Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Aurora InnovationFRA:77F +8.71%19 Net-Net Working Capital is €0.44 as of Mar. 2026. GuruFocus rates FRA:77F with a GF Score™ of 19/100. The stock has 2 warning signs investors should review. Among 378 Vehicles & Parts companies, Aurora Innovation ranks worse than 66.67% 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.
Aurora Innovation's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €0.44.
The industry rank for Aurora Innovation's Net-Net Working Capital or its related term are showing as below:
FRA:77F's Price-to-Net-Net-Working-Capital is ranked worse than 66.67% of 378
companies
in the Vehicles & Parts industry
Industry Median: 7.785
vs FRA:77F: 13.22
Aurora Innovation (FRA:77F) 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.
Aurora Innovation Net-Net Working Capital Related Terms
Aurora Innovation Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Aurora Innovation'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:77F vs APTV, MOD, BWA: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Aurora Innovation'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.
Aurora Innovation Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Aurora Innovation's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Aurora Innovation'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 €0.44 mean?
Aurora Innovation (FRA:77F) has a Net-Net Working Capital of €0.44 as of Mar. 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 Aurora Innovation According to the industry distribution chart, Aurora Innovation ranks #252 out of 378 companies in the Vehicles & Parts industry, placing it in the top 66.7%.
Is Aurora Innovation's Net-Net Working Capital too high?
Aurora Innovation's current Net-Net Working Capital is €0.44. Based on the distribution chart, Aurora Innovation ranks #252 out of 378 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Aurora Innovation has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Aurora Innovation's Net-Net Working Capital compare to APTV and MOD?
According to the Vehicles & Parts industry distribution chart, Aurora Innovation ranks #252 out of 378 companies for Net-Net Working Capital. This places Aurora Innovation in the lower half of its industry. The industry median Net-Net Working Capital is 7.79. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 7.79, based on 378 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 Aurora Innovation For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aurora Innovation's current Net-Net Working Capital is €0.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aurora Innovation stock overvalued right now?
Aurora Innovation (FRA:77F) has a current Net-Net Working Capital of €0.44. The current Net-Net Working Capital is €0.44. Aurora Innovation's overall GF Score™ is 19/100 with 2 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 Aurora Innovation (FRA:77F), the current Net-Net Working Capital is €0.44 as of Mar. 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.
Aurora Innovation is a US autonomous driving provider for heavy trucks. The company produces and sells its Aurora Driver system, which includes hardware installed in a vehicle, software to autonomously drive it, and data management to maintain and improve the software. Aurora targets long-haul routes. The company currently offers its trucking-as-a-service model, where it owns and operates the trucks and makes deliveries for customers. The company plans to start selling its driver-as-a-service model next year, where fleet owners will own the trucks and Aurora's software will operate them.
19GF Score
Get the complete analysis for FRA:77F
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:77F has been successfully added to your 
