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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.
Elmos Semiconductor SE's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €7.08.
The industry rank for Elmos Semiconductor SE's Net-Net Working Capital or its related term are showing as below:
CHIX:ELGd's Price-to-Net-Net-Working-Capital is ranked worse than 70.76% of 537
companies
in the Semiconductors industry
Industry Median: 12.13
vs CHIX:ELGd: 22.64
Elmos Semiconductor SE (CHIX:ELGd) 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.
Elmos Semiconductor SE Net-Net Working Capital Related Terms
Elmos Semiconductor SE Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Elmos Semiconductor SE'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.
Elmos Semiconductor SE Net-Net Working Capital Chart
CHIX:ELGD vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Elmos Semiconductor SE'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.
Elmos Semiconductor SE Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Elmos Semiconductor SE's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Elmos Semiconductor SE'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 €7.08 mean?
Elmos Semiconductor SE (CHIX:ELGD) has a Net-Net Working Capital of €7.08 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 Elmos Semiconductor SE According to the industry distribution chart, Elmos Semiconductor SE ranks #380 out of 537 companies in the Semiconductors industry, placing it in the top 70.8%.
Is Elmos Semiconductor SE's Net-Net Working Capital too high?
Elmos Semiconductor SE's current Net-Net Working Capital is €7.08. Based on the distribution chart, Elmos Semiconductor SE ranks #380 out of 537 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Elmos Semiconductor SE has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elmos Semiconductor SE's Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Elmos Semiconductor SE ranks #380 out of 537 companies for Net-Net Working Capital. This places Elmos Semiconductor SE in the lower half of its industry. The industry median Net-Net Working Capital is 12.13. 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 12.13, based on 537 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 Elmos Semiconductor SE For the Semiconductors industry, the median Net-Net Working Capital is 12.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elmos Semiconductor SE's current Net-Net Working Capital is €7.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elmos Semiconductor SE stock overvalued right now?
Based on GuruFocus' analysis, Elmos Semiconductor SE (CHIX:ELGD) is currently considered Significantly Overvalued. The stock's GF Value™ is €83.50, compared to a current price of €156.00 — trading 86.8% above its estimated fair value. The current Net-Net Working Capital is €7.08. Elmos Semiconductor SE's overall GF Score™ is 85/100 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 Elmos Semiconductor SE (CHIX:ELGD), the current Net-Net Working Capital is €7.08 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 Elmos Semiconductor SE (CHIX:ELGD) Overvalued in 2026?
Based on GuruFocus' analysis, Elmos Semiconductor SE stock appears to be overvalued.
The current stock price of €156.00 is trading 86.8% above its estimated GF Value™ of €83.50.
GuruFocus considers Elmos Semiconductor SE to be Significantly Overvalued.
Key valuation signals for CHIX:ELGD:
Net-Net Working Capital: €7.08
GF Value™: €83.50 vs. price of €156.00 (86.8% above fair value)
No single metric tells the full story. See the CHIX:ELGD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elmos Semiconductor SE is a company engaged in the technology sector. It caters to the semiconductor industry with the supply of integrated, application-specific microelectronic circuits, optical sensors, and voltage supply components. The semiconductor business is the only business segment of the group. The company's products consist of Engine Control ICs, Sensor ICs, Power management ICs, Interface ICs and Special Projects. Geographically the company generates revenue from Germany, Other EU Countries, America, Asia/Pacific, and Other Countries, where the majority is generated from Asia/Pacific.
85GF Score
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