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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.
WAG Payment Solutions's Net-Net Working Capital for the quarter that ended in Dec. 2025 was £-0.83.
The industry rank for WAG Payment Solutions's Net-Net Working Capital or its related term are showing as below:
CHIX:EWGl's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 6.97 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
WAG Payment Solutions (CHIX:EWGl) 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.
WAG Payment Solutions Net-Net Working Capital Related Terms
WAG Payment Solutions Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for WAG Payment Solutions'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.
WAG Payment Solutions Net-Net Working Capital Chart
CHIX:EWGL vs MSFT, ORCL, PLTR: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, WAG Payment Solutions'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.
WAG Payment Solutions Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, WAG Payment Solutions's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where WAG Payment Solutions'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 £-0.83 mean?
WAG Payment Solutions (CHIX:EWGL) has a Net-Net Working Capital of £-0.83 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 WAG Payment Solutions According to the industry distribution chart, WAG Payment Solutions ranks #999999 out of 1260 companies in the Software industry.
Is WAG Payment Solutions' Net-Net Working Capital too high?
WAG Payment Solutions' current Net-Net Working Capital is £-0.83. Based on the distribution chart, WAG Payment Solutions ranks #999999 out of 1260 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, WAG Payment Solutions has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does WAG Payment Solutions' Net-Net Working Capital compare to MSFT and ORCL?
According to the Software industry distribution chart, WAG Payment Solutions ranks #999999 out of 1260 companies for Net-Net Working Capital. This places WAG Payment Solutions in the lower half of its industry. The industry median Net-Net Working Capital is 6.97. 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 6.97, based on 1,260 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 WAG Payment Solutions For the Software industry, the median Net-Net Working Capital is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WAG Payment Solutions's current Net-Net Working Capital is £-0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WAG Payment Solutions stock overvalued right now?
Based on GuruFocus' analysis, WAG Payment Solutions (CHIX:EWGL) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.46, compared to a current price of £1.00 — trading 118.3% above its estimated fair value. The current Net-Net Working Capital is £-0.83. WAG Payment Solutions' overall GF Score™ is 62/100 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 WAG Payment Solutions (CHIX:EWGL), the current Net-Net Working Capital is £-0.83 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 WAG Payment Solutions (CHIX:EWGL) Overvalued in 2026?
Based on GuruFocus' analysis, WAG Payment Solutions stock appears to be overvalued.
The current stock price of £1.00 is trading 118.3% above its estimated GF Value™ of £0.46.
GuruFocus considers WAG Payment Solutions to be Significantly Overvalued.
Key valuation signals for CHIX:EWGL:
Net-Net Working Capital: £-0.83
GF Value™: £0.46 vs. price of £1.00 (118.3% above fair value)
No single metric tells the full story. See the CHIX:EWGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
WAG Payment Solutions PLC operates as a pan-European payments and mobility platform focused on the commercial road transport sector. Its offerings include payment solutions and services designed to support operations in the transport industry. The company is organised into two operating segments: Payment solutions and Mobility solutions. Payment solutions represent the company's revenues, which are based on recurring and frequent transactional payments. The segment includes Energy and Toll payments. Mobility solutions represent a number of services, which are either subscription based or subsequently sold to customers using Payment solutions products. The majority of revenue is derived from the Payment solutions segment. Geographically, it generates the maximum revenue from Poland.
62GF Score
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