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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.
Bahrain Flour Mills Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was BHD0.36.
The industry rank for Bahrain Flour Mills Co's Net-Net Working Capital or its related term are showing as below:
BAH:BFM's Price-to-Net-Net-Working-Capital is ranked better than 95% of 660
companies
in the Consumer Packaged Goods industry
Industry Median: 6.73
vs BAH:BFM: 1.01
Bahrain Flour Mills Co (BAH:BFM) 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.
Bahrain Flour Mills Co Net-Net Working Capital Related Terms
Bahrain Flour Mills Co Net-Net Working Capital Historical Data
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The historical data trend for Bahrain Flour Mills Co's Net-Net Working Capital 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.
Bahrain Flour Mills Co Net-Net Working Capital Chart
BAH:BFM vs KHC, GIS, HRL: Net-Net Working Capital Comparison
For the Packaged Foods subindustry, Bahrain Flour Mills 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.
Bahrain Flour Mills Co Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bahrain Flour Mills Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bahrain Flour Mills 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 BHD0.36 mean?
Bahrain Flour Mills Co (BAH:BFM) has a Net-Net Working Capital of BHD0.36 as of Mar. 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 Bahrain Flour Mills Co According to the industry distribution chart, Bahrain Flour Mills Co ranks #33 out of 660 companies in the Consumer Packaged Goods industry, placing it in the top 5%.
Is Bahrain Flour Mills Co's Net-Net Working Capital too high?
Bahrain Flour Mills Co's current Net-Net Working Capital is BHD0.36. Based on the distribution chart, Bahrain Flour Mills Co ranks #33 out of 660 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Bahrain Flour Mills Co has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bahrain Flour Mills Co's Net-Net Working Capital compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Bahrain Flour Mills Co ranks #33 out of 660 companies for Net-Net Working Capital. This places Bahrain Flour Mills Co in the top 5% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.73. 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 6.73, based on 660 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 Bahrain Flour Mills Co For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bahrain Flour Mills Co's current Net-Net Working Capital is BHD0.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bahrain Flour Mills Co stock overvalued right now?
Based on GuruFocus' analysis, Bahrain Flour Mills Co (BAH:BFM) is currently considered Fairly Valued. The stock's GF Value™ is BHD0.36, compared to a current price of BHD0.37 — trading 1.4% above its estimated fair value. The current Net-Net Working Capital is BHD0.36. Bahrain Flour Mills Co's overall GF Score™ is 48/100 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 Bahrain Flour Mills Co (BAH:BFM), the current Net-Net Working Capital is BHD0.36 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 Bahrain Flour Mills Co (BAH:BFM) Overvalued in 2026?
Based on GuruFocus' analysis, Bahrain Flour Mills Co stock appears to be overvalued.
The current stock price of BHD0.37 is trading 1.4% above its estimated GF Value™ of BHD0.36.
GuruFocus considers Bahrain Flour Mills Co to be Fairly Valued.
Key valuation signals for BAH:BFM:
Net-Net Working Capital: BHD0.36
GF Value™: BHD0.36 vs. price of BHD0.37 (1.4% above fair value)
No single metric tells the full story. See the BAH:BFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bahrain Flour Mills Co is engaged in wheat grinding and flour marketing. The principal activities of the company include the import of wheat and the production of wheat flour and related products. It offers products such as all-purpose flour, hab hares, jeers, semolina, pizza flour, dumpling mix, whole meal flour, and Dumpling mix. The company's activities mainly comprise two segments: Flour Mills and Investments.
48GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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