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Connect Biopharma HoldingsCNTB -2.48%7 Net-Net Working Capital is $0.46 as of Mar. 2026. GuruFocus rates CNTB with a GF Score™ of 7/100. The stock has 3 warning signs investors should review. Among 856 Biotechnology companies, Connect Biopharma Holdings ranks better than 54.91% 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.
The industry rank for Connect Biopharma Holdings's Net-Net Working Capital or its related term are showing as below:
CNTB's Price-to-Net-Net-Working-Capital is ranked better than 54.91% of 856
companies
in the Biotechnology industry
Industry Median: 5.065
vs CNTB: 4.28
Connect Biopharma Holdings (NAS:CNTB) 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.
Connect Biopharma Holdings Net-Net Working Capital Related Terms
Connect Biopharma Holdings 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.
Connect Biopharma Holdings Net-Net Working Capital Chart
CNTB vs CUE, HURA, CDXS: Net-Net Working Capital Comparison
For the Biotechnology subindustry, Connect Biopharma Holdings'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.
Connect Biopharma Holdings Price-to-Net-Net-Working-Capital vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Connect Biopharma Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Connect Biopharma Holdings'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 $0.46 mean?
Connect Biopharma Holdings (CNTB) has a Net-Net Working Capital of $0.46 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 Connect Biopharma Holdings According to the industry distribution chart, Connect Biopharma Holdings ranks #386 out of 856 companies in the Biotechnology industry, placing it in the top 45.1%.
Is Connect Biopharma Holdings' Net-Net Working Capital too high?
Connect Biopharma Holdings' current Net-Net Working Capital is $0.46. The Biotechnology industry median Net-Net Working Capital is 5.07. Connect Biopharma Holdings' value of $0.46 is 90.9% below this industry median. Based on the distribution chart, Connect Biopharma Holdings ranks #386 out of 856 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Connect Biopharma Holdings has a GF Score™ of 7/100, reflecting its overall financial health beyond just this single metric.
How does Connect Biopharma Holdings' Net-Net Working Capital compare to CUE and HURA?
According to the Biotechnology industry distribution chart, Connect Biopharma Holdings ranks #386 out of 856 companies for Net-Net Working Capital. This puts Connect Biopharma Holdings in the upper half of its industry. The industry median Net-Net Working Capital is 5.07. Connect Biopharma Holdings' value of $0.46 is 90.9% 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 a Biotechnology company?
The median Net-Net Working Capital among Biotechnology companies is 5.07, based on 856 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. Connect Biopharma Holdings's current Net-Net Working Capital of $0.46 is 90.9% 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 Connect Biopharma Holdings For the Biotechnology industry, the median Net-Net Working Capital is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Connect Biopharma Holdings's current Net-Net Working Capital is $0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Connect Biopharma Holdings stock overvalued right now?
Connect Biopharma Holdings (CNTB) has a current Net-Net Working Capital of $0.46. The current Net-Net Working Capital is $0.46 and 90.9% below the Biotechnology industry median of 5.07. Connect Biopharma Holdings' overall GF Score™ is 7/100 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 Connect Biopharma Holdings (CNTB), the current Net-Net Working Capital is $0.46 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.
Connect Biopharma Holdings Ltd is a clinical-stage biopharmaceutical company dedicated to transforming care for asthma and chronic obstructive pulmonary disease (COPD). The company is advancing rademikibart, a next-generation antibody designed to target interleukin-4-receptor alpha. It is currently conducting clinical studies of rademikibart for the treatment of acute exacerbations of asthma and COPD. The company operates in one operating segment: treatment of respiratory diseases.
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