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Flow TradersFLTLF +0.29%51 Net-Net Working Capital is $-405.00 as of Dec. 2025. GuruFocus rates FLTLF with a GF Score™ of 51/100 and a GF Value™ of $28.59 (Fairly Valued). The stock has 3 warning signs investors should review. Among 285 Capital Markets companies, Flow Traders ranks worse than 350876.84% 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.
Flow Traders's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-405.00.
The industry rank for Flow Traders's Net-Net Working Capital or its related term are showing as below:
FLTLF's Price-to-Net-Net-Working-Capital is not ranked *
in the Capital Markets industry.
Industry Median: 4.62 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Flow Traders (OTCPK:FLTLF) 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.
Flow Traders Net-Net Working Capital Related Terms
Flow Traders Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Flow Traders'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.
FLTLF vs MS, GS, SCHW: Net-Net Working Capital Comparison
For the Capital Markets subindustry, Flow Traders'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.
Flow Traders Price-to-Net-Net-Working-Capital vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Flow Traders's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Flow Traders'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 $-405.00 mean?
Flow Traders (FLTLF) has a Net-Net Working Capital of $-405.00 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 Flow Traders According to the industry distribution chart, Flow Traders ranks #999999 out of 285 companies in the Capital Markets industry.
Is Flow Traders' Net-Net Working Capital too high?
Flow Traders' current Net-Net Working Capital is $-405.00. Based on the distribution chart, Flow Traders ranks #999999 out of 285 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Flow Traders has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Flow Traders' Net-Net Working Capital compare to MS and GS?
According to the Capital Markets industry distribution chart, Flow Traders ranks #999999 out of 285 companies for Net-Net Working Capital. This places Flow Traders in the lower half of its industry. The industry median Net-Net Working Capital is 4.62. 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 Capital Markets company?
The median Net-Net Working Capital among Capital Markets companies is 4.62, based on 285 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 Flow Traders For the Capital Markets industry, the median Net-Net Working Capital is 4.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flow Traders's current Net-Net Working Capital is $-405.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flow Traders stock overvalued right now?
Based on GuruFocus' analysis, Flow Traders (FLTLF) is currently considered Fairly Valued. The stock's GF Value™ is $28.59, compared to a current price of $29.65 — trading 3.7% above its estimated fair value. The current Net-Net Working Capital is $-405.00. Flow Traders' overall GF Score™ is 51/100 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 Flow Traders (FLTLF), the current Net-Net Working Capital is $-405.00 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 Flow Traders (FLTLF) Overvalued in 2026?
Based on GuruFocus' analysis, Flow Traders stock appears to be overvalued.
The current stock price of $29.65 is trading 3.7% above its estimated GF Value™ of $28.59.
GuruFocus considers Flow Traders to be Fairly Valued.
Key valuation signals for FLTLF:
Net-Net Working Capital: $-405.00
GF Value™: $28.59 vs. price of $29.65 (3.7% above fair value)
No single metric tells the full story. See the FLTLF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flow Traders Ltd is a financial technology company operating in the financial markets, using its proprietary technology platform to provide liquidity by quoting bid and ask prices in financial products. It ensures the provision of liquidity to support the uninterrupted functioning of financial markets. The company's core trading focus is on exchange-traded products (ETPs), enabling investors to buy and sell ETPs by quoting bid and ask prices under virtually all market circumstances and also has expanded into fixed income, commodities, digital assets, and foreign exchange. The company's reportable segments are; Europe which generates key revenue, the Americas, and Asia.
51GF Score
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