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Bel FuseBELFA -6.93%74 Net-Net Working Capital is $4.55 as of Jun. 2026. GuruFocus rates BELFA with a GF Score™ of 74/100 and a GF Value™ of $95.81 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,190 Hardware companies, Bel Fuse ranks worse than 90% 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.
Bel Fuse's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $4.55.
The industry rank for Bel Fuse's Net-Net Working Capital or its related term are showing as below:
BELFA's Price-to-Net-Net-Working-Capital is ranked worse than 90% of 1190
companies
in the Hardware industry
Industry Median: 9.385
vs BELFA: 60.72
Bel Fuse (NAS:BELFA) 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.
Bel Fuse Net-Net Working Capital Related Terms
Bel Fuse Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Bel Fuse'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.
BELFA vs OLED, OSIS, KN: Net-Net Working Capital Comparison
For the Electronic Components subindustry, Bel Fuse'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.
Bel Fuse Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Bel Fuse's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Bel Fuse'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 $4.55 mean?
Bel Fuse (BELFA) has a Net-Net Working Capital of $4.55 as of Jun. 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 Bel Fuse According to the industry distribution chart, Bel Fuse ranks #1071 out of 1190 companies in the Hardware industry, placing it in the top 90%.
Is Bel Fuse's Net-Net Working Capital too high?
Bel Fuse's current Net-Net Working Capital is $4.55. The Hardware industry median Net-Net Working Capital is 9.39. Bel Fuse's value of $4.55 is 51.5% below this industry median. Based on the distribution chart, Bel Fuse ranks #1071 out of 1190 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Bel Fuse has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bel Fuse's Net-Net Working Capital compare to OLED and OSIS?
According to the Hardware industry distribution chart, Bel Fuse ranks #1071 out of 1190 companies for Net-Net Working Capital. This places Bel Fuse in the lower half of its industry. The industry median Net-Net Working Capital is 9.39. Bel Fuse's value of $4.55 is 51.5% below 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 9.39, based on 1,190 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. Bel Fuse's current Net-Net Working Capital of $4.55 is 51.5% below 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 Bel Fuse For the Hardware industry, the median Net-Net Working Capital is 9.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bel Fuse's current Net-Net Working Capital is $4.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bel Fuse stock overvalued right now?
Based on GuruFocus' analysis, Bel Fuse (BELFA) is currently considered Significantly Overvalued. The stock's GF Value™ is $95.81, compared to a current price of $230.12 — trading 140.2% above its estimated fair value. The current Net-Net Working Capital is $4.55 and 51.5% below the Hardware industry median of 9.39. Bel Fuse's overall GF Score™ is 74/100 with 4 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 Bel Fuse (BELFA), the current Net-Net Working Capital is $4.55 as of Jun. 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 Bel Fuse (BELFA) Overvalued in 2026?
Based on GuruFocus' analysis, Bel Fuse stock appears to be overvalued.
The current stock price of $230.12 is trading 140.2% above its estimated GF Value™ of $95.81.
GuruFocus considers Bel Fuse to be Significantly Overvalued.
Key valuation signals for BELFA:
Net-Net Working Capital: $4.55
GF Value™: $95.81 vs. price of $230.12 (140.2% above fair value)
Industry Position: 51.5% below the Hardware median (#1071 of 1190)
No single metric tells the full story. See the BELFA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bel Fuse Inc designs and manufactures electronic components that protect and connect electronic circuits. Its product portfolio is divided into three categories: magnetic solutions, power solutions & protection, and connectivity solutions. These products are used for the computer, networking, telecommunications, transportation and defense/aerospace, automotive, medical, and consumer electronics industries. Its geographical segments are the United States, Macao, United Kingdom, Slovakia, Germany, Switzerland, and All other foreign countries. Majority of the revenue is derived from United States.
74GF Score
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