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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.
Solidarity Bahrain BSC's Net-Net Working Capital for the quarter that ended in Mar. 2026 was BHD-0.34.
The industry rank for Solidarity Bahrain BSC's Net-Net Working Capital or its related term are showing as below:
BAH:SOLID's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 8.28 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Solidarity Bahrain BSC (BAH:SOLID) 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.
Solidarity Bahrain BSC Net-Net Working Capital Related Terms
Solidarity Bahrain BSC Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Solidarity Bahrain BSC'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.
Solidarity Bahrain BSC Net-Net Working Capital Chart
BAH:SOLID vs BRK.A, AIG, HIG: Net-Net Working Capital Comparison
For the Insurance - Diversified subindustry, Solidarity Bahrain BSC'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.
Solidarity Bahrain BSC Price-to-Net-Net-Working-Capital vs Insurance Industry
For the Insurance industry and Financial Services sector, Solidarity Bahrain BSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Solidarity Bahrain BSC'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 BHD-0.34 mean?
Solidarity Bahrain BSC (BAH:SOLID) has a Net-Net Working Capital of BHD-0.34 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 Solidarity Bahrain BSC According to the industry distribution chart, Solidarity Bahrain BSC ranks #999999 out of 61 companies in the Insurance industry.
Is Solidarity Bahrain BSC's Net-Net Working Capital too high?
Solidarity Bahrain BSC's current Net-Net Working Capital is BHD-0.34. Based on the distribution chart, Solidarity Bahrain BSC ranks #999999 out of 61 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Solidarity Bahrain BSC has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Solidarity Bahrain BSC's Net-Net Working Capital compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Solidarity Bahrain BSC ranks #999999 out of 61 companies for Net-Net Working Capital. This places Solidarity Bahrain BSC in the lower half of its industry. The industry median Net-Net Working Capital is 8.28. 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 an Insurance company?
The median Net-Net Working Capital among Insurance companies is 8.28, based on 61 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 Solidarity Bahrain BSC For the Insurance industry, the median Net-Net Working Capital is 8.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solidarity Bahrain BSC's current Net-Net Working Capital is BHD-0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solidarity Bahrain BSC stock overvalued right now?
Based on GuruFocus' analysis, Solidarity Bahrain BSC (BAH:SOLID) is currently considered Possible Value Trap. The stock's GF Value™ is BHD0.68, compared to a current price of BHD0.40 — trading 41.9% below its estimated fair value. The current Net-Net Working Capital is BHD-0.34. Solidarity Bahrain BSC's overall GF Score™ is 39/100 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 Solidarity Bahrain BSC (BAH:SOLID), the current Net-Net Working Capital is BHD-0.34 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 Solidarity Bahrain BSC (BAH:SOLID) Overvalued in 2026?
Based on GuruFocus' analysis, Solidarity Bahrain BSC stock appears to be undervalued.
The current stock price of BHD0.40 is trading 41.9% below its estimated GF Value™ of BHD0.68.
GuruFocus considers Solidarity Bahrain BSC to be Possible Value Trap.
Key valuation signals for BAH:SOLID:
Net-Net Working Capital: BHD-0.34
GF Value™: BHD0.68 vs. price of BHD0.40 (41.9% below fair value)
No single metric tells the full story. See the BAH:SOLID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solidarity Bahrain BSC is engaged in providing insurance services in Bahrain. The company provides motor insurance, home insurance, car insurance, personal accident insurance, medical insurance, travel insurance, and other products. The company operates in the business segments, namely, Non-motor, which includes fire, marine, general accident, liability, Aviation, and engineering lines of business; Motor; Medical; Group Life, which includes group life and credit life business; and Family Takaful, which includes long-term decreasing term and level term business. The maximum of the company's revenue is from the Motor segment. Geographically operates in Bahrain, the UAE, Saudi Arabia, Oman, Kuwait, and other countries.
39GF 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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