Export Import Bank of Bangladesh (DHA:EXIMBANK) Net-Net Working Capital: BDT-395.47 (As of Sep. 2025)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DHA:EXIMBANK Export Import Bank of Bangladesh PLC DHA:EXIMBANK
61 GF Score
Price BDT9.10
GF Value BDT8.23
! 6 Warning Signs
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What is Export Import Bank of Bangladesh Net-Net Working Capital?

Export Import Bank of Bangladesh DHA:EXIMBANK 61 Net-Net Working Capital is BDT-395.47 as of Sep. 2025. GuruFocus rates DHA:EXIMBANK with a GF Score™ of 61/100 and a GF Value™ of BDT8.23. The stock has 6 warning signs investors should review.

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.

Export Import Bank of Bangladesh's Net-Net Working Capital for the quarter that ended in Sep. 2025 was BDT-395.47.

The industry rank for Export Import Bank of Bangladesh's Net-Net Working Capital or its related term are showing as below:

DHA:EXIMBANK's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 2
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Export Import Bank of Bangladesh  (DHA:EXIMBANK) 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.


Export Import Bank of Bangladesh Net-Net Working Capital Related Terms


Export Import Bank of Bangladesh Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Export Import Bank of Bangladesh'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.

Export Import Bank of Bangladesh Net-Net Working Capital Chart

Export Import Bank of Bangladesh 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 -284.89 -310.70 -321.40 -346.75 -382.73

Export Import Bank of Bangladesh Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 -384.94 -382.73 -387.29 -396.98 -395.47

Export Import Bank of Bangladesh Net-Net Working Capital Competitor Comparison

For the Banks - Regional subindustry, Export Import Bank of Bangladesh'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.


Export Import Bank of Bangladesh Price-to-Net-Net-Working-Capital vs Banks Industry

For the Banks industry and Financial Services sector, Export Import Bank of Bangladesh's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Export Import Bank of Bangladesh's Price-to-Net-Net-Working-Capital falls into.


DHA:EXIMBANK
61GF Score
Export Import Bank of Bangladesh PLC DHA:EXIMBANK
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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Export Import Bank of Bangladesh Net-Net Working Capital Calculation

Export Import Bank of Bangladesh'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)
=(40665.896+0+0.75 * 0+0.5 * 0-594687.949
-0-0.111)/1447.557
=-382.73

Export Import Bank of Bangladesh's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2025 is calculated as

Net-Net Working Capital(Q: Sep. 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)
=(9154.538+0+0.75 * 0+0.5 * 0-581623.484
-0-0.114)/1447.557
=-395.47

* 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 BDT-395.47 mean?
Export Import Bank of Bangladesh (DHA:EXIMBANK) has a Net-Net Working Capital of BDT-395.47 as of Sep. 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 Export Import Bank of Bangladesh
Is Export Import Bank of Bangladesh's Net-Net Working Capital too high?
Export Import Bank of Bangladesh's current Net-Net Working Capital is BDT-395.47. Overall, Export Import Bank of Bangladesh has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Export Import Bank of Bangladesh's Net-Net Working Capital compare to competitors?
Export Import Bank of Bangladesh's Net-Net Working Capital of BDT-395.47 can be compared against companies in the Banks industry. The industry median Net-Net Working Capital is 2.00. 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 Banks company?
The median Net-Net Working Capital among Banks companies is 2.00, based on 9 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 Export Import Bank of Bangladesh For the Banks industry, the median Net-Net Working Capital is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Export Import Bank of Bangladesh's current Net-Net Working Capital is BDT-395.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Export Import Bank of Bangladesh stock overvalued right now?
Export Import Bank of Bangladesh (DHA:EXIMBANK) has a current Net-Net Working Capital of BDT-395.47. The stock's GF Value™ is BDT8.23, compared to a current price of BDT9.10 — trading 10.6% above its estimated fair value. The current Net-Net Working Capital is BDT-395.47. Export Import Bank of Bangladesh's overall GF Score™ is 61/100 with 6 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 Export Import Bank of Bangladesh (DHA:EXIMBANK), the current Net-Net Working Capital is BDT-395.47 as of Sep. 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 Export Import Bank of Bangladesh (DHA:EXIMBANK) Overvalued in 2026?

Based on GuruFocus' analysis, Export Import Bank of Bangladesh stock appears to be overvalued. The current stock price of BDT9.10 is trading 10.6% above its estimated GF Value™ of BDT8.23.

Key valuation signals for DHA:EXIMBANK:

  • Net-Net Working Capital: BDT-395.47
  • GF Value™: BDT8.23 vs. price of BDT9.10 (10.6% above fair value)
  • GF Score™: 61/100 with 6 warning signs

No single metric tells the full story. See the DHA:EXIMBANK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Export Import Bank of Bangladesh Business Description

Address Bir Uttam A. K. Khondokar Road, Road No.15, Plot No. 15, Block No. CWS C, Gulshan-1, Dhaka, BGD, 1212
Export Import Bank of Bangladesh PLC provides commercial banking. Its services include mobilizing deposits, providing investment facilities, discounting bills, conducting money transfers, and conducting foreign exchange transactions. It also provides services like safekeeping, issuing guarantees, acceptances, letters of credit, etc.
61GF Score

Get the complete analysis for DHA:EXIMBANK

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT9.10
Price
BDT8.23
GF Value