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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.
Wizz Air Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €-79.50.
The industry rank for Wizz Air Holdings's Net-Net Working Capital or its related term are showing as below:
FRA:WI2's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.18 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Wizz Air Holdings (FRA:WI2) 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.
Wizz Air Holdings Net-Net Working Capital Related Terms
Wizz Air Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Wizz Air Holdings'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:WI2 vs DAL, UAL, LUV: Net-Net Working Capital Comparison
For the Airlines subindustry, Wizz Air Holdings'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.
Wizz Air Holdings Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Wizz Air Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Wizz Air Holdings'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 €-79.50 mean?
Wizz Air Holdings (FRA:WI2) has a Net-Net Working Capital of €-79.50 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 Wizz Air Holdings According to the industry distribution chart, Wizz Air Holdings ranks #999999 out of 219 companies in the Transportation industry.
Is Wizz Air Holdings' Net-Net Working Capital too high?
Wizz Air Holdings' current Net-Net Working Capital is €-79.50. Based on the distribution chart, Wizz Air Holdings ranks #999999 out of 219 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Wizz Air Holdings has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Wizz Air Holdings' Net-Net Working Capital compare to DAL and UAL?
According to the Transportation industry distribution chart, Wizz Air Holdings ranks #999999 out of 219 companies for Net-Net Working Capital. This places Wizz Air Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 6.18. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.18, based on 219 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 Wizz Air Holdings For the Transportation industry, the median Net-Net Working Capital is 6.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wizz Air Holdings's current Net-Net Working Capital is €-79.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wizz Air Holdings stock overvalued right now?
Based on GuruFocus' analysis, Wizz Air Holdings (FRA:WI2) is currently considered Possible Value Trap. The stock's GF Value™ is €20.90, compared to a current price of €12.20 — trading 41.6% below its estimated fair value. The current Net-Net Working Capital is €-79.50. Wizz Air Holdings' overall GF Score™ is 77/100 with 6 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 Wizz Air Holdings (FRA:WI2), the current Net-Net Working Capital is €-79.50 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 Wizz Air Holdings (FRA:WI2) Overvalued in 2026?
Based on GuruFocus' analysis, Wizz Air Holdings stock appears to be undervalued.
The current stock price of €12.20 is trading 41.6% below its estimated GF Value™ of €20.90.
GuruFocus considers Wizz Air Holdings to be Possible Value Trap.
Key valuation signals for FRA:WI2:
Net-Net Working Capital: €-79.50
GF Value™: €20.90 vs. price of €12.20 (41.6% below fair value)
No single metric tells the full story. See the FRA:WI2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wizz Air is a leading ultra-low-cost airline group operating primarily across Europe, the Middle East, North Africa, and parts of Central and Western Asia. Founded in 2003, the company provides scheduled short- and medium-haul point-to-point services under the Wizz Air brand. As of March 2025, Wizz operated a fleet of 257 aircraft, serving around 185 destinations in over 46 countries. The fleet is primarily composed of Airbus A320neo aircraft, with an ongoing transition toward higher-capacity A321neo planes to support long-term unit cost efficiency.
77GF 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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