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.
BKK:GRAND-R's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 6.39 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Grande Asset Hotels And Property PCL (BKK:GRAND-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.
Grande Asset Hotels And Property PCL Net-Net Working Capital Related Terms
Grande Asset Hotels And Property PCL Net-Net Working Capital Historical Data
* 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.
Grande Asset Hotels And Property PCL Net-Net Working Capital Chart
BKK:GRAND-R vs MAR, HLT, H: Net-Net Working Capital Comparison
For the Lodging subindustry, Grande Asset Hotels And Property 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.
Grande Asset Hotels And Property PCL Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Grande Asset Hotels And Property PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Grande Asset Hotels And Property 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 ฿-1.15 mean?
Grande Asset Hotels And Property PCL (BKK:GRAND-R) has a Net-Net Working Capital of ฿-1.15 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 Grande Asset Hotels And Property PCL According to the industry distribution chart, Grande Asset Hotels And Property PCL ranks #999999 out of 217 companies in the Travel & Leisure industry.
Is Grande Asset Hotels And Property PCL's Net-Net Working Capital too high?
Grande Asset Hotels And Property PCL's current Net-Net Working Capital is ฿-1.15. Based on the distribution chart, Grande Asset Hotels And Property PCL ranks #999999 out of 217 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Grande Asset Hotels And Property PCL has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Grande Asset Hotels And Property PCL's Net-Net Working Capital compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, Grande Asset Hotels And Property PCL ranks #999999 out of 217 companies for Net-Net Working Capital. This places Grande Asset Hotels And Property PCL in the lower half of its industry. The industry median Net-Net Working Capital is 6.39. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 6.39, based on 217 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 Grande Asset Hotels And Property PCL For the Travel & Leisure industry, the median Net-Net Working Capital is 6.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grande Asset Hotels And Property PCL's current Net-Net Working Capital is ฿-1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grande Asset Hotels And Property PCL stock overvalued right now?
Grande Asset Hotels And Property PCL (BKK:GRAND-R) has a current Net-Net Working Capital of ฿-1.15. The stock's GF Value™ is ฿0.14, compared to a current price of ฿0.04 — trading 71.4% below its estimated fair value. The current Net-Net Working Capital is ฿-1.15. Grande Asset Hotels And Property PCL's overall GF Score™ is 8/100 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 Grande Asset Hotels And Property PCL (BKK:GRAND-R), the current Net-Net Working Capital is ฿-1.15 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 Grande Asset Hotels And Property PCL (BKK:GRAND-R) Overvalued in 2026?
Based on GuruFocus' analysis, Grande Asset Hotels And Property PCL stock appears to be undervalued.
The current stock price of ฿0.04 is trading 71.4% below its estimated GF Value™ of ฿0.14.
Key valuation signals for BKK:GRAND-R:
Net-Net Working Capital: ฿-1.15
GF Value™: ฿0.14 vs. price of ฿0.04 (71.4% below fair value)
No single metric tells the full story. See the BKK:GRAND-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grande Asset Hotels And Property PCL Business Description
Grande Asset Hotels And Property PCL operates in the hotel industry. It is principally engaged in hotel, property development and rental businesses. The company's reportable segments include Hotel business, Rental business and Property development business. The majority of revenue is derived from the Hotel business segment. The company focuses its business and long-term investment in hotels that are international and globally managed brands and real estate development. Its property portfolio includes Hyde Heritage Thonglor, Hyde Sukhumvit 11 and Amatara Residences Rayong.
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