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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.
Basilea Pharmaceutica's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €5.33.
The industry rank for Basilea Pharmaceutica's Net-Net Working Capital or its related term are showing as below:
FRA:PK5's Price-to-Net-Net-Working-Capital is ranked worse than 75.69% of 835
companies
in the Biotechnology industry
Industry Median: 5.49
vs FRA:PK5: 12.74
Basilea Pharmaceutica (FRA:PK5) 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.
Basilea Pharmaceutica Net-Net Working Capital Related Terms
Basilea Pharmaceutica Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Basilea Pharmaceutica'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.
Basilea Pharmaceutica Net-Net Working Capital Chart
FRA:PK5 vs VRTX, REGN, MRNA: Net-Net Working Capital Comparison
For the Biotechnology subindustry, Basilea Pharmaceutica'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.
Basilea Pharmaceutica Price-to-Net-Net-Working-Capital vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Basilea Pharmaceutica's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Basilea Pharmaceutica'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 €5.33 mean?
Basilea Pharmaceutica (FRA:PK5) has a Net-Net Working Capital of €5.33 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 Basilea Pharmaceutica According to the industry distribution chart, Basilea Pharmaceutica ranks #632 out of 835 companies in the Biotechnology industry, placing it in the top 75.7%.
Is Basilea Pharmaceutica's Net-Net Working Capital too high?
Basilea Pharmaceutica's current Net-Net Working Capital is €5.33. Based on the distribution chart, Basilea Pharmaceutica ranks #632 out of 835 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Basilea Pharmaceutica has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Basilea Pharmaceutica's Net-Net Working Capital compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, Basilea Pharmaceutica ranks #632 out of 835 companies for Net-Net Working Capital. This places Basilea Pharmaceutica in the lower half of its industry. The industry median Net-Net Working Capital is 5.49. 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 Biotechnology company?
The median Net-Net Working Capital among Biotechnology companies is 5.49, based on 835 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 Basilea Pharmaceutica For the Biotechnology industry, the median Net-Net Working Capital is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Basilea Pharmaceutica's current Net-Net Working Capital is €5.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Basilea Pharmaceutica stock overvalued right now?
Based on GuruFocus' analysis, Basilea Pharmaceutica (FRA:PK5) is currently considered Modestly Overvalued. The stock's GF Value™ is €60.45, compared to a current price of €67.50 — trading 11.7% above its estimated fair value. The current Net-Net Working Capital is €5.33. Basilea Pharmaceutica's overall GF Score™ is 66/100 with 5 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 Basilea Pharmaceutica (FRA:PK5), the current Net-Net Working Capital is €5.33 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 Basilea Pharmaceutica (FRA:PK5) Overvalued in 2026?
Based on GuruFocus' analysis, Basilea Pharmaceutica stock appears to be overvalued.
The current stock price of €67.50 is trading 11.7% above its estimated GF Value™ of €60.45.
GuruFocus considers Basilea Pharmaceutica to be Modestly Overvalued.
Key valuation signals for FRA:PK5:
Net-Net Working Capital: €5.33
GF Value™: €60.45 vs. price of €67.50 (11.7% above fair value)
No single metric tells the full story. See the FRA:PK5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Basilea Pharmaceutica Ltd is a commercial-stage biopharmaceutical company committed to discovering, developing and commercializing drugs to meet the needs of patients with severe bacterial and fungal infections. The Company has operating subsidiaries in the United Kingdom and Germany. Geographically company derives revenue from Japan, Ireland, Republic of Korea, USA, Uruguay, Sweden, Canada, Jordan, Switzerland and Other countries.
66GF 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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