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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.
Stara Planina Holding AD's Net-Net Working Capital for the quarter that ended in Mar. 2026 was лв-9.14.
The industry rank for Stara Planina Holding AD's Net-Net Working Capital or its related term are showing as below:
LTS:0O2S's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 7.78 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Stara Planina Holding AD (LTS:0O2S) 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.
Stara Planina Holding AD Net-Net Working Capital Related Terms
Stara Planina Holding AD Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Stara Planina Holding AD'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.
Stara Planina Holding AD Net-Net Working Capital Chart
LTS:0O2S vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Stara Planina Holding AD'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.
Stara Planina Holding AD Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Stara Planina Holding AD's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Stara Planina Holding AD'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 лв-9.14 mean?
Stara Planina Holding AD (LTS:0O2S) has a Net-Net Working Capital of лв-9.14 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 Stara Planina Holding AD According to the industry distribution chart, Stara Planina Holding AD ranks #999999 out of 1360 companies in the Industrial Products industry.
Is Stara Planina Holding AD's Net-Net Working Capital too high?
Stara Planina Holding AD's current Net-Net Working Capital is лв-9.14. Based on the distribution chart, Stara Planina Holding AD ranks #999999 out of 1360 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Stara Planina Holding AD has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Stara Planina Holding AD's Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Stara Planina Holding AD ranks #999999 out of 1360 companies for Net-Net Working Capital. This places Stara Planina Holding AD in the lower half of its industry. The industry median Net-Net Working Capital is 7.78. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.78, based on 1,360 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 Stara Planina Holding AD For the Industrial Products industry, the median Net-Net Working Capital is 7.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stara Planina Holding AD's current Net-Net Working Capital is лв-9.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stara Planina Holding AD stock overvalued right now?
Stara Planina Holding AD (LTS:0O2S) has a current Net-Net Working Capital of лв-9.14. The stock's GF Value™ is лв16.47, compared to a current price of лв7.50 — trading 54.5% below its estimated fair value. The current Net-Net Working Capital is лв-9.14. Stara Planina Holding AD's overall GF Score™ is 69/100 with 5 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 Stara Planina Holding AD (LTS:0O2S), the current Net-Net Working Capital is лв-9.14 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 Stara Planina Holding AD (LTS:0O2S) Overvalued in 2026?
Based on GuruFocus' analysis, Stara Planina Holding AD stock appears to be undervalued.
The current stock price of лв7.50 is trading 54.5% below its estimated GF Value™ of лв16.47.
Key valuation signals for LTS:0O2S:
Net-Net Working Capital: лв-9.14
GF Value™: лв16.47 vs. price of лв7.50 (54.5% below fair value)
No single metric tells the full story. See the LTS:0O2S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Stara Planina Holding AD is a holding company. The company is engaged in the acquisition, management, evaluation, and sale of shareholdings in Bulgarian and foreign companies; acquisition, management, and sale of bonds, evaluation and sale of patents, transfer of licenses for the use of patents, belonging to companies where the holding company has participation; financing companies where the holding company has participations; other commercial operations, except those prohibited by law. The investment portfolio of the holding is distributed mainly in the following industries, Machine Building; Electrical Engineering, Light Industry, and Financial.
69GF Score
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