Bion Environmental TechnologiesBNET 28 Net-Net Working Capital is $-0.12 as of Mar. 2026. GuruFocus rates BNET with a GF Score™ of 28/100. The stock has 4 warning signs investors should review. Among 1,364 Industrial Products companies, Bion Environmental Technologies ranks worse than 73313.71% 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.
BNET's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 8.78 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Bion Environmental Technologies (OTCPK:BNET) 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.
Bion Environmental Technologies Net-Net Working Capital Related Terms
Bion Environmental Technologies 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.
Bion Environmental Technologies Net-Net Working Capital Chart
BNET vs LIQT, CLWT, EESH: Net-Net Working Capital Comparison
For the Pollution & Treatment Controls subindustry, Bion Environmental Technologies'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.
Bion Environmental Technologies Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Bion Environmental Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bion Environmental Technologies'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 $-0.12 mean?
Bion Environmental Technologies (BNET) has a Net-Net Working Capital of $-0.12 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 Bion Environmental Technologies According to the industry distribution chart, Bion Environmental Technologies ranks #999999 out of 1364 companies in the Industrial Products industry.
Is Bion Environmental Technologies' Net-Net Working Capital too high?
Bion Environmental Technologies' current Net-Net Working Capital is $-0.12. Based on the distribution chart, Bion Environmental Technologies ranks #999999 out of 1364 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Bion Environmental Technologies has a GF Score™ of 28/100, reflecting its overall financial health beyond just this single metric.
How does Bion Environmental Technologies' Net-Net Working Capital compare to LIQT and CLWT?
According to the Industrial Products industry distribution chart, Bion Environmental Technologies ranks #999999 out of 1364 companies for Net-Net Working Capital. This places Bion Environmental Technologies in the lower half of its industry. The industry median Net-Net Working Capital is 8.78. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.78, based on 1,364 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 Bion Environmental Technologies For the Industrial Products industry, the median Net-Net Working Capital is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bion Environmental Technologies's current Net-Net Working Capital is $-0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bion Environmental Technologies stock overvalued right now?
Bion Environmental Technologies (BNET) has a current Net-Net Working Capital of $-0.12. The current Net-Net Working Capital is $-0.12. Bion Environmental Technologies' overall GF Score™ is 28/100 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 Bion Environmental Technologies (BNET), the current Net-Net Working Capital is $-0.12 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.
Bion Environmental Technologies Business Description
Bion Environmental Technologies Inc provides sustainable environmental and economic solutions to the food and livestock industry. Its technology offers a comprehensive treatment of livestock waste that largely eliminates its environmental impacts, while simultaneously recovering valuable assets from the waste stream, including renewable energy, nutrients, and clean water that have traditionally been wasted or underutilized. Revenues are generated from the sale of nutrient reduction credits. Geographically, the operations are conducted through the region of the United States. The Company operates a single reportable segment: advanced waste treatment and resource recovery solutions for organic waste streams.
28GF Score
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