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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.
BSP:ALPK3's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.52 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Allpark Empreendimentos Participacoes Servicos (BSP:ALPK3) 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.
Allpark Empreendimentos Participacoes Servicos Net-Net Working Capital Related Terms
Allpark Empreendimentos Participacoes Servicos 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.
Allpark Empreendimentos Participacoes Servicos Net-Net Working Capital Chart
Allpark Empreendimentos Participacoes Servicos Annual Data
Allpark Empreendimentos Participacoes Servicos Net-Net Working Capital Competitor Comparison
For the Infrastructure Operations subindustry, Allpark Empreendimentos Participacoes Servicos'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.
Allpark Empreendimentos Participacoes Servicos Price-to-Net-Net-Working-Capital vs Construction Industry
* 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 R$-8.44 mean?
Allpark Empreendimentos Participacoes Servicos (BSP:ALPK3) has a Net-Net Working Capital of R$-8.44 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 Allpark Empreendimentos Participacoes Servicos According to the industry distribution chart, Allpark Empreendimentos Participacoes Servicos ranks #999999 out of 475 companies in the Construction industry.
Is Allpark Empreendimentos Participacoes Servicos' Net-Net Working Capital too high?
Allpark Empreendimentos Participacoes Servicos' current Net-Net Working Capital is R$-8.44. Based on the distribution chart, Allpark Empreendimentos Participacoes Servicos ranks #999999 out of 475 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Allpark Empreendimentos Participacoes Servicos has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Allpark Empreendimentos Participacoes Servicos' Net-Net Working Capital compare to competitors?
According to the Construction industry distribution chart, Allpark Empreendimentos Participacoes Servicos ranks #999999 out of 475 companies for Net-Net Working Capital. This places Allpark Empreendimentos Participacoes Servicos in the lower half of its industry. The industry median Net-Net Working Capital is 6.52. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.52, based on 475 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 Allpark Empreendimentos Participacoes Servicos For the Construction industry, the median Net-Net Working Capital is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Allpark Empreendimentos Participacoes Servicos's current Net-Net Working Capital is R$-8.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Allpark Empreendimentos Participacoes Servicos stock overvalued right now?
Based on GuruFocus' analysis, Allpark Empreendimentos Participacoes Servicos (BSP:ALPK3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$4.84, compared to a current price of R$4.18 — trading 13.6% below its estimated fair value. The current Net-Net Working Capital is R$-8.44. Allpark Empreendimentos Participacoes Servicos' overall GF Score™ is 73/100 with 2 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 Allpark Empreendimentos Participacoes Servicos (BSP:ALPK3), the current Net-Net Working Capital is R$-8.44 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 Allpark Empreendimentos Participacoes Servicos (BSP:ALPK3) Overvalued in 2026?
Based on GuruFocus' analysis, Allpark Empreendimentos Participacoes Servicos stock appears to be undervalued.
The current stock price of R$4.18 is trading 13.6% below its estimated GF Value™ of R$4.84.
GuruFocus considers Allpark Empreendimentos Participacoes Servicos to be Modestly Undervalued.
Key valuation signals for BSP:ALPK3:
Net-Net Working Capital: R$-8.44
GF Value™: R$4.84 vs. price of R$4.18 (13.6% below fair value)
No single metric tells the full story. See the BSP:ALPK3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Allpark Empreendimentos Participacoes Servicos SA is engaged in the management, exploration, and/or control of vehicle parking activity, provision of technical services, administration, advisory, and planning related to vehicle parking, for private or public companies, including in special areas for rotating vehicle parking, located on public roads or streets; and execution of projects, implementation and maintenance of signaling vertical and horizontal for the transport system.
73GF Score
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