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China Longyuan Power GroupCLPXY +8.98%68 Net-Net Working Capital is $-32.46 as of Mar. 2026. GuruFocus rates CLPXY with a GF Score™ of 68/100 and a GF Value™ of $6.05 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 63 Utilities - Independent Power Producers companies, China Longyuan Power Group ranks worse than 1587300% 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.
China Longyuan Power Group's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-32.46.
The industry rank for China Longyuan Power Group's Net-Net Working Capital or its related term are showing as below:
CLPXY's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 7.57 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
China Longyuan Power Group (OTCPK:CLPXY) 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.
China Longyuan Power Group Net-Net Working Capital Related Terms
China Longyuan Power Group Net-Net Working Capital Historical Data
* 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.
China Longyuan Power Group Net-Net Working Capital Chart
China Longyuan Power Group Net-Net Working Capital Competitor Comparison
For the Utilities - Renewable subindustry, China Longyuan Power Group'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.
China Longyuan Power Group Price-to-Net-Net-Working-Capital vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, China Longyuan Power Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where China Longyuan Power Group'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 $-32.46 mean?
China Longyuan Power Group (CLPXY) has a Net-Net Working Capital of $-32.46 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 China Longyuan Power Group According to the industry distribution chart, China Longyuan Power Group ranks #999999 out of 63 companies in the Utilities - Independent Power Producers industry.
Is China Longyuan Power Group's Net-Net Working Capital too high?
China Longyuan Power Group's current Net-Net Working Capital is $-32.46. Based on the distribution chart, China Longyuan Power Group ranks #999999 out of 63 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, China Longyuan Power Group has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does China Longyuan Power Group's Net-Net Working Capital compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, China Longyuan Power Group ranks #999999 out of 63 companies for Net-Net Working Capital. This places China Longyuan Power Group in the lower half of its industry. The industry median Net-Net Working Capital is 7.57. 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 Utilities - Independent Power Producers company?
The median Net-Net Working Capital among Utilities - Independent Power Producers companies is 7.57, based on 63 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 China Longyuan Power Group For the Utilities - Independent Power Producers industry, the median Net-Net Working Capital is 7.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Longyuan Power Group's current Net-Net Working Capital is $-32.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Longyuan Power Group stock overvalued right now?
Based on GuruFocus' analysis, China Longyuan Power Group (CLPXY) is currently considered Modestly Overvalued. The stock's GF Value™ is $6.05, compared to a current price of $7.28 — trading 20.3% above its estimated fair value. The current Net-Net Working Capital is $-32.46. China Longyuan Power Group's overall GF Score™ is 68/100 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 China Longyuan Power Group (CLPXY), the current Net-Net Working Capital is $-32.46 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 China Longyuan Power Group (CLPXY) Overvalued in 2026?
Based on GuruFocus' analysis, China Longyuan Power Group stock appears to be overvalued.
The current stock price of $7.28 is trading 20.3% above its estimated GF Value™ of $6.05.
GuruFocus considers China Longyuan Power Group to be Modestly Overvalued.
Key valuation signals for CLPXY:
Net-Net Working Capital: $-32.46
GF Value™: $6.05 vs. price of $7.28 (20.3% above fair value)
No single metric tells the full story. See the CLPXY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Longyuan is China's largest wind power operator, with consolidated installed wind capacity of 32.1 gigawatts as of end-2025. Its wind farms are widely distributed across China, and the company has also expanded overseas, including projects in Canada and South Africa. In addition to wind, Longyuan owns renewable assets in solar and tidal energy. Wind accounts for about 70% of consolidated installed capacity, with the remainder from solar and other renewables. China Energy Investment—formed through the merger of China Guodian Corporation and China Shenhua Group—is the controlling shareholder with a stake of about 58.7%.
68GF Score
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