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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.
Pranda Jewelry PCL's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ฿-0.53.
The industry rank for Pranda Jewelry PCL's Net-Net Working Capital or its related term are showing as below:
BKK:PDJ's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.38 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Pranda Jewelry PCL (BKK:PDJ) 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.
Pranda Jewelry PCL Net-Net Working Capital Related Terms
Pranda Jewelry PCL Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Pranda Jewelry 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:PDJ vs TPR, SIG: Net-Net Working Capital Comparison
For the Luxury Goods subindustry, Pranda Jewelry 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.
Pranda Jewelry PCL Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Pranda Jewelry PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Pranda Jewelry 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 ฿-0.53 mean?
Pranda Jewelry PCL (BKK:PDJ) has a Net-Net Working Capital of ฿-0.53 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 Pranda Jewelry PCL According to the industry distribution chart, Pranda Jewelry PCL ranks #999999 out of 325 companies in the Retail - Cyclical industry.
Is Pranda Jewelry PCL's Net-Net Working Capital too high?
Pranda Jewelry PCL's current Net-Net Working Capital is ฿-0.53. Based on the distribution chart, Pranda Jewelry PCL ranks #999999 out of 325 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Pranda Jewelry PCL has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Pranda Jewelry PCL's Net-Net Working Capital compare to TPR and SIG?
According to the Retail - Cyclical industry distribution chart, Pranda Jewelry PCL ranks #999999 out of 325 companies for Net-Net Working Capital. This places Pranda Jewelry PCL in the lower half of its industry. The industry median Net-Net Working Capital is 6.38. 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.38, based on 325 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 Pranda Jewelry PCL For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pranda Jewelry PCL's current Net-Net Working Capital is ฿-0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pranda Jewelry PCL stock overvalued right now?
Based on GuruFocus' analysis, Pranda Jewelry PCL (BKK:PDJ) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿1.36, compared to a current price of ฿1.00 — trading 26.5% below its estimated fair value. The current Net-Net Working Capital is ฿-0.53. Pranda Jewelry PCL's overall GF Score™ is 48/100 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 Pranda Jewelry PCL (BKK:PDJ), the current Net-Net Working Capital is ฿-0.53 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 Pranda Jewelry PCL (BKK:PDJ) Overvalued in 2026?
Based on GuruFocus' analysis, Pranda Jewelry PCL stock appears to be undervalued.
The current stock price of ฿1.00 is trading 26.5% below its estimated GF Value™ of ฿1.36.
GuruFocus considers Pranda Jewelry PCL to be Modestly Undervalued.
Key valuation signals for BKK:PDJ:
Net-Net Working Capital: ฿-0.53
GF Value™: ฿1.36 vs. price of ฿1.00 (26.5% below fair value)
No single metric tells the full story. See the BKK:PDJ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Pranda Jewelry PCL is principally engaged in the manufacturing, distribution, and retail of jewelry. The company operates in various business segments that include Production of jewelry, Distribution of Jewelry, and Retail Jewelry. The Production of jewelry segment generates maximum revenue for the company. It has its presence in Hongkong, England, Canada, Thailand, and United States of America. The company generates maximum revenue from Thailand.
48GF 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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