Linde Bangladesh (DHA:LINDEBD) Net-Net Working Capital: BDT-1.15 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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DHA:LINDEBD Linde Bangladesh Ltd DHA:LINDEBD
73 GF Score
Price BDT701.80
GF Value BDT905.00
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Linde Bangladesh Net-Net Working Capital?

Linde Bangladesh DHA:LINDEBD -0.65% 73 Net-Net Working Capital is BDT-1.15 as of Jun. 2026. GuruFocus rates DHA:LINDEBD with a GF Score™ of 73/100 and a GF Value™ of BDT905.00 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 580 Chemicals companies, Linde Bangladesh ranks worse than 172413.62% on this metric.

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.

Linde Bangladesh's Net-Net Working Capital for the quarter that ended in Jun. 2026 was BDT-1.15.

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

DHA:LINDEBD's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 8.34
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Linde Bangladesh  (DHA:LINDEBD) 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.


Linde Bangladesh Net-Net Working Capital Related Terms


Linde Bangladesh Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Linde 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.

Linde Bangladesh Net-Net Working Capital Chart

Linde Bangladesh Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 113.74 100.70 45.27 -6.36 -8.47

Linde Bangladesh Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -18.48 -14.45 -8.47 6.23 -1.15

DHA:LINDEBD vs LIN, SHW, ECL: Net-Net Working Capital Comparison

For the Specialty Chemicals subindustry, Linde 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.


Linde Bangladesh Price-to-Net-Net-Working-Capital vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Linde Bangladesh's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


DHA:LINDEBD
73GF Score
Linde Bangladesh Ltd DHA:LINDEBD
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Linde Bangladesh Net-Net Working Capital Calculation

Linde Bangladesh's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1115.535+0.75 * 688.566+0.5 * 339.667-1930.685
-0-0)/15.218
=-8.47

Linde Bangladesh's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1235.381+0.75 * 640.072+0.5 * 329.095-1897.528
-0-0)/15.218
=-1.15

* 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-1.15 mean?
Linde Bangladesh (DHA:LINDEBD) has a Net-Net Working Capital of BDT-1.15 as of Jun. 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 Linde Bangladesh According to the industry distribution chart, Linde Bangladesh ranks #999999 out of 580 companies in the Chemicals industry.
Is Linde Bangladesh's Net-Net Working Capital too high?
Linde Bangladesh's current Net-Net Working Capital is BDT-1.15. Based on the distribution chart, Linde Bangladesh ranks #999999 out of 580 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Linde Bangladesh has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Linde Bangladesh's Net-Net Working Capital compare to LIN and SHW?
According to the Chemicals industry distribution chart, Linde Bangladesh ranks #999999 out of 580 companies for Net-Net Working Capital. This places Linde Bangladesh in the lower half of its industry. The industry median Net-Net Working Capital is 8.34. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 8.34, based on 580 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 Linde Bangladesh For the Chemicals industry, the median Net-Net Working Capital is 8.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Linde Bangladesh's current Net-Net Working Capital is BDT-1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Linde Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, Linde Bangladesh (DHA:LINDEBD) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT905.00, compared to a current price of BDT701.80 — trading 22.5% below its estimated fair value. The current Net-Net Working Capital is BDT-1.15. Linde Bangladesh's overall GF Score™ is 73/100 with 3 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 Linde Bangladesh (DHA:LINDEBD), the current Net-Net Working Capital is BDT-1.15 as of Jun. 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 Linde Bangladesh (DHA:LINDEBD) Overvalued in 2026?

Based on GuruFocus' analysis, Linde Bangladesh stock appears to be undervalued. The current stock price of BDT701.80 is trading 22.5% below its estimated GF Value™ of BDT905.00. GuruFocus considers Linde Bangladesh to be Modestly Undervalued.

Key valuation signals for DHA:LINDEBD:

  • Net-Net Working Capital: BDT-1.15
  • GF Value™: BDT905.00 vs. price of BDT701.80 (22.5% below fair value)
  • GF Score™: 73/100 with 3 warning signs

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


Linde Bangladesh Business Description

Address 285 Tejgaon Industrial Area, Dhaka, BGD, 1208
Linde Bangladesh Ltd is a multinational industrial and medical gases company. The company provides products and services within a specific economic environment and supplies customers across a wide spectrum of industries ranging from chemicals and petrochemicals to steel. It operates 2 Air Separation Units (ASUs), 2 carbon dioxide manufacturing plants, and a DA manufacturing plant in the country. It serves various end markets such as chemicals and energy, food, beverage, electronics, healthcare, manufacturing, metals, defense, infrastructure, aerospace, and institutions. Its segments include Bulk Gases; Packaged Gas and Products; and the Healthcare business, which generates maximum revenue and comprises various medical gases, medical equipment, and medical pipelines.
73GF Score

Get the complete analysis for DHA:LINDEBD

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

BDT701.80
Price
BDT905.00
GF Value