SRGPF (Sri Trang Agro-Industry) Net-Net Working Capital: $-0.80 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SRGPF Sri Trang Agro-Industry PLC SRGPF
75 GF Score
Price $0.28
GF Value $0.26
! 12 Warning Signs
View Full Analysis

What is Sri Trang Agro-Industry Net-Net Working Capital?

Sri Trang Agro-Industry SRGPF 75 Net-Net Working Capital is $-0.80 as of Mar. 2026. GuruFocus rates SRGPF with a GF Score™ of 75/100 and a GF Value™ of $0.26. The stock has 12 warning signs investors should review. Among 589 Chemicals companies, Sri Trang Agro-Industry ranks worse than 169779.12% 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.

Sri Trang Agro-Industry's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-0.80.

The industry rank for Sri Trang Agro-Industry's Net-Net Working Capital or its related term are showing as below:

SRGPF's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 7.44
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Sri Trang Agro-Industry  (OTCPK:SRGPF) 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.


Sri Trang Agro-Industry Net-Net Working Capital Related Terms


Sri Trang Agro-Industry Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Sri Trang Agro-Industry'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.

Sri Trang Agro-Industry Net-Net Working Capital Chart

Sri Trang Agro-Industry Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.43 -0.47 -0.57 -0.81 -0.79

Sri Trang Agro-Industry Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.76 -0.68 -0.73 -0.79 -0.80

SRGPF vs LIN, SHW, ECL: Net-Net Working Capital Comparison

For the Specialty Chemicals subindustry, Sri Trang Agro-Industry'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.


Sri Trang Agro-Industry Price-to-Net-Net-Working-Capital vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sri Trang Agro-Industry's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Sri Trang Agro-Industry's Price-to-Net-Net-Working-Capital falls into.


SRGPF
75GF Score
Sri Trang Agro-Industry PLC SRGPF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sri Trang Agro-Industry Net-Net Working Capital Calculation

Sri Trang Agro-Industry's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(166.775+0.75 * 255.233+0.5 * 996.181-1506.237
-0-569.884)/1536.000
=-0.79

Sri Trang Agro-Industry's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(153.031+0.75 * 239.963+0.5 * 950.141-1467.059
-0-564.121)/1536.000
=-0.80

* 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 $-0.80 mean?
Sri Trang Agro-Industry (SRGPF) has a Net-Net Working Capital of $-0.80 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 Sri Trang Agro-Industry According to the industry distribution chart, Sri Trang Agro-Industry ranks #999999 out of 589 companies in the Chemicals industry.
Is Sri Trang Agro-Industry's Net-Net Working Capital too high?
Sri Trang Agro-Industry's current Net-Net Working Capital is $-0.80. Based on the distribution chart, Sri Trang Agro-Industry ranks #999999 out of 589 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Sri Trang Agro-Industry has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Sri Trang Agro-Industry's Net-Net Working Capital compare to LIN and SHW?
According to the Chemicals industry distribution chart, Sri Trang Agro-Industry ranks #999999 out of 589 companies for Net-Net Working Capital. This places Sri Trang Agro-Industry in the lower half of its industry. The industry median Net-Net Working Capital is 7.44. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 7.44, based on 589 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 Sri Trang Agro-Industry For the Chemicals industry, the median Net-Net Working Capital is 7.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sri Trang Agro-Industry's current Net-Net Working Capital is $-0.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sri Trang Agro-Industry stock overvalued right now?
Sri Trang Agro-Industry (SRGPF) has a current Net-Net Working Capital of $-0.80. The stock's GF Value™ is $0.26, compared to a current price of $0.28 — trading 7.8% above its estimated fair value. The current Net-Net Working Capital is $-0.80. Sri Trang Agro-Industry's overall GF Score™ is 75/100 with 12 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 Sri Trang Agro-Industry (SRGPF), the current Net-Net Working Capital is $-0.80 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 Sri Trang Agro-Industry (SRGPF) Overvalued in 2026?

Based on GuruFocus' analysis, Sri Trang Agro-Industry stock appears to be overvalued. The current stock price of $0.28 is trading 7.8% above its estimated GF Value™ of $0.26.

Key valuation signals for SRGPF:

  • Net-Net Working Capital: $-0.80
  • GF Value™: $0.26 vs. price of $0.28 (7.8% above fair value)
  • GF Score™: 75/100 with 12 warning signs

No single metric tells the full story. See the SRGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sri Trang Agro-Industry Business Description

Other Exchanges STA:ThailandNC2:Singapore
Address 10 Soi 10, Phetkasem Road, Hat Yai, Songkhla, THA, 90110
Sri Trang Agro-Industry PLC is engaged in the manufacturing and distribution of natural rubber products such as ribbed smoked sheets, concentrated latex, block rubber, and other products. It has three reportable segments are; Natural rubber products, Gloves, and Other businesses: Plantation, Engineering business, Logistics services and other services, Other rubber products, Financial asset management and financial investment. Majority of the revenue for the company is generated from its Natural rubber products segment. Geographically, it generates a majority of its revenue from China and also has its presence in other markets such as Thailand, USA, Singapore, Japan and other regions.
75GF Score

Get the complete analysis for SRGPF

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.28
Price
$0.26
GF Value