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Adyen NVADYYF -5.95%81 Net-Net Working Capital is $136.82 as of Dec. 2025. GuruFocus rates ADYYF with a GF Score™ of 81/100 and a GF Value™ of $1,860.91 (Significantly Undervalued). The stock has 1 warning sign investors should review. Among 1,260 Software companies, Adyen NV ranks worse than 51.9% 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.
Adyen NV's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $136.82.
The industry rank for Adyen NV's Net-Net Working Capital or its related term are showing as below:
ADYYF's Price-to-Net-Net-Working-Capital is ranked worse than 51.9% of 1260
companies
in the Software industry
Industry Median: 6.7
vs ADYYF: 6.71
Adyen NV (OTCPK:ADYYF) 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.
Adyen NV Net-Net Working Capital Related Terms
Adyen NV Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Adyen NV'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.
ADYYF vs MSFT, ORCL, PLTR: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, Adyen NV'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.
Adyen NV Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Adyen NV's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Adyen NV'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 $136.82 mean?
Adyen NV (ADYYF) has a Net-Net Working Capital of $136.82 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 Adyen NV According to the industry distribution chart, Adyen NV ranks #654 out of 1260 companies in the Software industry, placing it in the top 51.9%.
Is Adyen NV's Net-Net Working Capital too high?
Adyen NV's current Net-Net Working Capital is $136.82. The Software industry median Net-Net Working Capital is 6.70. Adyen NV's value of $136.82 is 1942.1% above this industry median. Based on the distribution chart, Adyen NV ranks #654 out of 1260 companies in the Software industry, which is below the industry midpoint. Overall, Adyen NV has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adyen NV's Net-Net Working Capital compare to MSFT and ORCL?
According to the Software industry distribution chart, Adyen NV ranks #654 out of 1260 companies for Net-Net Working Capital. This places Adyen NV in the lower half of its industry. The industry median Net-Net Working Capital is 6.70. Adyen NV's value of $136.82 is 1942.1% above this benchmark. 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 Software company?
The median Net-Net Working Capital among Software companies is 6.70, based on 1,260 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. Adyen NV's current Net-Net Working Capital of $136.82 is 1942.1% above the industry median. 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 Adyen NV For the Software industry, the median Net-Net Working Capital is 6.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adyen NV's current Net-Net Working Capital is $136.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adyen NV stock overvalued right now?
Based on GuruFocus' analysis, Adyen NV (ADYYF) is currently considered Significantly Undervalued. The stock's GF Value™ is $1,860.91, compared to a current price of $924.00 — trading 50.3% below its estimated fair value. The current Net-Net Working Capital is $136.82 and 1942.1% above the Software industry median of 6.70. Adyen NV's overall GF Score™ is 81/100 with 1 warning sign 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 Adyen NV (ADYYF), the current Net-Net Working Capital is $136.82 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.
Is Adyen NV (ADYYF) Overvalued in 2026?
Based on GuruFocus' analysis, Adyen NV stock appears to be undervalued.
The current stock price of $924.00 is trading 50.3% below its estimated GF Value™ of $1,860.91.
GuruFocus considers Adyen NV to be Significantly Undervalued.
Key valuation signals for ADYYF:
Net-Net Working Capital: $136.82
GF Value™: $1,860.91 vs. price of $924.00 (50.3% below fair value)
Industry Position: 1942.1% above the Software median (#654 of 1260)
No single metric tells the full story. See the ADYYF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adyen is a payment company that provides merchants with a single platform to accept e-commerce, mobile, and point-of-sale payments in multiple countries using various payment schemes and methodologies. Adyen started out providing only gateway and payment processing services to merchants but soon expanded into merchant acquiring services as well. Adyen obtained a banking license to improve settlement of merchant accounts.
81GF Score
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