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.
Bolsa de Valores de Colombia's Net-Net Working Capital for the quarter that ended in Dec. 2025 was COP-2,648,020.01.
The industry rank for Bolsa de Valores de Colombia's Net-Net Working Capital or its related term are showing as below:
BOG:BVC's Price-to-Net-Net-Working-Capital is not ranked *
in the Capital Markets industry.
Industry Median: 5.04 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Bolsa de Valores de Colombia (BOG:BVC) 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.
Bolsa de Valores de Colombia Net-Net Working Capital Related Terms
Bolsa de Valores de Colombia 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.
Bolsa de Valores de Colombia Net-Net Working Capital Chart
BOG:BVC vs SPGI, CME, MCO: Net-Net Working Capital Comparison
For the Financial Data & Stock Exchanges subindustry, Bolsa de Valores de Colombia'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.
Bolsa de Valores de Colombia Price-to-Net-Net-Working-Capital vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bolsa de Valores de Colombia's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bolsa de Valores de Colombia'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 COP-2,648,020.01 mean?
Bolsa de Valores de Colombia (BOG:BVC) has a Net-Net Working Capital of COP-2,648,020.01 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 Bolsa de Valores de Colombia According to the industry distribution chart, Bolsa de Valores de Colombia ranks #999999 out of 289 companies in the Capital Markets industry.
Is Bolsa de Valores de Colombia's Net-Net Working Capital too high?
Bolsa de Valores de Colombia's current Net-Net Working Capital is COP-2,648,020.01. Based on the distribution chart, Bolsa de Valores de Colombia ranks #999999 out of 289 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Bolsa de Valores de Colombia has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bolsa de Valores de Colombia's Net-Net Working Capital compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bolsa de Valores de Colombia ranks #999999 out of 289 companies for Net-Net Working Capital. This places Bolsa de Valores de Colombia in the lower half of its industry. The industry median Net-Net Working Capital is 5.04. 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 Capital Markets company?
The median Net-Net Working Capital among Capital Markets companies is 5.04, based on 289 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 Bolsa de Valores de Colombia For the Capital Markets industry, the median Net-Net Working Capital is 5.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bolsa de Valores de Colombia's current Net-Net Working Capital is COP-2,648,020.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bolsa de Valores de Colombia stock overvalued right now?
Based on GuruFocus' analysis, Bolsa de Valores de Colombia (BOG:BVC) is currently considered Fairly Valued. The stock's GF Value™ is COP14,145.26, compared to a current price of COP15,400.00 — trading 8.9% above its estimated fair value. The current Net-Net Working Capital is COP-2,648,020.01. Bolsa de Valores de Colombia's overall GF Score™ is 78/100 with 8 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 Bolsa de Valores de Colombia (BOG:BVC), the current Net-Net Working Capital is COP-2,648,020.01 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 Bolsa de Valores de Colombia (BOG:BVC) Overvalued in 2026?
Based on GuruFocus' analysis, Bolsa de Valores de Colombia stock appears to be overvalued.
The current stock price of COP15,400.00 is trading 8.9% above its estimated GF Value™ of COP14,145.26.
GuruFocus considers Bolsa de Valores de Colombia to be Fairly Valued.
Key valuation signals for BOG:BVC:
Net-Net Working Capital: COP-2,648,020.01
GF Value™: COP14,145.26 vs. price of COP15,400.00 (8.9% above fair value)
No single metric tells the full story. See the BOG:BVC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bolsa de Valores de Colombia SA is a operator of the Colombian capital markets infrastructure. The company offers solutions and services for Issuers (issuer services and issuances), Trading (access, transactions, and registration), Post-trading (risk management, clearing, settlement, custody, and securities administration), and Information (market information and price provision) in the transactional and OTC markets for equities, fixed income, derivatives, and foreign exchange.
78GF Score
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