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Net digital AGFRA:VRL +0.29%7 Net-Net Working Capital is €0.47 as of Dec. 2025. GuruFocus rates FRA:VRL with a GF Score™ of 7/100 and a GF Value™ of €12.34 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,258 Software companies, Net digital AG ranks worse than 86.88% 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.
Net digital AG's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €0.47.
The industry rank for Net digital AG's Net-Net Working Capital or its related term are showing as below:
FRA:VRL's Price-to-Net-Net-Working-Capital is ranked worse than 86.88% of 1258
companies
in the Software industry
Industry Median: 7.21
vs FRA:VRL: 38.00
Net digital AG (FRA:VRL) 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.
Net digital AG Net-Net Working Capital Related Terms
Net digital AG Net-Net Working Capital Historical Data
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The historical data trend for Net digital AG'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:VRL vs QH, SHOP, UBER: Net-Net Working Capital Comparison
For the Software - Application subindustry, Net digital AG'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.
Net digital AG Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Net digital AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Net digital AG'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 €0.47 mean?
Net digital AG (FRA:VRL) has a Net-Net Working Capital of €0.47 as of Dec. 2025. 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 Net digital AG According to the industry distribution chart, Net digital AG ranks #1093 out of 1258 companies in the Software industry, placing it in the top 86.9%.
Is Net digital AG's Net-Net Working Capital too high?
Net digital AG's current Net-Net Working Capital is €0.47. Based on the distribution chart, Net digital AG ranks #1093 out of 1258 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Net digital AG has a GF Score™ of 7/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Net digital AG's Net-Net Working Capital compare to QH and SHOP?
According to the Software industry distribution chart, Net digital AG ranks #1093 out of 1258 companies for Net-Net Working Capital. This places Net digital AG in the lower half of its industry. The industry median Net-Net Working Capital is 7.21. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.21, based on 1,258 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 Net digital AG For the Software industry, the median Net-Net Working Capital is 7.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net digital AG's current Net-Net Working Capital is €0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net digital AG stock overvalued right now?
Based on GuruFocus' analysis, Net digital AG (FRA:VRL) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.34, compared to a current price of €17.10 — trading 38.6% above its estimated fair value. The current Net-Net Working Capital is €0.47. Net digital AG's overall GF Score™ is 7/100 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 Net digital AG (FRA:VRL), the current Net-Net Working Capital is €0.47 as of Dec. 2025. 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 Net digital AG (FRA:VRL) Overvalued in 2026?
Based on GuruFocus' analysis, Net digital AG stock appears to be overvalued.
The current stock price of €17.10 is trading 38.6% above its estimated GF Value™ of €12.34.
GuruFocus considers Net digital AG to be Significantly Overvalued.
Key valuation signals for FRA:VRL:
Net-Net Working Capital: €0.47
GF Value™: €12.34 vs. price of €17.10 (38.6% above fair value)
No single metric tells the full story. See the FRA:VRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Net digital AG is a group of companies that partners with numerous medium-sized and large companies in the telecommunications, media, and entertainment sectors, as well as public transport companies. The group develops technology platforms for Global and customized digital payment solutions with a focus on digital content distribution. Its services include Global Payment Services, Mobile Payment Services, Content Distribution Services, Artificial Intelligence Solutions, Communication Services, and TV Enabling Services.
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