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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.
The industry rank for Xanadu Quantum Technologies's Net-Net Working Capital or its related term are showing as below:
FRA:6B4's Price-to-Net-Net-Working-Capital is ranked worse than 67.94% of 1229
companies
in the Software industry
Industry Median: 7.07
vs FRA:6B4: 12.95
Xanadu Quantum Technologies (FRA:6B4) 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.
Xanadu Quantum Technologies Net-Net Working Capital Related Terms
Xanadu Quantum Technologies Net-Net Working Capital Historical Data
* 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.
Xanadu Quantum Technologies Net-Net Working Capital Chart
FRA:6B4 vs MSFT, PLTR, ORCL: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, Xanadu Quantum Technologies'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.
Xanadu Quantum Technologies Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Xanadu Quantum Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Xanadu Quantum Technologies'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 €0.70 mean?
Xanadu Quantum Technologies (FRA:6B4) has a Net-Net Working Capital of €0.70 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 Xanadu Quantum Technologies According to the industry distribution chart, Xanadu Quantum Technologies ranks #835 out of 1229 companies in the Software industry, placing it in the top 67.9%.
Is Xanadu Quantum Technologies' Net-Net Working Capital too high?
Xanadu Quantum Technologies' current Net-Net Working Capital is €0.70. Based on the distribution chart, Xanadu Quantum Technologies ranks #835 out of 1229 companies in the Software industry, which is below the industry midpoint. Overall, Xanadu Quantum Technologies has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Xanadu Quantum Technologies' Net-Net Working Capital compare to MSFT and PLTR?
According to the Software industry distribution chart, Xanadu Quantum Technologies ranks #835 out of 1229 companies for Net-Net Working Capital. This places Xanadu Quantum Technologies in the lower half of its industry. The industry median Net-Net Working Capital is 7.07. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.07, based on 1,229 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 Xanadu Quantum Technologies For the Software industry, the median Net-Net Working Capital is 7.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xanadu Quantum Technologies's current Net-Net Working Capital is €0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xanadu Quantum Technologies stock overvalued right now?
Xanadu Quantum Technologies (FRA:6B4) has a current Net-Net Working Capital of €0.70. The current Net-Net Working Capital is €0.70. Xanadu Quantum Technologies' overall GF Score™ is 17/100 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 Xanadu Quantum Technologies (FRA:6B4), the current Net-Net Working Capital is €0.70 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.
Xanadu Quantum Technologies Ltd specializes in designing photonic devices and the platforms around them, including the experimentation and development of quantum computers available on the cloud with supporting software, along with quantum simulators and other related products and offerings. Its products include: Aurora, PennyLane, Catalyst, Lightning, Catalyst and PennyLane Codebook. The company operates in industries such as automotive, aerospace, energy, materials, and semiconductor sectors.
17GF Score
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