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Burger Fuel GroupNZSE:BFG 45 Net-Net Working Capital is NZ$-0.39 as of Mar. 2026. GuruFocus rates NZSE:BFG with a GF Score™ of 45/100 and a GF Value™ of NZ$0.83 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 47 Restaurants companies, Burger Fuel Group ranks worse than 2127657.45% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
Burger Fuel Group's Net-Net Working Capital for the quarter that ended in Mar. 2026 was NZ$-0.39.
The industry rank for Burger Fuel Group's Net-Net Working Capital or its related term are showing as below:
NZSE:BFG's Price-to-Net-Net-Working-Capital is not ranked *
in the Restaurants industry.
Industry Median: 13.86 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Burger Fuel Group (NZSE:BFG) 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.
Burger Fuel Group Net-Net Working Capital Related Terms
Burger Fuel Group Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Burger Fuel Group'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.
NZSE:BFG vs MCD, SBUX, CMG: Net-Net Working Capital Comparison
For the Restaurants subindustry, Burger Fuel Group'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.
Burger Fuel Group Price-to-Net-Net-Working-Capital vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Burger Fuel Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Burger Fuel Group'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 NZ$-0.39 mean?
Burger Fuel Group (NZSE:BFG) has a Net-Net Working Capital of NZ$-0.39 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 Burger Fuel Group According to the industry distribution chart, Burger Fuel Group ranks #999999 out of 47 companies in the Restaurants industry.
Is Burger Fuel Group's Net-Net Working Capital too high?
Burger Fuel Group's current Net-Net Working Capital is NZ$-0.39. Based on the distribution chart, Burger Fuel Group ranks #999999 out of 47 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Burger Fuel Group has a GF Score™ of 45/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Burger Fuel Group's Net-Net Working Capital compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Burger Fuel Group ranks #999999 out of 47 companies for Net-Net Working Capital. This places Burger Fuel Group in the lower half of its industry. The industry median Net-Net Working Capital is 13.86. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Restaurants company?
The median Net-Net Working Capital among Restaurants companies is 13.86, based on 47 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Burger Fuel Group For the Restaurants industry, the median Net-Net Working Capital is 13.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Burger Fuel Group's current Net-Net Working Capital is NZ$-0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Burger Fuel Group stock overvalued right now?
Based on GuruFocus' analysis, Burger Fuel Group (NZSE:BFG) is currently considered Significantly Undervalued. The stock's GF Value™ is NZ$0.83, compared to a current price of NZ$0.35 — trading 58.4% below its estimated fair value. The current Net-Net Working Capital is NZ$-0.39. Burger Fuel Group's overall GF Score™ is 45/100 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 Burger Fuel Group (NZSE:BFG), the current Net-Net Working Capital is NZ$-0.39 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 Burger Fuel Group (NZSE:BFG) Overvalued in 2026?
Based on GuruFocus' analysis, Burger Fuel Group stock appears to be undervalued.
The current stock price of NZ$0.35 is trading 58.4% below its estimated GF Value™ of NZ$0.83.
GuruFocus considers Burger Fuel Group to be Significantly Undervalued.
Key valuation signals for NZSE:BFG:
Net-Net Working Capital: NZ$-0.39
GF Value™: NZ$0.83 vs. price of NZ$0.35 (58.4% below fair value)
No single metric tells the full story. See the NZSE:BFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Burger Fuel Group Ltd engages in the development and management of both franchised and company-owned gourmet burger and chicken restaurants. It offers Grass Fed Beef, Free Range Chicken, Plant Powered, Light weights, Kid meals, Gourmet Sides, Drinks, Sauces, and others. The company operates in two segments consisting of geographical locations including New Zeal and the International market. It derives a majority of its revenue from New Zealand.
45GF Score
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