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Bell EquipmentBLLQF 49 Net-Net Working Capital is $0.32 as of Dec. 2025. GuruFocus rates BLLQF with a GF Score™ of 49/100 and a GF Value™ of $0.99 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 73 Farm & Heavy Construction Machinery companies, Bell Equipment ranks worse than 50.68% 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.
Bell Equipment's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $0.32.
The industry rank for Bell Equipment's Net-Net Working Capital or its related term are showing as below:
BLLQF's Price-to-Net-Net-Working-Capital is ranked worse than 50.68% of 73
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 6.91
vs BLLQF: 6.91
Bell Equipment (OTCPK:BLLQF) 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.
Bell Equipment Net-Net Working Capital Related Terms
Bell Equipment Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Bell Equipment'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.
BLLQF vs CAT, DE, PCAR: Net-Net Working Capital Comparison
For the Farm & Heavy Construction Machinery subindustry, Bell Equipment'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.
Bell Equipment Price-to-Net-Net-Working-Capital vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Bell Equipment's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bell Equipment'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 $0.32 mean?
Bell Equipment (BLLQF) has a Net-Net Working Capital of $0.32 as of Dec. 2025. 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 Bell Equipment According to the industry distribution chart, Bell Equipment ranks #37 out of 73 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 50.7%.
Is Bell Equipment's Net-Net Working Capital too high?
Bell Equipment's current Net-Net Working Capital is $0.32. The Farm & Heavy Construction Machinery industry median Net-Net Working Capital is 6.91. Bell Equipment's value of $0.32 is 95.4% below this industry median. Based on the distribution chart, Bell Equipment ranks #37 out of 73 companies in the Farm & Heavy Construction Machinery industry, which is below the industry midpoint. Overall, Bell Equipment has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bell Equipment's Net-Net Working Capital compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Bell Equipment ranks #37 out of 73 companies for Net-Net Working Capital. This places Bell Equipment in the lower half of its industry. The industry median Net-Net Working Capital is 6.91. Bell Equipment's value of $0.32 is 95.4% below this benchmark. 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 Farm & Heavy Construction Machinery company?
The median Net-Net Working Capital among Farm & Heavy Construction Machinery companies is 6.91, based on 73 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. Bell Equipment's current Net-Net Working Capital of $0.32 is 95.4% below the industry median. 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 Bell Equipment For the Farm & Heavy Construction Machinery industry, the median Net-Net Working Capital is 6.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bell Equipment's current Net-Net Working Capital is $0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bell Equipment stock overvalued right now?
Based on GuruFocus' analysis, Bell Equipment (BLLQF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.99, compared to a current price of $2.35 — trading 137.4% above its estimated fair value. The current Net-Net Working Capital is $0.32 and 95.4% below the Farm & Heavy Construction Machinery industry median of 6.91. Bell Equipment's overall GF Score™ is 49/100 with 3 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 Bell Equipment (BLLQF), the current Net-Net Working Capital is $0.32 as of Dec. 2025. 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 Bell Equipment (BLLQF) Overvalued in 2026?
Based on GuruFocus' analysis, Bell Equipment stock appears to be overvalued.
The current stock price of $2.35 is trading 137.4% above its estimated GF Value™ of $0.99.
GuruFocus considers Bell Equipment to be Significantly Overvalued.
Key valuation signals for BLLQF:
Net-Net Working Capital: $0.32
GF Value™: $0.99 vs. price of $2.35 (137.4% above fair value)
Industry Position: 95.4% below the Farm & Heavy Construction Machinery median (#37 of 73)
No single metric tells the full story. See the BLLQF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bell Equipment Ltd designs and manufactures a wide Collection of products. This includes a complete range of Bell forestry and agriculture products. It seeks to develop and support local suppliers and invests in outreach initiatives with a focus on education, training, and development both internally and externally. It conducts two main business operations Manufacturing, assembly, logistics and dealer sales operations which is OEM operations comprising manufacturing, assembly and sales of equipment and aftermarket products to independent dealers for their distribution to market; and Direct Sales operations which is owned distribution operations for direct sales of own manufactured products, other third party products and the supply of aftermarket support and products to market.
49GF 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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