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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 51 Talk Online Education Group's Net-Net Working Capital or its related term are showing as below:
FRA:C4G0's Price-to-Net-Net-Working-Capital is not ranked *
in the Education industry.
Industry Median: 4.985 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
51 Talk Online Education Group (FRA:C4G0) 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.
51 Talk Online Education Group Net-Net Working Capital Related Terms
51 Talk Online Education 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.
51 Talk Online Education Group Net-Net Working Capital Chart
FRA:C4G0 vs CHGG, SKIL, LGCY: Net-Net Working Capital Comparison
For the Education & Training Services subindustry, 51 Talk Online Education 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.
51 Talk Online Education Group Price-to-Net-Net-Working-Capital vs Education Industry
For the Education industry and Consumer Defensive sector, 51 Talk Online Education Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where 51 Talk Online Education 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 €-9.13 mean?
51 Talk Online Education Group (FRA:C4G0) has a Net-Net Working Capital of €-9.13 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 51 Talk Online Education Group According to the industry distribution chart, 51 Talk Online Education Group ranks #999999 out of 94 companies in the Education industry.
Is 51 Talk Online Education Group's Net-Net Working Capital too high?
51 Talk Online Education Group's current Net-Net Working Capital is €-9.13. Based on the distribution chart, 51 Talk Online Education Group ranks #999999 out of 94 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, 51 Talk Online Education Group has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does 51 Talk Online Education Group's Net-Net Working Capital compare to CHGG and SKIL?
According to the Education industry distribution chart, 51 Talk Online Education Group ranks #999999 out of 94 companies for Net-Net Working Capital. This places 51 Talk Online Education Group in the lower half of its industry. The industry median Net-Net Working Capital is 4.99. 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 Education company?
The median Net-Net Working Capital among Education companies is 4.99, based on 94 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 51 Talk Online Education Group For the Education industry, the median Net-Net Working Capital is 4.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. 51 Talk Online Education Group's current Net-Net Working Capital is €-9.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 51 Talk Online Education Group stock overvalued right now?
51 Talk Online Education Group (FRA:C4G0) has a current Net-Net Working Capital of €-9.13. The stock's GF Value™ is €35.77, compared to a current price of €8.65 — trading 75.8% below its estimated fair value. The current Net-Net Working Capital is €-9.13. 51 Talk Online Education Group's overall GF Score™ is 43/100 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 51 Talk Online Education Group (FRA:C4G0), the current Net-Net Working Capital is €-9.13 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.
Is 51 Talk Online Education Group (FRA:C4G0) Overvalued in 2026?
Based on GuruFocus' analysis, 51 Talk Online Education Group stock appears to be undervalued.
The current stock price of €8.65 is trading 75.8% below its estimated GF Value™ of €35.77.
Key valuation signals for FRA:C4G0:
Net-Net Working Capital: €-9.13
GF Value™: €35.77 vs. price of €8.65 (75.8% below fair value)
No single metric tells the full story. See the FRA:C4G0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
51 Talk Online Education Group is an online education platform in China, with core expertise in English education. The company's mission is to make quality education accessible and affordable. It's online and mobile education platforms enable students across China to take live interactive English lessons with overseas foreign teachers, on demand. The Group operates in geographical areas: Asia-Pacific region; and Other areas, of which it derives maximum revenue from Asia-Pacific.
43GF Score
Get the complete analysis for FRA:C4G0
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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