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GentexGNTX +0.49%88 Net-Net Working Capital is $1.57 as of Jun. 2026. GuruFocus rates GNTX with a GF Score™ of 88/100 and a GF Value™ of $33.31 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 362 Vehicles & Parts companies, Gentex ranks worse than 69.34% 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.
Gentex's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $1.57.
The industry rank for Gentex's Net-Net Working Capital or its related term are showing as below:
GNTX's Price-to-Net-Net-Working-Capital is ranked worse than 69.34% of 362
companies
in the Vehicles & Parts industry
Industry Median: 7.95
vs GNTX: 15.12
Gentex (NAS:GNTX) 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.
Gentex Net-Net Working Capital Related Terms
Gentex Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Gentex'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.
GNTX vs ATMU, DORM, GTX: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Gentex'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.
Gentex Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Gentex's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Gentex'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 $1.57 mean?
Gentex (GNTX) has a Net-Net Working Capital of $1.57 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 Gentex According to the industry distribution chart, Gentex ranks #251 out of 362 companies in the Vehicles & Parts industry, placing it in the top 69.3%.
Is Gentex's Net-Net Working Capital too high?
Gentex's current Net-Net Working Capital is $1.57. The Vehicles & Parts industry median Net-Net Working Capital is 7.95. Gentex's value of $1.57 is 80.3% below this industry median. Based on the distribution chart, Gentex ranks #251 out of 362 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Gentex has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gentex's Net-Net Working Capital compare to ATMU and DORM?
According to the Vehicles & Parts industry distribution chart, Gentex ranks #251 out of 362 companies for Net-Net Working Capital. This places Gentex in the lower half of its industry. The industry median Net-Net Working Capital is 7.95. Gentex's value of $1.57 is 80.3% below this benchmark. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 7.95, based on 362 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. Gentex's current Net-Net Working Capital of $1.57 is 80.3% below the industry median. 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 Gentex For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gentex's current Net-Net Working Capital is $1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gentex stock overvalued right now?
Based on GuruFocus' analysis, Gentex (GNTX) is currently considered Modestly Undervalued. The stock's GF Value™ is $33.31, compared to a current price of $23.72 — trading 28.8% below its estimated fair value. The current Net-Net Working Capital is $1.57 and 80.3% below the Vehicles & Parts industry median of 7.95. Gentex's overall GF Score™ is 88/100 with 2 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 Gentex (GNTX), the current Net-Net Working Capital is $1.57 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 Gentex (GNTX) Overvalued in 2026?
Based on GuruFocus' analysis, Gentex stock appears to be undervalued.
The current stock price of $23.72 is trading 28.8% below its estimated GF Value™ of $33.31.
GuruFocus considers Gentex to be Modestly Undervalued.
Key valuation signals for GNTX:
Net-Net Working Capital: $1.57
GF Value™: $33.31 vs. price of $23.72 (28.8% below fair value)
Industry Position: 80.3% below the Vehicles & Parts median (#251 of 362)
No single metric tells the full story. See the GNTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gentex was founded in 1974 to produce smoke-detection equipment. The company sold its first glare-control interior mirror in 1982 and its first model using electrochromic technology in 1987. Automotive revenue was about 89% of total revenue in 2025, down from 98% in 2024 due to the Voxx acquisition in April 2025. The company is constantly developing new applications for the technology to remain on top. Sales in 2025 totaled about $2.5 billion with 44.8 million mirrors shipped. The unit mix breaks out as 64% interior and 36% exterior versus 31% exterior in 2019. The company is based in Zeeland, Michigan.
88GF Score
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