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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.
JSC Amber Latvijas Balzams's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €-6.88.
The industry rank for JSC Amber Latvijas Balzams's Net-Net Working Capital or its related term are showing as below:
ORSE:BAL1R's Price-to-Net-Net-Working-Capital is not ranked *
in the Beverages - Alcoholic industry.
Industry Median: 7.925 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
JSC Amber Latvijas Balzams (ORSE:BAL1R) 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.
JSC Amber Latvijas Balzams Net-Net Working Capital Related Terms
JSC Amber Latvijas Balzams 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.
JSC Amber Latvijas Balzams Net-Net Working Capital Chart
ORSE:BAL1R vs BF.B: Net-Net Working Capital Comparison
For the Beverages - Wineries & Distilleries subindustry, JSC Amber Latvijas Balzams'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.
JSC Amber Latvijas Balzams Price-to-Net-Net-Working-Capital vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, JSC Amber Latvijas Balzams's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where JSC Amber Latvijas Balzams'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 €-6.88 mean?
JSC Amber Latvijas Balzams (ORSE:BAL1R) has a Net-Net Working Capital of €-6.88 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 JSC Amber Latvijas Balzams According to the industry distribution chart, JSC Amber Latvijas Balzams ranks #999999 out of 60 companies in the Beverages - Alcoholic industry.
Is JSC Amber Latvijas Balzams' Net-Net Working Capital too high?
JSC Amber Latvijas Balzams' current Net-Net Working Capital is €-6.88. Based on the distribution chart, JSC Amber Latvijas Balzams ranks #999999 out of 60 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, JSC Amber Latvijas Balzams has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JSC Amber Latvijas Balzams' Net-Net Working Capital compare to BF.B?
According to the Beverages - Alcoholic industry distribution chart, JSC Amber Latvijas Balzams ranks #999999 out of 60 companies for Net-Net Working Capital. This places JSC Amber Latvijas Balzams in the lower half of its industry. The industry median Net-Net Working Capital is 7.93. 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 Beverages - Alcoholic company?
The median Net-Net Working Capital among Beverages - Alcoholic companies is 7.93, based on 60 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 JSC Amber Latvijas Balzams For the Beverages - Alcoholic industry, the median Net-Net Working Capital is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSC Amber Latvijas Balzams's current Net-Net Working Capital is €-6.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSC Amber Latvijas Balzams stock overvalued right now?
Based on GuruFocus' analysis, JSC Amber Latvijas Balzams (ORSE:BAL1R) is currently considered Significantly Undervalued. The stock's GF Value™ is €6.27, compared to a current price of €1.30 — trading 79.3% below its estimated fair value. The current Net-Net Working Capital is €-6.88. JSC Amber Latvijas Balzams' overall GF Score™ is 90/100 with 3 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 JSC Amber Latvijas Balzams (ORSE:BAL1R), the current Net-Net Working Capital is €-6.88 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 JSC Amber Latvijas Balzams (ORSE:BAL1R) Overvalued in 2026?
Based on GuruFocus' analysis, JSC Amber Latvijas Balzams stock appears to be undervalued.
The current stock price of €1.30 is trading 79.3% below its estimated GF Value™ of €6.27.
GuruFocus considers JSC Amber Latvijas Balzams to be Significantly Undervalued.
Key valuation signals for ORSE:BAL1R:
Net-Net Working Capital: €-6.88
GF Value™: €6.27 vs. price of €1.30 (79.3% below fair value)
No single metric tells the full story. See the ORSE:BAL1R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSC Amber Latvijas Balzams is a producer of alcoholic beverages in Latvia. The company is mainly engaged in the production of alcoholic beverages. The company produces various types of alcoholic beverages, such as sparkling wines, fortified wines, ciders, alcopops, vodka, liqueurs, brandy, alcoholic beverages, gin, etc. It generates revenue from the Production of alcoholic beverages, Sales of other goods and materials, and other services. The company's brands include Stoli, elit, Moskovskaya, Riga Black Vodka, Bonaparte, Moka, Svetskoje, and others. Geographically, it derives the majority revenue from Cyprus and also has a presence in Latvia, Lithuania, Russia, Estonia, Romania, and other regions.
90GF Score
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