Business Online PCL (BKK:BOL) Net-Net Working Capital: ฿-0.07 (As of Jun. 2026)

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BKK:BOL Business Online PCL BKK:BOL
85 GF Score
Price ฿5.35
GF Value ฿6.54
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Business Online PCL Net-Net Working Capital?

Business Online PCL BKK:BOL 85 Net-Net Working Capital is ฿-0.07 as of Jun. 2026. GuruFocus rates BKK:BOL with a GF Score™ of 85/100 and a GF Value™ of ฿6.54 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 444 Business Services companies, Business Online PCL ranks worse than 225225% 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.

Business Online PCL's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ฿-0.07.

The industry rank for Business Online PCL's Net-Net Working Capital or its related term are showing as below:

BKK:BOL's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.525
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Business Online PCL  (BKK:BOL) 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.


Business Online PCL Net-Net Working Capital Related Terms


Business Online PCL Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Business Online 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.

Business Online PCL Net-Net Working Capital Chart

Business Online PCL 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 0.19 0.16 0.15 0.19 -0.03

Business Online PCL 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 0.10 -0.15 -0.03 -0.18 -0.07

BKK:BOL vs VRSK, EFX, BAH: Net-Net Working Capital Comparison

For the Consulting Services subindustry, Business Online 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.


Business Online PCL Price-to-Net-Net-Working-Capital vs Business Services Industry

For the Business Services industry and Industrials sector, Business Online PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Business Online PCL's Price-to-Net-Net-Working-Capital falls into.


BKK:BOL
85GF Score
Business Online PCL BKK:BOL
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Business Online PCL Net-Net Working Capital Calculation

Business Online PCL'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)
=(342.113+0.75 * 114.034+0.5 * 0-453.291
-0-0)/820.506
=-0.03

Business Online PCL'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)
=(297.61+0.75 * 114.76+0.5 * 0-442.691
-0-0)/820.506
=-0.07

* 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 ฿-0.07 mean?
Business Online PCL (BKK:BOL) has a Net-Net Working Capital of ฿-0.07 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 Business Online PCL According to the industry distribution chart, Business Online PCL ranks #999999 out of 444 companies in the Business Services industry.
Is Business Online PCL's Net-Net Working Capital too high?
Business Online PCL's current Net-Net Working Capital is ฿-0.07. Based on the distribution chart, Business Online PCL ranks #999999 out of 444 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Business Online PCL has a GF Score™ of 85/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Business Online PCL's Net-Net Working Capital compare to VRSK and EFX?
According to the Business Services industry distribution chart, Business Online PCL ranks #999999 out of 444 companies for Net-Net Working Capital. This places Business Online PCL in the lower half of its industry. The industry median Net-Net Working Capital is 5.53. 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 5.53, 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 Business Online PCL For the Business Services industry, the median Net-Net Working Capital is 5.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Business Online PCL's current Net-Net Working Capital is ฿-0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Business Online PCL stock overvalued right now?
Based on GuruFocus' analysis, Business Online PCL (BKK:BOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿6.54, compared to a current price of ฿5.35 — trading 18.2% below its estimated fair value. The current Net-Net Working Capital is ฿-0.07. Business Online PCL's overall GF Score™ is 85/100 with 2 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 Business Online PCL (BKK:BOL), the current Net-Net Working Capital is ฿-0.07 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 Business Online PCL (BKK:BOL) Overvalued in 2026?

Based on GuruFocus' analysis, Business Online PCL stock appears to be undervalued. The current stock price of ฿5.35 is trading 18.2% below its estimated GF Value™ of ฿6.54. GuruFocus considers Business Online PCL to be Modestly Undervalued.

Key valuation signals for BKK:BOL:

  • Net-Net Working Capital: ฿-0.07
  • GF Value™: ฿6.54 vs. price of ฿5.35 (18.2% below fair value)
  • GF Score™: 85/100 with 2 warning signs

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


Business Online PCL Business Description

Address Rama 3 Road, No. 1023 MS Siam Tower, Floor 28, Kwang Chong Nonsi, Khet Yannawa, Bangkok, THA, 10120
Business Online PCL is a service provider and developer of local and world-wide financial information systems. It also has an online and offline business information service provider as well as consulting service and database management. The company solution includes Corpus X, Xignal, Matchlink, Dun and Bradstreet, and Debtline.
85GF Score

Get the complete analysis for BKK:BOL

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

฿5.35
Price
฿6.54
GF Value