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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.
The industry rank for Cloudberry Clean Energy ASA's Net-Net Working Capital or its related term are showing as below:
CHIX:CLOUDo's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 7.43 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Cloudberry Clean Energy ASA (CHIX:CLOUDo) 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.
Cloudberry Clean Energy ASA Net-Net Working Capital Related Terms
Cloudberry Clean Energy ASA Net-Net Working Capital Historical Data
* 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.
Cloudberry Clean Energy ASA Net-Net Working Capital Chart
Cloudberry Clean Energy ASA Net-Net Working Capital Competitor Comparison
For the Utilities - Renewable subindustry, Cloudberry Clean Energy ASA'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.
Cloudberry Clean Energy ASA Price-to-Net-Net-Working-Capital vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Cloudberry Clean Energy ASA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Cloudberry Clean Energy ASA'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 kr-12.09 mean?
Cloudberry Clean Energy ASA (CHIX:CLOUDO) has a Net-Net Working Capital of kr-12.09 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 Cloudberry Clean Energy ASA According to the industry distribution chart, Cloudberry Clean Energy ASA ranks #999999 out of 63 companies in the Utilities - Independent Power Producers industry.
Is Cloudberry Clean Energy ASA's Net-Net Working Capital too high?
Cloudberry Clean Energy ASA's current Net-Net Working Capital is kr-12.09. Based on the distribution chart, Cloudberry Clean Energy ASA ranks #999999 out of 63 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Cloudberry Clean Energy ASA has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Cloudberry Clean Energy ASA's Net-Net Working Capital compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Cloudberry Clean Energy ASA ranks #999999 out of 63 companies for Net-Net Working Capital. This places Cloudberry Clean Energy ASA in the lower half of its industry. The industry median Net-Net Working Capital is 7.43. 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 an Utilities - Independent Power Producers company?
The median Net-Net Working Capital among Utilities - Independent Power Producers companies is 7.43, based on 63 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 Cloudberry Clean Energy ASA For the Utilities - Independent Power Producers industry, the median Net-Net Working Capital is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cloudberry Clean Energy ASA's current Net-Net Working Capital is kr-12.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cloudberry Clean Energy ASA stock overvalued right now?
Cloudberry Clean Energy ASA (CHIX:CLOUDO) has a current Net-Net Working Capital of kr-12.09. The stock's GF Value™ is kr16.50, compared to a current price of kr11.92 — trading 27.8% below its estimated fair value. The current Net-Net Working Capital is kr-12.09. Cloudberry Clean Energy ASA's overall GF Score™ is 74/100 with 8 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 Cloudberry Clean Energy ASA (CHIX:CLOUDO), the current Net-Net Working Capital is kr-12.09 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.
Is Cloudberry Clean Energy ASA (CHIX:CLOUDO) Overvalued in 2026?
Based on GuruFocus' analysis, Cloudberry Clean Energy ASA stock appears to be undervalued.
The current stock price of kr11.92 is trading 27.8% below its estimated GF Value™ of kr16.50.
Key valuation signals for CHIX:CLOUDO:
Net-Net Working Capital: kr-12.09
GF Value™: kr16.50 vs. price of kr11.92 (27.8% below fair value)
No single metric tells the full story. See the CHIX:CLOUDO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cloudberry Clean Energy ASA is an independent power producer, developing, owning and operating renewable assets in the Nordics. The company is focused on developing, owning, and operating hydropower plants, wind farms, BESS and solar plants across Norway, Sweden, and Denmark. The company has four segments: Projects, Commercial, Asset Management and Corporate. The majority of revenue is derived from the Commercial segment, which owns and manages renewable power assets with long-term cash flows in the Nordics. Geographically, it generates the maximum revenue from Denmark, followed by Norway and Sweden.
74GF Score
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