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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.
Safe Fertility Group PCL's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ฿4.48.
The industry rank for Safe Fertility Group PCL's Net-Net Working Capital or its related term are showing as below:
BKK:SAFE's Price-to-Net-Net-Working-Capital is ranked better than 92.75% of 193
companies
in the Healthcare Providers & Services industry
Industry Median: 7.68
vs BKK:SAFE: 1.11
Safe Fertility Group PCL (BKK:SAFE) 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.
Safe Fertility Group PCL Net-Net Working Capital Related Terms
Safe Fertility Group PCL Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Safe Fertility Group 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.
Safe Fertility Group PCL Net-Net Working Capital Chart
BKK:SAFE vs HCA, THC, DVA: Net-Net Working Capital Comparison
For the Medical Care Facilities subindustry, Safe Fertility Group 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.
Safe Fertility Group PCL Price-to-Net-Net-Working-Capital vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Safe Fertility Group PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Safe Fertility Group 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 ฿4.48 mean?
Safe Fertility Group PCL (BKK:SAFE) has a Net-Net Working Capital of ฿4.48 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 Safe Fertility Group PCL According to the industry distribution chart, Safe Fertility Group PCL ranks #14 out of 193 companies in the Healthcare Providers & Services industry, placing it in the top 7.3%.
Is Safe Fertility Group PCL's Net-Net Working Capital too high?
Safe Fertility Group PCL's current Net-Net Working Capital is ฿4.48. Based on the distribution chart, Safe Fertility Group PCL ranks #14 out of 193 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Safe Fertility Group PCL has a GF Score™ of 43/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safe Fertility Group PCL's Net-Net Working Capital compare to HCA and THC?
According to the Healthcare Providers & Services industry distribution chart, Safe Fertility Group PCL ranks #14 out of 193 companies for Net-Net Working Capital. This places Safe Fertility Group PCL in the top 7% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.68. 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 Healthcare Providers & Services company?
The median Net-Net Working Capital among Healthcare Providers & Services companies is 7.68, based on 193 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 Safe Fertility Group PCL For the Healthcare Providers & Services industry, the median Net-Net Working Capital is 7.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Fertility Group PCL's current Net-Net Working Capital is ฿4.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safe Fertility Group PCL stock overvalued right now?
Based on GuruFocus' analysis, Safe Fertility Group PCL (BKK:SAFE) is currently considered Significantly Undervalued. The stock's GF Value™ is ฿8.36, compared to a current price of ฿5.35 — trading 36% below its estimated fair value. The current Net-Net Working Capital is ฿4.48. Safe Fertility Group PCL's overall GF Score™ is 43/100 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 Safe Fertility Group PCL (BKK:SAFE), the current Net-Net Working Capital is ฿4.48 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 Safe Fertility Group PCL (BKK:SAFE) Overvalued in 2026?
Based on GuruFocus' analysis, Safe Fertility Group PCL stock appears to be undervalued.
The current stock price of ฿5.35 is trading 36% below its estimated GF Value™ of ฿8.36.
GuruFocus considers Safe Fertility Group PCL to be Significantly Undervalued.
Key valuation signals for BKK:SAFE:
Net-Net Working Capital: ฿4.48
GF Value™: ฿8.36 vs. price of ฿5.35 (36% below fair value)
No single metric tells the full story. See the BKK:SAFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safe Fertility Group PCL operations include Obstetrics and Gynecology hospital and Medical laboratory and Cosmetic dermatology. Majority of the revenue is generated from Obstetrics and Gynecology hospital business segment and provides treatment services for infertility using medical assisted reproductive technology.
43GF 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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