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.
The industry rank for United Palm Oil Industry PCL's Net-Net Working Capital or its related term are showing as below:
BKK:UPOIC-R's Price-to-Net-Net-Working-Capital is ranked worse than 88.74% of 657
companies
in the Consumer Packaged Goods industry
Industry Median: 6.58
vs BKK:UPOIC-R: 36.58
United Palm Oil Industry PCL (BKK:UPOIC-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.
United Palm Oil Industry PCL Net-Net Working Capital Related Terms
United Palm Oil Industry 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.
United Palm Oil Industry PCL Net-Net Working Capital Chart
BKK:UPOIC-R vs ADM, BG, TSN: Net-Net Working Capital Comparison
For the Farm Products subindustry, United Palm Oil Industry 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.
United Palm Oil Industry PCL Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, United Palm Oil Industry PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where United Palm Oil Industry 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 ฿0.19 mean?
United Palm Oil Industry PCL (BKK:UPOIC-R) has a Net-Net Working Capital of ฿0.19 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 United Palm Oil Industry PCL According to the industry distribution chart, United Palm Oil Industry PCL ranks #583 out of 657 companies in the Consumer Packaged Goods industry, placing it in the top 88.7%.
Is United Palm Oil Industry PCL's Net-Net Working Capital too high?
United Palm Oil Industry PCL's current Net-Net Working Capital is ฿0.19. Based on the distribution chart, United Palm Oil Industry PCL ranks #583 out of 657 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, United Palm Oil Industry PCL has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does United Palm Oil Industry PCL's Net-Net Working Capital compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, United Palm Oil Industry PCL ranks #583 out of 657 companies for Net-Net Working Capital. This places United Palm Oil Industry PCL in the lower half of its industry. The industry median Net-Net Working Capital is 6.58. 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 6.58, based on 657 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 United Palm Oil Industry PCL For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Palm Oil Industry PCL's current Net-Net Working Capital is ฿0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Palm Oil Industry PCL stock overvalued right now?
United Palm Oil Industry PCL (BKK:UPOIC-R) has a current Net-Net Working Capital of ฿0.19. The stock's GF Value™ is ฿7.70, compared to a current price of ฿6.95 — trading 9.7% below its estimated fair value. The current Net-Net Working Capital is ฿0.19. United Palm Oil Industry PCL's overall GF Score™ is 74/100 with 5 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 United Palm Oil Industry PCL (BKK:UPOIC-R), the current Net-Net Working Capital is ฿0.19 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 United Palm Oil Industry PCL (BKK:UPOIC-R) Overvalued in 2026?
Based on GuruFocus' analysis, United Palm Oil Industry PCL stock appears to be undervalued.
The current stock price of ฿6.95 is trading 9.7% below its estimated GF Value™ of ฿7.70.
Key valuation signals for BKK:UPOIC-R:
Net-Net Working Capital: ฿0.19
GF Value™: ฿7.70 vs. price of ฿6.95 (9.7% below fair value)
No single metric tells the full story. See the BKK:UPOIC-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Palm Oil Industry PCL engaged in the manufacture of crude palm oil and palm kernel oil. The company's business operations involve two principal segments; oil palm plantation, crude palm oil and crude palm kernel oil processing, which generates key revenue; and the generation of electricity from biogases and biomasses. These activities are carried on exclusively in a single geographic area of Thailand.
74GF 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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