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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 Helix Energy Solutions Group's Net-Net Working Capital or its related term are showing as below:
FRA:CTV's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 6.5 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Helix Energy Solutions Group (FRA:CTV) 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.
Helix Energy Solutions Group Net-Net Working Capital Related Terms
Helix Energy Solutions 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.
Helix Energy Solutions Group Net-Net Working Capital Chart
FRA:CTV vs PUMP, AESI, VTOL: Net-Net Working Capital Comparison
For the Oil & Gas Equipment & Services subindustry, Helix Energy Solutions 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.
Helix Energy Solutions Group Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Helix Energy Solutions Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Helix Energy Solutions 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 €-1.98 mean?
Helix Energy Solutions Group (FRA:CTV) has a Net-Net Working Capital of €-1.98 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 Helix Energy Solutions Group According to the industry distribution chart, Helix Energy Solutions Group ranks #999999 out of 191 companies in the Oil & Gas industry.
Is Helix Energy Solutions Group's Net-Net Working Capital too high?
Helix Energy Solutions Group's current Net-Net Working Capital is €-1.98. Based on the distribution chart, Helix Energy Solutions Group ranks #999999 out of 191 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Helix Energy Solutions Group has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Helix Energy Solutions Group's Net-Net Working Capital compare to PUMP and AESI?
According to the Oil & Gas industry distribution chart, Helix Energy Solutions Group ranks #999999 out of 191 companies for Net-Net Working Capital. This places Helix Energy Solutions Group in the lower half of its industry. The industry median Net-Net Working Capital is 6.50. 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 Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.50, based on 191 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 Helix Energy Solutions Group For the Oil & Gas industry, the median Net-Net Working Capital is 6.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Helix Energy Solutions Group's current Net-Net Working Capital is €-1.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Helix Energy Solutions Group stock overvalued right now?
Helix Energy Solutions Group (FRA:CTV) has a current Net-Net Working Capital of €-1.98. The stock's GF Value™ is €8.57, compared to a current price of €7.92 — trading 7.6% below its estimated fair value. The current Net-Net Working Capital is €-1.98. Helix Energy Solutions Group's overall GF Score™ is 81/100 with 3 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 Helix Energy Solutions Group (FRA:CTV), the current Net-Net Working Capital is €-1.98 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 Helix Energy Solutions Group (FRA:CTV) Overvalued in 2026?
Based on GuruFocus' analysis, Helix Energy Solutions Group stock appears to be undervalued.
The current stock price of €7.92 is trading 7.6% below its estimated GF Value™ of €8.57.
Key valuation signals for FRA:CTV:
Net-Net Working Capital: €-1.98
GF Value™: €8.57 vs. price of €7.92 (7.6% below fair value)
No single metric tells the full story. See the FRA:CTV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Helix Energy Solutions Group Inc is an offshore energy services company. It provides specialty services to the offshore energy industry, with an emphasis on well intervention and robotics operations. Helix provides services in deep water in the Gulf of Mexico, Brazil, the North Sea, Asia Pacific and West Africa regions. It has four segments: Well Intervention, Robotics, Shallow Water Abandonment and Production Facilities. The Well Intervention segment includes vessels and equipment used to perform well intervention services in the Gulf of Mexico, the North Sea and Brazil. It derives the majority of its revenue from the U.S., and it also has its presence in North Sea, Brazil, Asia Pacific, West Africa, and Other.
81GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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