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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.
Qassim Cement Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was ﷼3.06.
The industry rank for Qassim Cement Co's Net-Net Working Capital or its related term are showing as below:
SAU:3040's Price-to-Net-Net-Working-Capital is ranked worse than 74.26% of 101
companies
in the Building Materials industry
Industry Median: 7.14
vs SAU:3040: 14.59
Qassim Cement Co (SAU:3040) 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.
Qassim Cement Co Net-Net Working Capital Related Terms
Qassim Cement Co Net-Net Working Capital Historical Data
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The historical data trend for Qassim Cement Co'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.
SAU:3040 vs CRH, MLM, VMC: Net-Net Working Capital Comparison
For the Building Materials subindustry, Qassim Cement Co'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.
Qassim Cement Co Price-to-Net-Net-Working-Capital vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Qassim Cement Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Qassim Cement Co'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 ﷼3.06 mean?
Qassim Cement Co (SAU:3040) has a Net-Net Working Capital of ﷼3.06 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 Qassim Cement Co According to the industry distribution chart, Qassim Cement Co ranks #75 out of 101 companies in the Building Materials industry, placing it in the top 74.3%.
Is Qassim Cement Co's Net-Net Working Capital too high?
Qassim Cement Co's current Net-Net Working Capital is ﷼3.06. Based on the distribution chart, Qassim Cement Co ranks #75 out of 101 companies in the Building Materials industry, which is below the industry midpoint. Overall, Qassim Cement Co has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Qassim Cement Co's Net-Net Working Capital compare to CRH and MLM?
According to the Building Materials industry distribution chart, Qassim Cement Co ranks #75 out of 101 companies for Net-Net Working Capital. This places Qassim Cement Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.14. 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 Building Materials company?
The median Net-Net Working Capital among Building Materials companies is 7.14, based on 101 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 Qassim Cement Co For the Building Materials industry, the median Net-Net Working Capital is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qassim Cement Co's current Net-Net Working Capital is ﷼3.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qassim Cement Co stock overvalued right now?
Based on GuruFocus' analysis, Qassim Cement Co (SAU:3040) is currently considered Modestly Undervalued. The stock's GF Value™ is ﷼61.84, compared to a current price of ﷼44.66 — trading 27.8% below its estimated fair value. The current Net-Net Working Capital is ﷼3.06. Qassim Cement Co's overall GF Score™ is 89/100 with 6 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 Qassim Cement Co (SAU:3040), the current Net-Net Working Capital is ﷼3.06 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 Qassim Cement Co (SAU:3040) Overvalued in 2026?
Based on GuruFocus' analysis, Qassim Cement Co stock appears to be undervalued.
The current stock price of ﷼44.66 is trading 27.8% below its estimated GF Value™ of ﷼61.84.
GuruFocus considers Qassim Cement Co to be Modestly Undervalued.
Key valuation signals for SAU:3040:
Net-Net Working Capital: ﷼3.06
GF Value™: ﷼61.84 vs. price of ﷼44.66 (27.8% below fair value)
No single metric tells the full story. See the SAU:3040 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qassim Cement Co is a Saudi Arabian cement producer headquartered in Buraydah, in the Qassim region. The company manufactures and sells cement and related products, including ordinary Portland cement, sulphate-resistant cement, Portland pozzolana cement, and finishing cement, serving construction contractors, ready-mix concrete producers, and infrastructure developers. Its operations are concentrated in the Kingdom of Saudi Arabia, where it operates integrated cement plants and distribution facilities, with its primary market in the central and northern regions. Revenue is generated mainly through the sale of cement and clinker in domestic markets, with demand driven by government infrastructure projects, commercial construction, and residential building activity. The company is listed on the Saudi Exchange (Tadawul) and has expanded through acquisitions of other Saudi cement producers, increasing its production capacity and market reach within the country.
89GF Score
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