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.
Atos Bank a.d.'s Net-Net Working Capital for the quarter that ended in Dec. 2025 was BAM-13,466.08.
The industry rank for Atos Bank a.d.'s Net-Net Working Capital or its related term are showing as below:
XBLB:ZPKB-R-A's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.795 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Atos Bank a.d. (XBLB:ZPKB-R-A) 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.
Atos Bank a.d. Net-Net Working Capital Related Terms
Atos Bank a.d. Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Atos Bank a.d.'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.
XBLB:ZPKB-R-A vs LCHTF: Net-Net Working Capital Comparison
For the Banks - Regional subindustry, Atos Bank a.d.'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.
Atos Bank a.d. Price-to-Net-Net-Working-Capital vs Banks Industry
For the Banks industry and Financial Services sector, Atos Bank a.d.'s Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Atos Bank a.d.'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 BAM-13,466.08 mean?
Atos Bank a.d. (XBLB:ZPKB-R-A) has a Net-Net Working Capital of BAM-13,466.08 as of Dec. 2025. 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 Atos Bank a.d.
Is Atos Bank a.d.'s Net-Net Working Capital too high?
Atos Bank a.d.'s current Net-Net Working Capital is BAM-13,466.08.
How does Atos Bank a.d.'s Net-Net Working Capital compare to LCHTF?
Atos Bank a.d.'s Net-Net Working Capital of BAM-13,466.08 can be compared against companies in the Banks industry. The industry median Net-Net Working Capital is 1.80. 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 1.80, 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 Atos Bank a.d. For the Banks industry, the median Net-Net Working Capital is 1.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atos Bank a.d.'s current Net-Net Working Capital is BAM-13,466.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atos Bank a.d. stock overvalued right now?
Atos Bank a.d. (XBLB:ZPKB-R-A) has a current Net-Net Working Capital of BAM-13,466.08. The current Net-Net Working Capital is BAM-13,466.08. 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 Atos Bank a.d. (XBLB:ZPKB-R-A), the current Net-Net Working Capital is BAM-13,466.08 as of Dec. 2025. 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.
Atos Bank a.d. operates in the finance and banking sector. It offers various banking services including accounts and payments, package accounts, savings, and cards. The bank also offers online banking, mobile banking, and automated teller machine (ATM) services.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XBLB:ZPKB-R-A has been successfully added to your 