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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.
Bonny Worldwide's Net-Net Working Capital for the quarter that ended in Mar. 2026 was NT$6.27.
The industry rank for Bonny Worldwide's Net-Net Working Capital or its related term are showing as below:
TPE:8467's Price-to-Net-Net-Working-Capital is ranked worse than 72.82% of 206
companies
in the Travel & Leisure industry
Industry Median: 6.34
vs TPE:8467: 15.45
Bonny Worldwide (TPE:8467) 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.
Bonny Worldwide Net-Net Working Capital Related Terms
Bonny Worldwide Net-Net Working Capital Historical Data
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The historical data trend for Bonny Worldwide'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.
TPE:8467 vs AS, HAS, LTH: Net-Net Working Capital Comparison
For the Leisure subindustry, Bonny Worldwide'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.
Bonny Worldwide Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Bonny Worldwide's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bonny Worldwide'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 NT$6.27 mean?
Bonny Worldwide (TPE:8467) has a Net-Net Working Capital of NT$6.27 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 Bonny Worldwide According to the industry distribution chart, Bonny Worldwide ranks #150 out of 206 companies in the Travel & Leisure industry, placing it in the top 72.8%.
Is Bonny Worldwide's Net-Net Working Capital too high?
Bonny Worldwide's current Net-Net Working Capital is NT$6.27. Based on the distribution chart, Bonny Worldwide ranks #150 out of 206 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Bonny Worldwide has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bonny Worldwide's Net-Net Working Capital compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Bonny Worldwide ranks #150 out of 206 companies for Net-Net Working Capital. This places Bonny Worldwide in the lower half of its industry. The industry median Net-Net Working Capital is 6.34. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 6.34, based on 206 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 Bonny Worldwide For the Travel & Leisure industry, the median Net-Net Working Capital is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bonny Worldwide's current Net-Net Working Capital is NT$6.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bonny Worldwide stock overvalued right now?
Based on GuruFocus' analysis, Bonny Worldwide (TPE:8467) is currently considered Significantly Undervalued. The stock's GF Value™ is NT$177.15, compared to a current price of NT$96.90 — trading 45.3% below its estimated fair value. The current Net-Net Working Capital is NT$6.27. Bonny Worldwide's overall GF Score™ is 72/100 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 Bonny Worldwide (TPE:8467), the current Net-Net Working Capital is NT$6.27 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 Bonny Worldwide (TPE:8467) Overvalued in 2026?
Based on GuruFocus' analysis, Bonny Worldwide stock appears to be undervalued.
The current stock price of NT$96.90 is trading 45.3% below its estimated GF Value™ of NT$177.15.
GuruFocus considers Bonny Worldwide to be Significantly Undervalued.
Key valuation signals for TPE:8467:
Net-Net Working Capital: NT$6.27
GF Value™: NT$177.15 vs. price of NT$96.90 (45.3% below fair value)
No single metric tells the full story. See the TPE:8467 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bonny Worldwide Ltd is mainly engaged in the research, development, design, manufacture and sale of carbon fiber composite products. The company derives the majority of its revenue from North America, and the rest from Mainland China, Taiwan, and other geographical regions.
72GF Score
Get the complete analysis for TPE:8467
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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