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ElectromedELMD +1.14%90 Net-Net Working Capital is $3.56 as of Mar. 2026. GuruFocus rates ELMD with a GF Score™ of 90/100 and a GF Value™ of $25.49 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 420 Medical Devices & Instruments companies, Electromed ranks worse than 66.67% 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.
Electromed's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $3.56.
The industry rank for Electromed's Net-Net Working Capital or its related term are showing as below:
ELMD's Price-to-Net-Net-Working-Capital is ranked worse than 66.67% of 420
companies
in the Medical Devices & Instruments industry
Industry Median: 6.595
vs ELMD: 11.44
Electromed (AMEX:ELMD) 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.
Electromed Net-Net Working Capital Related Terms
Electromed Net-Net Working Capital Historical Data
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The historical data trend for Electromed'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.
ELMD vs LAB, CV, CATX: Net-Net Working Capital Comparison
For the Medical Devices subindustry, Electromed'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.
Electromed Price-to-Net-Net-Working-Capital vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Electromed's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Electromed'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 $3.56 mean?
Electromed (ELMD) has a Net-Net Working Capital of $3.56 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 Electromed According to the industry distribution chart, Electromed ranks #280 out of 420 companies in the Medical Devices & Instruments industry, placing it in the top 66.7%.
Is Electromed's Net-Net Working Capital too high?
Electromed's current Net-Net Working Capital is $3.56. The Medical Devices & Instruments industry median Net-Net Working Capital is 6.60. Electromed's value of $3.56 is 46% below this industry median. Based on the distribution chart, Electromed ranks #280 out of 420 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Electromed has a GF Score™ of 90/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Electromed's Net-Net Working Capital compare to LAB and CV?
According to the Medical Devices & Instruments industry distribution chart, Electromed ranks #280 out of 420 companies for Net-Net Working Capital. This places Electromed in the lower half of its industry. The industry median Net-Net Working Capital is 6.60. Electromed's value of $3.56 is 46% 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 Medical Devices & Instruments company?
The median Net-Net Working Capital among Medical Devices & Instruments companies is 6.60, based on 420 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. Electromed's current Net-Net Working Capital of $3.56 is 46% 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 Electromed For the Medical Devices & Instruments industry, the median Net-Net Working Capital is 6.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Electromed's current Net-Net Working Capital is $3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Electromed stock overvalued right now?
Based on GuruFocus' analysis, Electromed (ELMD) is currently considered Significantly Overvalued. The stock's GF Value™ is $25.49, compared to a current price of $40.73 — trading 59.8% above its estimated fair value. The current Net-Net Working Capital is $3.56 and 46% below the Medical Devices & Instruments industry median of 6.60. Electromed's overall GF Score™ is 90/100 with 1 warning sign 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 Electromed (ELMD), the current Net-Net Working Capital is $3.56 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 Electromed (ELMD) Overvalued in 2026?
Based on GuruFocus' analysis, Electromed stock appears to be overvalued.
The current stock price of $40.73 is trading 59.8% above its estimated GF Value™ of $25.49.
GuruFocus considers Electromed to be Significantly Overvalued.
Key valuation signals for ELMD:
Net-Net Working Capital: $3.56
GF Value™: $25.49 vs. price of $40.73 (59.8% above fair value)
Industry Position: 46% below the Medical Devices & Instruments median (#280 of 420)
No single metric tells the full story. See the ELMD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Electromed Inc is a United States-based company that develops, manufactures, markets, and sells products that provide airway clearance therapy, including the SmartVest Airway Clearance System and related products, to patients with compromised pulmonary function with a commitment to excellence and compassionate service. The SmartVest System features a programmable air pulse generator, a therapy garment worn over the upper body and a connecting hose, which together provide safe, comfortable, and effective airway clearance therapy.
90GF Score
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