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.
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.
Kobenhavns Lufthavne's Net-Net Working Capital for the quarter that ended in Mar. 2026 was kr-1,547.53.
The industry rank for Kobenhavns Lufthavne's Net-Net Working Capital or its related term are showing as below:
CHIX:KBHLc's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 5.92 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Kobenhavns Lufthavne (CHIX:KBHLc) 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.
Kobenhavns Lufthavne Net-Net Working Capital Related Terms
Kobenhavns Lufthavne Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Kobenhavns Lufthavne'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.
Kobenhavns Lufthavne Net-Net Working Capital Chart
CHIX:KBHLC vs JOBY, CAAP: Net-Net Working Capital Comparison
For the Airports & Air Services subindustry, Kobenhavns Lufthavne'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.
Kobenhavns Lufthavne Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Kobenhavns Lufthavne's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Kobenhavns Lufthavne'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-1,547.53 mean?
Kobenhavns Lufthavne (CHIX:KBHLC) has a Net-Net Working Capital of kr-1,547.53 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 Kobenhavns Lufthavne According to the industry distribution chart, Kobenhavns Lufthavne ranks #999999 out of 219 companies in the Transportation industry.
Is Kobenhavns Lufthavne's Net-Net Working Capital too high?
Kobenhavns Lufthavne's current Net-Net Working Capital is kr-1,547.53. Based on the distribution chart, Kobenhavns Lufthavne ranks #999999 out of 219 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Kobenhavns Lufthavne has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Kobenhavns Lufthavne's Net-Net Working Capital compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Kobenhavns Lufthavne ranks #999999 out of 219 companies for Net-Net Working Capital. This places Kobenhavns Lufthavne in the lower half of its industry. The industry median Net-Net Working Capital is 5.92. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 5.92, based on 219 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 Kobenhavns Lufthavne For the Transportation industry, the median Net-Net Working Capital is 5.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kobenhavns Lufthavne's current Net-Net Working Capital is kr-1,547.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kobenhavns Lufthavne stock overvalued right now?
Kobenhavns Lufthavne (CHIX:KBHLC) has a current Net-Net Working Capital of kr-1,547.53. The stock's GF Value™ is kr9,100.67, compared to a current price of kr6,880.00 — trading 24.4% below its estimated fair value. The current Net-Net Working Capital is kr-1,547.53. Kobenhavns Lufthavne's overall GF Score™ is 78/100 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 Kobenhavns Lufthavne (CHIX:KBHLC), the current Net-Net Working Capital is kr-1,547.53 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 Kobenhavns Lufthavne (CHIX:KBHLC) Overvalued in 2026?
Based on GuruFocus' analysis, Kobenhavns Lufthavne stock appears to be undervalued.
The current stock price of kr6,880.00 is trading 24.4% below its estimated GF Value™ of kr9,100.67.
Key valuation signals for CHIX:KBHLC:
Net-Net Working Capital: kr-1,547.53
GF Value™: kr9,100.67 vs. price of kr6,880.00 (24.4% below fair value)
No single metric tells the full story. See the CHIX:KBHLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kobenhavns Lufthavne owns and operates Airports in Denmark. The company manages the infrastructure, buildings, and other services in the Kastrup and Roskilde airports. Copenhagen Airports divides its activities into two areas; Aeronautical and Non-aeronautical. Its majority of revenues are derived from the Aeronautical segment which comprises the operations and functions that the airports at Kastrup and Roskilde make available so that airlines can operate their flights, including facilities required for passengers to pass through these airports. The Non-aeronautical segment comprises the other facilities and services provided at the airports for passengers and others, including car-parking facilities, shops, restaurants, rest areas, lounges, and hotels.
78GF Score
Get the complete analysis for CHIX:KBHLC
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
CHIX:KBHLC has been successfully added to your 
