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InnodataINOD -4.85%85 Net-Net Working Capital is $2.56 as of Jun. 2026. GuruFocus rates INOD with a GF Score™ of 85/100 and a GF Value™ of $57.22 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,258 Software companies, Innodata ranks worse than 85.14% 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.
Innodata's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $2.56.
The industry rank for Innodata's Net-Net Working Capital or its related term are showing as below:
INOD's Price-to-Net-Net-Working-Capital is ranked worse than 85.14% of 1258
companies
in the Software industry
Industry Median: 7.115
vs INOD: 24.34
Innodata (NAS:INOD) 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.
Innodata Net-Net Working Capital Related Terms
Innodata Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Innodata'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.
INOD vs DXC, VNET, CNXC: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, Innodata'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.
Innodata Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Innodata's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Innodata'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 $2.56 mean?
Innodata (INOD) has a Net-Net Working Capital of $2.56 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 Innodata According to the industry distribution chart, Innodata ranks #1071 out of 1258 companies in the Software industry, placing it in the top 85.1%.
Is Innodata's Net-Net Working Capital too high?
Innodata's current Net-Net Working Capital is $2.56. The Software industry median Net-Net Working Capital is 7.12. Innodata's value of $2.56 is 64% below this industry median. Based on the distribution chart, Innodata ranks #1071 out of 1258 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Innodata has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Innodata's Net-Net Working Capital compare to DXC and VNET?
According to the Software industry distribution chart, Innodata ranks #1071 out of 1258 companies for Net-Net Working Capital. This places Innodata in the lower half of its industry. The industry median Net-Net Working Capital is 7.12. Innodata's value of $2.56 is 64% 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 a Software company?
The median Net-Net Working Capital among Software companies is 7.12, based on 1,258 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. Innodata's current Net-Net Working Capital of $2.56 is 64% 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 Innodata For the Software industry, the median Net-Net Working Capital is 7.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innodata's current Net-Net Working Capital is $2.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innodata stock overvalued right now?
Based on GuruFocus' analysis, Innodata (INOD) is currently considered Fairly Valued. The stock's GF Value™ is $57.22, compared to a current price of $62.32 — trading 8.9% above its estimated fair value. The current Net-Net Working Capital is $2.56 and 64% below the Software industry median of 7.12. Innodata's overall GF Score™ is 85/100 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 Innodata (INOD), the current Net-Net Working Capital is $2.56 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 Innodata (INOD) Overvalued in 2026?
Based on GuruFocus' analysis, Innodata stock appears to be overvalued.
The current stock price of $62.32 is trading 8.9% above its estimated GF Value™ of $57.22.
GuruFocus considers Innodata to be Fairly Valued.
Key valuation signals for INOD:
Net-Net Working Capital: $2.56
GF Value™: $57.22 vs. price of $62.32 (8.9% above fair value)
Industry Position: 64% below the Software median (#1071 of 1258)
No single metric tells the full story. See the INOD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innodata Inc is a data engineering company. It is helping companies deploy and integrate AI into their operations and products and providing AI-enabled industry platforms. The Company's operations are classified in three reporting segments: Digital Data Solutions (DDS), Synodex and Agility. Key revenue is generated from DDS segment provides AI data preparation services, collecting or creating training data, annotating training data, and training AI algorithms for its customers, and AI model deployment and integration. It also provides a range of data engineering support services including data transformation, data curation, data hygiene, data consolidation, data extraction, data compliance, and master data management.
85GF Score
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