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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.
Melhus Sparebank's Net-Net Working Capital for the quarter that ended in Jun. 2026 was kr-3,945.66.
The industry rank for Melhus Sparebank's Net-Net Working Capital or its related term are showing as below:
LTS:0F84's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.97 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Melhus Sparebank (LTS:0F84) 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.
Melhus Sparebank Net-Net Working Capital Related Terms
Melhus Sparebank Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Melhus Sparebank'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.
Melhus Sparebank Net-Net Working Capital Competitor Comparison
For the Banks - Regional subindustry, Melhus Sparebank'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.
Melhus Sparebank Price-to-Net-Net-Working-Capital vs Banks Industry
For the Banks industry and Financial Services sector, Melhus Sparebank's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Melhus Sparebank'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 kr-3,945.66 mean?
Melhus Sparebank (LTS:0F84) has a Net-Net Working Capital of kr-3,945.66 as of Jun. 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 Melhus Sparebank According to the industry distribution chart, Melhus Sparebank ranks #999999 out of 9 companies in the Banks industry.
Is Melhus Sparebank's Net-Net Working Capital too high?
Melhus Sparebank's current Net-Net Working Capital is kr-3,945.66. Based on the distribution chart, Melhus Sparebank ranks #999999 out of 9 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Melhus Sparebank has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does Melhus Sparebank's Net-Net Working Capital compare to competitors?
According to the Banks industry distribution chart, Melhus Sparebank ranks #999999 out of 9 companies for Net-Net Working Capital. This places Melhus Sparebank in the lower half of its industry. The industry median Net-Net Working Capital is 1.97. 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 Banks company?
The median Net-Net Working Capital among Banks companies is 1.97, based on 9 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 Melhus Sparebank For the Banks industry, the median Net-Net Working Capital is 1.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melhus Sparebank's current Net-Net Working Capital is kr-3,945.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melhus Sparebank stock overvalued right now?
Melhus Sparebank (LTS:0F84) has a current Net-Net Working Capital of kr-3,945.66. The stock's GF Value™ is kr161.94, compared to a current price of kr184.00 — trading 13.6% above its estimated fair value. The current Net-Net Working Capital is kr-3,945.66. Melhus Sparebank's overall GF Score™ is 48/100 with 5 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 Melhus Sparebank (LTS:0F84), the current Net-Net Working Capital is kr-3,945.66 as of Jun. 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 Melhus Sparebank (LTS:0F84) Overvalued in 2026?
Based on GuruFocus' analysis, Melhus Sparebank stock appears to be overvalued.
The current stock price of kr184.00 is trading 13.6% above its estimated GF Value™ of kr161.94.
Key valuation signals for LTS:0F84:
Net-Net Working Capital: kr-3,945.66
GF Value™: kr161.94 vs. price of kr184.00 (13.6% above fair value)
No single metric tells the full story. See the LTS:0F84 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Melhus Sparebank is a savings bank that offers a range of financial services including loans, savings, advice, insurance and pensions to personal and corporate customers. The Bank also offers credit cards, debit cards, structured products, stock savings, mobile banking and online banking services.
48GF Score
Get the complete analysis for LTS:0F84
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