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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.
FRA:K41's Price-to-Net-Net-Working-Capital is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 7.11 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Scandinavian Medical Solutions AS (FRA:K41) 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.
Scandinavian Medical Solutions AS Net-Net Working Capital Related Terms
Scandinavian Medical Solutions AS 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.
Scandinavian Medical Solutions AS Net-Net Working Capital Chart
FRA:K41 vs ABT, SYK, MDT: Net-Net Working Capital Comparison
For the Medical Devices subindustry, Scandinavian Medical Solutions AS'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.
Scandinavian Medical Solutions AS Price-to-Net-Net-Working-Capital vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Scandinavian Medical Solutions AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Scandinavian Medical Solutions AS'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 €-0.29 mean?
Scandinavian Medical Solutions AS (FRA:K41) has a Net-Net Working Capital of €-0.29 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 Scandinavian Medical Solutions AS According to the industry distribution chart, Scandinavian Medical Solutions AS ranks #999999 out of 395 companies in the Medical Devices & Instruments industry.
Is Scandinavian Medical Solutions AS's Net-Net Working Capital too high?
Scandinavian Medical Solutions AS's current Net-Net Working Capital is €-0.29. Based on the distribution chart, Scandinavian Medical Solutions AS ranks #999999 out of 395 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Scandinavian Medical Solutions AS has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Medical Solutions AS's Net-Net Working Capital compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Scandinavian Medical Solutions AS ranks #999999 out of 395 companies for Net-Net Working Capital. This places Scandinavian Medical Solutions AS in the lower half of its industry. The industry median Net-Net Working Capital is 7.11. 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 Medical Devices & Instruments company?
The median Net-Net Working Capital among Medical Devices & Instruments companies is 7.11, based on 395 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 Scandinavian Medical Solutions AS For the Medical Devices & Instruments industry, the median Net-Net Working Capital is 7.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Medical Solutions AS's current Net-Net Working Capital is €-0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Medical Solutions AS stock overvalued right now?
Scandinavian Medical Solutions AS (FRA:K41) has a current Net-Net Working Capital of €-0.29. The stock's GF Value™ is €0.78, compared to a current price of €0.37 — trading 52.2% below its estimated fair value. The current Net-Net Working Capital is €-0.29. Scandinavian Medical Solutions AS's overall GF Score™ is 81/100 with 8 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 Scandinavian Medical Solutions AS (FRA:K41), the current Net-Net Working Capital is €-0.29 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 Scandinavian Medical Solutions AS (FRA:K41) Overvalued in 2026?
Based on GuruFocus' analysis, Scandinavian Medical Solutions AS stock appears to be undervalued.
The current stock price of €0.37 is trading 52.2% below its estimated GF Value™ of €0.78.
Key valuation signals for FRA:K41:
Net-Net Working Capital: €-0.29
GF Value™: €0.78 vs. price of €0.37 (52.2% below fair value)
No single metric tells the full story. See the FRA:K41 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scandinavian Medical Solutions AS is a provider of Medical Imaging equipment. The company specializes in the acquisition, quality check, and resale of high-quality pre-owned medical imaging systems. The company supplies value-added resellers and distributors in various countries with MRI, CT, PET/CT, and other diagnostic scanners. It operates the business through three business areas, Equipment Solutions, Parts Solutions and Rental Solutions. Equipment Solutions is the company's main source of revenue, which focuses on sourcing, inspecting, and selling imaging systems such as MRI, CT, PET/CT, Cath-Lab, and Mammography units.
81GF Score
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