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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.
Inter RAO UES PJSC's Net-Net Working Capital for the quarter that ended in Dec. 2023 was $3.33.
The industry rank for Inter RAO UES PJSC's Net-Net Working Capital or its related term are showing as below:
LSE:IRAA's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Regulated industry.
Industry Median: 4.915 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Inter RAO UES PJSC (LSE:IRAA) 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.
Inter RAO UES PJSC Net-Net Working Capital Related Terms
Inter RAO UES PJSC Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Inter RAO UES PJSC'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.
LSE:IRAA vs NEE, SO, DUK: Net-Net Working Capital Comparison
For the Utilities - Regulated Electric subindustry, Inter RAO UES PJSC'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.
Inter RAO UES PJSC Price-to-Net-Net-Working-Capital vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Inter RAO UES PJSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Inter RAO UES PJSC'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 $3.33 mean?
Inter RAO UES PJSC (LSE:IRAA) has a Net-Net Working Capital of $3.33 as of Dec. 2023. 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 Inter RAO UES PJSC
Is Inter RAO UES PJSC's Net-Net Working Capital too high?
Inter RAO UES PJSC's current Net-Net Working Capital is $3.33. The Utilities - Regulated industry median Net-Net Working Capital is 4.92. Inter RAO UES PJSC's value of $3.33 is 32.2% below this industry median. Overall, Inter RAO UES PJSC has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Inter RAO UES PJSC's Net-Net Working Capital compare to NEE and SO?
Inter RAO UES PJSC's Net-Net Working Capital of $3.33 can be compared against companies in the Utilities - Regulated industry. The industry median Net-Net Working Capital is 4.92. Inter RAO UES PJSC's value of $3.33 is 32.2% 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 Utilities - Regulated company?
The median Net-Net Working Capital among Utilities - Regulated companies is 4.92, based on 62 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. Inter RAO UES PJSC's current Net-Net Working Capital of $3.33 is 32.2% 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 Inter RAO UES PJSC For the Utilities - Regulated industry, the median Net-Net Working Capital is 4.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inter RAO UES PJSC's current Net-Net Working Capital is $3.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inter RAO UES PJSC stock overvalued right now?
Inter RAO UES PJSC (LSE:IRAA) has a current Net-Net Working Capital of $3.33. The current Net-Net Working Capital is $3.33 and 32.2% below the Utilities - Regulated industry median of 4.92. Inter RAO UES PJSC's overall GF Score™ is 17/100 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 Inter RAO UES PJSC (LSE:IRAA), the current Net-Net Working Capital is $3.33 as of Dec. 2023. 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.
Inter RAO UES PJSC is a Russian energy holding company of which the Russian Federation owns a majority interest. The principal activity of the company is the ownership of interests in subsidiaries operating in the energy industry throughout Russia and much of Eastern Europe. Through its subsidiaries, Inter RAO UES is involved in the production, supply, distribution, sale, import, and export of electricity and thermal energy. The company segments itself into Supply, Electric Power Generation in the Russian Federation, Thermal Power Generation in the Russian Federation, Trading, Foreign Assets, and Engineering business units. The Supply division encompasses most of the company's income.
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