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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.
LTS:0OMR's Price-to-Net-Net-Working-Capital is ranked worse than 63.96% of 197
companies
in the Oil & Gas industry
Industry Median: 6.57
vs LTS:0OMR: 12.67
Oil and Gas Exploration and Production AD (LTS:0OMR) 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.
Oil and Gas Exploration and Production AD Net-Net Working Capital Related Terms
Oil and Gas Exploration and Production AD 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.
Oil and Gas Exploration and Production AD Net-Net Working Capital Chart
Oil and Gas Exploration and Production AD Annual Data
LTS:0OMR vs COP, EOG, OXY: Net-Net Working Capital Comparison
For the Oil & Gas E&P subindustry, Oil and Gas Exploration and Production 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.
Oil and Gas Exploration and Production AD 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 лв0.33 mean?
Oil and Gas Exploration and Production AD (LTS:0OMR) has a Net-Net Working Capital of лв0.33 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 Oil and Gas Exploration and Production AD According to the industry distribution chart, Oil and Gas Exploration and Production AD ranks #126 out of 197 companies in the Oil & Gas industry, placing it in the top 64%.
Is Oil and Gas Exploration and Production AD's Net-Net Working Capital too high?
Oil and Gas Exploration and Production AD's current Net-Net Working Capital is лв0.33. Based on the distribution chart, Oil and Gas Exploration and Production AD ranks #126 out of 197 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Oil and Gas Exploration and Production AD has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Oil and Gas Exploration and Production AD's Net-Net Working Capital compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Oil and Gas Exploration and Production AD ranks #126 out of 197 companies for Net-Net Working Capital. This places Oil and Gas Exploration and Production AD in the lower half of its industry. The industry median Net-Net Working Capital is 6.57. 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 6.57, based on 197 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 Oil and Gas Exploration and Production AD For the Oil & Gas industry, the median Net-Net Working Capital is 6.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oil and Gas Exploration and Production AD's current Net-Net Working Capital is лв0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oil and Gas Exploration and Production AD stock overvalued right now?
Oil and Gas Exploration and Production AD (LTS:0OMR) has a current Net-Net Working Capital of лв0.33. The stock's GF Value™ is лв12.88, compared to a current price of лв7.60 — trading 41% below its estimated fair value. The current Net-Net Working Capital is лв0.33. Oil and Gas Exploration and Production AD's overall GF Score™ is 66/100 with 4 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 Oil and Gas Exploration and Production AD (LTS:0OMR), the current Net-Net Working Capital is лв0.33 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.
Is Oil and Gas Exploration and Production AD (LTS:0OMR) Overvalued in 2026?
Based on GuruFocus' analysis, Oil and Gas Exploration and Production AD stock appears to be undervalued.
The current stock price of лв7.60 is trading 41% below its estimated GF Value™ of лв12.88.
Key valuation signals for LTS:0OMR:
Net-Net Working Capital: лв0.33
GF Value™: лв12.88 vs. price of лв7.60 (41% below fair value)
No single metric tells the full story. See the LTS:0OMR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Oil and Gas Exploration and Production AD is engaged in prospecting, exploration, development and exploitation of oil and gas fields, as well as processing of crude oil. Some of the services provided by the company - design and conducting of 2D and 3D seismic data acquisition, geological and geophysical data processing and interpretation, mud logging, drilling of exploration and production wells for mineralized water and geothermal energy, well logging, among others.
66GF Score
Get the complete analysis for LTS:0OMR
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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