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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.
Kuwait Portland Cement Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was KWD0.08.
The industry rank for Kuwait Portland Cement Co's Net-Net Working Capital or its related term are showing as below:
KUW:PCEM's Price-to-Net-Net-Working-Capital is ranked worse than 57.28% of 103
companies
in the Building Materials industry
Industry Median: 7.06
vs KUW:PCEM: 8.16
Kuwait Portland Cement Co (KUW:PCEM) 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.
Kuwait Portland Cement Co Net-Net Working Capital Related Terms
Kuwait Portland Cement Co Net-Net Working Capital Historical Data
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The historical data trend for Kuwait Portland Cement Co'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.
Kuwait Portland Cement Co Net-Net Working Capital Chart
KUW:PCEM vs CRH, VMC, MLM: Net-Net Working Capital Comparison
For the Building Materials subindustry, Kuwait Portland Cement Co'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.
Kuwait Portland Cement Co Price-to-Net-Net-Working-Capital vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Kuwait Portland Cement Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Kuwait Portland Cement Co'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 KWD0.08 mean?
Kuwait Portland Cement Co (KUW:PCEM) has a Net-Net Working Capital of KWD0.08 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 Kuwait Portland Cement Co According to the industry distribution chart, Kuwait Portland Cement Co ranks #59 out of 103 companies in the Building Materials industry, placing it in the top 57.3%.
Is Kuwait Portland Cement Co's Net-Net Working Capital too high?
Kuwait Portland Cement Co's current Net-Net Working Capital is KWD0.08. Based on the distribution chart, Kuwait Portland Cement Co ranks #59 out of 103 companies in the Building Materials industry, which is below the industry midpoint. Overall, Kuwait Portland Cement Co has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kuwait Portland Cement Co's Net-Net Working Capital compare to CRH and VMC?
According to the Building Materials industry distribution chart, Kuwait Portland Cement Co ranks #59 out of 103 companies for Net-Net Working Capital. This places Kuwait Portland Cement Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.06. 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 Building Materials company?
The median Net-Net Working Capital among Building Materials companies is 7.06, based on 103 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 Kuwait Portland Cement Co For the Building Materials industry, the median Net-Net Working Capital is 7.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kuwait Portland Cement Co's current Net-Net Working Capital is KWD0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuwait Portland Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Kuwait Portland Cement Co (KUW:PCEM) is currently considered Modestly Overvalued. The stock's GF Value™ is KWD0.53, compared to a current price of KWD0.65 — trading 23.2% above its estimated fair value. The current Net-Net Working Capital is KWD0.08. Kuwait Portland Cement Co's overall GF Score™ is 57/100 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 Kuwait Portland Cement Co (KUW:PCEM), the current Net-Net Working Capital is KWD0.08 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 Kuwait Portland Cement Co (KUW:PCEM) Overvalued in 2026?
Based on GuruFocus' analysis, Kuwait Portland Cement Co stock appears to be overvalued.
The current stock price of KWD0.65 is trading 23.2% above its estimated GF Value™ of KWD0.53.
GuruFocus considers Kuwait Portland Cement Co to be Modestly Overvalued.
Key valuation signals for KUW:PCEM:
Net-Net Working Capital: KWD0.08
GF Value™: KWD0.53 vs. price of KWD0.65 (23.2% above fair value)
No single metric tells the full story. See the KUW:PCEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kuwait Portland Cement Co is a Kuwait-based company. The products of the company include cement and ready-mix concrete. The company is engaged in trading by importing and exporting different kinds of bulk cement and packaging it. It also works in establishing, operating, managing, renting to other parties, and renting warehouses and silos for the supply and distribution of cement of different kinds, and appropriating the necessary transportation. Its operating segments include Cement, steel, aggregate and ready mix; and Investments.
57GF Score
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