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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.
MEX:BFAM's Price-to-Net-Net-Working-Capital is not ranked *
in the Personal Services industry.
Industry Median: 4.17 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Bright Horizons Family Solutions (MEX:BFAM) 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.
Bright Horizons Family Solutions Net-Net Working Capital Related Terms
Bright Horizons Family Solutions 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.
Bright Horizons Family Solutions Net-Net Working Capital Chart
MEX:BFAM vs ANDG, HRB, FTDR: Net-Net Working Capital Comparison
For the Personal Services subindustry, Bright Horizons Family Solutions'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.
Bright Horizons Family Solutions Price-to-Net-Net-Working-Capital vs Personal Services Industry
For the Personal Services industry and Consumer Cyclical sector, Bright Horizons Family Solutions's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bright Horizons Family Solutions'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 MXN-801.83 mean?
Bright Horizons Family Solutions (MEX:BFAM) has a Net-Net Working Capital of MXN-801.83 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 Bright Horizons Family Solutions According to the industry distribution chart, Bright Horizons Family Solutions ranks #999999 out of 20 companies in the Personal Services industry.
Is Bright Horizons Family Solutions' Net-Net Working Capital too high?
Bright Horizons Family Solutions' current Net-Net Working Capital is MXN-801.83. Based on the distribution chart, Bright Horizons Family Solutions ranks #999999 out of 20 companies in the Personal Services industry, which is in the bottom quartile relative to peers. Overall, Bright Horizons Family Solutions has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Bright Horizons Family Solutions' Net-Net Working Capital compare to ANDG and HRB?
According to the Personal Services industry distribution chart, Bright Horizons Family Solutions ranks #999999 out of 20 companies for Net-Net Working Capital. This places Bright Horizons Family Solutions in the lower half of its industry. The industry median Net-Net Working Capital is 4.17. 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 Personal Services company?
The median Net-Net Working Capital among Personal Services companies is 4.17, based on 20 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 Bright Horizons Family Solutions For the Personal Services industry, the median Net-Net Working Capital is 4.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bright Horizons Family Solutions's current Net-Net Working Capital is MXN-801.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bright Horizons Family Solutions stock overvalued right now?
Bright Horizons Family Solutions (MEX:BFAM) has a current Net-Net Working Capital of MXN-801.83. The stock's GF Value™ is MXN2,495.00, compared to a current price of MXN1,370.45 — trading 45.1% below its estimated fair value. The current Net-Net Working Capital is MXN-801.83. Bright Horizons Family Solutions' overall GF Score™ is 73/100 with 1 warning sign 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 Bright Horizons Family Solutions (MEX:BFAM), the current Net-Net Working Capital is MXN-801.83 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 Bright Horizons Family Solutions (MEX:BFAM) Overvalued in 2026?
Based on GuruFocus' analysis, Bright Horizons Family Solutions stock appears to be undervalued.
The current stock price of MXN1,370.45 is trading 45.1% below its estimated GF Value™ of MXN2,495.00.
Key valuation signals for MEX:BFAM:
Net-Net Working Capital: MXN-801.83
GF Value™: MXN2,495.00 vs. price of MXN1,370.45 (45.1% below fair value)
No single metric tells the full story. See the MEX:BFAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bright Horizons Family Solutions Business Description
Bright Horizons Family Solutions Inc provider of early education and child care, family care solutions, and workforce education services that help working families and client employees personally and professionally. It provides services under multi-year contracts with employers that offer early education and child care, back-up care, and educational advisory services as part of their employee benefits package. The company has three business segments; Full-service center-based child care, Backup care, and Educational advisory services. The majority of the revenue is generated by full-service center-based child care, which includes traditional center-based child care and early education services. Other services provided by the company include in-home child and elder care, and Others.
73GF Score
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