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Baker TechnologySGX:BTP 25 Net-Net Working Capital is S$0.19 as of Jun. 2026. GuruFocus rates SGX:BTP with a GF Score™ of 25/100 and a GF Value™ of S$0.27 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 193 Oil & Gas companies, Baker Technology ranks better than 74.61% 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.
Baker Technology's Net-Net Working Capital for the quarter that ended in Jun. 2026 was S$0.19.
The industry rank for Baker Technology's Net-Net Working Capital or its related term are showing as below:
SGX:BTP's Price-to-Net-Net-Working-Capital is ranked better than 74.61% of 193
companies
in the Oil & Gas industry
Industry Median: 6.51
vs SGX:BTP: 2.26
Baker Technology (SGX:BTP) 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.
Baker Technology Net-Net Working Capital Related Terms
Baker Technology Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Baker Technology'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.
SGX:BTP vs SLB, BKR, HAL: Net-Net Working Capital Comparison
For the Oil & Gas Equipment & Services subindustry, Baker Technology'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.
Baker Technology Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Baker Technology's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Baker Technology'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 S$0.19 mean?
Baker Technology (SGX:BTP) has a Net-Net Working Capital of S$0.19 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 Baker Technology According to the industry distribution chart, Baker Technology ranks #49 out of 193 companies in the Oil & Gas industry, placing it in the top 25.4%.
Is Baker Technology's Net-Net Working Capital too high?
Baker Technology's current Net-Net Working Capital is S$0.19. Based on the distribution chart, Baker Technology ranks #49 out of 193 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Baker Technology has a GF Score™ of 25/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Baker Technology's Net-Net Working Capital compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Baker Technology ranks #49 out of 193 companies for Net-Net Working Capital. This puts Baker Technology in the upper half of its industry. The industry median Net-Net Working Capital is 6.51. 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 6.51, based on 193 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 Baker Technology For the Oil & Gas industry, the median Net-Net Working Capital is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Baker Technology's current Net-Net Working Capital is S$0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Baker Technology stock overvalued right now?
Based on GuruFocus' analysis, Baker Technology (SGX:BTP) is currently considered Significantly Overvalued. The stock's GF Value™ is S$0.27, compared to a current price of S$0.43 — trading 59.3% above its estimated fair value. The current Net-Net Working Capital is S$0.19. Baker Technology's overall GF Score™ is 25/100 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 Baker Technology (SGX:BTP), the current Net-Net Working Capital is S$0.19 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 Baker Technology (SGX:BTP) Overvalued in 2026?
Based on GuruFocus' analysis, Baker Technology stock appears to be overvalued.
The current stock price of S$0.43 is trading 59.3% above its estimated GF Value™ of S$0.27.
GuruFocus considers Baker Technology to be Significantly Overvalued.
Key valuation signals for SGX:BTP:
Net-Net Working Capital: S$0.19
GF Value™: S$0.27 vs. price of S$0.43 (59.3% above fair value)
No single metric tells the full story. See the SGX:BTP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Baker Technology Ltd is an investment holding company focused on the offshore oil and gas industry. The company's business segments include Marine Offshore, Investments, and Corporate. The Marine offshore segment is essentially the company's principal business activity as manufacturers and providers of specialized marine offshore equipment and services for the oil and gas industry. The Investments segment relates to the investments in available-for-sale investments. The Corporate segment is involved in corporate services and treasury functions. The company has its geographical presence in Asia Pacific (excluding China and Singapore), the Middle East, Africa, Singapore, Europe, Americas, and China. The Marine-Offshore segment generates maximum revenue for the company.
25GF Score
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