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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.
Bioceres Crop Solutions's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-4.99.
The industry rank for Bioceres Crop Solutions's Net-Net Working Capital or its related term are showing as below:
BIOX's Price-to-Net-Net-Working-Capital is not ranked *
in the Agriculture industry.
Industry Median: 8.68 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Bioceres Crop Solutions (NAS:BIOX) 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.
Bioceres Crop Solutions Net-Net Working Capital Related Terms
Bioceres Crop Solutions Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Bioceres Crop Solutions'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.
Bioceres Crop Solutions Net-Net Working Capital Chart
BIOX vs SEED, GNVR, PUBC: Net-Net Working Capital Comparison
For the Agricultural Inputs subindustry, Bioceres Crop Solutions'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.
Bioceres Crop Solutions Price-to-Net-Net-Working-Capital vs Agriculture Industry
For the Agriculture industry and Basic Materials sector, Bioceres Crop Solutions's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bioceres Crop Solutions'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 $-4.99 mean?
Bioceres Crop Solutions (BIOX) has a Net-Net Working Capital of $-4.99 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 Bioceres Crop Solutions According to the industry distribution chart, Bioceres Crop Solutions ranks #999999 out of 85 companies in the Agriculture industry.
Is Bioceres Crop Solutions' Net-Net Working Capital too high?
Bioceres Crop Solutions' current Net-Net Working Capital is $-4.99. Based on the distribution chart, Bioceres Crop Solutions ranks #999999 out of 85 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Bioceres Crop Solutions has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bioceres Crop Solutions' Net-Net Working Capital compare to SEED and GNVR?
According to the Agriculture industry distribution chart, Bioceres Crop Solutions ranks #999999 out of 85 companies for Net-Net Working Capital. This places Bioceres Crop Solutions in the lower half of its industry. The industry median Net-Net Working Capital is 8.68. 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 Agriculture company?
The median Net-Net Working Capital among Agriculture companies is 8.68, based on 85 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 Bioceres Crop Solutions For the Agriculture industry, the median Net-Net Working Capital is 8.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bioceres Crop Solutions's current Net-Net Working Capital is $-4.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bioceres Crop Solutions stock overvalued right now?
Based on GuruFocus' analysis, Bioceres Crop Solutions (BIOX) is currently considered Possible Value Trap. The stock's GF Value™ is $4.93, compared to a current price of $0.44 — trading 91.1% below its estimated fair value. The current Net-Net Working Capital is $-4.99. Bioceres Crop Solutions' overall GF Score™ is 56/100 with 8 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 Bioceres Crop Solutions (BIOX), the current Net-Net Working Capital is $-4.99 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 Bioceres Crop Solutions (BIOX) Overvalued in 2026?
Based on GuruFocus' analysis, Bioceres Crop Solutions stock appears to be undervalued.
The current stock price of $0.44 is trading 91.1% below its estimated GF Value™ of $4.93.
GuruFocus considers Bioceres Crop Solutions to be Possible Value Trap.
Key valuation signals for BIOX:
Net-Net Working Capital: $-4.99
GF Value™: $4.93 vs. price of $0.44 (91.1% below fair value)
No single metric tells the full story. See the BIOX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bioceres Crop Solutions Corp is a fully integrated provider of crop productivity solutions, including seeds, seed traits, seed treatments, biologicals, high-value adjuvants, and fertilizers. The company has developed a multi-discipline and multi-product platform capable of providing solutions throughout the entire crop cycle, from pre-planting to transportation and storage. Some of the products offered by the company include fertilizers, inoculants, adjuvants, crop protection solutions, and seeds among others. Its operating segments are crop protection, which derives key revenue, seed and integrated products, and crop nutrition. Geographically, the majority of the company's revenue is generated from Argentina and the rest from Brazil, North America, Latin America, and other regions.
56GF Score
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