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SK Telecom CoHAM:KMBA +0.69%79 Net-Net Working Capital is €-36.49 as of Mar. 2026. GuruFocus rates HAM:KMBA with a GF Score™ of 79/100 and a GF Value™ of €17.50 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 54 Telecommunication Services companies, SK Telecom Co ranks worse than 1851850% 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.
SK Telecom Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €-36.49.
The industry rank for SK Telecom Co's Net-Net Working Capital or its related term are showing as below:
HAM:KMBA's Price-to-Net-Net-Working-Capital is not ranked *
in the Telecommunication Services industry.
Industry Median: 9.665 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
SK Telecom Co (HAM:KMBA) 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.
SK Telecom Co Net-Net Working Capital Related Terms
SK Telecom Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for SK Telecom Co'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.
HAM:KMBA vs VZ, TMUS, T: Net-Net Working Capital Comparison
For the Telecom Services subindustry, SK Telecom 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.
SK Telecom Co Price-to-Net-Net-Working-Capital vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, SK Telecom Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where SK Telecom 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 €-36.49 mean?
SK Telecom Co (HAM:KMBA) has a Net-Net Working Capital of €-36.49 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 SK Telecom Co According to the industry distribution chart, SK Telecom Co ranks #999999 out of 54 companies in the Telecommunication Services industry.
Is SK Telecom Co's Net-Net Working Capital too high?
SK Telecom Co's current Net-Net Working Capital is €-36.49. Based on the distribution chart, SK Telecom Co ranks #999999 out of 54 companies in the Telecommunication Services industry, which is in the bottom quartile relative to peers. Overall, SK Telecom Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SK Telecom Co's Net-Net Working Capital compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, SK Telecom Co ranks #999999 out of 54 companies for Net-Net Working Capital. This places SK Telecom Co in the lower half of its industry. The industry median Net-Net Working Capital is 9.67. 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 Telecommunication Services company?
The median Net-Net Working Capital among Telecommunication Services companies is 9.67, based on 54 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 SK Telecom Co For the Telecommunication Services industry, the median Net-Net Working Capital is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SK Telecom Co's current Net-Net Working Capital is €-36.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SK Telecom Co stock overvalued right now?
Based on GuruFocus' analysis, SK Telecom Co (HAM:KMBA) is currently considered Significantly Overvalued. The stock's GF Value™ is €17.50, compared to a current price of €29.20 — trading 66.9% above its estimated fair value. The current Net-Net Working Capital is €-36.49. SK Telecom Co's overall GF Score™ is 79/100 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 SK Telecom Co (HAM:KMBA), the current Net-Net Working Capital is €-36.49 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 SK Telecom Co (HAM:KMBA) Overvalued in 2026?
Based on GuruFocus' analysis, SK Telecom Co stock appears to be overvalued.
The current stock price of €29.20 is trading 66.9% above its estimated GF Value™ of €17.50.
GuruFocus considers SK Telecom Co to be Significantly Overvalued.
Key valuation signals for HAM:KMBA:
Net-Net Working Capital: €-36.49
GF Value™: €17.50 vs. price of €29.20 (66.9% above fair value)
No single metric tells the full story. See the HAM:KMBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SK Telecom is South Korea's largest wireless telecom operator, with 32 million mobile customers. The firm also owns SK Broadband (formerly Hanaro Telecom), which has 7.2 million broadband customers and 9.5 million pay TV customers (6.7 million IPTV and 2.8 million Cable TV). While the firm also purchased stakes in businesses in security and semiconductor memory production, as well as developing e-commerce and internet platform businesses, these were all spun off into the separate SK Square business in November 2021. The company was formed after SK Group purchased KT's mobile business in 1994.
79GF Score
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