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Stecon Group PCLBKK:STECON 8 Net-Net Working Capital is ฿-21.05 as of Jun. 2026. GuruFocus rates BKK:STECON with a GF Score™ of 8/100. The stock has 7 warning signs investors should review. Among 475 Construction companies, Stecon Group PCL ranks worse than 210526.11% 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.
Stecon Group PCL's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ฿-21.05.
The industry rank for Stecon Group PCL's Net-Net Working Capital or its related term are showing as below:
BKK:STECON's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.44 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Stecon Group PCL (BKK:STECON) 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.
Stecon Group PCL Net-Net Working Capital Related Terms
Stecon Group PCL Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Stecon 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.
BKK:STECON vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, Stecon 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.
Stecon Group PCL Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Stecon Group PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Stecon 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 ฿-21.05 mean?
Stecon Group PCL (BKK:STECON) has a Net-Net Working Capital of ฿-21.05 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 Stecon Group PCL According to the industry distribution chart, Stecon Group PCL ranks #999999 out of 475 companies in the Construction industry.
Is Stecon Group PCL's Net-Net Working Capital too high?
Stecon Group PCL's current Net-Net Working Capital is ฿-21.05. Based on the distribution chart, Stecon Group PCL ranks #999999 out of 475 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Stecon Group PCL has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Stecon Group PCL's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, Stecon Group PCL ranks #999999 out of 475 companies for Net-Net Working Capital. This places Stecon Group PCL in the lower half of its industry. The industry median Net-Net Working Capital is 6.44. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.44, based on 475 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 Stecon Group PCL For the Construction industry, the median Net-Net Working Capital is 6.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stecon Group PCL's current Net-Net Working Capital is ฿-21.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stecon Group PCL stock overvalued right now?
Stecon Group PCL (BKK:STECON) has a current Net-Net Working Capital of ฿-21.05. The current Net-Net Working Capital is ฿-21.05. Stecon Group PCL's overall GF Score™ is 8/100 with 7 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 Stecon Group PCL (BKK:STECON), the current Net-Net Working Capital is ฿-21.05 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.
Stecon Group PCL is an engineering and construction company. The group works on government and private projects, including civil and mechanical works. Its services include Infrastructure, Building, Power and energy, Industrial, and Environmental. Geographically, the company operates in Thailand.
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