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BrainChip HoldingsFRA:24YA -3.36%31 Net-Net Working Capital is €0.43 as of Dec. 2025. GuruFocus rates FRA:24YA with a GF Score™ of 31/100. The stock has 1 warning sign investors should review. Among 533 Semiconductors companies, BrainChip Holdings ranks better than 70.17% 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.
BrainChip Holdings's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €0.43.
The industry rank for BrainChip Holdings's Net-Net Working Capital or its related term are showing as below:
FRA:24YA's Price-to-Net-Net-Working-Capital is ranked better than 70.17% of 533
companies
in the Semiconductors industry
Industry Median: 11.84
vs FRA:24YA: 6.40
BrainChip Holdings (FRA:24YA) 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.
BrainChip Holdings Net-Net Working Capital Related Terms
BrainChip Holdings Net-Net Working Capital Historical Data
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The historical data trend for BrainChip 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.
FRA:24YA vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, BrainChip 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.
BrainChip Holdings Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, BrainChip Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where BrainChip 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 €0.43 mean?
BrainChip Holdings (FRA:24YA) has a Net-Net Working Capital of €0.43 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 BrainChip Holdings According to the industry distribution chart, BrainChip Holdings ranks #159 out of 533 companies in the Semiconductors industry, placing it in the top 29.8%.
Is BrainChip Holdings' Net-Net Working Capital too high?
BrainChip Holdings' current Net-Net Working Capital is €0.43. Based on the distribution chart, BrainChip Holdings ranks #159 out of 533 companies in the Semiconductors industry, which is above the industry midpoint. Overall, BrainChip Holdings has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does BrainChip Holdings' Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, BrainChip Holdings ranks #159 out of 533 companies for Net-Net Working Capital. This puts BrainChip Holdings in the upper half of its industry. The industry median Net-Net Working Capital is 11.84. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.84, based on 533 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 BrainChip Holdings For the Semiconductors industry, the median Net-Net Working Capital is 11.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BrainChip Holdings's current Net-Net Working Capital is €0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BrainChip Holdings stock overvalued right now?
BrainChip Holdings (FRA:24YA) has a current Net-Net Working Capital of €0.43. The current Net-Net Working Capital is €0.43. BrainChip Holdings' overall GF Score™ is 31/100 with 1 warning sign 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 BrainChip Holdings (FRA:24YA), the current Net-Net Working Capital is €0.43 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.
BrainChip Holdings Ltd is engaged in the development of software and hardware accelerated solutions for artificial intelligence and machine learning applications. The company is working on the development of its Akida Neuromorphic Processor to provide a complete ultra-low power and fast AI Edge Network for vision, audio, olfactory, and smart transducer applications. Its products are Akida IP, Akida 2nd Generation, MetaTF, Akida1000 Ref SoC, and Akida Enablement Platforms. It operates through one segment namely, the technological development of designs.
31GF Score
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