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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.
TerraVest Industries's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €-34.58.
The industry rank for TerraVest Industries's Net-Net Working Capital or its related term are showing as below:
FRA:4TV's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 6.55 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
TerraVest Industries (FRA:4TV) 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.
TerraVest Industries Net-Net Working Capital Related Terms
TerraVest Industries Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for TerraVest Industries'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.
TerraVest Industries Net-Net Working Capital Chart
FRA:4TV vs SLB, BKR, FTI: Net-Net Working Capital Comparison
For the Oil & Gas Equipment & Services subindustry, TerraVest Industries'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.
TerraVest Industries Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, TerraVest Industries's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where TerraVest Industries'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 €-34.58 mean?
TerraVest Industries (FRA:4TV) has a Net-Net Working Capital of €-34.58 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 TerraVest Industries According to the industry distribution chart, TerraVest Industries ranks #999999 out of 197 companies in the Oil & Gas industry.
Is TerraVest Industries' Net-Net Working Capital too high?
TerraVest Industries' current Net-Net Working Capital is €-34.58. Based on the distribution chart, TerraVest Industries ranks #999999 out of 197 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, TerraVest Industries has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does TerraVest Industries' Net-Net Working Capital compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, TerraVest Industries ranks #999999 out of 197 companies for Net-Net Working Capital. This places TerraVest Industries in the lower half of its industry. The industry median Net-Net Working Capital is 6.55. 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 Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.55, based on 197 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 TerraVest Industries For the Oil & Gas industry, the median Net-Net Working Capital is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TerraVest Industries's current Net-Net Working Capital is €-34.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TerraVest Industries stock overvalued right now?
Based on GuruFocus' analysis, TerraVest Industries (FRA:4TV) is currently considered Modestly Undervalued. The stock's GF Value™ is €95.72, compared to a current price of €70.00 — trading 26.9% below its estimated fair value. The current Net-Net Working Capital is €-34.58. TerraVest Industries' overall GF Score™ is 69/100 with 6 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 TerraVest Industries (FRA:4TV), the current Net-Net Working Capital is €-34.58 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 TerraVest Industries (FRA:4TV) Overvalued in 2026?
Based on GuruFocus' analysis, TerraVest Industries stock appears to be undervalued.
The current stock price of €70.00 is trading 26.9% below its estimated GF Value™ of €95.72.
GuruFocus considers TerraVest Industries to be Modestly Undervalued.
Key valuation signals for FRA:4TV:
Net-Net Working Capital: €-34.58
GF Value™: €95.72 vs. price of €70.00 (26.9% below fair value)
No single metric tells the full story. See the FRA:4TV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TerraVest Industries Inc manufactures home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments include Home Heating and Cooling Products and Containment Equipment (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment (Processing Equipment), and Service. The majority of its revenue is generated from its HVAC and Cooling Products and Containment Equipment segment which manufactures and distributes products including commercial and residential refined fuel tanks, wastewater treatment systems, grease removal systems, and other custom-built steel storage products.
69GF Score
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