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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.
Hocking Valley Bancshares's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $2.58.
The industry rank for Hocking Valley Bancshares's Net-Net Working Capital or its related term are showing as below:
HCKG's Price-to-Net-Net-Working-Capital is ranked worse than 87.5% of 8
companies
in the Banks industry
Industry Median: 1.785
vs HCKG: 11.98
Hocking Valley Bancshares (OTCPK:HCKG) 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.
Hocking Valley Bancshares Net-Net Working Capital Related Terms
Hocking Valley Bancshares Net-Net Working Capital Historical Data
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The historical data trend for Hocking Valley Bancshares'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.
Hocking Valley Bancshares Net-Net Working Capital Chart
HCKG vs BHDB, EFSG, EXCH: Net-Net Working Capital Comparison
For the Banks - Regional subindustry, Hocking Valley Bancshares'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.
Hocking Valley Bancshares Price-to-Net-Net-Working-Capital vs Banks Industry
For the Banks industry and Financial Services sector, Hocking Valley Bancshares's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Hocking Valley Bancshares'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 $2.58 mean?
Hocking Valley Bancshares (HCKG) has a Net-Net Working Capital of $2.58 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 Hocking Valley Bancshares According to the industry distribution chart, Hocking Valley Bancshares ranks #7 out of 8 companies in the Banks industry, placing it in the top 87.5%.
Is Hocking Valley Bancshares' Net-Net Working Capital too high?
Hocking Valley Bancshares' current Net-Net Working Capital is $2.58. The Banks industry median Net-Net Working Capital is 1.79. Hocking Valley Bancshares' value of $2.58 is 44.5% above this industry median. Based on the distribution chart, Hocking Valley Bancshares ranks #7 out of 8 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Hocking Valley Bancshares has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hocking Valley Bancshares' Net-Net Working Capital compare to BHDB and EFSG?
According to the Banks industry distribution chart, Hocking Valley Bancshares ranks #7 out of 8 companies for Net-Net Working Capital. This places Hocking Valley Bancshares in the lower half of its industry. The industry median Net-Net Working Capital is 1.79. Hocking Valley Bancshares' value of $2.58 is 44.5% above 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 Banks company?
The median Net-Net Working Capital among Banks companies is 1.79, based on 8 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. Hocking Valley Bancshares's current Net-Net Working Capital of $2.58 is 44.5% above 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 Hocking Valley Bancshares For the Banks industry, the median Net-Net Working Capital is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hocking Valley Bancshares's current Net-Net Working Capital is $2.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hocking Valley Bancshares stock overvalued right now?
Based on GuruFocus' analysis, Hocking Valley Bancshares (HCKG) is currently considered Modestly Overvalued. The stock's GF Value™ is $27.57, compared to a current price of $30.90 — trading 12.1% above its estimated fair value. The current Net-Net Working Capital is $2.58 and 44.5% above the Banks industry median of 1.79. Hocking Valley Bancshares' overall GF Score™ is 61/100 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 Hocking Valley Bancshares (HCKG), the current Net-Net Working Capital is $2.58 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 Hocking Valley Bancshares (HCKG) Overvalued in 2026?
Based on GuruFocus' analysis, Hocking Valley Bancshares stock appears to be overvalued.
The current stock price of $30.90 is trading 12.1% above its estimated GF Value™ of $27.57.
GuruFocus considers Hocking Valley Bancshares to be Modestly Overvalued.
Key valuation signals for HCKG:
Net-Net Working Capital: $2.58
GF Value™: $27.57 vs. price of $30.90 (12.1% above fair value)
Industry Position: 44.5% above the Banks median (#7 of 8)
No single metric tells the full story. See the HCKG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hocking Valley Bancshares is a bank holding company that operates as a community bank that provides personal and commercial banking products and services. It offers personal, business, and digital banking services. Its services include Checking, Savings, Mobile Banking, Debit and Credit Cards, Online Banking, and Others.
61GF 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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