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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.
Liberty Flour Mills's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₱1.21.
The industry rank for Liberty Flour Mills's Net-Net Working Capital or its related term are showing as below:
PHS:LFM's Price-to-Net-Net-Working-Capital is ranked worse than 80.66% of 662
companies
in the Consumer Packaged Goods industry
Industry Median: 6.585
vs PHS:LFM: 20.99
Liberty Flour Mills (PHS:LFM) 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.
Liberty Flour Mills Net-Net Working Capital Related Terms
Liberty Flour Mills Net-Net Working Capital Historical Data
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The historical data trend for Liberty Flour Mills'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.
PHS:LFM vs KHC, GIS, HRL: Net-Net Working Capital Comparison
For the Packaged Foods subindustry, Liberty Flour Mills'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.
Liberty Flour Mills Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Liberty Flour Mills's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Liberty Flour Mills'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 ₱1.21 mean?
Liberty Flour Mills (PHS:LFM) has a Net-Net Working Capital of ₱1.21 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 Liberty Flour Mills According to the industry distribution chart, Liberty Flour Mills ranks #534 out of 662 companies in the Consumer Packaged Goods industry, placing it in the top 80.7%.
Is Liberty Flour Mills' Net-Net Working Capital too high?
Liberty Flour Mills' current Net-Net Working Capital is ₱1.21. Based on the distribution chart, Liberty Flour Mills ranks #534 out of 662 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Liberty Flour Mills has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Liberty Flour Mills' Net-Net Working Capital compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Liberty Flour Mills ranks #534 out of 662 companies for Net-Net Working Capital. This places Liberty Flour Mills in the lower half of its industry. The industry median Net-Net Working Capital is 6.59. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.59, based on 662 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 Liberty Flour Mills For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Liberty Flour Mills's current Net-Net Working Capital is ₱1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Liberty Flour Mills stock overvalued right now?
Based on GuruFocus' analysis, Liberty Flour Mills (PHS:LFM) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱14.33, compared to a current price of ₱25.40 — trading 77.3% above its estimated fair value. The current Net-Net Working Capital is ₱1.21. Liberty Flour Mills' overall GF Score™ is 59/100 with 7 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 Liberty Flour Mills (PHS:LFM), the current Net-Net Working Capital is ₱1.21 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 Liberty Flour Mills (PHS:LFM) Overvalued in 2026?
Based on GuruFocus' analysis, Liberty Flour Mills stock appears to be overvalued.
The current stock price of ₱25.40 is trading 77.3% above its estimated GF Value™ of ₱14.33.
GuruFocus considers Liberty Flour Mills to be Significantly Overvalued.
Key valuation signals for PHS:LFM:
Net-Net Working Capital: ₱1.21
GF Value™: ₱14.33 vs. price of ₱25.40 (77.3% above fair value)
No single metric tells the full story. See the PHS:LFM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Liberty Flour Mills Inc is a Philippines-based company. It operates in various business segments that are Bakery Flour, which manufactures flour and distributes its products; Mill Feed, which involves the utilization of its by-products and distribution/sales of its produce; and Real Estate and Investment, which involves the leasing of office and commercial units and investment in securities. Its products consist of EL Superior, LFM Bakers, pine tree, and LFM soft. The company derives maximum revenue from the Bakery Flour Segment.
59GF 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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