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 China Communications Services's Net-Net Working Capital or its related term are showing as below:
CUCSF's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 7.3 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
China Communications Services (OTCPK:CUCSF) 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 Communications Services Net-Net Working Capital Related Terms
China Communications Services 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 Communications Services Net-Net Working Capital Chart
CUCSF vs TMUS, VZ, T: Net-Net Working Capital Comparison
For the Telecom Services subindustry, China Communications Services'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 Communications Services Price-to-Net-Net-Working-Capital vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, China Communications Services's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where China Communications Services'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 $-1.06 mean?
China Communications Services (CUCSF) has a Net-Net Working Capital of $-1.06 as of Dec. 2025. 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 Communications Services According to the industry distribution chart, China Communications Services ranks #999999 out of 56 companies in the Telecommunication Services industry.
Is China Communications Services' Net-Net Working Capital too high?
China Communications Services' current Net-Net Working Capital is $-1.06. Based on the distribution chart, China Communications Services ranks #999999 out of 56 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, China Communications Services has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does China Communications Services' Net-Net Working Capital compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, China Communications Services ranks #999999 out of 56 companies for Net-Net Working Capital. This places China Communications Services in the lower half of its industry. The industry median Net-Net Working Capital is 7.30. 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 Telecommunication Services company?
The median Net-Net Working Capital among Telecommunication Services companies is 7.30, based on 56 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 Communications Services For the Telecommunication Services industry, the median Net-Net Working Capital is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Communications Services's current Net-Net Working Capital is $-1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Communications Services stock overvalued right now?
China Communications Services (CUCSF) has a current Net-Net Working Capital of $-1.06. The stock's GF Value™ is $0.60, compared to a current price of $0.54 — trading 10% below its estimated fair value. The current Net-Net Working Capital is $-1.06. China Communications Services' overall GF Score™ is 88/100 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 China Communications Services (CUCSF), the current Net-Net Working Capital is $-1.06 as of Dec. 2025. 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 Communications Services (CUCSF) Overvalued in 2026?
Based on GuruFocus' analysis, China Communications Services stock appears to be undervalued.
The current stock price of $0.54 is trading 10% below its estimated GF Value™ of $0.60.
Key valuation signals for CUCSF:
Net-Net Working Capital: $-1.06
GF Value™: $0.60 vs. price of $0.54 (10% below fair value)
No single metric tells the full story. See the CUCSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
China Communications Services Business Description
China Communications Services Corp Ltd is a primary service provider in the People's Republic of China that provides integrated comprehensive smart solutions in the field of digital intelligence. The group offers telecommunications infrastructure services, including design, construction and project supervision and management; business process outsourcing services, including management of infrastructure for information technology, general facilities management, supply chain and products distribution; and applications, content and other services, including system integration, software development and system support, and value-added services. It has one operating segment, which is the provision of integrated comprehensive smart solutions in the field of informatisation and digitalisation.
88GF Score
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