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.
Netcompany Group AS's Net-Net Working Capital for the quarter that ended in Mar. 2026 was kr-125.48.
The industry rank for Netcompany Group AS's Net-Net Working Capital or its related term are showing as below:
CHIX:NETCc's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 6.83 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Netcompany Group AS (CHIX:NETCc) 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.
Netcompany Group AS Net-Net Working Capital Related Terms
Netcompany Group AS Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Netcompany Group AS'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.
CHIX:NETCC vs IBM, ACN, FISV: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, Netcompany Group AS'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.
Netcompany Group AS Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Netcompany Group AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Netcompany Group AS'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-125.48 mean?
Netcompany Group AS (CHIX:NETCC) has a Net-Net Working Capital of kr-125.48 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 Netcompany Group AS According to the industry distribution chart, Netcompany Group AS ranks #999999 out of 1256 companies in the Software industry.
Is Netcompany Group AS's Net-Net Working Capital too high?
Netcompany Group AS's current Net-Net Working Capital is kr-125.48. Based on the distribution chart, Netcompany Group AS ranks #999999 out of 1256 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Netcompany Group AS has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Netcompany Group AS's Net-Net Working Capital compare to IBM and ACN?
According to the Software industry distribution chart, Netcompany Group AS ranks #999999 out of 1256 companies for Net-Net Working Capital. This places Netcompany Group AS in the lower half of its industry. The industry median Net-Net Working Capital is 6.83. 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 6.83, based on 1,256 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 Netcompany Group AS For the Software industry, the median Net-Net Working Capital is 6.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netcompany Group AS's current Net-Net Working Capital is kr-125.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netcompany Group AS stock overvalued right now?
Based on GuruFocus' analysis, Netcompany Group AS (CHIX:NETCC) is currently considered Significantly Undervalued. The stock's GF Value™ is kr430.18, compared to a current price of kr301.80 — trading 29.8% below its estimated fair value. The current Net-Net Working Capital is kr-125.48. Netcompany Group AS's overall GF Score™ is 91/100 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 Netcompany Group AS (CHIX:NETCC), the current Net-Net Working Capital is kr-125.48 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 Netcompany Group AS (CHIX:NETCC) Overvalued in 2026?
Based on GuruFocus' analysis, Netcompany Group AS stock appears to be undervalued.
The current stock price of kr301.80 is trading 29.8% below its estimated GF Value™ of kr430.18.
GuruFocus considers Netcompany Group AS to be Significantly Undervalued.
Key valuation signals for CHIX:NETCC:
Net-Net Working Capital: kr-125.48
GF Value™: kr430.18 vs. price of kr301.80 (29.8% below fair value)
No single metric tells the full story. See the CHIX:NETCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Netcompany Group AS is an information technology services company. The company is engaged in delivering business-critical IT solutions to large Public and Private sector customers and supporting them in their digital transformation journeys. Its offerings include software solutions and digital platforms such as Pulse, Easley AI and Solon Tax among others. The company's business segments are Denmark, SEE & EUI, the United Kingdom, Norway, the Netherlands and Banking Services. It generates the majority of revenue from the Denmark segment.
91GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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