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Pathos CommunicationsFRA:3Z2 +2.56%25 Net-Net Working Capital is €0.04 as of Dec. 2025. GuruFocus rates FRA:3Z2 with a GF Score™ of 25/100. Among 382 Media - Diversified companies, Pathos Communications ranks worse than 66.75% 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.
Pathos Communications's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €0.04.
The industry rank for Pathos Communications's Net-Net Working Capital or its related term are showing as below:
FRA:3Z2's Price-to-Net-Net-Working-Capital is ranked worse than 66.75% of 382
companies
in the Media - Diversified industry
Industry Median: 4.355
vs FRA:3Z2: 8.00
Pathos Communications (FRA:3Z2) 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.
Pathos Communications Net-Net Working Capital Related Terms
Pathos Communications Net-Net Working Capital Historical Data
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The historical data trend for Pathos Communications'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.
Pathos Communications Net-Net Working Capital Chart
FRA:3Z2 vs APP, OMC, TTD: Net-Net Working Capital Comparison
For the Advertising Agencies subindustry, Pathos Communications'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.
Pathos Communications Price-to-Net-Net-Working-Capital vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Pathos Communications's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Pathos Communications'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 €0.04 mean?
Pathos Communications (FRA:3Z2) has a Net-Net Working Capital of €0.04 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 Pathos Communications According to the industry distribution chart, Pathos Communications ranks #255 out of 382 companies in the Media - Diversified industry, placing it in the top 66.8%.
Is Pathos Communications' Net-Net Working Capital too high?
Pathos Communications' current Net-Net Working Capital is €0.04. Based on the distribution chart, Pathos Communications ranks #255 out of 382 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Pathos Communications has a GF Score™ of 25/100, reflecting its overall financial health beyond just this single metric.
How does Pathos Communications' Net-Net Working Capital compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Pathos Communications ranks #255 out of 382 companies for Net-Net Working Capital. This places Pathos Communications in the lower half of its industry. The industry median Net-Net Working Capital is 4.36. 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 Media - Diversified company?
The median Net-Net Working Capital among Media - Diversified companies is 4.36, based on 382 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 Pathos Communications For the Media - Diversified industry, the median Net-Net Working Capital is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pathos Communications's current Net-Net Working Capital is €0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pathos Communications stock overvalued right now?
Pathos Communications (FRA:3Z2) has a current Net-Net Working Capital of €0.04. The current Net-Net Working Capital is €0.04. Pathos Communications' overall GF Score™ is 25/100. 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 Pathos Communications (FRA:3Z2), the current Net-Net Working Capital is €0.04 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.
Pathos Communications PLC specializes in creative engagement, strategic communications, and brand reputation management while remaining rooted in a deep understanding of each client's goals, voice, and vision. It offers a comprehensive range of services designed to help clients minimize risk, boost audience interaction, and maximize their return on investment (ROI).
25GF Score
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