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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.
KRSOF's Price-to-Net-Net-Working-Capital is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 6.95 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Karsan Otomotivnayii Ve Ticaret AS (OTCPK:KRSOF) 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.
Karsan Otomotivnayii Ve Ticaret AS Net-Net Working Capital Related Terms
Karsan Otomotivnayii Ve Ticaret AS 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.
Karsan Otomotivnayii Ve Ticaret AS Net-Net Working Capital Chart
KRSOF vs CAT, DE, PCAR: Net-Net Working Capital Comparison
For the Farm & Heavy Construction Machinery subindustry, Karsan Otomotivnayii Ve Ticaret AS'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.
Karsan Otomotivnayii Ve Ticaret AS Price-to-Net-Net-Working-Capital vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Karsan Otomotivnayii Ve Ticaret AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Karsan Otomotivnayii Ve Ticaret AS'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 $-0.19 mean?
Karsan Otomotivnayii Ve Ticaret AS (KRSOF) has a Net-Net Working Capital of $-0.19 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 Karsan Otomotivnayii Ve Ticaret AS According to the industry distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #999999 out of 73 companies in the Farm & Heavy Construction Machinery industry.
Is Karsan Otomotivnayii Ve Ticaret AS's Net-Net Working Capital too high?
Karsan Otomotivnayii Ve Ticaret AS's current Net-Net Working Capital is $-0.19. Based on the distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #999999 out of 73 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Karsan Otomotivnayii Ve Ticaret AS has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Karsan Otomotivnayii Ve Ticaret AS's Net-Net Working Capital compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Karsan Otomotivnayii Ve Ticaret AS ranks #999999 out of 73 companies for Net-Net Working Capital. This places Karsan Otomotivnayii Ve Ticaret AS in the lower half of its industry. The industry median Net-Net Working Capital is 6.95. 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 Farm & Heavy Construction Machinery company?
The median Net-Net Working Capital among Farm & Heavy Construction Machinery companies is 6.95, based on 73 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 Karsan Otomotivnayii Ve Ticaret AS For the Farm & Heavy Construction Machinery industry, the median Net-Net Working Capital is 6.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karsan Otomotivnayii Ve Ticaret AS's current Net-Net Working Capital is $-0.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karsan Otomotivnayii Ve Ticaret AS stock overvalued right now?
Karsan Otomotivnayii Ve Ticaret AS (KRSOF) has a current Net-Net Working Capital of $-0.19. The stock's GF Value™ is $0.40, compared to a current price of $0.22 — trading 45.8% below its estimated fair value. The current Net-Net Working Capital is $-0.19. Karsan Otomotivnayii Ve Ticaret AS's overall GF Score™ is 58/100 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 Karsan Otomotivnayii Ve Ticaret AS (KRSOF), the current Net-Net Working Capital is $-0.19 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 Karsan Otomotivnayii Ve Ticaret AS (KRSOF) Overvalued in 2026?
Based on GuruFocus' analysis, Karsan Otomotivnayii Ve Ticaret AS stock appears to be undervalued.
The current stock price of $0.22 is trading 45.8% below its estimated GF Value™ of $0.40.
Key valuation signals for KRSOF:
Net-Net Working Capital: $-0.19
GF Value™: $0.40 vs. price of $0.22 (45.8% below fair value)
No single metric tells the full story. See the KRSOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Karsan Otomotivnayii Ve Ticaret AS Business Description
Karsan Otomotiv Sanayii Ve Ticaret AS is engaged in production, import and export of motor vehicles to automotive brands. It provides industrial services to automotive companies and its activities include the production of spare parts for automotive and other vehicles. The operating segments are Bus segment reports production of buses for municipalities, Karsan segment reports the production of commercial vehicles with its own brand, Spare Parts segment represents the production of spare parts and Industrial Sales segment reports the cataphoresis processes and tractor cabin. The group operates in Turkey and internationally and generates the majority of the revenue from the Hyundai segment.
58GF Score
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