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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.
Gatekeeper Systems's Net-Net Working Capital for the quarter that ended in May. 2026 was €0.13.
The industry rank for Gatekeeper Systems's Net-Net Working Capital or its related term are showing as below:
FRA:1GK's Price-to-Net-Net-Working-Capital is ranked worse than 64.99% of 437
companies
in the Business Services industry
Industry Median: 5.56
vs FRA:1GK: 9.76
Gatekeeper Systems (FRA:1GK) 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.
Gatekeeper Systems Net-Net Working Capital Related Terms
Gatekeeper Systems Net-Net Working Capital Historical Data
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The historical data trend for Gatekeeper Systems'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:1GK vs ALLE, MSA, ADT: Net-Net Working Capital Comparison
For the Security & Protection Services subindustry, Gatekeeper Systems'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.
Gatekeeper Systems Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Gatekeeper Systems's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Gatekeeper Systems'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 €0.13 mean?
Gatekeeper Systems (FRA:1GK) has a Net-Net Working Capital of €0.13 as of May. 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 Gatekeeper Systems According to the industry distribution chart, Gatekeeper Systems ranks #284 out of 437 companies in the Business Services industry, placing it in the top 65%.
Is Gatekeeper Systems' Net-Net Working Capital too high?
Gatekeeper Systems' current Net-Net Working Capital is €0.13. Based on the distribution chart, Gatekeeper Systems ranks #284 out of 437 companies in the Business Services industry, which is below the industry midpoint. Overall, Gatekeeper Systems has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gatekeeper Systems' Net-Net Working Capital compare to ALLE and MSA?
According to the Business Services industry distribution chart, Gatekeeper Systems ranks #284 out of 437 companies for Net-Net Working Capital. This places Gatekeeper Systems in the lower half of its industry. The industry median Net-Net Working Capital is 5.56. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.56, based on 437 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 Gatekeeper Systems For the Business Services industry, the median Net-Net Working Capital is 5.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gatekeeper Systems's current Net-Net Working Capital is €0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gatekeeper Systems stock overvalued right now?
Based on GuruFocus' analysis, Gatekeeper Systems (FRA:1GK) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.44, compared to a current price of €1.07 — trading 144.1% above its estimated fair value. The current Net-Net Working Capital is €0.13. Gatekeeper Systems' overall GF Score™ is 66/100 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 Gatekeeper Systems (FRA:1GK), the current Net-Net Working Capital is €0.13 as of May. 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 Gatekeeper Systems (FRA:1GK) Overvalued in 2026?
Based on GuruFocus' analysis, Gatekeeper Systems stock appears to be overvalued.
The current stock price of €1.07 is trading 144.1% above its estimated GF Value™ of €0.44.
GuruFocus considers Gatekeeper Systems to be Significantly Overvalued.
Key valuation signals for FRA:1GK:
Net-Net Working Capital: €0.13
GF Value™: €0.44 vs. price of €1.07 (144.1% above fair value)
No single metric tells the full story. See the FRA:1GK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gatekeeper Systems Inc specializes in the design, manufacturing, and marketing of video security solutions for mobile and extreme environments and is a provider of intelligent video solutions designed to provide a safer transportation environment for children, passengers, and public safety personnel across multiple transportation modes. The Company operates in a single segment in which it develops, manufactures, markets, and sells high-resolution mobile surveillance camera systems, with performance evaluated regularly by the President and Chief Executive Officer as the chief operating decision maker. Revenue is generated from two regions, Canada and the United States, with the majority of revenue coming from Canada.
66GF 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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