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Innovex InternationalINVX -1.46%21 Net-Net Working Capital is $4.02 as of Jun. 2026. GuruFocus rates INVX with a GF Score™ of 21/100. The stock has 5 warning signs investors should review. Among 196 Oil & Gas companies, Innovex International ranks worse than 53.06% 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.
Innovex International's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $4.02.
The industry rank for Innovex International's Net-Net Working Capital or its related term are showing as below:
INVX's Price-to-Net-Net-Working-Capital is ranked worse than 53.06% of 196
companies
in the Oil & Gas industry
Industry Median: 6.27
vs INVX: 7.03
Innovex International (NYSE:INVX) 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.
Innovex International Net-Net Working Capital Related Terms
Innovex International Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Innovex International'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.
Innovex International Net-Net Working Capital Chart
INVX vs NEXT, XPRO, WBI: Net-Net Working Capital Comparison
For the Oil & Gas Equipment & Services subindustry, Innovex International'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.
Innovex International Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Innovex International's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Innovex International'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 $4.02 mean?
Innovex International (INVX) has a Net-Net Working Capital of $4.02 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 Innovex International According to the industry distribution chart, Innovex International ranks #104 out of 196 companies in the Oil & Gas industry, placing it in the top 53.1%.
Is Innovex International's Net-Net Working Capital too high?
Innovex International's current Net-Net Working Capital is $4.02. The Oil & Gas industry median Net-Net Working Capital is 6.27. Innovex International's value of $4.02 is 35.9% below this industry median. Based on the distribution chart, Innovex International ranks #104 out of 196 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Innovex International has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Innovex International's Net-Net Working Capital compare to NEXT and XPRO?
According to the Oil & Gas industry distribution chart, Innovex International ranks #104 out of 196 companies for Net-Net Working Capital. This places Innovex International in the lower half of its industry. The industry median Net-Net Working Capital is 6.27. Innovex International's value of $4.02 is 35.9% 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 Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.27, based on 196 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. Innovex International's current Net-Net Working Capital of $4.02 is 35.9% 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 Innovex International For the Oil & Gas industry, the median Net-Net Working Capital is 6.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovex International's current Net-Net Working Capital is $4.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovex International stock overvalued right now?
Innovex International (INVX) has a current Net-Net Working Capital of $4.02. The current Net-Net Working Capital is $4.02 and 35.9% below the Oil & Gas industry median of 6.27. Innovex International's overall GF Score™ is 21/100 with 5 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 Innovex International (INVX), the current Net-Net Working Capital is $4.02 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.
Innovex International Inc designs, manufactures, sells, and rents mission-critical engineered products to the oil and natural gas industry. Its products are Subsea, Surface Wellheads, Well Construction, Well Completion, Production Solutions, Fishing & Intervention. Its products support upstream onshore and offshore activities. The group's geographic regions are North America, Latin America, Middle East & Asia Pacific, and Europe & Africa.
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