United Arab Emirates-based public joint stock company. The group, along with its subsidiaries, is engaged in management services and investing in diversified projects; trading and importing of food items; the sale of poultry products, and others. The company is organized into business segments as follows: Real estate and construction, Food, Technology, Financial services, Marine and dredging, Hospitality and leisure, Energy, Services, and other segments. It generates the majority of its revenue from the Real estate and construction segment.
91GF Score
Get the complete analysis for ADX:IHC
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
ADX:IHC has been successfully added to your 
