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Atria OyjFRA:AJC -2.54%56 Net-Net Working Capital is €-15.36 as of Jun. 2026. GuruFocus rates FRA:AJC with a GF Score™ of 56/100 and a GF Value™ of €12.30 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 665 Consumer Packaged Goods companies, Atria Oyj ranks worse than 150375.79% 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.
Atria Oyj's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €-15.36.
The industry rank for Atria Oyj's Net-Net Working Capital or its related term are showing as below:
FRA:AJC's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 6.73 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Atria Oyj (FRA:AJC) 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.
Atria Oyj Net-Net Working Capital Related Terms
Atria Oyj Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Atria Oyj'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:AJC vs KHC, GIS, HRL: Net-Net Working Capital Comparison
For the Packaged Foods subindustry, Atria Oyj'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.
Atria Oyj Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Atria Oyj's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Atria Oyj'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 €-15.36 mean?
Atria Oyj (FRA:AJC) has a Net-Net Working Capital of €-15.36 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 Atria Oyj According to the industry distribution chart, Atria Oyj ranks #999999 out of 665 companies in the Consumer Packaged Goods industry.
Is Atria Oyj's Net-Net Working Capital too high?
Atria Oyj's current Net-Net Working Capital is €-15.36. Based on the distribution chart, Atria Oyj ranks #999999 out of 665 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Atria Oyj has a GF Score™ of 56/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atria Oyj's Net-Net Working Capital compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Atria Oyj ranks #999999 out of 665 companies for Net-Net Working Capital. This places Atria Oyj in the lower half of its industry. The industry median Net-Net Working Capital is 6.73. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.73, based on 665 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 Atria Oyj For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atria Oyj's current Net-Net Working Capital is €-15.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atria Oyj stock overvalued right now?
Based on GuruFocus' analysis, Atria Oyj (FRA:AJC) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.30, compared to a current price of €15.32 — trading 24.6% above its estimated fair value. The current Net-Net Working Capital is €-15.36. Atria Oyj's overall GF Score™ is 56/100 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 Atria Oyj (FRA:AJC), the current Net-Net Working Capital is €-15.36 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 Atria Oyj (FRA:AJC) Overvalued in 2026?
Based on GuruFocus' analysis, Atria Oyj stock appears to be overvalued.
The current stock price of €15.32 is trading 24.6% above its estimated GF Value™ of €12.30.
GuruFocus considers Atria Oyj to be Modestly Overvalued.
Key valuation signals for FRA:AJC:
Net-Net Working Capital: €-15.36
GF Value™: €12.30 vs. price of €15.32 (24.6% above fair value)
No single metric tells the full story. See the FRA:AJC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atria Oyj manufactures and markets food products, in particular meat products, poultry products, ready meals and food concepts. Its main market area covers Finland, Sweden, Denmark, and Baltic countries. The company's segments include Atria Finland, Atria Sweden, Atria Denmark and Estonia. Atria Finland's product categories include Fresh and consumer packed meat, Poultry products, Cooking products, such as cooking sausages, Sandwich toppings, Convenience food, and Animal feed. Atria Sweden's products include Cold cuts, Sausages, Fresh poultry products, Convenience food, Vegetable and delicatessen products, and Atria Denmark and Estonia's product categories include Meat products, particularly sausages, including cold cuts and spreads, Convenience food, and fresh and consumer-packed meat.
56GF Score
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