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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.
Standard Bank Malawi's Net-Net Working Capital for the quarter that ended in Dec. 2025 was MWK-1,142.58.
The industry rank for Standard Bank Malawi's Net-Net Working Capital or its related term are showing as below:
MSW:STANDARD's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.8 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Standard Bank Malawi (MSW:STANDARD) 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.
Standard Bank Malawi Net-Net Working Capital Related Terms
Standard Bank Malawi Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Standard Bank Malawi'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.
Standard Bank Malawi Net-Net Working Capital Chart
MSW:STANDARD vs PNC, USB: Net-Net Working Capital Comparison
For the Banks - Regional subindustry, Standard Bank Malawi'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.
Standard Bank Malawi Price-to-Net-Net-Working-Capital vs Banks Industry
For the Banks industry and Financial Services sector, Standard Bank Malawi's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Standard Bank Malawi'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 MWK-1,142.58 mean?
Standard Bank Malawi (MSW:STANDARD) has a Net-Net Working Capital of MWK-1,142.58 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 Standard Bank Malawi According to the industry distribution chart, Standard Bank Malawi ranks #999999 out of 8 companies in the Banks industry.
Is Standard Bank Malawi's Net-Net Working Capital too high?
Standard Bank Malawi's current Net-Net Working Capital is MWK-1,142.58. Based on the distribution chart, Standard Bank Malawi ranks #999999 out of 8 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Standard Bank Malawi has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Standard Bank Malawi's Net-Net Working Capital compare to PNC and USB?
According to the Banks industry distribution chart, Standard Bank Malawi ranks #999999 out of 8 companies for Net-Net Working Capital. This places Standard Bank Malawi in the lower half of its industry. The industry median Net-Net Working Capital is 1.80. 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 Banks company?
The median Net-Net Working Capital among Banks companies is 1.80, based on 8 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 Standard Bank Malawi For the Banks industry, the median Net-Net Working Capital is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Standard Bank Malawi's current Net-Net Working Capital is MWK-1,142.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Standard Bank Malawi stock overvalued right now?
Based on GuruFocus' analysis, Standard Bank Malawi (MSW:STANDARD) is currently considered Significantly Overvalued. The stock's GF Value™ is MWK1,936.65, compared to a current price of MWK3,999.17 — trading 106.5% above its estimated fair value. The current Net-Net Working Capital is MWK-1,142.58. Standard Bank Malawi's overall GF Score™ is 77/100. 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 Standard Bank Malawi (MSW:STANDARD), the current Net-Net Working Capital is MWK-1,142.58 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 Standard Bank Malawi (MSW:STANDARD) Overvalued in 2026?
Based on GuruFocus' analysis, Standard Bank Malawi stock appears to be overvalued.
The current stock price of MWK3,999.17 is trading 106.5% above its estimated GF Value™ of MWK1,936.65.
GuruFocus considers Standard Bank Malawi to be Significantly Overvalued.
Key valuation signals for MSW:STANDARD:
Net-Net Working Capital: MWK-1,142.58
GF Value™: MWK1,936.65 vs. price of MWK3,999.17 (106.5% above fair value)
No single metric tells the full story. See the MSW:STANDARD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Standard Bank Malawi PLC provides banking services. Its business operations are divided into three segments Corporate and Investment Banking, Personal and Private Banking, Business and Commercial Banking, and Treasury and Capital Management. Services offered by the company include current accounts, savings, deposits, investment savings products, custody, debit cards, consumer loans, mortgages, internet banking, telephone banking, foreign exchange, commodities, debt securities, and equities trading, among others. Its branches are located across Malawi. The Bank offers its services to individual customers and small to medium-sized enterprises.
77GF Score
Get the complete analysis for MSW:STANDARD
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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