Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
World Flex PCLBKK:WFX +1.01%42 Net-Net Working Capital is ฿-0.55 as of Jun. 2026. GuruFocus rates BKK:WFX with a GF Score™ of 42/100 and a GF Value™ of ฿0.88 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 373 Manufacturing - Apparel & Accessories companies, World Flex PCL ranks worse than 268096.25% 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.
World Flex PCL's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ฿-0.55.
The industry rank for World Flex PCL's Net-Net Working Capital or its related term are showing as below:
BKK:WFX's Price-to-Net-Net-Working-Capital is not ranked *
in the Manufacturing - Apparel & Accessories industry.
Industry Median: 5.71 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
World Flex PCL (BKK:WFX) 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.
World Flex PCL Net-Net Working Capital Related Terms
World Flex PCL Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for World Flex 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.
World Flex PCL Net-Net Working Capital Competitor Comparison
For the Textile Manufacturing subindustry, World Flex 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.
World Flex PCL Price-to-Net-Net-Working-Capital vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, World Flex PCL's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where World Flex 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 ฿-0.55 mean?
World Flex PCL (BKK:WFX) has a Net-Net Working Capital of ฿-0.55 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 World Flex PCL According to the industry distribution chart, World Flex PCL ranks #999999 out of 373 companies in the Manufacturing - Apparel & Accessories industry.
Is World Flex PCL's Net-Net Working Capital too high?
World Flex PCL's current Net-Net Working Capital is ฿-0.55. Based on the distribution chart, World Flex PCL ranks #999999 out of 373 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, World Flex PCL has a GF Score™ of 42/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does World Flex PCL's Net-Net Working Capital compare to competitors?
According to the Manufacturing - Apparel & Accessories industry distribution chart, World Flex PCL ranks #999999 out of 373 companies for Net-Net Working Capital. This places World Flex PCL in the lower half of its industry. The industry median Net-Net Working Capital is 5.71. 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 Manufacturing - Apparel & Accessories company?
The median Net-Net Working Capital among Manufacturing - Apparel & Accessories companies is 5.71, based on 373 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 World Flex PCL For the Manufacturing - Apparel & Accessories industry, the median Net-Net Working Capital is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. World Flex PCL's current Net-Net Working Capital is ฿-0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is World Flex PCL stock overvalued right now?
Based on GuruFocus' analysis, World Flex PCL (BKK:WFX) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿0.88, compared to a current price of ฿1.00 — trading 13.6% above its estimated fair value. The current Net-Net Working Capital is ฿-0.55. World Flex PCL's overall GF Score™ is 42/100 with 2 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 World Flex PCL (BKK:WFX), the current Net-Net Working Capital is ฿-0.55 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 World Flex PCL (BKK:WFX) Overvalued in 2026?
Based on GuruFocus' analysis, World Flex PCL stock appears to be overvalued.
The current stock price of ฿1.00 is trading 13.6% above its estimated GF Value™ of ฿0.88.
GuruFocus considers World Flex PCL to be Modestly Overvalued.
Key valuation signals for BKK:WFX:
Net-Net Working Capital: ฿-0.55
GF Value™: ฿0.88 vs. price of ฿1.00 (13.6% above fair value)
No single metric tells the full story. See the BKK:WFX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
World Flex PCL is engaged in the manufacturing of high-quality rubber thread. Its products include rubber threads coated with talcum and rubber threads coated with polymer, both of which are ideal for the textile industry that requires softness and swiftness, and are also ideal for all types of machinery. Geographically, the company generates a majority of its revenue from the People's Republic of China and Asia (other than China), and also operates in Thailand, Europe, South and North America, and Africa.
42GF Score
Get the complete analysis for BKK:WFX
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BKK:WFX has been successfully added to your 
