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SynecticsLSE:SNX 69 Net-Net Working Capital is £0.25 as of May. 2026. GuruFocus rates LSE:SNX with a GF Score™ of 69/100 and a GF Value™ of £2.16 (Fairly Valued). The stock has 3 warning signs investors should review. Among 439 Business Services companies, Synectics ranks worse than 61.5% 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.
Synectics's Net-Net Working Capital for the quarter that ended in May. 2026 was £0.25.
The industry rank for Synectics's Net-Net Working Capital or its related term are showing as below:
LSE:SNX's Price-to-Net-Net-Working-Capital is ranked worse than 61.5% of 439
companies
in the Business Services industry
Industry Median: 5.57
vs LSE:SNX: 7.90
Synectics (LSE:SNX) 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.
Synectics Net-Net Working Capital Related Terms
Synectics Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Synectics'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:SNX vs ALLE, MSA, ADT: Net-Net Working Capital Comparison
For the Security & Protection Services subindustry, Synectics'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.
Synectics Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Synectics's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Synectics'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 £0.25 mean?
Synectics (LSE:SNX) has a Net-Net Working Capital of £0.25 as of May. 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 Synectics According to the industry distribution chart, Synectics ranks #270 out of 439 companies in the Business Services industry, placing it in the top 61.5%.
Is Synectics' Net-Net Working Capital too high?
Synectics' current Net-Net Working Capital is £0.25. Based on the distribution chart, Synectics ranks #270 out of 439 companies in the Business Services industry, which is below the industry midpoint. Overall, Synectics has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Synectics' Net-Net Working Capital compare to ALLE and MSA?
According to the Business Services industry distribution chart, Synectics ranks #270 out of 439 companies for Net-Net Working Capital. This places Synectics in the lower half of its industry. The industry median Net-Net Working Capital is 5.57. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.57, based on 439 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 Synectics For the Business Services industry, the median Net-Net Working Capital is 5.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synectics's current Net-Net Working Capital is £0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synectics stock overvalued right now?
Based on GuruFocus' analysis, Synectics (LSE:SNX) is currently considered Fairly Valued. The stock's GF Value™ is £2.16, compared to a current price of £1.98 — trading 8.6% below its estimated fair value. The current Net-Net Working Capital is £0.25. Synectics' overall GF Score™ is 69/100 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 Synectics (LSE:SNX), the current Net-Net Working Capital is £0.25 as of May. 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 Synectics (LSE:SNX) Overvalued in 2026?
Based on GuruFocus' analysis, Synectics stock appears to be undervalued.
The current stock price of £1.98 is trading 8.6% below its estimated GF Value™ of £2.16.
GuruFocus considers Synectics to be Fairly Valued.
Key valuation signals for LSE:SNX:
Net-Net Working Capital: £0.25
GF Value™: £2.16 vs. price of £1.98 (8.6% below fair value)
No single metric tells the full story. See the LSE:SNX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Synectics PLC is a UK-based company, which operates in the security and surveillance systems. It business of the group is operated through Synectic Systems which develops and delivers its proprietary, technology-led solutions to specialist markets globally including oil & gas, gaming, transport, critical infrastructure, and public space through local systems integrators and channel partners; and Ocular segment which delivers integrated solutions, service, and support directly to end-users in the UK and Ireland principally within public space, transport, and national infrastructure utilising a combination of proprietary technology and third-party products.
69GF Score
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