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Ultimate ProductsCHIX:ULTPL 64 Net-Net Working Capital is £-0.26 as of Jan. 2026. GuruFocus rates CHIX:ULTPL with a GF Score™ of 64/100 and a GF Value™ of £1.12 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 176 Furnishings, Fixtures & Appliances companies, Ultimate Products ranks worse than 568181.25% on this metric.
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.
Ultimate Products's Net-Net Working Capital for the quarter that ended in Jan. 2026 was £-0.26.
The industry rank for Ultimate Products's Net-Net Working Capital or its related term are showing as below:
CHIX:ULTPl's Price-to-Net-Net-Working-Capital is not ranked *
in the Furnishings, Fixtures & Appliances industry.
Industry Median: 6.92 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Ultimate Products (CHIX:ULTPl) 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.
Ultimate Products Net-Net Working Capital Related Terms
Ultimate Products Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Ultimate Products'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:ULTPL vs SN, SGI, MHK: Net-Net Working Capital Comparison
For the Furnishings, Fixtures & Appliances subindustry, Ultimate Products'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.
Ultimate Products Price-to-Net-Net-Working-Capital vs Furnishings, Fixtures & Appliances Industry
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ultimate Products's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ultimate Products'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 £-0.26 mean?
Ultimate Products (CHIX:ULTPL) has a Net-Net Working Capital of £-0.26 as of Jan. 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 Ultimate Products According to the industry distribution chart, Ultimate Products ranks #999999 out of 176 companies in the Furnishings, Fixtures & Appliances industry.
Is Ultimate Products' Net-Net Working Capital too high?
Ultimate Products' current Net-Net Working Capital is £-0.26. Based on the distribution chart, Ultimate Products ranks #999999 out of 176 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Ultimate Products has a GF Score™ of 64/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ultimate Products' Net-Net Working Capital compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Ultimate Products ranks #999999 out of 176 companies for Net-Net Working Capital. This places Ultimate Products in the lower half of its industry. The industry median Net-Net Working Capital is 6.92. 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 Furnishings, Fixtures & Appliances company?
The median Net-Net Working Capital among Furnishings, Fixtures & Appliances companies is 6.92, based on 176 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 Ultimate Products For the Furnishings, Fixtures & Appliances industry, the median Net-Net Working Capital is 6.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultimate Products's current Net-Net Working Capital is £-0.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultimate Products stock overvalued right now?
Based on GuruFocus' analysis, Ultimate Products (CHIX:ULTPL) is currently considered Significantly Undervalued. The stock's GF Value™ is £1.12, compared to a current price of £0.48 — trading 57.5% below its estimated fair value. The current Net-Net Working Capital is £-0.26. Ultimate Products' overall GF Score™ is 64/100 with 6 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 Ultimate Products (CHIX:ULTPL), the current Net-Net Working Capital is £-0.26 as of Jan. 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 Ultimate Products (CHIX:ULTPL) Overvalued in 2026?
Based on GuruFocus' analysis, Ultimate Products stock appears to be undervalued.
The current stock price of £0.48 is trading 57.5% below its estimated GF Value™ of £1.12.
GuruFocus considers Ultimate Products to be Significantly Undervalued.
Key valuation signals for CHIX:ULTPL:
Net-Net Working Capital: £-0.26
GF Value™: £1.12 vs. price of £0.48 (57.5% below fair value)
No single metric tells the full story. See the CHIX:ULTPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ultimate Products PLC designs, develops and distributes homeware products across its key brands, including the household names Salter and Beldray. Its other brands include Progress, Kleenez, Petra, Maxim, Russell Hobbs, and Intempo among others. The company sells products across different categories, such as small domestic appliances, housewares, laundry, audio, and heating and cooling. Its products are sold to a broad cross-section of both large national and international multi-channel retailers as well as smaller national retail chains, incorporating discount retailers, supermarkets, general retailers, and online retailers. Geographically, the company derives its key revenue from the United Kingdom and the rest from Germany, Rest of Europe and the Rest of the world.
64GF 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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