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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.
Franklin Electric Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €-1.63.
The industry rank for Franklin Electric Co's Net-Net Working Capital or its related term are showing as below:
FRA:FE4's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 7.74 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Franklin Electric Co (FRA:FE4) 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.
Franklin Electric Co Net-Net Working Capital Related Terms
Franklin Electric Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Franklin Electric Co'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.
Franklin Electric Co Net-Net Working Capital Chart
FRA:FE4 vs CSW, SYM, XE: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Franklin Electric Co'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.
Franklin Electric Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Franklin Electric Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Franklin Electric Co'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 €-1.63 mean?
Franklin Electric Co (FRA:FE4) has a Net-Net Working Capital of €-1.63 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 Franklin Electric Co According to the industry distribution chart, Franklin Electric Co ranks #999999 out of 1361 companies in the Industrial Products industry.
Is Franklin Electric Co's Net-Net Working Capital too high?
Franklin Electric Co's current Net-Net Working Capital is €-1.63. Based on the distribution chart, Franklin Electric Co ranks #999999 out of 1361 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Franklin Electric Co has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Franklin Electric Co's Net-Net Working Capital compare to CSW and SYM?
According to the Industrial Products industry distribution chart, Franklin Electric Co ranks #999999 out of 1361 companies for Net-Net Working Capital. This places Franklin Electric Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.74. 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 Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.74, based on 1,361 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 Franklin Electric Co For the Industrial Products industry, the median Net-Net Working Capital is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Franklin Electric Co's current Net-Net Working Capital is €-1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Franklin Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Franklin Electric Co (FRA:FE4) is currently considered Fairly Valued. The stock's GF Value™ is €91.45, compared to a current price of €88.50 — trading 3.2% below its estimated fair value. The current Net-Net Working Capital is €-1.63. Franklin Electric Co's overall GF Score™ is 87/100 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 Franklin Electric Co (FRA:FE4), the current Net-Net Working Capital is €-1.63 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 Franklin Electric Co (FRA:FE4) Overvalued in 2026?
Based on GuruFocus' analysis, Franklin Electric Co stock appears to be undervalued.
The current stock price of €88.50 is trading 3.2% below its estimated GF Value™ of €91.45.
GuruFocus considers Franklin Electric Co to be Fairly Valued.
Key valuation signals for FRA:FE4:
Net-Net Working Capital: €-1.63
GF Value™: €91.45 vs. price of €88.50 (3.2% below fair value)
No single metric tells the full story. See the FRA:FE4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Energy Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.
87GF Score
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