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.
BigBear.ai Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.62.
The industry rank for BigBear.ai Holdings's Net-Net Working Capital or its related term are showing as below:
BBAI's Price-to-Net-Net-Working-Capital is ranked better than 64.92% of 1260
companies
in the Software industry
Industry Median: 6.8
vs BBAI: 4.56
BigBear.ai Holdings (NYSE:BBAI) 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.
BigBear.ai Holdings Net-Net Working Capital Related Terms
BigBear.ai Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for BigBear.ai Holdings'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.
BBAI vs MGRT, CLVT, GLOB: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, BigBear.ai Holdings'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.
BigBear.ai Holdings Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, BigBear.ai Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where BigBear.ai Holdings'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 $0.62 mean?
BigBear.ai Holdings (BBAI) has a Net-Net Working Capital of $0.62 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 BigBear.ai Holdings According to the industry distribution chart, BigBear.ai Holdings ranks #442 out of 1260 companies in the Software industry, placing it in the top 35.1%.
Is BigBear.ai Holdings' Net-Net Working Capital too high?
BigBear.ai Holdings' current Net-Net Working Capital is $0.62. The Software industry median Net-Net Working Capital is 6.80. BigBear.ai Holdings' value of $0.62 is 90.9% below this industry median. Based on the distribution chart, BigBear.ai Holdings ranks #442 out of 1260 companies in the Software industry, which is above the industry midpoint. Overall, BigBear.ai Holdings has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BigBear.ai Holdings' Net-Net Working Capital compare to MGRT and CLVT?
According to the Software industry distribution chart, BigBear.ai Holdings ranks #442 out of 1260 companies for Net-Net Working Capital. This puts BigBear.ai Holdings in the upper half of its industry. The industry median Net-Net Working Capital is 6.80. BigBear.ai Holdings' value of $0.62 is 90.9% below this benchmark. 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 Software company?
The median Net-Net Working Capital among Software companies is 6.80, based on 1,260 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. BigBear.ai Holdings's current Net-Net Working Capital of $0.62 is 90.9% below the industry median. 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 BigBear.ai Holdings For the Software industry, the median Net-Net Working Capital is 6.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BigBear.ai Holdings's current Net-Net Working Capital is $0.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BigBear.ai Holdings stock overvalued right now?
Based on GuruFocus' analysis, BigBear.ai Holdings (BBAI) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.92, compared to a current price of $2.83 — trading 207.6% above its estimated fair value. The current Net-Net Working Capital is $0.62 and 90.9% below the Software industry median of 6.80. BigBear.ai Holdings' overall GF Score™ is 34/100 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 BigBear.ai Holdings (BBAI), the current Net-Net Working Capital is $0.62 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 BigBear.ai Holdings (BBAI) Overvalued in 2026?
Based on GuruFocus' analysis, BigBear.ai Holdings stock appears to be overvalued.
The current stock price of $2.83 is trading 207.6% above its estimated GF Value™ of $0.92.
GuruFocus considers BigBear.ai Holdings to be Significantly Overvalued.
Key valuation signals for BBAI:
Net-Net Working Capital: $0.62
GF Value™: $0.92 vs. price of $2.83 (207.6% above fair value)
Industry Position: 90.9% below the Software median (#442 of 1260)
No single metric tells the full story. See the BBAI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BigBear.ai Holdings Inc is a provider of mission-ready artificial intelligence (AI) technology originally founded to serve defense and national security mission customers. The Company provides Edge AI-powered decision intelligence solutions, including artificial intelligence and machine learning, generative AI, data science, computer vision, biometrics, cyber, cloud solutions, and systems integration. Customers rely on its predictive analytics capabilities in mission-based operating environments. Its solutions are organized into five markets, including Supply Chain & Logistics Solutions, Cybersecurity Solutions, Autonomous Systems Solutions, Digital Identity Services, and the Ask Sage Platform.
34GF Score
Get the complete analysis for BBAI
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
BBAI has been successfully added to your 
