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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.
ClearSign Technologies's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $1.04.
The industry rank for ClearSign Technologies's Net-Net Working Capital or its related term are showing as below:
CLIR's Price-to-Net-Net-Working-Capital is ranked better than 79.12% of 1360
companies
in the Industrial Products industry
Industry Median: 7.78
vs CLIR: 3.24
ClearSign Technologies (NAS:CLIR) 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.
ClearSign Technologies Net-Net Working Capital Related Terms
ClearSign Technologies Net-Net Working Capital Historical Data
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The historical data trend for ClearSign Technologies'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.
ClearSign Technologies Net-Net Working Capital Chart
CLIR vs RAIN, TOMZ, LIQT: Net-Net Working Capital Comparison
For the Pollution & Treatment Controls subindustry, ClearSign Technologies'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.
ClearSign Technologies Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, ClearSign Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ClearSign Technologies'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 $1.04 mean?
ClearSign Technologies (CLIR) has a Net-Net Working Capital of $1.04 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 ClearSign Technologies According to the industry distribution chart, ClearSign Technologies ranks #284 out of 1360 companies in the Industrial Products industry, placing it in the top 20.9%.
Is ClearSign Technologies' Net-Net Working Capital too high?
ClearSign Technologies' current Net-Net Working Capital is $1.04. The Industrial Products industry median Net-Net Working Capital is 7.78. ClearSign Technologies' value of $1.04 is 86.6% below this industry median. Based on the distribution chart, ClearSign Technologies ranks #284 out of 1360 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, ClearSign Technologies has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does ClearSign Technologies' Net-Net Working Capital compare to RAIN and TOMZ?
According to the Industrial Products industry distribution chart, ClearSign Technologies ranks #284 out of 1360 companies for Net-Net Working Capital. This places ClearSign Technologies in the top 21% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.78. ClearSign Technologies' value of $1.04 is 86.6% below this benchmark. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.78, based on 1,360 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. ClearSign Technologies's current Net-Net Working Capital of $1.04 is 86.6% below the industry median. 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 ClearSign Technologies For the Industrial Products industry, the median Net-Net Working Capital is 7.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ClearSign Technologies's current Net-Net Working Capital is $1.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ClearSign Technologies stock overvalued right now?
Based on GuruFocus' analysis, ClearSign Technologies (CLIR) is currently considered Possible Value Trap. The stock's GF Value™ is $93.72, compared to a current price of $3.37 — trading 96.4% below its estimated fair value. The current Net-Net Working Capital is $1.04 and 86.6% below the Industrial Products industry median of 7.78. ClearSign Technologies' overall GF Score™ is 40/100 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 ClearSign Technologies (CLIR), the current Net-Net Working Capital is $1.04 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 ClearSign Technologies (CLIR) Overvalued in 2026?
Based on GuruFocus' analysis, ClearSign Technologies stock appears to be undervalued.
The current stock price of $3.37 is trading 96.4% below its estimated GF Value™ of $93.72.
GuruFocus considers ClearSign Technologies to be Possible Value Trap.
Key valuation signals for CLIR:
Net-Net Working Capital: $1.04
GF Value™: $93.72 vs. price of $3.37 (96.4% below fair value)
Industry Position: 86.6% below the Industrial Products median (#284 of 1360)
No single metric tells the full story. See the CLIR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ClearSign Technologies Corp is engaged in designing and develop technologies for the purpose of decarbonization and improving key performance characteristics of industrial and commercial combustion systems, including emission and operational performance, energy efficiency and overall cost-effectiveness. Its ClearSign Core technology has been proved to be in full scale industrial test furnaces and boilers and first customer installations are currently operating in normal commercial applications The company offers products that include process burners, boiler burners, flares, and ClearSign Eye. The company operates in one segment: Combustion segment. The products of the company include: Process Burners, Midstream and Power, Flares, Boiler Burners, and Sensing Technology.
40GF Score
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