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BPRN (Princeton Bancorp) Net-Net Working Capital : $-265.04 (As of Mar. 2025)


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What is Princeton Bancorp Net-Net Working Capital?

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.

Princeton Bancorp's Net-Net Working Capital for the quarter that ended in Mar. 2025 was $-265.04.

The industry rank for Princeton Bancorp's Net-Net Working Capital or its related term are showing as below:

BPRN's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 5.07
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Princeton Bancorp Net-Net Working Capital Historical Data

The historical data trend for Princeton Bancorp'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.

* Premium members only.

Princeton Bancorp Net-Net Working Capital Chart

Princeton Bancorp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -183.70 -209.07 -203.65 -245.41 -268.00

Princeton Bancorp Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -251.91 -247.02 -271.15 -268.00 -265.04

Competitive Comparison of Princeton Bancorp's Net-Net Working Capital

For the Banks - Regional subindustry, Princeton Bancorp'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.


Princeton Bancorp's Price-to-Net-Net-Working-Capital Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Princeton Bancorp's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Princeton Bancorp's Price-to-Net-Net-Working-Capital falls into.


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Princeton Bancorp Net-Net Working Capital Calculation

Princeton Bancorp's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2024 is calculated as

Net-Net Working Capital(A: Dec. 2024 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(33.644+193.947+0.75 * 7.975+0.5 * 0-2078.193
-0-0)/6.883
=-268.00

Princeton Bancorp's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2025 is calculated as

Net-Net Working Capital(Q: Mar. 2025 )
=(Balance Sheet Cash And Cash Equivalents+Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(22.78+187.06+0.75 * 8.146+0.5 * 0-2051.11
-0-0)/6.924
=-265.04

* 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.


Princeton Bancorp  (NAS:BPRN) 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.


Princeton Bancorp Net-Net Working Capital Related Terms

Thank you for viewing the detailed overview of Princeton Bancorp's Net-Net Working Capital provided by GuruFocus.com. Please click on the following links to see related term pages.


Princeton Bancorp Business Description

Traded in Other Exchanges
N/A
Address
183 Bayard Lane, Princeton, NJ, USA, 08540
Princeton Bancorp Inc is a banking company. It is a full-service financial institution that provides business and personal banking. Its personal banking and business banking services include checking accounts and savings accounts. It offers traditional retail banking services, one-to-four-family residential mortgage loans, multi-family and commercial mortgage loans, construction loans, commercial business loans, and consumer loans, including home equity loans and lines of credit. The Bank also has two retail branches and conducts loan origination activities in select areas of the New York City metropolitan area.
Executives
Martin Tuchman director 633 PROSPECT AVE, PRINCETON NJ 08540
Stephanie Adkins officer: Chief Lending Officer 183 BAYARD LANE, PRINCETON NJ 08540
Christopher Tonkovich officer: Chief Credit Officer 183 BAYARD LANE, PRINCETON NJ 08540
Daniel J. O'donnell officer: Chief Operating Officer 183 BAYARD LANE, PRINCETON NJ 08540
Matthew T. Clark officer: Chief Information Officer 183 BAYARD LANE, PRINCETON NJ 08540
Robert N. Ridolfi director 183 BAYARD LANE, PRINCETON NJ 08540
Stephen Distler director 183 BAYARD LANE, PRINCETON NJ 08540
Judith A. Giacin director 183 BAYARD LANE, PRINCETON NJ 08540
Richard J. Gillespie director 183 BAYARD LANE, PRINCETON NJ 08540
Ross Wishnick director FIRST WASHINGTON STATE BANK, RT 130 & MANIN STREET, WINDSOR NJ 08561
Stephen Shueh director 183 BAYARD LANE, PRINCETON NJ 08540
George S. Rapp officer: Chief Financial Officer HARLEYSVILLE NATIONAL CORP, 483 MAIN STREET, HARLEYSVILLE PA 19438
Edward J Dietzler director, officer: Chief Executive Officer 2465 KUSER ROAD, HAMILTON NJ 08690