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.
AMM:ICAG's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 6.76 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Industrial Commercial and Agricultural Co (AMM:ICAG) 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.
Industrial Commercial and Agricultural Co Net-Net Working Capital Related Terms
Industrial Commercial and Agricultural Co 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.
Industrial Commercial and Agricultural Co Net-Net Working Capital Chart
Industrial Commercial and Agricultural Co Annual Data
AMM:ICAG vs PG, CL, KVUE: Net-Net Working Capital Comparison
For the Household & Personal Products subindustry, Industrial Commercial and Agricultural Co'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.
Industrial Commercial and Agricultural Co Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Industrial Commercial and Agricultural Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Industrial Commercial and Agricultural Co'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 JOD-0.01 mean?
Industrial Commercial and Agricultural Co (AMM:ICAG) has a Net-Net Working Capital of JOD-0.01 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 Industrial Commercial and Agricultural Co According to the industry distribution chart, Industrial Commercial and Agricultural Co ranks #999999 out of 659 companies in the Consumer Packaged Goods industry.
Is Industrial Commercial and Agricultural Co's Net-Net Working Capital too high?
Industrial Commercial and Agricultural Co's current Net-Net Working Capital is JOD-0.01. Based on the distribution chart, Industrial Commercial and Agricultural Co ranks #999999 out of 659 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Industrial Commercial and Agricultural Co has a GF Score™ of 47/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Industrial Commercial and Agricultural Co's Net-Net Working Capital compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Industrial Commercial and Agricultural Co ranks #999999 out of 659 companies for Net-Net Working Capital. This places Industrial Commercial and Agricultural Co in the lower half of its industry. The industry median Net-Net Working Capital is 6.76. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.76, based on 659 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 Industrial Commercial and Agricultural Co For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial Commercial and Agricultural Co's current Net-Net Working Capital is JOD-0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Commercial and Agricultural Co stock overvalued right now?
Based on GuruFocus' analysis, Industrial Commercial and Agricultural Co (AMM:ICAG) is currently considered Fairly Valued. The stock's GF Value™ is JOD0.78, compared to a current price of JOD0.84 — trading 7.7% above its estimated fair value. The current Net-Net Working Capital is JOD-0.01. Industrial Commercial and Agricultural Co's overall GF Score™ is 47/100 with 10 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 Industrial Commercial and Agricultural Co (AMM:ICAG), the current Net-Net Working Capital is JOD-0.01 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 Industrial Commercial and Agricultural Co (AMM:ICAG) Overvalued in 2026?
Based on GuruFocus' analysis, Industrial Commercial and Agricultural Co stock appears to be overvalued.
The current stock price of JOD0.84 is trading 7.7% above its estimated GF Value™ of JOD0.78.
GuruFocus considers Industrial Commercial and Agricultural Co to be Fairly Valued.
Key valuation signals for AMM:ICAG:
Net-Net Working Capital: JOD-0.01
GF Value™: JOD0.78 vs. price of JOD0.84 (7.7% above fair value)
No single metric tells the full story. See the AMM:ICAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Industrial Commercial and Agricultural Co Ltd is a Jordan-based company that specializes in the field of chemical industries and personal care items. The comapany exports its products to Saudi Arabia, Iraq, Lebanon, Libya, Algeria, Egypt, Kuwait, Palestine, and other markets. The company has three plants: a cosmetics plant, a Liquid Detergents plant, and a Plastic plant. Its product portfolio includes Neon Detergent, Orval Dish Washing, Sulphonation, Zein Handwash, and Zein Soap.
47GF Score
Get the complete analysis for AMM:ICAG
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
AMM:ICAG has been successfully added to your 
