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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.
Plover Bay Technologies's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $0.02.
The industry rank for Plover Bay Technologies's Net-Net Working Capital or its related term are showing as below:
PBTDF's Price-to-Net-Net-Working-Capital is ranked worse than 90.45% of 1204
companies
in the Hardware industry
Industry Median: 8.63
vs PBTDF: 53.50
Plover Bay Technologies (OTCPK:PBTDF) 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.
Plover Bay Technologies Net-Net Working Capital Related Terms
Plover Bay Technologies Net-Net Working Capital Historical Data
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The historical data trend for Plover Bay Technologies'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.
Plover Bay Technologies Net-Net Working Capital Chart
PBTDF vs CSCO, MSI, HPE: Net-Net Working Capital Comparison
For the Communication Equipment subindustry, Plover Bay Technologies'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.
Plover Bay Technologies Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Plover Bay Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Plover Bay Technologies'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 $0.02 mean?
Plover Bay Technologies (PBTDF) has a Net-Net Working Capital of $0.02 as of Jun. 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 Plover Bay Technologies According to the industry distribution chart, Plover Bay Technologies ranks #1089 out of 1204 companies in the Hardware industry, placing it in the top 90.4%.
Is Plover Bay Technologies' Net-Net Working Capital too high?
Plover Bay Technologies' current Net-Net Working Capital is $0.02. The Hardware industry median Net-Net Working Capital is 8.63. Plover Bay Technologies' value of $0.02 is 99.8% below this industry median. Based on the distribution chart, Plover Bay Technologies ranks #1089 out of 1204 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Plover Bay Technologies has a GF Score™ of 71/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Plover Bay Technologies' Net-Net Working Capital compare to CSCO and MSI?
According to the Hardware industry distribution chart, Plover Bay Technologies ranks #1089 out of 1204 companies for Net-Net Working Capital. This places Plover Bay Technologies in the lower half of its industry. The industry median Net-Net Working Capital is 8.63. Plover Bay Technologies' value of $0.02 is 99.8% below this benchmark. 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 8.63, based on 1,204 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. Plover Bay Technologies's current Net-Net Working Capital of $0.02 is 99.8% below the industry median. 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 Plover Bay Technologies For the Hardware industry, the median Net-Net Working Capital is 8.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Plover Bay Technologies's current Net-Net Working Capital is $0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plover Bay Technologies stock overvalued right now?
Based on GuruFocus' analysis, Plover Bay Technologies (PBTDF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.94, compared to a current price of $1.07 — trading 13.8% above its estimated fair value. The current Net-Net Working Capital is $0.02 and 99.8% below the Hardware industry median of 8.63. Plover Bay Technologies' overall GF Score™ is 71/100 with 2 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 Plover Bay Technologies (PBTDF), the current Net-Net Working Capital is $0.02 as of Jun. 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 Plover Bay Technologies (PBTDF) Overvalued in 2026?
Based on GuruFocus' analysis, Plover Bay Technologies stock appears to be overvalued.
The current stock price of $1.07 is trading 13.8% above its estimated GF Value™ of $0.94.
GuruFocus considers Plover Bay Technologies to be Modestly Overvalued.
Key valuation signals for PBTDF:
Net-Net Working Capital: $0.02
GF Value™: $0.94 vs. price of $1.07 (13.8% above fair value)
Industry Position: 99.8% below the Hardware median (#1089 of 1204)
No single metric tells the full story. See the PBTDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plover Bay Technologies Ltd is an investment holding company. It is a vendor of connectivity hardware, software, and services. The company's products include wired SD-WAN routers, wireless SD-WAN routers, and networking peripherals that support customer's networks. It also engages in the sales of software licences and the provision of warranty and support services. Companies' segments consist mainly of the following categories: SD-WAN routers; Mobile First Connectivity, which denotes products connected through mobile networks; warranty and support services; and software licences. The Mobile First Connectivity has the highest revenue. Geographical regions: North America, EMEA, Asia, and other regions.
71GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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