EKNPF (Ekinops) Net-Net Working Capital: $-1.49 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

EKNPF Ekinops SA EKNPF
52 GF Score
Price $3.35
GF Value $3.97
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Ekinops Net-Net Working Capital?

Ekinops EKNPF 52 Net-Net Working Capital is $-1.49 as of Jun. 2026. GuruFocus rates EKNPF with a GF Score™ of 52/100 and a GF Value™ of $3.97 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,192 Hardware companies, Ekinops ranks worse than 83892.53% 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.

Ekinops's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $-1.49.

The industry rank for Ekinops's Net-Net Working Capital or its related term are showing as below:

EKNPF's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 9.25
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Ekinops  (OTCPK:EKNPF) 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.


Ekinops Net-Net Working Capital Related Terms


Ekinops Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Ekinops'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.

Ekinops Net-Net Working Capital Chart

Ekinops Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.21 0.38 0.09 -1.23

Ekinops Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.03 0.09 -0.90 -1.23 -1.49

EKNPF vs CSCO, MSI, HPE: Net-Net Working Capital Comparison

For the Communication Equipment subindustry, Ekinops'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.


Ekinops Price-to-Net-Net-Working-Capital vs Hardware Industry

For the Hardware industry and Technology sector, Ekinops's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Ekinops's Price-to-Net-Net-Working-Capital falls into.


EKNPF
52GF Score
Ekinops SA EKNPF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ekinops Net-Net Working Capital Calculation

Ekinops's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(37.618+0.75 * 27.3+0.5 * 24.323-103.533
-0-0)/27.005
=-1.23

Ekinops's Net-Net Working Capital (NNWC) per share for the quarter that ended in Jun. 2026 is calculated as

Net-Net Working Capital(Q: Jun. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(26.475+0.75 * 31.644+0.5 * 20.505-100.741
-0-0)/27.005
=-1.49

* 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 $-1.49 mean?
Ekinops (EKNPF) has a Net-Net Working Capital of $-1.49 as of Jun. 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 Ekinops According to the industry distribution chart, Ekinops ranks #999999 out of 1192 companies in the Hardware industry.
Is Ekinops' Net-Net Working Capital too high?
Ekinops' current Net-Net Working Capital is $-1.49. Based on the distribution chart, Ekinops ranks #999999 out of 1192 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Ekinops has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ekinops' Net-Net Working Capital compare to CSCO and MSI?
According to the Hardware industry distribution chart, Ekinops ranks #999999 out of 1192 companies for Net-Net Working Capital. This places Ekinops in the lower half of its industry. The industry median Net-Net Working Capital is 9.25. 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 9.25, based on 1,192 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 Ekinops For the Hardware industry, the median Net-Net Working Capital is 9.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ekinops's current Net-Net Working Capital is $-1.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ekinops stock overvalued right now?
Based on GuruFocus' analysis, Ekinops (EKNPF) is currently considered Modestly Undervalued. The stock's GF Value™ is $3.97, compared to a current price of $3.35 — trading 15.6% below its estimated fair value. The current Net-Net Working Capital is $-1.49. Ekinops' overall GF Score™ is 52/100 with 5 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 Ekinops (EKNPF), the current Net-Net Working Capital is $-1.49 as of Jun. 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 Ekinops (EKNPF) Overvalued in 2026?

Based on GuruFocus' analysis, Ekinops stock appears to be undervalued. The current stock price of $3.35 is trading 15.6% below its estimated GF Value™ of $3.97. GuruFocus considers Ekinops to be Modestly Undervalued.

Key valuation signals for EKNPF:

  • Net-Net Working Capital: $-1.49
  • GF Value™: $3.97 vs. price of $3.35 (15.6% below fair value)
  • GF Score™: 52/100 with 5 warning signs

No single metric tells the full story. See the EKNPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ekinops Business Description

Address 3 Rue Blaise Pascal, Lannion, FRA, 22300
Ekinops SA is a provider of open and interoperable telecommunications solutions for service providers, including telecommunications operators and businesses. Its offerings support the deployment of optical transport, broadband, high-speed data, and enterprise network services, including solutions designed for network virtualization. Its portfolio includes the Ekinops 360 platform for metropolitan, regional, and long-distance optical transport networks using WDM technology, the OneAccess portfolio providing physical and virtualized Layer 2 and Layer 3 connectivity solutions, and the Compose portfolio, which includes software and management tools for software-defined networking, SD-WAN, edge-to-cloud infrastructure, and secure service edge (SSE) solutions.
52GF Score

Get the complete analysis for EKNPF

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.35
Price
$3.97
GF Value