Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Cerebras SystemsCBRS -2.12%10 Net-Net Working Capital is $-13.11 as of Mar. 2026. GuruFocus rates CBRS with a GF Score™ of 10/100. The stock has 3 warning signs investors should review. Among 533 Semiconductors companies, Cerebras Systems ranks worse than 187617.07% 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.
Cerebras Systems's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-13.11.
The industry rank for Cerebras Systems's Net-Net Working Capital or its related term are showing as below:
CBRS's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 10.5 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Cerebras Systems (NAS:CBRS) 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.
Cerebras Systems Net-Net Working Capital Related Terms
Cerebras Systems Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Cerebras Systems'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.
CBRS vs MCHP, CRDO, ALAB: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Cerebras Systems'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.
Cerebras Systems Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Cerebras Systems's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Cerebras Systems'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 $-13.11 mean?
Cerebras Systems (CBRS) has a Net-Net Working Capital of $-13.11 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 Cerebras Systems According to the industry distribution chart, Cerebras Systems ranks #999999 out of 533 companies in the Semiconductors industry.
Is Cerebras Systems' Net-Net Working Capital too high?
Cerebras Systems' current Net-Net Working Capital is $-13.11. Based on the distribution chart, Cerebras Systems ranks #999999 out of 533 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Cerebras Systems has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Cerebras Systems' Net-Net Working Capital compare to MCHP and CRDO?
According to the Semiconductors industry distribution chart, Cerebras Systems ranks #999999 out of 533 companies for Net-Net Working Capital. This places Cerebras Systems in the lower half of its industry. The industry median Net-Net Working Capital is 10.50. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 10.50, based on 533 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 Cerebras Systems For the Semiconductors industry, the median Net-Net Working Capital is 10.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cerebras Systems's current Net-Net Working Capital is $-13.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cerebras Systems stock overvalued right now?
Cerebras Systems (CBRS) has a current Net-Net Working Capital of $-13.11. The current Net-Net Working Capital is $-13.11. Cerebras Systems' overall GF Score™ is 10/100 with 3 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 Cerebras Systems (CBRS), the current Net-Net Working Capital is $-13.11 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.
Cerebras Systems Inc is an AI company. It designs the world's fastest AI infrastructure for training and inference. The company builds the world's largest semiconductor as well as the AI systems to power, cool, and feed the processors data. It develops software to link these systems together into industry-leading supercomputers that are simple to use even for the most complicated AI work, using familiar ML frameworks like PyTorch. Customers use its supercomputers to train industry-leading models. The company uses these supercomputers to run inference at speeds unobtainable from alternative commercial technologies. It delivers these AI capabilities to its customers on-premise and via the cloud. The company generates the majority of its revenue from the USA.
10GF Score
Get the complete analysis for CBRS
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
CBRS has been successfully added to your 
