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Lumen TechnologiesFRA:CYTH -1.28%53 Net-Net Working Capital is €-24.69 as of Jun. 2026. GuruFocus rates FRA:CYTH with a GF Score™ of 53/100 and a GF Value™ of €3.76 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 55 Telecommunication Services companies, Lumen Technologies ranks worse than 1818180% 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.
Lumen Technologies's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €-24.69.
The industry rank for Lumen Technologies's Net-Net Working Capital or its related term are showing as below:
FRA:CYTH's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 9.27 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Lumen Technologies (FRA:CYTH) 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.
Lumen Technologies Net-Net Working Capital Related Terms
Lumen Technologies Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Lumen Technologies'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:CYTH vs IRDM, LBRDA, TDS: Net-Net Working Capital Comparison
For the Telecom Services subindustry, Lumen Technologies'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.
Lumen Technologies Price-to-Net-Net-Working-Capital vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Lumen Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Lumen Technologies'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 €-24.69 mean?
Lumen Technologies (FRA:CYTH) has a Net-Net Working Capital of €-24.69 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 Lumen Technologies According to the industry distribution chart, Lumen Technologies ranks #999999 out of 55 companies in the Telecommunication Services industry.
Is Lumen Technologies' Net-Net Working Capital too high?
Lumen Technologies' current Net-Net Working Capital is €-24.69. Based on the distribution chart, Lumen Technologies ranks #999999 out of 55 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, Lumen Technologies has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lumen Technologies' Net-Net Working Capital compare to IRDM and LBRDA?
According to the Telecommunication Services industry distribution chart, Lumen Technologies ranks #999999 out of 55 companies for Net-Net Working Capital. This places Lumen Technologies in the lower half of its industry. The industry median Net-Net Working Capital is 9.27. 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 Telecommunication Services company?
The median Net-Net Working Capital among Telecommunication Services companies is 9.27, based on 55 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 Lumen Technologies For the Telecommunication Services industry, the median Net-Net Working Capital is 9.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lumen Technologies's current Net-Net Working Capital is €-24.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lumen Technologies stock overvalued right now?
Based on GuruFocus' analysis, Lumen Technologies (FRA:CYTH) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.76, compared to a current price of €5.42 — trading 44.1% above its estimated fair value. The current Net-Net Working Capital is €-24.69. Lumen Technologies' overall GF Score™ is 53/100 with 4 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 Lumen Technologies (FRA:CYTH), the current Net-Net Working Capital is €-24.69 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 Lumen Technologies (FRA:CYTH) Overvalued in 2026?
Based on GuruFocus' analysis, Lumen Technologies stock appears to be overvalued.
The current stock price of €5.42 is trading 44.1% above its estimated GF Value™ of €3.76.
GuruFocus considers Lumen Technologies to be Significantly Overvalued.
Key valuation signals for FRA:CYTH:
Net-Net Working Capital: €-24.69
GF Value™: €3.76 vs. price of €5.42 (44.1% above fair value)
No single metric tells the full story. See the FRA:CYTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lumen Technologies is one of the largest telecommunications carriers serving global enterprises. The merger with Level 3 in 2017, the 2022 divestiture of much of its local phone business in rural areas, and the 2026 sale of its remaining consumer fiber network to AT&T have shifted the company's operations away from the legacy consumer business and toward enterprise services, which account for about 85%-90% of revenue. Lumen offers businesses a full suite of communications services, providing colocation and data center services, data transportation, phone service, and internet access.
53GF Score
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