KSFTF (Kingsoft) Net-Net Working Capital: $1.32 (As of Mar. 2026)

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KSFTF Kingsoft Corp Ltd KSFTF
88 GF Score
Price $3.01
GF Value $4.21
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Kingsoft Net-Net Working Capital?

Kingsoft KSFTF 88 Net-Net Working Capital is $1.32 as of Mar. 2026. GuruFocus rates KSFTF with a GF Score™ of 88/100 and a GF Value™ of $4.21 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 302 Interactive Media companies, Kingsoft ranks better than 73.51% 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.

Kingsoft's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $1.32.

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

KSFTF's Price-to-Net-Net-Working-Capital is ranked better than
73.51% of 302 companies
in the Interactive Media industry
Industry Median: 4.55 vs KSFTF: 2.37

Kingsoft  (OTCPK:KSFTF) 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.


Kingsoft Net-Net Working Capital Related Terms


Kingsoft Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Kingsoft'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.

Kingsoft Net-Net Working Capital Chart

Kingsoft 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 0.92 1.01 1.09 1.17 1.47

Kingsoft Quarterly Data
Sep20 Dec20 Jun21 Sep21 Dec21 Jun22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.20 1.34 1.44 1.47 1.32

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

For the Electronic Gaming & Multimedia subindustry, Kingsoft'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.


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

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

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


KSFTF
88GF Score
Kingsoft Corp Ltd KSFTF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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Kingsoft Net-Net Working Capital Calculation

Kingsoft'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)
=(3842.697+0.75 * 111.902+0.5 * 1.791-980.593
-0-935.986)/1369.809
=1.47

Kingsoft's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3839.364+0.75 * 137.675+0.5 * 1.795-1019.626
-0-1115.097)/1370.498
=1.32

* 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 $1.32 mean?
Kingsoft (KSFTF) has a Net-Net Working Capital of $1.32 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 Kingsoft According to the industry distribution chart, Kingsoft ranks #80 out of 302 companies in the Interactive Media industry, placing it in the top 26.5%.
Is Kingsoft's Net-Net Working Capital too high?
Kingsoft's current Net-Net Working Capital is $1.32. The Interactive Media industry median Net-Net Working Capital is 4.55. Kingsoft's value of $1.32 is 71% below this industry median. Based on the distribution chart, Kingsoft ranks #80 out of 302 companies in the Interactive Media industry, which is above the industry midpoint. Overall, Kingsoft has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kingsoft's Net-Net Working Capital compare to NTES and EA?
According to the Interactive Media industry distribution chart, Kingsoft ranks #80 out of 302 companies for Net-Net Working Capital. This puts Kingsoft in the upper half of its industry. The industry median Net-Net Working Capital is 4.55. Kingsoft's value of $1.32 is 71% 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 4.55, 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. Kingsoft's current Net-Net Working Capital of $1.32 is 71% 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 Kingsoft For the Interactive Media industry, the median Net-Net Working Capital is 4.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kingsoft's current Net-Net Working Capital is $1.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kingsoft stock overvalued right now?
Based on GuruFocus' analysis, Kingsoft (KSFTF) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.21, compared to a current price of $3.01 — trading 28.5% below its estimated fair value. The current Net-Net Working Capital is $1.32 and 71% below the Interactive Media industry median of 4.55. Kingsoft's overall GF Score™ is 88/100 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 Kingsoft (KSFTF), the current Net-Net Working Capital is $1.32 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 Kingsoft (KSFTF) Overvalued in 2026?

Based on GuruFocus' analysis, Kingsoft stock appears to be undervalued. The current stock price of $3.01 is trading 28.5% below its estimated GF Value™ of $4.21. GuruFocus considers Kingsoft to be Modestly Undervalued.

Key valuation signals for KSFTF:

  • Net-Net Working Capital: $1.32
  • GF Value™: $4.21 vs. price of $3.01 (28.5% below fair value)
  • GF Score™: 88/100 with 3 warning signs
  • Industry Position: 71% below the Interactive Media median (#80 of 302)

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


Kingsoft Business Description

Other Exchanges 03888:Hong Kong3K1:Germany
Address No. 33 Xierqi Middle Road, Xiaomi Campus, Building D, Haidian District, Beijing, CHN, 100085
Kingsoft Corp Ltd is a Chinese software and Internet services company. The company's operating segment includes entertainment software and others; and office software and services. It generates maximum revenue from the office software and services segment. The office software and services segment engages in the research and development and provision of WPS Office, WPS 365, WPS AI and other office products and services. Geographically, it derives a majority of revenue from Chinese Mainland, and also has its presence in Hong Kong, and Other Countries.
88GF Score

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

$3.01
Price
$4.21
GF Value