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.
Bluebik Group PCL's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ฿2.00.
The industry rank for Bluebik Group PCL's Net-Net Working Capital or its related term are showing as below:
BKK:BBIK-R's Price-to-Net-Net-Working-Capital is ranked worse than 66.89% of 444
companies
in the Business Services industry
Industry Median: 5.48
vs BKK:BBIK-R: 9.55
Bluebik Group PCL (BKK:BBIK-R) 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.
Bluebik Group PCL Net-Net Working Capital Related Terms
Bluebik Group PCL Net-Net Working Capital Historical Data
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The historical data trend for Bluebik Group PCL'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.
BKK:BBIK-R vs VRSK, EFX, BAH: Net-Net Working Capital Comparison
For the Consulting Services subindustry, Bluebik Group PCL'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.
Bluebik Group PCL Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Bluebik Group PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bluebik Group PCL'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 ฿2.00 mean?
Bluebik Group PCL (BKK:BBIK-R) has a Net-Net Working Capital of ฿2.00 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 Bluebik Group PCL According to the industry distribution chart, Bluebik Group PCL ranks #297 out of 444 companies in the Business Services industry, placing it in the top 66.9%.
Is Bluebik Group PCL's Net-Net Working Capital too high?
Bluebik Group PCL's current Net-Net Working Capital is ฿2.00. Based on the distribution chart, Bluebik Group PCL ranks #297 out of 444 companies in the Business Services industry, which is below the industry midpoint. Overall, Bluebik Group PCL has a GF Score™ of 90/100, reflecting its overall financial health beyond just this single metric.
How does Bluebik Group PCL's Net-Net Working Capital compare to VRSK and EFX?
According to the Business Services industry distribution chart, Bluebik Group PCL ranks #297 out of 444 companies for Net-Net Working Capital. This places Bluebik Group PCL in the lower half of its industry. The industry median Net-Net Working Capital is 5.48. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.48, based on 444 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 Bluebik Group PCL For the Business Services industry, the median Net-Net Working Capital is 5.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bluebik Group PCL's current Net-Net Working Capital is ฿2.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bluebik Group PCL stock overvalued right now?
Bluebik Group PCL (BKK:BBIK-R) has a current Net-Net Working Capital of ฿2.00. The stock's GF Value™ is ฿37.63, compared to a current price of ฿18.62 — trading 50.5% below its estimated fair value. The current Net-Net Working Capital is ฿2.00. Bluebik Group PCL's overall GF Score™ is 90/100 with 5 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 Bluebik Group PCL (BKK:BBIK-R), the current Net-Net Working Capital is ฿2.00 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 Bluebik Group PCL (BKK:BBIK-R) Overvalued in 2026?
Based on GuruFocus' analysis, Bluebik Group PCL stock appears to be undervalued.
The current stock price of ฿18.62 is trading 50.5% below its estimated GF Value™ of ฿37.63.
Key valuation signals for BKK:BBIK-R:
Net-Net Working Capital: ฿2.00
GF Value™: ฿37.63 vs. price of ฿18.62 (50.5% below fair value)
No single metric tells the full story. See the BKK:BBIK-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bluebik Group PCL is principally engaged in service provider for software design and development, management strategies consulting, strategic project management office (PMO), big data implementation and data analytic. The company's segments include Management Consulting, Digital Excellence and Delivery, Strategic Project Management Office and Big Data and Advanced Analytics. The majority of the company's revenue is derived from the Digital Excellence and Delivery segment. Geographically, it generates the maximum revenue from Thailand.
90GF Score
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