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PLDTPHS:TEL +0.97%79 Net-Net Working Capital is ₱-2,192.88 as of Mar. 2026. GuruFocus rates PHS:TEL with a GF Score™ of 79/100 and a GF Value™ of ₱1,344.59 (Fairly Valued). The stock has 5 warning signs investors should review. Among 56 Telecommunication Services companies, PLDT ranks worse than 1785712.5% 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.
PLDT's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₱-2,192.88.
The industry rank for PLDT's Net-Net Working Capital or its related term are showing as below:
PHS:TEL's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 5.58 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
PLDT (PHS:TEL) 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.
PLDT Net-Net Working Capital Related Terms
PLDT Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for PLDT'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:TEL vs TMUS, VZ, T: Net-Net Working Capital Comparison
For the Telecom Services subindustry, PLDT'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.
PLDT Price-to-Net-Net-Working-Capital vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, PLDT's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PLDT'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 ₱-2,192.88 mean?
PLDT (PHS:TEL) has a Net-Net Working Capital of ₱-2,192.88 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 PLDT According to the industry distribution chart, PLDT ranks #999999 out of 56 companies in the Telecommunication Services industry.
Is PLDT's Net-Net Working Capital too high?
PLDT's current Net-Net Working Capital is ₱-2,192.88. Based on the distribution chart, PLDT ranks #999999 out of 56 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, PLDT has a GF Score™ of 79/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PLDT's Net-Net Working Capital compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, PLDT ranks #999999 out of 56 companies for Net-Net Working Capital. This places PLDT in the lower half of its industry. The industry median Net-Net Working Capital is 5.58. 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 Telecommunication Services company?
The median Net-Net Working Capital among Telecommunication Services companies is 5.58, based on 56 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 PLDT For the Telecommunication Services industry, the median Net-Net Working Capital is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PLDT's current Net-Net Working Capital is ₱-2,192.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PLDT stock overvalued right now?
Based on GuruFocus' analysis, PLDT (PHS:TEL) is currently considered Fairly Valued. The stock's GF Value™ is ₱1,344.59, compared to a current price of ₱1,250.00 — trading 7% below its estimated fair value. The current Net-Net Working Capital is ₱-2,192.88. PLDT's overall GF Score™ is 79/100 with 5 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 PLDT (PHS:TEL), the current Net-Net Working Capital is ₱-2,192.88 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 PLDT (PHS:TEL) Overvalued in 2026?
Based on GuruFocus' analysis, PLDT stock appears to be undervalued.
The current stock price of ₱1,250.00 is trading 7% below its estimated GF Value™ of ₱1,344.59.
GuruFocus considers PLDT to be Fairly Valued.
Key valuation signals for PHS:TEL:
Net-Net Working Capital: ₱-2,192.88
GF Value™: ₱1,344.59 vs. price of ₱1,250.00 (7% below fair value)
No single metric tells the full story. See the PHS:TEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PLDT Inc is a telecommunications and digital services provider. The group has three reportable operating segments: Wireless, Fixed Line, and Others. Maximum revenue is generated from its Fixed Line segment, which offers fixed line telecommunications services, servicing retail, corporate, and small and medium-sized enterprises clients. The Fixed Line business segment offers data, voice, and miscellaneous services. It also offers secure data centers, multi-cloud, cybersecurity, data, and artificial intelligence (AI) solutions through different subsidiaries. The Wireless segment generates revenue by offering access to mobile internet via smartphones, mobile broadband using pocket WiFi, or home WiFi using fixed wireless broadband devices. Geographically, the group operates in the Philippines.
79GF Score
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