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HORNBACH Baumarkt AGLTS:0ENN 16 Net-Net Working Capital is €-60.73 as of Feb. 2026. GuruFocus rates LTS:0ENN with a GF Score™ of 16/100 and a GF Value™ of €61.45 (Fairly Valued). The stock has 3 warning signs investors should review. Among 321 Retail - Cyclical companies, HORNBACH Baumarkt AG ranks worse than 311526.17% 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.
HORNBACH Baumarkt AG's Net-Net Working Capital for the quarter that ended in Feb. 2026 was €-60.73.
The industry rank for HORNBACH Baumarkt AG's Net-Net Working Capital or its related term are showing as below:
LTS:0ENN's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.23 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
HORNBACH Baumarkt AG (LTS:0ENN) 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.
HORNBACH Baumarkt AG Net-Net Working Capital Related Terms
HORNBACH Baumarkt AG Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for HORNBACH Baumarkt AG'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.
HORNBACH Baumarkt AG Net-Net Working Capital Chart
LTS:0ENN vs HD, LOW, FND: Net-Net Working Capital Comparison
For the Home Improvement Retail subindustry, HORNBACH Baumarkt AG'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.
HORNBACH Baumarkt AG Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, HORNBACH Baumarkt AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where HORNBACH Baumarkt AG'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 €-60.73 mean?
HORNBACH Baumarkt AG (LTS:0ENN) has a Net-Net Working Capital of €-60.73 as of Feb. 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 HORNBACH Baumarkt AG According to the industry distribution chart, HORNBACH Baumarkt AG ranks #999999 out of 321 companies in the Retail - Cyclical industry.
Is HORNBACH Baumarkt AG's Net-Net Working Capital too high?
HORNBACH Baumarkt AG's current Net-Net Working Capital is €-60.73. Based on the distribution chart, HORNBACH Baumarkt AG ranks #999999 out of 321 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, HORNBACH Baumarkt AG has a GF Score™ of 16/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HORNBACH Baumarkt AG's Net-Net Working Capital compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, HORNBACH Baumarkt AG ranks #999999 out of 321 companies for Net-Net Working Capital. This places HORNBACH Baumarkt AG in the lower half of its industry. The industry median Net-Net Working Capital is 6.23. 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.23, based on 321 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 HORNBACH Baumarkt AG For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HORNBACH Baumarkt AG's current Net-Net Working Capital is €-60.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HORNBACH Baumarkt AG stock overvalued right now?
Based on GuruFocus' analysis, HORNBACH Baumarkt AG (LTS:0ENN) is currently considered Fairly Valued. The stock's GF Value™ is €61.45, compared to a current price of €62.50 — trading 1.7% above its estimated fair value. The current Net-Net Working Capital is €-60.73. HORNBACH Baumarkt AG's overall GF Score™ is 16/100 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 HORNBACH Baumarkt AG (LTS:0ENN), the current Net-Net Working Capital is €-60.73 as of Feb. 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 HORNBACH Baumarkt AG (LTS:0ENN) Overvalued in 2026?
Based on GuruFocus' analysis, HORNBACH Baumarkt AG stock appears to be overvalued.
The current stock price of €62.50 is trading 1.7% above its estimated GF Value™ of €61.45.
GuruFocus considers HORNBACH Baumarkt AG to be Fairly Valued.
Key valuation signals for LTS:0ENN:
Net-Net Working Capital: €-60.73
GF Value™: €61.45 vs. price of €62.50 (1.7% above fair value)
No single metric tells the full story. See the LTS:0ENN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HORNBACH Baumarkt AG is a German company that operates megastores and offers do-it-yourself (DIY), home improvement, and gardening products. The company also operates in other European countries, including Austria, the Netherlands, the Czech Republic, Switzerland, and Romania. The company conducts its activities through its Retail and Real estate segments. The Retail segment operates DIY megastores and garden centers, while the Real estate segment focuses on retail properties. The stores' product range includes hardware/electrical, paint/wallpaper/flooring, construction materials, sanitary tiles, and garden products. The majority of the company's sales are derived from its retail segment.
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