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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.
BKK:JCT's Price-to-Net-Net-Working-Capital is ranked better than 84.82% of 652
companies
in the Consumer Packaged Goods industry
Industry Median: 6.99
vs BKK:JCT: 2.12
Jack Chia Industries (Thailand) PCL (BKK:JCT) 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.
Jack Chia Industries (Thailand) PCL Net-Net Working Capital Related Terms
Jack Chia Industries (Thailand) 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.
Jack Chia Industries (Thailand) PCL Net-Net Working Capital Chart
BKK:JCT vs PG, CL, EL: Net-Net Working Capital Comparison
For the Household & Personal Products subindustry, Jack Chia Industries (Thailand) 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.
Jack Chia Industries (Thailand) PCL Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Jack Chia Industries (Thailand) PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Jack Chia Industries (Thailand) 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 ฿39.57 mean?
Jack Chia Industries (Thailand) PCL (BKK:JCT) has a Net-Net Working Capital of ฿39.57 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 Jack Chia Industries (Thailand) PCL According to the industry distribution chart, Jack Chia Industries (Thailand) PCL ranks #99 out of 652 companies in the Consumer Packaged Goods industry, placing it in the top 15.2%.
Is Jack Chia Industries (Thailand) PCL's Net-Net Working Capital too high?
Jack Chia Industries (Thailand) PCL's current Net-Net Working Capital is ฿39.57. Based on the distribution chart, Jack Chia Industries (Thailand) PCL ranks #99 out of 652 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Jack Chia Industries (Thailand) PCL has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Jack Chia Industries (Thailand) PCL's Net-Net Working Capital compare to PG and CL?
According to the Consumer Packaged Goods industry distribution chart, Jack Chia Industries (Thailand) PCL ranks #99 out of 652 companies for Net-Net Working Capital. This places Jack Chia Industries (Thailand) PCL in the top 15% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.99. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.99, based on 652 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 Jack Chia Industries (Thailand) PCL For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Jack Chia Industries (Thailand) PCL's current Net-Net Working Capital is ฿39.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jack Chia Industries (Thailand) PCL stock overvalued right now?
Based on GuruFocus' analysis, Jack Chia Industries (Thailand) PCL (BKK:JCT) is currently considered Fairly Valued. The stock's GF Value™ is ฿87.15, compared to a current price of ฿83.75 — trading 3.9% below its estimated fair value. The current Net-Net Working Capital is ฿39.57. Jack Chia Industries (Thailand) PCL's overall GF Score™ is 72/100 with 1 warning sign 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 Jack Chia Industries (Thailand) PCL (BKK:JCT), the current Net-Net Working Capital is ฿39.57 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 Jack Chia Industries (Thailand) PCL (BKK:JCT) Overvalued in 2026?
Based on GuruFocus' analysis, Jack Chia Industries (Thailand) PCL stock appears to be undervalued.
The current stock price of ฿83.75 is trading 3.9% below its estimated GF Value™ of ฿87.15.
GuruFocus considers Jack Chia Industries (Thailand) PCL to be Fairly Valued.
Key valuation signals for BKK:JCT:
Net-Net Working Capital: ฿39.57
GF Value™: ฿87.15 vs. price of ฿83.75 (3.9% below fair value)
No single metric tells the full story. See the BKK:JCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Jack Chia Industries (Thailand) PCL is engaged in the manufacture and distribution of pharmaceutical and cosmetic products. The company and its subsidiaries operate through two segments, which include pharmaceutical products and Consumer products. The Pharmaceutical Products segment is involved in the manufacture and distribution of pharmaceutical products. Consumer product segments consist of the manufacturing and distribution of other consumer products. The majority of its revenue is generated from the Consumer Products segment. It operates geographically in Thailand and sells its products to both domestic and overseas markets.
72GF 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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