IGG (IGGGF) Net-Net Working Capital: $0.16 (As of Dec. 2025)

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IGGGF IGG Inc IGGGF
48 GF Score
Price $0.43
GF Value $0.50
Valuation Modestly Undervalued
! 1 Warning Sign
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What is IGG Net-Net Working Capital?

IGG IGGGF 48 Net-Net Working Capital is $0.16 as of Dec. 2025. GuruFocus rates IGGGF with a GF Score™ of 48/100 and a GF Value™ of $0.50 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 302 Interactive Media companies, IGG ranks better than 70.2% 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.

IGG's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $0.16.

The industry rank for IGG's Net-Net Working Capital or its related term are showing as below:

IGGGF's Price-to-Net-Net-Working-Capital is ranked better than
70.2% of 302 companies
in the Interactive Media industry
Industry Median: 4.615 vs IGGGF: 2.87

IGG  (OTCPK:IGGGF) 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.


IGG Net-Net Working Capital Related Terms


IGG Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for IGG'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.

IGG Net-Net Working Capital Chart

IGG Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.07 0.06 0.12 0.16

IGG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.06 0.11 0.12 0.16 0.16

IGGGF vs NTES, EA, TTWO: Net-Net Working Capital Comparison

For the Electronic Gaming & Multimedia subindustry, IGG'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.


IGG Price-to-Net-Net-Working-Capital vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, IGG's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where IGG's Price-to-Net-Net-Working-Capital falls into.


IGGGF
48GF Score
IGG Inc IGGGF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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IGG Net-Net Working Capital Calculation

IGG's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(315.509+0.75 * 15.299+0.5 * 0.687-151.346
-0-2.584)/1117.761
=0.16

IGG's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(315.509+0.75 * 15.299+0.5 * 0.687-151.346
-0-2.584)/1117.761
=0.16

* 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 $0.16 mean?
IGG (IGGGF) has a Net-Net Working Capital of $0.16 as of Dec. 2025. 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 IGG According to the industry distribution chart, IGG ranks #90 out of 302 companies in the Interactive Media industry, placing it in the top 29.8%.
Is IGG's Net-Net Working Capital too high?
IGG's current Net-Net Working Capital is $0.16. The Interactive Media industry median Net-Net Working Capital is 4.62. IGG's value of $0.16 is 96.5% below this industry median. Based on the distribution chart, IGG ranks #90 out of 302 companies in the Interactive Media industry, which is above the industry midpoint. Overall, IGG has a GF Score™ of 48/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IGG's Net-Net Working Capital compare to NTES and EA?
According to the Interactive Media industry distribution chart, IGG ranks #90 out of 302 companies for Net-Net Working Capital. This puts IGG in the upper half of its industry. The industry median Net-Net Working Capital is 4.62. IGG's value of $0.16 is 96.5% 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 an Interactive Media company?
The median Net-Net Working Capital among Interactive Media companies is 4.62, based on 302 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. IGG's current Net-Net Working Capital of $0.16 is 96.5% 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 IGG For the Interactive Media industry, the median Net-Net Working Capital is 4.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IGG's current Net-Net Working Capital is $0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IGG stock overvalued right now?
Based on GuruFocus' analysis, IGG (IGGGF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.50, compared to a current price of $0.43 — trading 14% below its estimated fair value. The current Net-Net Working Capital is $0.16 and 96.5% below the Interactive Media industry median of 4.62. IGG's overall GF Score™ is 48/100 with 1 warning sign 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 IGG (IGGGF), the current Net-Net Working Capital is $0.16 as of Dec. 2025. 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 IGG (IGGGF) Overvalued in 2026?

Based on GuruFocus' analysis, IGG stock appears to be undervalued. The current stock price of $0.43 is trading 14% below its estimated GF Value™ of $0.50. GuruFocus considers IGG to be Modestly Undervalued.

Key valuation signals for IGGGF:

  • Net-Net Working Capital: $0.16
  • GF Value™: $0.50 vs. price of $0.43 (14% below fair value)
  • GF Score™: 48/100 with 1 warning sign
  • Industry Position: 96.5% below the Interactive Media median (#90 of 302)

No single metric tells the full story. See the IGGGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IGG Business Description

Other Exchanges 00799:Hong KongI91:Germany
Address 20 Pasir Panjang Road, No. 11-28 Mapletree Business City, Singapore, SGP, 117439
IGG Inc develops, markets, and publishes mobile online games. Alongwith Singapore, the company also operates in the United States, China, Canada, Japan, Korea, Thailand, Philippines, and other regions. The company offers free-to-play mobile, browser, and client-based online games. The company operates through its mobile games and applications, which comprises of the company's overall revenue. Some of its notable games include Lords Mobile, Doomsday, Viking Rise, Fate War, and others. Majority of its revenue is derived from Asia.
48GF Score

Get the complete analysis for IGGGF

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.43
Price
$0.50
GF Value