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.
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.
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.
DHA:TITASGAS's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Regulated industry.
Industry Median: 5.01 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Titas Gas Transmission and Distribution (DHA:TITASGAS) 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.
Titas Gas Transmission and Distribution Net-Net Working Capital Related Terms
Titas Gas Transmission and Distribution 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.
Titas Gas Transmission and Distribution Net-Net Working Capital Chart
Titas Gas Transmission and Distribution Annual Data
DHA:TITASGAS vs ATO, NI, UGI: Net-Net Working Capital Comparison
For the Utilities - Regulated Gas subindustry, Titas Gas Transmission and Distribution'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.
Titas Gas Transmission and Distribution Price-to-Net-Net-Working-Capital vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Titas Gas Transmission and Distribution's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Titas Gas Transmission and Distribution'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 BDT-146.27 mean?
Titas Gas Transmission and Distribution (DHA:TITASGAS) has a Net-Net Working Capital of BDT-146.27 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 Titas Gas Transmission and Distribution According to the industry distribution chart, Titas Gas Transmission and Distribution ranks #999999 out of 63 companies in the Utilities - Regulated industry.
Is Titas Gas Transmission and Distribution's Net-Net Working Capital too high?
Titas Gas Transmission and Distribution's current Net-Net Working Capital is BDT-146.27. Based on the distribution chart, Titas Gas Transmission and Distribution ranks #999999 out of 63 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Titas Gas Transmission and Distribution has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Titas Gas Transmission and Distribution's Net-Net Working Capital compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Titas Gas Transmission and Distribution ranks #999999 out of 63 companies for Net-Net Working Capital. This places Titas Gas Transmission and Distribution in the lower half of its industry. The industry median Net-Net Working Capital is 5.01. 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 an Utilities - Regulated company?
The median Net-Net Working Capital among Utilities - Regulated companies is 5.01, based on 63 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 Titas Gas Transmission and Distribution For the Utilities - Regulated industry, the median Net-Net Working Capital is 5.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Titas Gas Transmission and Distribution's current Net-Net Working Capital is BDT-146.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titas Gas Transmission and Distribution stock overvalued right now?
Based on GuruFocus' analysis, Titas Gas Transmission and Distribution (DHA:TITASGAS) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT23.69, compared to a current price of BDT21.00 — trading 11.4% below its estimated fair value. The current Net-Net Working Capital is BDT-146.27. Titas Gas Transmission and Distribution's overall GF Score™ is 73/100 with 9 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 Titas Gas Transmission and Distribution (DHA:TITASGAS), the current Net-Net Working Capital is BDT-146.27 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 Titas Gas Transmission and Distribution (DHA:TITASGAS) Overvalued in 2026?
Based on GuruFocus' analysis, Titas Gas Transmission and Distribution stock appears to be undervalued.
The current stock price of BDT21.00 is trading 11.4% below its estimated GF Value™ of BDT23.69.
GuruFocus considers Titas Gas Transmission and Distribution to be Modestly Undervalued.
Key valuation signals for DHA:TITASGAS:
Net-Net Working Capital: BDT-146.27
GF Value™: BDT23.69 vs. price of BDT21.00 (11.4% below fair value)
No single metric tells the full story. See the DHA:TITASGAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Titas Gas Transmission and Distribution Business Description
Titas Gas Transmission and Distribution PLC is principally engaged in the business of natural gas distribution. The company aims to transmit natural gas from the gas fields to different areas to distribute the same to the consumers in power, fertilizer, industrial, commercial, captive power, feed gas for CNG, and domestic categories within its franchise areas, viz. greater Dhaka & Mymensingh districts. The company supplies gas to power stations, fertilizer factories, industries, commercial users, captive power plants, compressed natural gas stations, and households through an extensive pipeline network.
73GF Score
Get the complete analysis for DHA:TITASGAS
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
DHA:TITASGAS has been successfully added to your 
