Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Paragon GmbH KGaA's Net-Net Working Capital for the quarter that ended in Sep. 2025 was €-19.59.
The industry rank for Paragon GmbH KGaA's Net-Net Working Capital or its related term are showing as below:
LTS:0NFG's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.875 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Paragon GmbH KGaA (LTS:0NFG) 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.
Paragon GmbH KGaA Net-Net Working Capital Related Terms
Paragon GmbH KGaA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Paragon GmbH KGaA'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.
LTS:0NFG vs ORLY, AZO, GPC: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Paragon GmbH KGaA'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.
Paragon GmbH KGaA Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Paragon GmbH KGaA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Paragon GmbH KGaA'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 €-19.59 mean?
Paragon GmbH KGaA (LTS:0NFG) has a Net-Net Working Capital of €-19.59 as of Sep. 2025. 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 Paragon GmbH KGaA According to the industry distribution chart, Paragon GmbH KGaA ranks #999999 out of 374 companies in the Vehicles & Parts industry.
Is Paragon GmbH KGaA's Net-Net Working Capital too high?
Paragon GmbH KGaA's current Net-Net Working Capital is €-19.59. Based on the distribution chart, Paragon GmbH KGaA ranks #999999 out of 374 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Paragon GmbH KGaA has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Paragon GmbH KGaA's Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Paragon GmbH KGaA ranks #999999 out of 374 companies for Net-Net Working Capital. This places Paragon GmbH KGaA in the lower half of its industry. The industry median Net-Net Working Capital is 7.88. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 7.88, based on 374 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 Paragon GmbH KGaA For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paragon GmbH KGaA's current Net-Net Working Capital is €-19.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paragon GmbH KGaA stock overvalued right now?
Paragon GmbH KGaA (LTS:0NFG) has a current Net-Net Working Capital of €-19.59. The stock's GF Value™ is €2.45, compared to a current price of €1.62 — trading 33.9% below its estimated fair value. The current Net-Net Working Capital is €-19.59. Paragon GmbH KGaA's overall GF Score™ is 17/100 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 Paragon GmbH KGaA (LTS:0NFG), the current Net-Net Working Capital is €-19.59 as of Sep. 2025. 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 Paragon GmbH KGaA (LTS:0NFG) Overvalued in 2026?
Based on GuruFocus' analysis, Paragon GmbH KGaA stock appears to be undervalued.
The current stock price of €1.62 is trading 33.9% below its estimated GF Value™ of €2.45.
Key valuation signals for LTS:0NFG:
Net-Net Working Capital: €-19.59
GF Value™: €2.45 vs. price of €1.62 (33.9% below fair value)
No single metric tells the full story. See the LTS:0NFG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paragon GmbH & Co KGaA develops and manufactures electronic components and sensors for the automotive industry. The business activity of the firm is operated in two segments namely Electronics and Mechanics. The Electronics segment that derives the majority of revenue sells air-quality sensors, high-end acoustic systems, and display instruments. The Mechanics segment focuses on adjustable body components such as adaptively extendable spoilers. Geographically all the activity of the firm functions through Germany, however, it also holds a presence at the international level.
17GF Score
Get the complete analysis for LTS:0NFG
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LTS:0NFG has been successfully added to your 
