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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.
Bursa De Valori Bucuresti's Net-Net Working Capital for the quarter that ended in Mar. 2026 was lei2.59.
The industry rank for Bursa De Valori Bucuresti's Net-Net Working Capital or its related term are showing as below:
BSE:BVB's Price-to-Net-Net-Working-Capital is ranked worse than 89.21% of 278
companies
in the Capital Markets industry
Industry Median: 4.57
vs BSE:BVB: 34.36
Bursa De Valori Bucuresti (BSE:BVB) 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.
Bursa De Valori Bucuresti Net-Net Working Capital Related Terms
Bursa De Valori Bucuresti Net-Net Working Capital Historical Data
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The historical data trend for Bursa De Valori Bucuresti'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.
Bursa De Valori Bucuresti Net-Net Working Capital Chart
BSE:BVB vs SPGI, CME, ICE: Net-Net Working Capital Comparison
For the Financial Data & Stock Exchanges subindustry, Bursa De Valori Bucuresti'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.
Bursa De Valori Bucuresti Price-to-Net-Net-Working-Capital vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bursa De Valori Bucuresti's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bursa De Valori Bucuresti'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 lei2.59 mean?
Bursa De Valori Bucuresti (BSE:BVB) has a Net-Net Working Capital of lei2.59 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 Bursa De Valori Bucuresti According to the industry distribution chart, Bursa De Valori Bucuresti ranks #248 out of 278 companies in the Capital Markets industry, placing it in the top 89.2%.
Is Bursa De Valori Bucuresti's Net-Net Working Capital too high?
Bursa De Valori Bucuresti's current Net-Net Working Capital is lei2.59. Based on the distribution chart, Bursa De Valori Bucuresti ranks #248 out of 278 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Bursa De Valori Bucuresti has a GF Score™ of 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bursa De Valori Bucuresti's Net-Net Working Capital compare to SPGI and CME?
According to the Capital Markets industry distribution chart, Bursa De Valori Bucuresti ranks #248 out of 278 companies for Net-Net Working Capital. This places Bursa De Valori Bucuresti in the lower half of its industry. The industry median Net-Net Working Capital is 4.57. 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 4.57, based on 278 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 Bursa De Valori Bucuresti For the Capital Markets industry, the median Net-Net Working Capital is 4.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bursa De Valori Bucuresti's current Net-Net Working Capital is lei2.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bursa De Valori Bucuresti stock overvalued right now?
Based on GuruFocus' analysis, Bursa De Valori Bucuresti (BSE:BVB) is currently considered Significantly Overvalued. The stock's GF Value™ is lei48.89, compared to a current price of lei90.60 — trading 85.3% above its estimated fair value. The current Net-Net Working Capital is lei2.59. Bursa De Valori Bucuresti's overall GF Score™ is 95/100 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 Bursa De Valori Bucuresti (BSE:BVB), the current Net-Net Working Capital is lei2.59 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.
Is Bursa De Valori Bucuresti (BSE:BVB) Overvalued in 2026?
Based on GuruFocus' analysis, Bursa De Valori Bucuresti stock appears to be overvalued.
The current stock price of lei90.60 is trading 85.3% above its estimated GF Value™ of lei48.89.
GuruFocus considers Bursa De Valori Bucuresti to be Significantly Overvalued.
Key valuation signals for BSE:BVB:
Net-Net Working Capital: lei2.59
GF Value™: lei48.89 vs. price of lei90.60 (85.3% above fair value)
No single metric tells the full story. See the BSE:BVB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bursa De Valori Bucuresti SA is engaged in the management and operation of financial markets. The company operates through four business segments, including Capital Markets, Post-trading Services, Registry Services, and CCP.RO Services. The Capital Markets segment involves trading in securities and financial instruments on regulated markets. Post-trading Services include services provided after the completion of transactions until funds are received and securities are transferred to portfolios. Registry Services involve maintaining and updating shareholder registers for listed companies. CCP.RO Services relate to the implementation and operation of central counterparty activities. The majority of the company's revenue is generated from Capital Markets trading services.
95GF Score
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