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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.
The industry rank for Zhuzhou CRRC Times Electric Co's Net-Net Working Capital or its related term are showing as below:
FRA:ZTX's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.43 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Zhuzhou CRRC Times Electric Co (FRA:ZTX) 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.
Zhuzhou CRRC Times Electric Co Net-Net Working Capital Related Terms
Zhuzhou CRRC Times Electric Co 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.
Zhuzhou CRRC Times Electric Co Net-Net Working Capital Chart
FRA:ZTX vs UNP, CSX, NSC: Net-Net Working Capital Comparison
For the Railroads subindustry, Zhuzhou CRRC Times 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.
Zhuzhou CRRC Times Electric Co Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Zhuzhou CRRC Times Electric Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Zhuzhou CRRC Times 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 €-0.46 mean?
Zhuzhou CRRC Times Electric Co (FRA:ZTX) has a Net-Net Working Capital of €-0.46 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 Zhuzhou CRRC Times Electric Co According to the industry distribution chart, Zhuzhou CRRC Times Electric Co ranks #999999 out of 222 companies in the Transportation industry.
Is Zhuzhou CRRC Times Electric Co's Net-Net Working Capital too high?
Zhuzhou CRRC Times Electric Co's current Net-Net Working Capital is €-0.46. Based on the distribution chart, Zhuzhou CRRC Times Electric Co ranks #999999 out of 222 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Zhuzhou CRRC Times Electric Co has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does Zhuzhou CRRC Times Electric Co's Net-Net Working Capital compare to UNP and CSX?
According to the Transportation industry distribution chart, Zhuzhou CRRC Times Electric Co ranks #999999 out of 222 companies for Net-Net Working Capital. This places Zhuzhou CRRC Times Electric Co in the lower half of its industry. The industry median Net-Net Working Capital is 6.43. 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 6.43, based on 222 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 Zhuzhou CRRC Times Electric Co For the Transportation industry, the median Net-Net Working Capital is 6.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhuzhou CRRC Times Electric Co's current Net-Net Working Capital is €-0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhuzhou CRRC Times Electric Co stock overvalued right now?
Zhuzhou CRRC Times Electric Co (FRA:ZTX) has a current Net-Net Working Capital of €-0.46. The stock's GF Value™ is €4.61, compared to a current price of €3.46 — trading 24.9% below its estimated fair value. The current Net-Net Working Capital is €-0.46. Zhuzhou CRRC Times Electric Co's overall GF Score™ is 93/100 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 Zhuzhou CRRC Times Electric Co (FRA:ZTX), the current Net-Net Working Capital is €-0.46 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 Zhuzhou CRRC Times Electric Co (FRA:ZTX) Overvalued in 2026?
Based on GuruFocus' analysis, Zhuzhou CRRC Times Electric Co stock appears to be undervalued.
The current stock price of €3.46 is trading 24.9% below its estimated GF Value™ of €4.61.
Key valuation signals for FRA:ZTX:
Net-Net Working Capital: €-0.46
GF Value™: €4.61 vs. price of €3.46 (24.9% below fair value)
No single metric tells the full story. See the FRA:ZTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhuzhou CRRC Times Electric Co Ltd is in the R&D, design, manufacturing, and sales of rail transit equipment products and the provision of related services, and has an industrial structure of components, systems, and complete machines. Its products mainly include rail transit electrical equipment, railway engineering machinery, communication signal systems, and others. Meanwhile, the Company actively expands to industries other than rail transit and conducts business in the fields of semiconductors, automobiles, new energy, marine, and industrial operations. The Company operates in the domestic market and overseas markets.
93GF 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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