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Bay CapitalLSE:BAY Net-Net Working Capital is £0.06 as of Dec. 2025. The stock has 1 warning sign investors should review. Among 175 Diversified Financial Services companies, Bay Capital ranks better than 54.29% on this metric.
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.
Bay Capital's Net-Net Working Capital for the quarter that ended in Dec. 2025 was £0.06.
The industry rank for Bay Capital's Net-Net Working Capital or its related term are showing as below:
LSE:BAY's Price-to-Net-Net-Working-Capital is ranked better than 54.29% of 175
companies
in the Diversified Financial Services industry
Industry Median: 2.33
vs LSE:BAY: 1.54
Bay Capital (LSE:BAY) 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.
Bay Capital Net-Net Working Capital Related Terms
Bay Capital Net-Net Working Capital Historical Data
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The historical data trend for Bay Capital'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.
LSE:BAY vs XXI, CCXI, DMII: Net-Net Working Capital Comparison
For the Shell Companies subindustry, Bay Capital'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.
Bay Capital Price-to-Net-Net-Working-Capital vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, Bay Capital's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bay Capital'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 £0.06 mean?
Bay Capital (LSE:BAY) has a Net-Net Working Capital of £0.06 as of Dec. 2025. 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 Bay Capital According to the industry distribution chart, Bay Capital ranks #80 out of 175 companies in the Diversified Financial Services industry, placing it in the top 45.7%.
Is Bay Capital's Net-Net Working Capital too high?
Bay Capital's current Net-Net Working Capital is £0.06. Based on the distribution chart, Bay Capital ranks #80 out of 175 companies in the Diversified Financial Services industry, which is above the industry midpoint.
How does Bay Capital's Net-Net Working Capital compare to XXI and CCXI?
According to the Diversified Financial Services industry distribution chart, Bay Capital ranks #80 out of 175 companies for Net-Net Working Capital. This puts Bay Capital in the upper half of its industry. The industry median Net-Net Working Capital is 2.33. 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 Diversified Financial Services company?
The median Net-Net Working Capital among Diversified Financial Services companies is 2.33, based on 175 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 Bay Capital For the Diversified Financial Services industry, the median Net-Net Working Capital is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bay Capital's current Net-Net Working Capital is £0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bay Capital stock overvalued right now?
Bay Capital (LSE:BAY) has a current Net-Net Working Capital of £0.06. The current Net-Net Working Capital is £0.06. 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 Bay Capital (LSE:BAY), the current Net-Net Working Capital is £0.06 as of Dec. 2025. 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.
Bay Capital PLC is focused to drive shareholder value through the acquisition of target companies in certain sectors where the Directors believe there to be sustainable growth opportunities both organically and through acquisition. The company is seeking fundamentally sound assets, where tangible opportunities exist to drive strategic, operational, and performance improvements.
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