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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.
IST:AGHOL's Price-to-Net-Net-Working-Capital is not ranked *
in the Conglomerates industry.
Industry Median: 5.59 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Ag Anadolu Grubu Holding Anonim Sirketi (IST:AGHOL) 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.
Ag Anadolu Grubu Holding Anonim Sirketi Net-Net Working Capital Related Terms
Ag Anadolu Grubu Holding Anonim Sirketi 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.
Ag Anadolu Grubu Holding Anonim Sirketi Net-Net Working Capital Chart
Ag Anadolu Grubu Holding Anonim Sirketi Annual Data
IST:AGHOL vs MMM, HON: Net-Net Working Capital Comparison
For the Conglomerates subindustry, Ag Anadolu Grubu Holding Anonim Sirketi'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.
Ag Anadolu Grubu Holding Anonim Sirketi Price-to-Net-Net-Working-Capital vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Ag Anadolu Grubu Holding Anonim Sirketi's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ag Anadolu Grubu Holding Anonim Sirketi'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 ₺-204.67 mean?
Ag Anadolu Grubu Holding Anonim Sirketi (IST:AGHOL) has a Net-Net Working Capital of ₺-204.67 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 Ag Anadolu Grubu Holding Anonim Sirketi According to the industry distribution chart, Ag Anadolu Grubu Holding Anonim Sirketi ranks #999999 out of 102 companies in the Conglomerates industry.
Is Ag Anadolu Grubu Holding Anonim Sirketi's Net-Net Working Capital too high?
Ag Anadolu Grubu Holding Anonim Sirketi's current Net-Net Working Capital is ₺-204.67. Based on the distribution chart, Ag Anadolu Grubu Holding Anonim Sirketi ranks #999999 out of 102 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Ag Anadolu Grubu Holding Anonim Sirketi has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ag Anadolu Grubu Holding Anonim Sirketi's Net-Net Working Capital compare to MMM and HON?
According to the Conglomerates industry distribution chart, Ag Anadolu Grubu Holding Anonim Sirketi ranks #999999 out of 102 companies for Net-Net Working Capital. This places Ag Anadolu Grubu Holding Anonim Sirketi in the lower half of its industry. The industry median Net-Net Working Capital is 5.59. 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 Conglomerates company?
The median Net-Net Working Capital among Conglomerates companies is 5.59, based on 102 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 Ag Anadolu Grubu Holding Anonim Sirketi For the Conglomerates industry, the median Net-Net Working Capital is 5.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ag Anadolu Grubu Holding Anonim Sirketi's current Net-Net Working Capital is ₺-204.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ag Anadolu Grubu Holding Anonim Sirketi stock overvalued right now?
Based on GuruFocus' analysis, Ag Anadolu Grubu Holding Anonim Sirketi (IST:AGHOL) is currently considered Possible Value Trap. The stock's GF Value™ is ₺322.12, compared to a current price of ₺32.98 — trading 89.8% below its estimated fair value. The current Net-Net Working Capital is ₺-204.67. Ag Anadolu Grubu Holding Anonim Sirketi's overall GF Score™ is 68/100 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 Ag Anadolu Grubu Holding Anonim Sirketi (IST:AGHOL), the current Net-Net Working Capital is ₺-204.67 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 Ag Anadolu Grubu Holding Anonim Sirketi (IST:AGHOL) Overvalued in 2026?
Based on GuruFocus' analysis, Ag Anadolu Grubu Holding Anonim Sirketi stock appears to be undervalued.
The current stock price of ₺32.98 is trading 89.8% below its estimated GF Value™ of ₺322.12.
GuruFocus considers Ag Anadolu Grubu Holding Anonim Sirketi to be Possible Value Trap.
Key valuation signals for IST:AGHOL:
Net-Net Working Capital: ₺-204.67
GF Value™: ₺322.12 vs. price of ₺32.98 (89.8% below fair value)
No single metric tells the full story. See the IST:AGHOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ag Anadolu Grubu Holding Anonim Sirketi, formerly Yazicilar Holding AS, is a holding company. The company through its subsidiaries manages six primary segments: Automotive (including passenger vehicles, commercial vehicles, generators, spare and parts, and operational lease); Migros (retail, stationery, chain restaurant management, and tourism), Bira, Beverages, Energy and industry, and other (information technologies and trade). The three segments by profit are Migros, Beverages, and Bira.
68GF Score
Get the complete analysis for IST:AGHOL
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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