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AkesoFRA:4RY +0.05%52 Net-Net Working Capital is €0.45 as of Dec. 2025. GuruFocus rates FRA:4RY with a GF Score™ of 52/100 and a GF Value™ of €16.51 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 858 Biotechnology companies, Akeso ranks worse than 86.83% 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.
Akeso's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €0.45.
The industry rank for Akeso's Net-Net Working Capital or its related term are showing as below:
FRA:4RY's Price-to-Net-Net-Working-Capital is ranked worse than 86.83% of 858
companies
in the Biotechnology industry
Industry Median: 5.075
vs FRA:4RY: 22.98
Akeso (FRA:4RY) 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.
Akeso Net-Net Working Capital Related Terms
Akeso Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Akeso'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:4RY vs VRTX, REGN, RVMD: Net-Net Working Capital Comparison
For the Biotechnology subindustry, Akeso'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.
Akeso Price-to-Net-Net-Working-Capital vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Akeso's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Akeso'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 €0.45 mean?
Akeso (FRA:4RY) has a Net-Net Working Capital of €0.45 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 Akeso According to the industry distribution chart, Akeso ranks #745 out of 858 companies in the Biotechnology industry, placing it in the top 86.8%.
Is Akeso's Net-Net Working Capital too high?
Akeso's current Net-Net Working Capital is €0.45. Based on the distribution chart, Akeso ranks #745 out of 858 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Akeso has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Akeso's Net-Net Working Capital compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Akeso ranks #745 out of 858 companies for Net-Net Working Capital. This places Akeso in the lower half of its industry. The industry median Net-Net Working Capital is 5.08. 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 Biotechnology company?
The median Net-Net Working Capital among Biotechnology companies is 5.08, based on 858 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 Akeso For the Biotechnology industry, the median Net-Net Working Capital is 5.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Akeso's current Net-Net Working Capital is €0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Akeso stock overvalued right now?
Based on GuruFocus' analysis, Akeso (FRA:4RY) is currently considered Possible Value Trap. The stock's GF Value™ is €16.51, compared to a current price of €10.34 — trading 37.4% below its estimated fair value. The current Net-Net Working Capital is €0.45. Akeso's overall GF Score™ is 52/100 with 5 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 Akeso (FRA:4RY), the current Net-Net Working Capital is €0.45 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 Akeso (FRA:4RY) Overvalued in 2026?
Based on GuruFocus' analysis, Akeso stock appears to be undervalued.
The current stock price of €10.34 is trading 37.4% below its estimated GF Value™ of €16.51.
GuruFocus considers Akeso to be Possible Value Trap.
Key valuation signals for FRA:4RY:
Net-Net Working Capital: €0.45
GF Value™: €16.51 vs. price of €10.34 (37.4% below fair value)
No single metric tells the full story. See the FRA:4RY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Akeso Inc is an investment holding company. The Company's subsidiaries were involved in research and development, production, and commercialization of biopharmaceutical products. The company has developed more than 50 drug candidates, including 15 bispecific antibody/multispecific antibody/bispecific antibody ADC/ADC/TCE drugs, with 27 drugs in clinical development. The majority of the company's revenue is derived from Mainland China, and it also has its presence in the USA and Other regions.
52GF Score
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