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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.
Comtec Solar Systems Group's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €-0.06.
The industry rank for Comtec Solar Systems Group's Net-Net Working Capital or its related term are showing as below:
FRA:8C11's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 11.19 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Comtec Solar Systems Group (FRA:8C11) 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.
Comtec Solar Systems Group Net-Net Working Capital Related Terms
Comtec Solar Systems Group 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.
Comtec Solar Systems Group Net-Net Working Capital Chart
FRA:8C11 vs FSLR, NXT, ENPH: Net-Net Working Capital Comparison
For the Solar subindustry, Comtec Solar Systems Group'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.
Comtec Solar Systems Group Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Comtec Solar Systems Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Comtec Solar Systems Group'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 €-0.06 mean?
Comtec Solar Systems Group (FRA:8C11) has a Net-Net Working Capital of €-0.06 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 Comtec Solar Systems Group According to the industry distribution chart, Comtec Solar Systems Group ranks #999999 out of 538 companies in the Semiconductors industry.
Is Comtec Solar Systems Group's Net-Net Working Capital too high?
Comtec Solar Systems Group's current Net-Net Working Capital is €-0.06. Based on the distribution chart, Comtec Solar Systems Group ranks #999999 out of 538 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Comtec Solar Systems Group has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Comtec Solar Systems Group's Net-Net Working Capital compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Comtec Solar Systems Group ranks #999999 out of 538 companies for Net-Net Working Capital. This places Comtec Solar Systems Group in the lower half of its industry. The industry median Net-Net Working Capital is 11.19. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.19, based on 538 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 Comtec Solar Systems Group For the Semiconductors industry, the median Net-Net Working Capital is 11.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Comtec Solar Systems Group's current Net-Net Working Capital is €-0.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Comtec Solar Systems Group stock overvalued right now?
Comtec Solar Systems Group (FRA:8C11) has a current Net-Net Working Capital of €-0.06. The stock's GF Value™ is €0.01, compared to a current price of €0.00 — trading 55% below its estimated fair value. The current Net-Net Working Capital is €-0.06. Comtec Solar Systems Group's overall GF Score™ is 37/100 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 Comtec Solar Systems Group (FRA:8C11), the current Net-Net Working Capital is €-0.06 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 Comtec Solar Systems Group (FRA:8C11) Overvalued in 2026?
Based on GuruFocus' analysis, Comtec Solar Systems Group stock appears to be undervalued.
The current stock price of €0.00 is trading 55% below its estimated GF Value™ of €0.01.
Key valuation signals for FRA:8C11:
Net-Net Working Capital: €-0.06
GF Value™: €0.01 vs. price of €0.00 (55% below fair value)
No single metric tells the full story. See the FRA:8C11 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Comtec Solar Systems Group Ltd is an investment holding company. The company is engaged in operations of rooftop distributed power generation projects in industrial, commercial, and residential buildings and in sales of lithium battery power storage systems for electric vehicles and power storage customers. It also involves consulting services for the investment, development, construction, and operation of solar photovoltaic power stations. Its segments are Monocrystalline and solar products, and Solar and power storage products.
37GF Score
Get the complete analysis for FRA:8C11
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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