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State Bank of IndiaSBKFF 68 Net-Net Working Capital is $-823.83 as of Mar. 2026. GuruFocus rates SBKFF with a GF Score™ of 68/100 and a GF Value™ of $83.92 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 8 Banks companies, State Bank of India ranks worse than 12499987.5% 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.
State Bank of India's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-823.83.
The industry rank for State Bank of India's Net-Net Working Capital or its related term are showing as below:
SBKFF's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.785 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
State Bank of India (OTCPK:SBKFF) 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.
State Bank of India Net-Net Working Capital Related Terms
State Bank of India Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for State Bank of India'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.
For the Banks - Regional subindustry, State Bank of India'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.
State Bank of India Price-to-Net-Net-Working-Capital vs Banks Industry
For the Banks industry and Financial Services sector, State Bank of India's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where State Bank of India'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 $-823.83 mean?
State Bank of India (SBKFF) has a Net-Net Working Capital of $-823.83 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 State Bank of India According to the industry distribution chart, State Bank of India ranks #999999 out of 8 companies in the Banks industry.
Is State Bank of India's Net-Net Working Capital too high?
State Bank of India's current Net-Net Working Capital is $-823.83. Based on the distribution chart, State Bank of India ranks #999999 out of 8 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, State Bank of India has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does State Bank of India's Net-Net Working Capital compare to PNC?
According to the Banks industry distribution chart, State Bank of India ranks #999999 out of 8 companies for Net-Net Working Capital. This places State Bank of India in the lower half of its industry. The industry median Net-Net Working Capital is 1.79. 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 Banks company?
The median Net-Net Working Capital among Banks companies is 1.79, based on 8 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 State Bank of India For the Banks industry, the median Net-Net Working Capital is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. State Bank of India's current Net-Net Working Capital is $-823.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is State Bank of India stock overvalued right now?
Based on GuruFocus' analysis, State Bank of India (SBKFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $83.92, compared to a current price of $113.46 — trading 35.2% above its estimated fair value. The current Net-Net Working Capital is $-823.83. State Bank of India's overall GF Score™ is 68/100 with 1 warning sign 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 State Bank of India (SBKFF), the current Net-Net Working Capital is $-823.83 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 State Bank of India (SBKFF) Overvalued in 2026?
Based on GuruFocus' analysis, State Bank of India stock appears to be overvalued.
The current stock price of $113.46 is trading 35.2% above its estimated GF Value™ of $83.92.
GuruFocus considers State Bank of India to be Significantly Overvalued.
Key valuation signals for SBKFF:
Net-Net Working Capital: $-823.83
GF Value™: $83.92 vs. price of $113.46 (35.2% above fair value)
No single metric tells the full story. See the SBKFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
State Bank of India is a bank in India. The bank's business segments include Treasury; Corporate/Wholesale Banking; Retail Banking and Other Banking businesses. The bank generates maximum revenue from the Retail Banking segment. The Retail Banking Segment comprises retail branches, which include Personal Banking activities including lending activities to corporate customers having banking relations with these branches. This segment also includes the agency business and ATMs. Geographically, the Company derives a majority of its revenue from India, It also operates in Foreign Countries.
68GF Score
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