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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.
FBKIF's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.78 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
First International Bank of Israel (OTCPK:FBKIF) 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.
First International Bank of Israel Net-Net Working Capital Related Terms
First International Bank of Israel 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.
First International Bank of Israel Net-Net Working Capital Chart
FBKIF vs PNC, USB: Net-Net Working Capital Comparison
For the Banks - Regional subindustry, First International Bank of Israel'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.
First International Bank of Israel Price-to-Net-Net-Working-Capital vs Banks Industry
For the Banks industry and Financial Services sector, First International Bank of Israel's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where First International Bank of Israel'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 $-623.63 mean?
First International Bank of Israel (FBKIF) has a Net-Net Working Capital of $-623.63 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 First International Bank of Israel According to the industry distribution chart, First International Bank of Israel ranks #999999 out of 8 companies in the Banks industry.
Is First International Bank of Israel's Net-Net Working Capital too high?
First International Bank of Israel's current Net-Net Working Capital is $-623.63. Based on the distribution chart, First International Bank of Israel ranks #999999 out of 8 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, First International Bank of Israel has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does First International Bank of Israel's Net-Net Working Capital compare to PNC and USB?
According to the Banks industry distribution chart, First International Bank of Israel ranks #999999 out of 8 companies for Net-Net Working Capital. This places First International Bank of Israel in the lower half of its industry. The industry median Net-Net Working Capital is 1.78. 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 1.78, based on 8 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 First International Bank of Israel For the Banks industry, the median Net-Net Working Capital is 1.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First International Bank of Israel's current Net-Net Working Capital is $-623.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First International Bank of Israel stock overvalued right now?
First International Bank of Israel (FBKIF) has a current Net-Net Working Capital of $-623.63. The stock's GF Value™ is $39.60, compared to a current price of $50.00 — trading 26.3% above its estimated fair value. The current Net-Net Working Capital is $-623.63. First International Bank of Israel's overall GF Score™ is 64/100 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 First International Bank of Israel (FBKIF), the current Net-Net Working Capital is $-623.63 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 First International Bank of Israel (FBKIF) Overvalued in 2026?
Based on GuruFocus' analysis, First International Bank of Israel stock appears to be overvalued.
The current stock price of $50.00 is trading 26.3% above its estimated GF Value™ of $39.60.
Key valuation signals for FBKIF:
Net-Net Working Capital: $-623.63
GF Value™: $39.60 vs. price of $50.00 (26.3% above fair value)
No single metric tells the full story. See the FBKIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First International Bank of Israel Ltd is an Israel-based bank that primarily operates through six segments. The Corporate Banking segment focuses on providing financial services to large corporations in Israel. The Private Banking segment provides banking services to high-net-worth Israeli and foreign resident customers. The Commercial Banking segment serves middle-sized business clients. The Household segment provides relatively low cash volume services to private customers. The Small Business segment primarily serves small businesses. The Financial Management segment carries out asset and liability management activities and others. The company generates almost all of its interest and noninterest income from the Israeli domestic market.
64GF 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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