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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.
KUW:ABAR's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 6.32 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) 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.
Burgan Company for Well Drilling Trading and MaintenanceK Net-Net Working Capital Related Terms
Burgan Company for Well Drilling Trading and MaintenanceK 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.
Burgan Company for Well Drilling Trading and MaintenanceK Net-Net Working Capital Chart
Burgan Company for Well Drilling Trading and MaintenanceK Annual Data
KUW:ABAR vs NE, RIG, VAL: Net-Net Working Capital Comparison
For the Oil & Gas Drilling subindustry, Burgan Company for Well Drilling Trading and MaintenanceK'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.
Burgan Company for Well Drilling Trading and MaintenanceK Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
* 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 KWD-0.41 mean?
Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) has a Net-Net Working Capital of KWD-0.41 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 Burgan Company for Well Drilling Trading and MaintenanceK According to the industry distribution chart, Burgan Company for Well Drilling Trading and MaintenanceK ranks #999999 out of 194 companies in the Oil & Gas industry.
Is Burgan Company for Well Drilling Trading and MaintenanceK's Net-Net Working Capital too high?
Burgan Company for Well Drilling Trading and MaintenanceK's current Net-Net Working Capital is KWD-0.41. Based on the distribution chart, Burgan Company for Well Drilling Trading and MaintenanceK ranks #999999 out of 194 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Burgan Company for Well Drilling Trading and MaintenanceK has a GF Score™ of 23/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Burgan Company for Well Drilling Trading and MaintenanceK's Net-Net Working Capital compare to NE and RIG?
According to the Oil & Gas industry distribution chart, Burgan Company for Well Drilling Trading and MaintenanceK ranks #999999 out of 194 companies for Net-Net Working Capital. This places Burgan Company for Well Drilling Trading and MaintenanceK in the lower half of its industry. The industry median Net-Net Working Capital is 6.32. 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 Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.32, based on 194 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 Burgan Company for Well Drilling Trading and MaintenanceK For the Oil & Gas industry, the median Net-Net Working Capital is 6.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Burgan Company for Well Drilling Trading and MaintenanceK's current Net-Net Working Capital is KWD-0.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burgan Company for Well Drilling Trading and MaintenanceK stock overvalued right now?
Based on GuruFocus' analysis, Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.13, compared to a current price of KWD0.28 — trading 116.2% above its estimated fair value. The current Net-Net Working Capital is KWD-0.41. Burgan Company for Well Drilling Trading and MaintenanceK's overall GF Score™ is 23/100 with 10 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 Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR), the current Net-Net Working Capital is KWD-0.41 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 Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Overvalued in 2026?
Based on GuruFocus' analysis, Burgan Company for Well Drilling Trading and MaintenanceK stock appears to be overvalued.
The current stock price of KWD0.28 is trading 116.2% above its estimated GF Value™ of KWD0.13.
GuruFocus considers Burgan Company for Well Drilling Trading and MaintenanceK to be Significantly Overvalued.
Key valuation signals for KUW:ABAR:
Net-Net Working Capital: KWD-0.41
GF Value™: KWD0.13 vs. price of KWD0.28 (116.2% above fair value)
No single metric tells the full story. See the KUW:ABAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Burgan Company for Well Drilling Trading and Maintenance SAK provides drilling, exploration, and maintenance services for oil and gas companies. The company offers development and exploratory services, as well as drilling and maintenance of oil and gas wells in Kuwait and internationally with the approval of the Ministry of Oil. It also establishes, participates in, or acquires affiliates as outlined in its Memorandum of Incorporation. Additionally, the company invests its financial surpluses in portfolios managed by specialized entities. Burgan Company serves its clients by drilling deep, medium, and shallow wells, as well as performing workover operations. Its primary operating segment is oil and gas well services.
23GF Score
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