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Fullshare HoldingsFLLHF 39 Net-Net Working Capital is $-4.68 as of Dec. 2025. GuruFocus rates FLLHF with a GF Score™ of 39/100 and a GF Value™ of $0.47. The stock has 3 warning signs investors should review. Among 1,360 Industrial Products companies, Fullshare Holdings ranks worse than 73529.34% 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.
Fullshare Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-4.68.
The industry rank for Fullshare Holdings's Net-Net Working Capital or its related term are showing as below:
FLLHF's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 7.71 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Fullshare Holdings (OTCPK:FLLHF) 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.
Fullshare Holdings Net-Net Working Capital Related Terms
Fullshare Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Fullshare Holdings'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.
FLLHF vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Fullshare 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.
Fullshare Holdings Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Fullshare Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Fullshare 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 $-4.68 mean?
Fullshare Holdings (FLLHF) has a Net-Net Working Capital of $-4.68 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 Fullshare Holdings According to the industry distribution chart, Fullshare Holdings ranks #999999 out of 1360 companies in the Industrial Products industry.
Is Fullshare Holdings' Net-Net Working Capital too high?
Fullshare Holdings' current Net-Net Working Capital is $-4.68. Based on the distribution chart, Fullshare Holdings ranks #999999 out of 1360 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Fullshare Holdings has a GF Score™ of 39/100, reflecting its overall financial health beyond just this single metric.
How does Fullshare Holdings' Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Fullshare Holdings ranks #999999 out of 1360 companies for Net-Net Working Capital. This places Fullshare Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 7.71. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.71, based on 1,360 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 Fullshare Holdings For the Industrial Products industry, the median Net-Net Working Capital is 7.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fullshare Holdings's current Net-Net Working Capital is $-4.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fullshare Holdings stock overvalued right now?
Fullshare Holdings (FLLHF) has a current Net-Net Working Capital of $-4.68. The stock's GF Value™ is $0.47, compared to a current price of $0.55 — trading 17% above its estimated fair value. The current Net-Net Working Capital is $-4.68. Fullshare Holdings' overall GF Score™ is 39/100 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 Fullshare Holdings (FLLHF), the current Net-Net Working Capital is $-4.68 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 Fullshare Holdings (FLLHF) Overvalued in 2026?
Based on GuruFocus' analysis, Fullshare Holdings stock appears to be overvalued.
The current stock price of $0.55 is trading 17% above its estimated GF Value™ of $0.47.
Key valuation signals for FLLHF:
Net-Net Working Capital: $-4.68
GF Value™: $0.47 vs. price of $0.55 (17% above fair value)
No single metric tells the full story. See the FLLHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fullshare Holdings Ltd is an investment holding company. The company operates through the following segments: properties; tourism; healthcare, education, and others; Investment and financial services; and New energy. The company derives the majority of its revenue from the new energy segment that involves the research, development, manufacture, and distribution of mechanical transmission equipment used in wind power and a wide range of industrial applications. Its geographical segments are China, the United States, Europe, Australia, and other countries. China accounts for the majority of the company's annual revenue.
39GF Score
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