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Enablence TechnologiesENAFF 14 Net-Net Working Capital is $-3.40 as of Mar. 2026. GuruFocus rates ENAFF with a GF Score™ of 14/100 and a GF Value™ of $2.00 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,205 Hardware companies, Enablence Technologies ranks worse than 82987.47% 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.
Enablence Technologies's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-3.40.
The industry rank for Enablence Technologies's Net-Net Working Capital or its related term are showing as below:
ENAFF's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 8.24 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Enablence Technologies (OTCPK:ENAFF) 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.
Enablence Technologies Net-Net Working Capital Related Terms
Enablence Technologies Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Enablence Technologies'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.
Enablence Technologies Net-Net Working Capital Chart
ENAFF vs CSCO, MSI, HPE: Net-Net Working Capital Comparison
For the Communication Equipment subindustry, Enablence Technologies'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.
Enablence Technologies Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Enablence Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Enablence Technologies'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 $-3.40 mean?
Enablence Technologies (ENAFF) has a Net-Net Working Capital of $-3.40 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 Enablence Technologies According to the industry distribution chart, Enablence Technologies ranks #999999 out of 1205 companies in the Hardware industry.
Is Enablence Technologies' Net-Net Working Capital too high?
Enablence Technologies' current Net-Net Working Capital is $-3.40. Based on the distribution chart, Enablence Technologies ranks #999999 out of 1205 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Enablence Technologies has a GF Score™ of 14/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Enablence Technologies' Net-Net Working Capital compare to CSCO and MSI?
According to the Hardware industry distribution chart, Enablence Technologies ranks #999999 out of 1205 companies for Net-Net Working Capital. This places Enablence Technologies in the lower half of its industry. The industry median Net-Net Working Capital is 8.24. 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 8.24, based on 1,205 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 Enablence Technologies For the Hardware industry, the median Net-Net Working Capital is 8.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Enablence Technologies's current Net-Net Working Capital is $-3.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Enablence Technologies stock overvalued right now?
Based on GuruFocus' analysis, Enablence Technologies (ENAFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.00, compared to a current price of $4.00 — trading 100% above its estimated fair value. The current Net-Net Working Capital is $-3.40. Enablence Technologies' overall GF Score™ is 14/100 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 Enablence Technologies (ENAFF), the current Net-Net Working Capital is $-3.40 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 Enablence Technologies (ENAFF) Overvalued in 2026?
Based on GuruFocus' analysis, Enablence Technologies stock appears to be overvalued.
The current stock price of $4.00 is trading 100% above its estimated GF Value™ of $2.00.
GuruFocus considers Enablence Technologies to be Significantly Overvalued.
Key valuation signals for ENAFF:
Net-Net Working Capital: $-3.40
GF Value™: $2.00 vs. price of $4.00 (100% above fair value)
No single metric tells the full story. See the ENAFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Enablence Technologies Inc is a company operating in an integrated optical products business. The company designs manufacture and sells optical components, in the form of planar lightwave circuits on silicon-based chips. Its products are offered in telecommunications, aerospace, and bio-chemical sensing industries. Enablence products serve a world-wide customer base, focused on data centres end markets in which Enablence works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR and virtual and augmented reality headset.
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