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.
Beyond Securities PCL's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ฿0.12.
The industry rank for Beyond Securities PCL's Net-Net Working Capital or its related term are showing as below:
BKK:BYD-R's Price-to-Net-Net-Working-Capital is ranked better than 55.29% of 293
companies
in the Capital Markets industry
Industry Median: 4.74
vs BKK:BYD-R: 4.01
Beyond Securities PCL (BKK:BYD-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.
Beyond Securities PCL Net-Net Working Capital Related Terms
Beyond Securities PCL Net-Net Working Capital Historical Data
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The historical data trend for Beyond Securities 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.
Beyond Securities PCL Net-Net Working Capital Chart
BKK:BYD-R vs MS, GS, SCHW: Net-Net Working Capital Comparison
For the Capital Markets subindustry, Beyond Securities 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.
Beyond Securities PCL Price-to-Net-Net-Working-Capital vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Beyond Securities PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Beyond Securities 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 ฿0.12 mean?
Beyond Securities PCL (BKK:BYD-R) has a Net-Net Working Capital of ฿0.12 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 Beyond Securities PCL According to the industry distribution chart, Beyond Securities PCL ranks #131 out of 293 companies in the Capital Markets industry, placing it in the top 44.7%.
Is Beyond Securities PCL's Net-Net Working Capital too high?
Beyond Securities PCL's current Net-Net Working Capital is ฿0.12. Based on the distribution chart, Beyond Securities PCL ranks #131 out of 293 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Beyond Securities PCL has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Beyond Securities PCL's Net-Net Working Capital compare to MS and GS?
According to the Capital Markets industry distribution chart, Beyond Securities PCL ranks #131 out of 293 companies for Net-Net Working Capital. This puts Beyond Securities PCL in the upper half of its industry. The industry median Net-Net Working Capital is 4.74. 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 Capital Markets company?
The median Net-Net Working Capital among Capital Markets companies is 4.74, based on 293 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 Beyond Securities PCL For the Capital Markets industry, the median Net-Net Working Capital is 4.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Beyond Securities PCL's current Net-Net Working Capital is ฿0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Beyond Securities PCL stock overvalued right now?
Beyond Securities PCL (BKK:BYD-R) has a current Net-Net Working Capital of ฿0.12. The stock's GF Value™ is ฿11.46, compared to a current price of ฿4.33 — trading 62.2% below its estimated fair value. The current Net-Net Working Capital is ฿0.12. Beyond Securities PCL's overall GF Score™ is 59/100 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 Beyond Securities PCL (BKK:BYD-R), the current Net-Net Working Capital is ฿0.12 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 Beyond Securities PCL (BKK:BYD-R) Overvalued in 2026?
Based on GuruFocus' analysis, Beyond Securities PCL stock appears to be undervalued.
The current stock price of ฿4.33 is trading 62.2% below its estimated GF Value™ of ฿11.46.
Key valuation signals for BKK:BYD-R:
Net-Net Working Capital: ฿0.12
GF Value™: ฿11.46 vs. price of ฿4.33 (62.2% below fair value)
No single metric tells the full story. See the BKK:BYD-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Beyond Securities PCL is engaged in the securities business. It offers services such as securities brokerage, securities trading, securities underwriting, investment advisory service, derivatives brokerage, securities borrowing, and lending and private fund management. The Company has two reportable segments which comprise the Securities and Derivative business segment, which provides brokerage and derivative brokerage services, including the investment banking segment, and the Investment business segment, which provides services related to the management of the investment in securities. The majority of the revenue for the company is generated from its Securities and Derivative business segment. The Company generates totally operating revenue in Thailand.
59GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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