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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.
Petronas Dagangan Bhd's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.19.
The industry rank for Petronas Dagangan Bhd's Net-Net Working Capital or its related term are showing as below:
PNADF's Price-to-Net-Net-Working-Capital is ranked worse than 83.85% of 192
companies
in the Oil & Gas industry
Industry Median: 6.055
vs PNADF: 26.35
Petronas Dagangan Bhd (OTCPK:PNADF) 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.
Petronas Dagangan Bhd Net-Net Working Capital Related Terms
Petronas Dagangan Bhd Net-Net Working Capital Historical Data
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The historical data trend for Petronas Dagangan Bhd'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.
Petronas Dagangan Bhd Net-Net Working Capital Chart
PNADF vs MPC, VLO, PSX: Net-Net Working Capital Comparison
For the Oil & Gas Refining & Marketing subindustry, Petronas Dagangan Bhd'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.
Petronas Dagangan Bhd Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Petronas Dagangan Bhd's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Petronas Dagangan Bhd'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 $0.19 mean?
Petronas Dagangan Bhd (PNADF) has a Net-Net Working Capital of $0.19 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 Petronas Dagangan Bhd According to the industry distribution chart, Petronas Dagangan Bhd ranks #161 out of 192 companies in the Oil & Gas industry, placing it in the top 83.9%.
Is Petronas Dagangan Bhd's Net-Net Working Capital too high?
Petronas Dagangan Bhd's current Net-Net Working Capital is $0.19. The Oil & Gas industry median Net-Net Working Capital is 6.06. Petronas Dagangan Bhd's value of $0.19 is 96.9% below this industry median. Based on the distribution chart, Petronas Dagangan Bhd ranks #161 out of 192 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Petronas Dagangan Bhd has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does Petronas Dagangan Bhd's Net-Net Working Capital compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Petronas Dagangan Bhd ranks #161 out of 192 companies for Net-Net Working Capital. This places Petronas Dagangan Bhd in the lower half of its industry. The industry median Net-Net Working Capital is 6.06. Petronas Dagangan Bhd's value of $0.19 is 96.9% 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 an Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.06, based on 192 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. Petronas Dagangan Bhd's current Net-Net Working Capital of $0.19 is 96.9% 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 Petronas Dagangan Bhd For the Oil & Gas industry, the median Net-Net Working Capital is 6.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Petronas Dagangan Bhd's current Net-Net Working Capital is $0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Petronas Dagangan Bhd stock overvalued right now?
Petronas Dagangan Bhd (PNADF) has a current Net-Net Working Capital of $0.19. The stock's GF Value™ is $5.25, compared to a current price of $4.48 — trading 14.7% below its estimated fair value. The current Net-Net Working Capital is $0.19 and 96.9% below the Oil & Gas industry median of 6.06. Petronas Dagangan Bhd's overall GF Score™ is 91/100 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 Petronas Dagangan Bhd (PNADF), the current Net-Net Working Capital is $0.19 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 Petronas Dagangan Bhd (PNADF) Overvalued in 2026?
Based on GuruFocus' analysis, Petronas Dagangan Bhd stock appears to be undervalued.
The current stock price of $4.48 is trading 14.7% below its estimated GF Value™ of $5.25.
Key valuation signals for PNADF:
Net-Net Working Capital: $0.19
GF Value™: $5.25 vs. price of $4.48 (14.7% below fair value)
Industry Position: 96.9% below the Oil & Gas median (#161 of 192)
No single metric tells the full story. See the PNADF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Petronas Dagangan Bhd offers a variety of petroleum products and services to retail and industrial customers. The company's reportable segments comprise Retail, Commercial and Convenience Businesses. Retail segment consists of sales and purchases of petroleum products to the retail sector. Commercial segment consists of sales and purchases of petroleum products and provision of services to the commercial sector. Convenience segment comprises mainly non-fuel business activities. It derives maximum revenue from Retail segment. The Group's operations are predominantly within Malaysia. The products are Fuels; Cooking Gas; and Lubricants. The services of the company include: Used Cooking Oil; Card Services; PETRONAS Gift Card; Cafe Mesra; Makan Mesra; Segar Mesra; Setel; and 8X World Champion.
91GF Score
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