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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.
Vodatel Networks Holdings's Net-Net Working Capital for the quarter that ended in Jun. 2026 was HK$-0.11.
The industry rank for Vodatel Networks Holdings's Net-Net Working Capital or its related term are showing as below:
HKSE:08033's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 6.88 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Vodatel Networks Holdings (HKSE:08033) 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.
Vodatel Networks Holdings Net-Net Working Capital Related Terms
Vodatel Networks Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Vodatel Networks Holdings'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.
Vodatel Networks Holdings Net-Net Working Capital Chart
HKSE:08033 vs IBM, ACN, CTSH: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, Vodatel Networks Holdings'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.
Vodatel Networks Holdings Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Vodatel Networks Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Vodatel Networks Holdings'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 HK$-0.11 mean?
Vodatel Networks Holdings (HKSE:08033) has a Net-Net Working Capital of HK$-0.11 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Vodatel Networks Holdings According to the industry distribution chart, Vodatel Networks Holdings ranks #999999 out of 1217 companies in the Software industry.
Is Vodatel Networks Holdings' Net-Net Working Capital too high?
Vodatel Networks Holdings' current Net-Net Working Capital is HK$-0.11. Based on the distribution chart, Vodatel Networks Holdings ranks #999999 out of 1217 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Vodatel Networks Holdings has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vodatel Networks Holdings' Net-Net Working Capital compare to IBM and ACN?
According to the Software industry distribution chart, Vodatel Networks Holdings ranks #999999 out of 1217 companies for Net-Net Working Capital. This places Vodatel Networks Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 6.88. 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 Software company?
The median Net-Net Working Capital among Software companies is 6.88, based on 1,217 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 Vodatel Networks Holdings For the Software industry, the median Net-Net Working Capital is 6.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vodatel Networks Holdings's current Net-Net Working Capital is HK$-0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vodatel Networks Holdings stock overvalued right now?
Based on GuruFocus' analysis, Vodatel Networks Holdings (HKSE:08033) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$0.12, compared to a current price of HK$0.11 — trading 11.7% below its estimated fair value. The current Net-Net Working Capital is HK$-0.11. Vodatel Networks Holdings' overall GF Score™ is 48/100 with 3 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 Vodatel Networks Holdings (HKSE:08033), the current Net-Net Working Capital is HK$-0.11 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 Vodatel Networks Holdings (HKSE:08033) Overvalued in 2026?
Based on GuruFocus' analysis, Vodatel Networks Holdings stock appears to be undervalued.
The current stock price of HK$0.11 is trading 11.7% below its estimated GF Value™ of HK$0.12.
GuruFocus considers Vodatel Networks Holdings to be Modestly Undervalued.
Key valuation signals for HKSE:08033:
Net-Net Working Capital: HK$-0.11
GF Value™: HK$0.12 vs. price of HK$0.11 (11.7% below fair value)
No single metric tells the full story. See the HKSE:08033 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vodatel Networks Holdings Ltd is engaged in the design, supply, implementation, and maintenance of turnkey solutions in the areas of IT, networks, and surveillance, and in the development of customized software for its customers. It operates through the two reportable segments of Design, sale, and implementation of network and systems infrastructure, customer data automation, customization, and integration, and provision of technical support services in Mainland China, and Design, sale, and implementation of network and systems infrastructure, customer data automation, customization, and integration, and provision of technical support services Hong Kong and Macao, and CNMS segment which is engaged in software consultancy services in PRC.
48GF Score
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