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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.
The industry rank for Bangladesh Submarine Cables's Net-Net Working Capital or its related term are showing as below:
DHA:BSCPLC's Price-to-Net-Net-Working-Capital is ranked worse than 70.91% of 55
companies
in the Telecommunication Services industry
Industry Median: 9.68
vs DHA:BSCPLC: 19.16
Bangladesh Submarine Cables (DHA:BSCPLC) 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.
Bangladesh Submarine Cables Net-Net Working Capital Related Terms
Bangladesh Submarine Cables 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.
Bangladesh Submarine Cables Net-Net Working Capital Chart
DHA:BSCPLC vs VZ, TMUS, T: Net-Net Working Capital Comparison
For the Telecom Services subindustry, Bangladesh Submarine Cables'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.
Bangladesh Submarine Cables Price-to-Net-Net-Working-Capital vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Bangladesh Submarine Cables's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bangladesh Submarine Cables'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 BDT8.21 mean?
Bangladesh Submarine Cables (DHA:BSCPLC) has a Net-Net Working Capital of BDT8.21 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 Bangladesh Submarine Cables According to the industry distribution chart, Bangladesh Submarine Cables ranks #39 out of 55 companies in the Telecommunication Services industry, placing it in the top 70.9%.
Is Bangladesh Submarine Cables' Net-Net Working Capital too high?
Bangladesh Submarine Cables' current Net-Net Working Capital is BDT8.21. Based on the distribution chart, Bangladesh Submarine Cables ranks #39 out of 55 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Bangladesh Submarine Cables has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bangladesh Submarine Cables' Net-Net Working Capital compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Bangladesh Submarine Cables ranks #39 out of 55 companies for Net-Net Working Capital. This places Bangladesh Submarine Cables in the lower half of its industry. The industry median Net-Net Working Capital is 9.68. 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 Telecommunication Services company?
The median Net-Net Working Capital among Telecommunication Services companies is 9.68, based on 55 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 Bangladesh Submarine Cables For the Telecommunication Services industry, the median Net-Net Working Capital is 9.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangladesh Submarine Cables's current Net-Net Working Capital is BDT8.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangladesh Submarine Cables stock overvalued right now?
Based on GuruFocus' analysis, Bangladesh Submarine Cables (DHA:BSCPLC) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT189.02, compared to a current price of BDT157.30 — trading 16.8% below its estimated fair value. The current Net-Net Working Capital is BDT8.21. Bangladesh Submarine Cables' overall GF Score™ is 90/100 with 7 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 Bangladesh Submarine Cables (DHA:BSCPLC), the current Net-Net Working Capital is BDT8.21 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 Bangladesh Submarine Cables (DHA:BSCPLC) Overvalued in 2026?
Based on GuruFocus' analysis, Bangladesh Submarine Cables stock appears to be undervalued.
The current stock price of BDT157.30 is trading 16.8% below its estimated GF Value™ of BDT189.02.
GuruFocus considers Bangladesh Submarine Cables to be Modestly Undervalued.
Key valuation signals for DHA:BSCPLC:
Net-Net Working Capital: BDT8.21
GF Value™: BDT189.02 vs. price of BDT157.30 (16.8% below fair value)
No single metric tells the full story. See the DHA:BSCPLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bangladesh Submarine Cables PLC provides high-capacity bandwidth through submarine cable to IGW, IIG, ISP, and other operators across Bangladesh, ensuring customers benefit from telecom and IT-related services. It is the sole provider of submarine cable bandwidth services in the country, manages the country's submarine cable systems, and also acts as an IIG service provider. The company provides bandwidth and IPLC services (E-1, STM-1, STM-4, STM-16, STM-64/10GE, and 100GE) to IIG and IGW operators, IP transit to IIGs and ISPs, IPLC to corporate and other BTRC-permitted customers, co-location services at its data center and landing stations, and National Internet Exchange (NIX) service.
90GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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