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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.
Interlink Telecom PCL's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ฿-1.77.
The industry rank for Interlink Telecom PCL's Net-Net Working Capital or its related term are showing as below:
BKK:ITEL-R's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 9.61 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Interlink Telecom PCL (BKK:ITEL-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.
Interlink Telecom PCL Net-Net Working Capital Related Terms
Interlink Telecom PCL Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Interlink Telecom 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.
Interlink Telecom PCL Net-Net Working Capital Chart
BKK:ITEL-R vs VZ, TMUS, T: Net-Net Working Capital Comparison
For the Telecom Services subindustry, Interlink Telecom 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.
Interlink Telecom PCL Price-to-Net-Net-Working-Capital vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Interlink Telecom PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Interlink Telecom 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 ฿-1.77 mean?
Interlink Telecom PCL (BKK:ITEL-R) has a Net-Net Working Capital of ฿-1.77 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 Interlink Telecom PCL According to the industry distribution chart, Interlink Telecom PCL ranks #999999 out of 59 companies in the Telecommunication Services industry.
Is Interlink Telecom PCL's Net-Net Working Capital too high?
Interlink Telecom PCL's current Net-Net Working Capital is ฿-1.77. Based on the distribution chart, Interlink Telecom PCL ranks #999999 out of 59 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Interlink Telecom PCL has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Interlink Telecom PCL's Net-Net Working Capital compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Interlink Telecom PCL ranks #999999 out of 59 companies for Net-Net Working Capital. This places Interlink Telecom PCL in the lower half of its industry. The industry median Net-Net Working Capital is 9.61. 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 Telecommunication Services company?
The median Net-Net Working Capital among Telecommunication Services companies is 9.61, based on 59 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 Interlink Telecom PCL For the Telecommunication Services industry, the median Net-Net Working Capital is 9.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Interlink Telecom PCL's current Net-Net Working Capital is ฿-1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Interlink Telecom PCL stock overvalued right now?
Based on GuruFocus' analysis, Interlink Telecom PCL (BKK:ITEL-R) is currently considered Significantly Overvalued. The stock's GF Value™ is ฿1.08, compared to a current price of ฿1.51 — trading 39.7% above its estimated fair value. The current Net-Net Working Capital is ฿-1.77. Interlink Telecom PCL's overall GF Score™ is 64/100 with 6 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 Interlink Telecom PCL (BKK:ITEL-R), the current Net-Net Working Capital is ฿-1.77 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 Interlink Telecom PCL (BKK:ITEL-R) Overvalued in 2026?
Based on GuruFocus' analysis, Interlink Telecom PCL stock appears to be overvalued.
The current stock price of ฿1.51 is trading 39.7% above its estimated GF Value™ of ฿1.08.
GuruFocus considers Interlink Telecom PCL to be Significantly Overvalued.
Key valuation signals for BKK:ITEL-R:
Net-Net Working Capital: ฿-1.77
GF Value™: ฿1.08 vs. price of ฿1.51 (39.7% above fair value)
No single metric tells the full story. See the BKK:ITEL-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Interlink Telecom PCL owns and operates nationwide Core Network and the fully fiber optical network in Thailand. The company provides telecommunication services through nationwide fiber-optic network and to provide data center space services such as co-location service, cloud-computing service and disaster recovery service. The company has two business segments, which consist of telecommunication services and medical equipment service. All operating segment have main geographical area in is Thailand.
64GF 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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