ViVeTech Zrt (BUD:VVT) Net-Net Working Capital: Ft2.32 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BUD:VVT ViVeTech Zrt BUD:VVT
91 GF Score
Price Ft300.00
GF Value Ft542.08
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is ViVeTech Zrt Net-Net Working Capital?

ViVeTech Zrt BUD:VVT 91 Net-Net Working Capital is Ft2.32 as of Dec. 2025. GuruFocus rates BUD:VVT with a GF Score™ of 91/100 and a GF Value™ of Ft542.08 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,227 Software companies, ViVeTech Zrt ranks worse than 96.74% 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.

ViVeTech Zrt's Net-Net Working Capital for the quarter that ended in Dec. 2025 was Ft2.32.

The industry rank for ViVeTech Zrt's Net-Net Working Capital or its related term are showing as below:

BUD:VVT's Price-to-Net-Net-Working-Capital is ranked worse than
96.74% of 1227 companies
in the Software industry
Industry Median: 7.03 vs BUD:VVT: 129.31

ViVeTech Zrt  (BUD:VVT) 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.


ViVeTech Zrt Net-Net Working Capital Related Terms


ViVeTech Zrt Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for ViVeTech Zrt'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.

ViVeTech Zrt Net-Net Working Capital Chart

ViVeTech Zrt Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial -30.21 -63.71 -46.92 -31.65 2.32

ViVeTech Zrt Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only -46.92 -32.57 -31.65 -35.32 2.32

BUD:VVT vs CRM, SHOP, UBER: Net-Net Working Capital Comparison

For the Software - Application subindustry, ViVeTech Zrt'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.


ViVeTech Zrt Price-to-Net-Net-Working-Capital vs Software Industry

For the Software industry and Technology sector, ViVeTech Zrt's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where ViVeTech Zrt's Price-to-Net-Net-Working-Capital falls into.


BUD:VVT
91GF Score
ViVeTech Zrt BUD:VVT
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ViVeTech Zrt Net-Net Working Capital Calculation

ViVeTech Zrt's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(169.704+0.75 * 609.608+0.5 * 0-598.244
-0-0)/12.355
=2.32

ViVeTech Zrt's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(169.704+0.75 * 609.608+0.5 * 0-598.244
-0-0)/12.355
=2.32

* 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 Ft2.32 mean?
ViVeTech Zrt (BUD:VVT) has a Net-Net Working Capital of Ft2.32 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 ViVeTech Zrt According to the industry distribution chart, ViVeTech Zrt ranks #1187 out of 1227 companies in the Software industry, placing it in the top 96.7%.
Is ViVeTech Zrt's Net-Net Working Capital too high?
ViVeTech Zrt's current Net-Net Working Capital is Ft2.32. Based on the distribution chart, ViVeTech Zrt ranks #1187 out of 1227 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, ViVeTech Zrt has a GF Score™ of 91/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ViVeTech Zrt's Net-Net Working Capital compare to CRM and SHOP?
According to the Software industry distribution chart, ViVeTech Zrt ranks #1187 out of 1227 companies for Net-Net Working Capital. This places ViVeTech Zrt in the lower half of its industry. The industry median Net-Net Working Capital is 7.03. 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 7.03, based on 1,227 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 ViVeTech Zrt For the Software industry, the median Net-Net Working Capital is 7.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ViVeTech Zrt's current Net-Net Working Capital is Ft2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ViVeTech Zrt stock overvalued right now?
Based on GuruFocus' analysis, ViVeTech Zrt (BUD:VVT) is currently considered Possible Value Trap. The stock's GF Value™ is Ft542.08, compared to a current price of Ft300.00 — trading 44.7% below its estimated fair value. The current Net-Net Working Capital is Ft2.32. ViVeTech Zrt's overall GF Score™ is 91/100 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 ViVeTech Zrt (BUD:VVT), the current Net-Net Working Capital is Ft2.32 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 ViVeTech Zrt (BUD:VVT) Overvalued in 2026?

Based on GuruFocus' analysis, ViVeTech Zrt stock appears to be undervalued. The current stock price of Ft300.00 is trading 44.7% below its estimated GF Value™ of Ft542.08. GuruFocus considers ViVeTech Zrt to be Possible Value Trap.

Key valuation signals for BUD:VVT:

  • Net-Net Working Capital: Ft2.32
  • GF Value™: Ft542.08 vs. price of Ft300.00 (44.7% below fair value)
  • GF Score™: 91/100 with 4 warning signs

No single metric tells the full story. See the BUD:VVT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ViVeTech Zrt Business Description

Address Szuret street 15, Budapest, HUN, H-1118
ViVeTech Zrt is a Hungarian-owned IT consulting and development company. It is an application platform that, owing to its high level of automation and integration, implements the complete and efficient operation of the information security management system (ISMS) in a single system. Its services include IT security and project management.
91GF Score

Get the complete analysis for BUD:VVT

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

Ft300.00
Price
Ft542.08
GF Value