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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.
CVD Equipment's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €2.81.
The industry rank for CVD Equipment's Net-Net Working Capital or its related term are showing as below:
FRA:0V3's Price-to-Net-Net-Working-Capital is ranked better than 87.09% of 1309
companies
in the Industrial Products industry
Industry Median: 8.45
vs FRA:0V3: 2.27
CVD Equipment (FRA:0V3) 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.
CVD Equipment Net-Net Working Capital Related Terms
CVD Equipment Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for CVD Equipment'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.
FRA:0V3 vs LASE, OPTT, HYOR: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, CVD Equipment'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.
CVD Equipment Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, CVD Equipment's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where CVD Equipment'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 €2.81 mean?
CVD Equipment (FRA:0V3) has a Net-Net Working Capital of €2.81 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 CVD Equipment According to the industry distribution chart, CVD Equipment ranks #169 out of 1309 companies in the Industrial Products industry, placing it in the top 12.9%.
Is CVD Equipment's Net-Net Working Capital too high?
CVD Equipment's current Net-Net Working Capital is €2.81. Based on the distribution chart, CVD Equipment ranks #169 out of 1309 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, CVD Equipment has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does CVD Equipment's Net-Net Working Capital compare to LASE and OPTT?
According to the Industrial Products industry distribution chart, CVD Equipment ranks #169 out of 1309 companies for Net-Net Working Capital. This places CVD Equipment in the top 13% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.45. 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 8.45, based on 1,309 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 CVD Equipment For the Industrial Products industry, the median Net-Net Working Capital is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CVD Equipment's current Net-Net Working Capital is €2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CVD Equipment stock overvalued right now?
CVD Equipment (FRA:0V3) has a current Net-Net Working Capital of €2.81. The stock's GF Value™ is €2.30, compared to a current price of €6.25 — trading 171.7% above its estimated fair value. The current Net-Net Working Capital is €2.81. CVD Equipment's overall GF Score™ is 47/100 with 2 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 CVD Equipment (FRA:0V3), the current Net-Net Working Capital is €2.81 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 CVD Equipment (FRA:0V3) Overvalued in 2026?
Based on GuruFocus' analysis, CVD Equipment stock appears to be overvalued.
The current stock price of €6.25 is trading 171.7% above its estimated GF Value™ of €2.30.
Key valuation signals for FRA:0V3:
Net-Net Working Capital: €2.81
GF Value™: €2.30 vs. price of €6.25 (171.7% above fair value)
No single metric tells the full story. See the FRA:0V3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CVD Equipment Corp designs, develops, and manufactures a broad range of equipment used to develop and produce materials and coatings for the aerospace, compound semiconductor, semiconductor, aerospace, battery energy storage markets as well as industrial applications, and research. It currently conducts its business through two reportable segments: CVD Equipment, which designs and manufactures chemical vapor deposition, physical vapor transport and thermal process equipment; and SDC, which designs and manufactures ultra-high purity gas and chemical delivery control systems. Its target markets are aerospace & defense and industrial, microelectronics / high power electronics, and EV battery materials / energy storage.
47GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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