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Nava Nakorn PCLBKK:NNCL-R 75 Net-Net Working Capital is ฿0.22 as of Jun. 2026. GuruFocus rates BKK:NNCL-R with a GF Score™ of 75/100 and a GF Value™ of ฿2.98 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 60 Utilities - Independent Power Producers companies, Nava Nakorn PCL ranks worse than 56.67% 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.
Nava Nakorn PCL's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ฿0.22.
The industry rank for Nava Nakorn PCL's Net-Net Working Capital or its related term are showing as below:
BKK:NNCL-R's Price-to-Net-Net-Working-Capital is ranked worse than 56.67% of 60
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.76
vs BKK:NNCL-R: 8.49
Nava Nakorn PCL (BKK:NNCL-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.
Nava Nakorn PCL Net-Net Working Capital Related Terms
Nava Nakorn PCL Net-Net Working Capital Historical Data
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The historical data trend for Nava Nakorn 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.
BKK:NNCL-R vs CEG, VST, NRG: Net-Net Working Capital Comparison
For the Utilities - Independent Power Producers subindustry, Nava Nakorn 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.
Nava Nakorn PCL Price-to-Net-Net-Working-Capital vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Nava Nakorn PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nava Nakorn 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 ฿0.22 mean?
Nava Nakorn PCL (BKK:NNCL-R) has a Net-Net Working Capital of ฿0.22 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 Nava Nakorn PCL According to the industry distribution chart, Nava Nakorn PCL ranks #34 out of 60 companies in the Utilities - Independent Power Producers industry, placing it in the top 56.7%.
Is Nava Nakorn PCL's Net-Net Working Capital too high?
Nava Nakorn PCL's current Net-Net Working Capital is ฿0.22. Based on the distribution chart, Nava Nakorn PCL ranks #34 out of 60 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Nava Nakorn PCL has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nava Nakorn PCL's Net-Net Working Capital compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Nava Nakorn PCL ranks #34 out of 60 companies for Net-Net Working Capital. This places Nava Nakorn PCL in the lower half of its industry. The industry median Net-Net Working Capital is 6.76. 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 an Utilities - Independent Power Producers company?
The median Net-Net Working Capital among Utilities - Independent Power Producers companies is 6.76, based on 60 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 Nava Nakorn PCL For the Utilities - Independent Power Producers industry, the median Net-Net Working Capital is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nava Nakorn PCL's current Net-Net Working Capital is ฿0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nava Nakorn PCL stock overvalued right now?
Based on GuruFocus' analysis, Nava Nakorn PCL (BKK:NNCL-R) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿2.98, compared to a current price of ฿1.87 — trading 37.4% below its estimated fair value. The current Net-Net Working Capital is ฿0.22. Nava Nakorn PCL's overall GF Score™ is 75/100 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 Nava Nakorn PCL (BKK:NNCL-R), the current Net-Net Working Capital is ฿0.22 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 Nava Nakorn PCL (BKK:NNCL-R) Overvalued in 2026?
Based on GuruFocus' analysis, Nava Nakorn PCL stock appears to be undervalued.
The current stock price of ฿1.87 is trading 37.4% below its estimated GF Value™ of ฿2.98.
GuruFocus considers Nava Nakorn PCL to be Significantly Undervalued.
Key valuation signals for BKK:NNCL-R:
Net-Net Working Capital: ฿0.22
GF Value™: ฿2.98 vs. price of ฿1.87 (37.4% below fair value)
No single metric tells the full story. See the BKK:NNCL-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nava Nakorn PCL is an industrial estate developer. It is engaged in the development of the property and industrial promotion zone projects for trading and leasing, and providing utilities and other facilities services in the industrial promotion zone. The company has two reportable segments, namely the Real estate business and the Utilities services business. It generates the majority of its revenue from the Utilities services segment.
75GF 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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