VGI PCLBKK:VGI-R 62 Net-Net Working Capital is ฿0.79 as of Mar. 2026. GuruFocus rates BKK:VGI-R with a GF Score™ of 62/100 and a GF Value™ of ฿1.01. The stock has 4 warning signs investors should review. Among 111 Conglomerates companies, VGI PCL ranks better than 90.99% 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.
VGI PCL's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ฿0.79.
The industry rank for VGI PCL's Net-Net Working Capital or its related term are showing as below:
BKK:VGI-R's Price-to-Net-Net-Working-Capital is ranked better than 90.99% of 111
companies
in the Conglomerates industry
Industry Median: 5.58
vs BKK:VGI-R: 1.17
VGI PCL (BKK:VGI-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.
VGI PCL Net-Net Working Capital Related Terms
VGI PCL Net-Net Working Capital Historical Data
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The historical data trend for VGI 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:VGI-R vs HON, MMM: Net-Net Working Capital Comparison
For the Conglomerates subindustry, VGI 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.
VGI PCL Price-to-Net-Net-Working-Capital vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, VGI PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where VGI 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 ฿0.79 mean?
VGI PCL (BKK:VGI-R) has a Net-Net Working Capital of ฿0.79 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 VGI PCL According to the industry distribution chart, VGI PCL ranks #10 out of 111 companies in the Conglomerates industry, placing it in the top 9%.
Is VGI PCL's Net-Net Working Capital too high?
VGI PCL's current Net-Net Working Capital is ฿0.79. Based on the distribution chart, VGI PCL ranks #10 out of 111 companies in the Conglomerates industry, which is in the top quartile — a strong position relative to peers. Overall, VGI PCL has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does VGI PCL's Net-Net Working Capital compare to HON and MMM?
According to the Conglomerates industry distribution chart, VGI PCL ranks #10 out of 111 companies for Net-Net Working Capital. This places VGI PCL in the top 9% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 5.58. 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 Conglomerates company?
The median Net-Net Working Capital among Conglomerates companies is 5.58, based on 111 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 VGI PCL For the Conglomerates industry, the median Net-Net Working Capital is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. VGI PCL's current Net-Net Working Capital is ฿0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VGI PCL stock overvalued right now?
VGI PCL (BKK:VGI-R) has a current Net-Net Working Capital of ฿0.79. The stock's GF Value™ is ฿1.01, compared to a current price of ฿0.83 — trading 17.8% below its estimated fair value. The current Net-Net Working Capital is ฿0.79. VGI PCL's overall GF Score™ is 62/100 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 VGI PCL (BKK:VGI-R), the current Net-Net Working Capital is ฿0.79 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 VGI PCL (BKK:VGI-R) Overvalued in 2026?
Based on GuruFocus' analysis, VGI PCL stock appears to be undervalued.
The current stock price of ฿0.83 is trading 17.8% below its estimated GF Value™ of ฿1.01.
Key valuation signals for BKK:VGI-R:
Net-Net Working Capital: ฿0.79
GF Value™: ฿1.01 vs. price of ฿0.83 (17.8% below fair value)
No single metric tells the full story. See the BKK:VGI-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
VGI PCL is principally engaged in the arrangement and provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, in office buildings, and other spaces and the rental at BTS stations.is organised into business units based on the services it provides, and there are four reportable segments as follows: the Transit segment, the Digital service segment, the Distribution segment, and the Other segment. The majority of the revenue is derived from the Transit segment, which provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, on BTS Column and the rental of retail space at BTS stations. Geographically, the company operates in Thailand.
62GF Score
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