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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.
The industry rank for Przedsiebiorstwo Handlowe Best's Net-Net Working Capital or its related term are showing as below:
WAR:BST's Price-to-Net-Net-Working-Capital is not ranked *
in the Credit Services industry.
Industry Median: 6.9 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Przedsiebiorstwo Handlowe Best (WAR:BST) 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.
Przedsiebiorstwo Handlowe Best Net-Net Working Capital Related Terms
Przedsiebiorstwo Handlowe Best Net-Net Working Capital Historical Data
* 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.
Przedsiebiorstwo Handlowe Best Net-Net Working Capital Chart
WAR:BST vs V, MA, AXP: Net-Net Working Capital Comparison
For the Credit Services subindustry, Przedsiebiorstwo Handlowe Best'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.
Przedsiebiorstwo Handlowe Best Price-to-Net-Net-Working-Capital vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Przedsiebiorstwo Handlowe Best's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Przedsiebiorstwo Handlowe Best'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 zł-56.59 mean?
Przedsiebiorstwo Handlowe Best (WAR:BST) has a Net-Net Working Capital of zł-56.59 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 Przedsiebiorstwo Handlowe Best According to the industry distribution chart, Przedsiebiorstwo Handlowe Best ranks #999999 out of 76 companies in the Credit Services industry.
Is Przedsiebiorstwo Handlowe Best's Net-Net Working Capital too high?
Przedsiebiorstwo Handlowe Best's current Net-Net Working Capital is zł-56.59. Based on the distribution chart, Przedsiebiorstwo Handlowe Best ranks #999999 out of 76 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Przedsiebiorstwo Handlowe Best has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Przedsiebiorstwo Handlowe Best's Net-Net Working Capital compare to V and MA?
According to the Credit Services industry distribution chart, Przedsiebiorstwo Handlowe Best ranks #999999 out of 76 companies for Net-Net Working Capital. This places Przedsiebiorstwo Handlowe Best in the lower half of its industry. The industry median Net-Net Working Capital is 6.90. 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 Credit Services company?
The median Net-Net Working Capital among Credit Services companies is 6.90, based on 76 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 Przedsiebiorstwo Handlowe Best For the Credit Services industry, the median Net-Net Working Capital is 6.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Przedsiebiorstwo Handlowe Best's current Net-Net Working Capital is zł-56.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Przedsiebiorstwo Handlowe Best stock overvalued right now?
Based on GuruFocus' analysis, Przedsiebiorstwo Handlowe Best (WAR:BST) is currently considered Fairly Valued. The stock's GF Value™ is zł34.24, compared to a current price of zł33.50 — trading 2.2% below its estimated fair value. The current Net-Net Working Capital is zł-56.59. Przedsiebiorstwo Handlowe Best'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 Przedsiebiorstwo Handlowe Best (WAR:BST), the current Net-Net Working Capital is zł-56.59 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 Przedsiebiorstwo Handlowe Best (WAR:BST) Overvalued in 2026?
Based on GuruFocus' analysis, Przedsiebiorstwo Handlowe Best stock appears to be undervalued.
The current stock price of zł33.50 is trading 2.2% below its estimated GF Value™ of zł34.24.
GuruFocus considers Przedsiebiorstwo Handlowe Best to be Fairly Valued.
Key valuation signals for WAR:BST:
Net-Net Working Capital: zł-56.59
GF Value™: zł34.24 vs. price of zł33.50 (2.2% below fair value)
No single metric tells the full story. See the WAR:BST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Przedsiebiorstwo Handlowe Best SA is a Poland based company engaged in the business of debt collection. It provides debt collection services for third parties, including banks, borrowing companies, telecommunication operators, power companies, and other mass service providers.
75GF Score
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