Zain Bahrain BSC (BAH:ZAINBH) Net-Net Working Capital: BHD-0.11 (As of Jun. 2026)

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BAH:ZAINBH Zain Bahrain BSC BAH:ZAINBH
56 GF Score
Price BHD0.12
GF Value BHD0.13
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Zain Bahrain BSC Net-Net Working Capital?

Zain Bahrain BSC BAH:ZAINBH 56 Net-Net Working Capital is BHD-0.11 as of Jun. 2026. GuruFocus rates BAH:ZAINBH with a GF Score™ of 56/100 and a GF Value™ of BHD0.13 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 58 Telecommunication Services companies, Zain Bahrain BSC ranks worse than 1724136.21% on this metric.

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.

Zain Bahrain BSC's Net-Net Working Capital for the quarter that ended in Jun. 2026 was BHD-0.11.

The industry rank for Zain Bahrain BSC's Net-Net Working Capital or its related term are showing as below:

BAH:ZAINBH's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 9.01
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Zain Bahrain BSC  (BAH:ZAINBH) 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.


Zain Bahrain BSC Net-Net Working Capital Related Terms


Zain Bahrain BSC Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Zain 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.

Zain Bahrain BSC Net-Net Working Capital Chart

Zain Bahrain BSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.09 -0.09 -0.09 -0.08 -0.09

Zain Bahrain BSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.08 -0.07 -0.09 -0.09 -0.11

BAH:ZAINBH vs VZ, TMUS, T: Net-Net Working Capital Comparison

For the Telecom Services subindustry, Zain 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.


Zain Bahrain BSC Price-to-Net-Net-Working-Capital vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Zain Bahrain BSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Zain Bahrain BSC's Price-to-Net-Net-Working-Capital falls into.


BAH:ZAINBH
56GF Score
Zain Bahrain BSC BAH:ZAINBH
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Zain Bahrain BSC Net-Net Working Capital Calculation

Zain Bahrain BSC's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13.232+0.75 * 15.787+0.5 * 3.1-57.038
-0-1.186)/363.883
=-0.09

Zain Bahrain BSC's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(13.538+0.75 * 16.617+0.5 * 1.87-64.485
-0-1.069)/363.883
=-0.11

* 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-0.11 mean?
Zain Bahrain BSC (BAH:ZAINBH) has a Net-Net Working Capital of BHD-0.11 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 Zain Bahrain BSC According to the industry distribution chart, Zain Bahrain BSC ranks #999999 out of 58 companies in the Telecommunication Services industry.
Is Zain Bahrain BSC's Net-Net Working Capital too high?
Zain Bahrain BSC's current Net-Net Working Capital is BHD-0.11. Based on the distribution chart, Zain Bahrain BSC ranks #999999 out of 58 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Zain Bahrain BSC has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zain Bahrain BSC's Net-Net Working Capital compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Zain Bahrain BSC ranks #999999 out of 58 companies for Net-Net Working Capital. This places Zain Bahrain BSC in the lower half of its industry. The industry median Net-Net Working Capital is 9.01. 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 Telecommunication Services company?
The median Net-Net Working Capital among Telecommunication Services companies is 9.01, based on 58 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 Zain Bahrain BSC For the Telecommunication Services industry, the median Net-Net Working Capital is 9.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zain Bahrain BSC's current Net-Net Working Capital is BHD-0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zain Bahrain BSC stock overvalued right now?
Based on GuruFocus' analysis, Zain Bahrain BSC (BAH:ZAINBH) is currently considered Modestly Undervalued. The stock's GF Value™ is BHD0.13, compared to a current price of BHD0.12 — trading 11.5% below its estimated fair value. The current Net-Net Working Capital is BHD-0.11. Zain Bahrain BSC's overall GF Score™ is 56/100 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 Zain Bahrain BSC (BAH:ZAINBH), the current Net-Net Working Capital is BHD-0.11 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 Zain Bahrain BSC (BAH:ZAINBH) Overvalued in 2026?

Based on GuruFocus' analysis, Zain Bahrain BSC stock appears to be undervalued. The current stock price of BHD0.12 is trading 11.5% below its estimated GF Value™ of BHD0.13. GuruFocus considers Zain Bahrain BSC to be Modestly Undervalued.

Key valuation signals for BAH:ZAINBH:

  • Net-Net Working Capital: BHD-0.11
  • GF Value™: BHD0.13 vs. price of BHD0.12 (11.5% below fair value)
  • GF Score™: 56/100 with 4 warning signs

No single metric tells the full story. See the BAH:ZAINBH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Zain Bahrain BSC Business Description

Address Al-Seef, P.O. Box 266, Manama, BHR
Zain Bahrain BSC provides telecommunication and related products and services mainly in the Kingdom of Bahrain. Its business involves three main activities: mobile operation, fixed broadband operation, and trading of handsets and accessories. The company offers: 4G LTE and 5G services through its mobile network, broadband services, ICT and digital lifestyle communications services, and trades in mobile phones, earphones, and other electronic accessories through its e-commerce website. The majority of its revenue is generated from the provision of airtime, data, subscription, and other related services. Geographically, the company operates in Kuwait, Bahrain, Iraq, Jordan, Saudi Arabia, Sudan, and South Sudan.
56GF Score

Get the complete analysis for BAH:ZAINBH

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BHD0.12
Price
BHD0.13
GF Value