Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Hua Hong Grace SemiconductorHHUSF 64 Net-Net Working Capital is $-1.58 as of Mar. 2026. GuruFocus rates HHUSF with a GF Score™ of 64/100 and a GF Value™ of $3.35 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 533 Semiconductors companies, Hua Hong Grace Semiconductor ranks worse than 187617.07% 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.
The industry rank for Hua Hong Grace Semiconductor's Net-Net Working Capital or its related term are showing as below:
HHUSF's Price-to-Net-Net-Working-Capital is not ranked *
in the Semiconductors industry.
Industry Median: 11.1 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Hua Hong Grace Semiconductor (OTCPK:HHUSF) 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.
Hua Hong Grace Semiconductor Net-Net Working Capital Related Terms
Hua Hong Grace Semiconductor 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.
Hua Hong Grace Semiconductor Net-Net Working Capital Chart
HHUSF vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Hua Hong Grace Semiconductor'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.
Hua Hong Grace Semiconductor Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Hua Hong Grace Semiconductor's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Hua Hong Grace Semiconductor'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 $-1.58 mean?
Hua Hong Grace Semiconductor (HHUSF) has a Net-Net Working Capital of $-1.58 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 Hua Hong Grace Semiconductor According to the industry distribution chart, Hua Hong Grace Semiconductor ranks #999999 out of 533 companies in the Semiconductors industry.
Is Hua Hong Grace Semiconductor's Net-Net Working Capital too high?
Hua Hong Grace Semiconductor's current Net-Net Working Capital is $-1.58. Based on the distribution chart, Hua Hong Grace Semiconductor ranks #999999 out of 533 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Hua Hong Grace Semiconductor has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hua Hong Grace Semiconductor's Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Hua Hong Grace Semiconductor ranks #999999 out of 533 companies for Net-Net Working Capital. This places Hua Hong Grace Semiconductor in the lower half of its industry. The industry median Net-Net Working Capital is 11.10. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.10, based on 533 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 Hua Hong Grace Semiconductor For the Semiconductors industry, the median Net-Net Working Capital is 11.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hua Hong Grace Semiconductor's current Net-Net Working Capital is $-1.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hua Hong Grace Semiconductor stock overvalued right now?
Based on GuruFocus' analysis, Hua Hong Grace Semiconductor (HHUSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.35, compared to a current price of $17.55 — trading 423.9% above its estimated fair value. The current Net-Net Working Capital is $-1.58. Hua Hong Grace Semiconductor's overall GF Score™ is 64/100 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 Hua Hong Grace Semiconductor (HHUSF), the current Net-Net Working Capital is $-1.58 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 Hua Hong Grace Semiconductor (HHUSF) Overvalued in 2026?
Based on GuruFocus' analysis, Hua Hong Grace Semiconductor stock appears to be overvalued.
The current stock price of $17.55 is trading 423.9% above its estimated GF Value™ of $3.35.
GuruFocus considers Hua Hong Grace Semiconductor to be Significantly Overvalued.
Key valuation signals for HHUSF:
Net-Net Working Capital: $-1.58
GF Value™: $3.35 vs. price of $17.55 (423.9% above fair value)
No single metric tells the full story. See the HHUSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hua Hong Semiconductor, or Hua Hong, is the second-largest Chinese foundry and the seventh-largest globally. Its current form is a result of an intragroup restructuring completed in 2013. Hua Hong is headquartered in Shanghai with another plant in Wuxi, China, and has sales offices in Japan, Taiwan, and the US. It employs more than 7,628 employees as of Dec. 31, 2025. Hua Hong's products are used on smartphones, PCs, for the Internet of Things, data centers, and for automotive and industrial purposes, among others, but it focuses on more mature process technologies.
64GF Score
Get the complete analysis for HHUSF
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HHUSF has been successfully added to your 
