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Celsius HoldingsCELH -1.67%68 Net-Net Working Capital is $-10.23 as of Jun. 2026. GuruFocus rates CELH with a GF Score™ of 68/100 and a GF Value™ of $77.19 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 46 Beverages - Non-Alcoholic companies, Celsius Holdings ranks worse than 2173910.87% 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.
Celsius Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $-10.23.
The industry rank for Celsius Holdings's Net-Net Working Capital or its related term are showing as below:
CELH's Price-to-Net-Net-Working-Capital is not ranked *
in the Beverages - Non-Alcoholic industry.
Industry Median: 10.81 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Celsius Holdings (NAS:CELH) 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.
Celsius Holdings Net-Net Working Capital Related Terms
Celsius Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Celsius Holdings'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.
CELH vs PRMB, COCO, FIZZ: Net-Net Working Capital Comparison
For the Beverages - Non-Alcoholic subindustry, Celsius Holdings'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.
Celsius Holdings Price-to-Net-Net-Working-Capital vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Celsius Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Celsius Holdings'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 $-10.23 mean?
Celsius Holdings (CELH) has a Net-Net Working Capital of $-10.23 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 Celsius Holdings According to the industry distribution chart, Celsius Holdings ranks #999999 out of 46 companies in the Beverages - Non-Alcoholic industry.
Is Celsius Holdings' Net-Net Working Capital too high?
Celsius Holdings' current Net-Net Working Capital is $-10.23. Based on the distribution chart, Celsius Holdings ranks #999999 out of 46 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Celsius Holdings has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Celsius Holdings' Net-Net Working Capital compare to PRMB and COCO?
According to the Beverages - Non-Alcoholic industry distribution chart, Celsius Holdings ranks #999999 out of 46 companies for Net-Net Working Capital. This places Celsius Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 10.81. 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 Beverages - Non-Alcoholic company?
The median Net-Net Working Capital among Beverages - Non-Alcoholic companies is 10.81, based on 46 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 Celsius Holdings For the Beverages - Non-Alcoholic industry, the median Net-Net Working Capital is 10.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celsius Holdings's current Net-Net Working Capital is $-10.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celsius Holdings stock overvalued right now?
Based on GuruFocus' analysis, Celsius Holdings (CELH) is currently considered Significantly Undervalued. The stock's GF Value™ is $77.19, compared to a current price of $27.62 — trading 64.2% below its estimated fair value. The current Net-Net Working Capital is $-10.23. Celsius Holdings' overall GF Score™ is 68/100 with 2 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 Celsius Holdings (CELH), the current Net-Net Working Capital is $-10.23 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 Celsius Holdings (CELH) Overvalued in 2026?
Based on GuruFocus' analysis, Celsius Holdings stock appears to be undervalued.
The current stock price of $27.62 is trading 64.2% below its estimated GF Value™ of $77.19.
GuruFocus considers Celsius Holdings to be Significantly Undervalued.
Key valuation signals for CELH:
Net-Net Working Capital: $-10.23
GF Value™: $77.19 vs. price of $27.62 (64.2% below fair value)
No single metric tells the full story. See the CELH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Celsius Holdings operates in the energy drink subsegment of the global nonalcoholic beverage market, with 95% of revenue concentrated in North America. It owns three energy drink brands: Celsius, Alani Nu, and Rockstar Energy. It focuses on product innovation and marketing while outsourcing manufacturing and packaging to third-party co-packers and distribution to PepsiCo. The firm issued convertible preferred shares following PepsiCo's investments in 2022 and 2025, giving the latter an 11% stake in Celsius.
68GF Score
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