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Napatech ASLTS:0QJ4 +3.74%53 Net-Net Working Capital is kr1.38 as of Mar. 2026. GuruFocus rates LTS:0QJ4 with a GF Score™ of 53/100 and a GF Value™ of kr25.26 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,173 Hardware companies, Napatech AS ranks worse than 80.65% 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.
Napatech AS's Net-Net Working Capital for the quarter that ended in Mar. 2026 was kr1.38.
The industry rank for Napatech AS's Net-Net Working Capital or its related term are showing as below:
LTS:0QJ4's Price-to-Net-Net-Working-Capital is ranked worse than 80.65% of 1173
companies
in the Hardware industry
Industry Median: 8.8
vs LTS:0QJ4: 30.14
Napatech AS (LTS:0QJ4) 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.
Napatech AS Net-Net Working Capital Related Terms
Napatech AS Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Napatech AS'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:0QJ4 vs CSCO, MSI, HPE: Net-Net Working Capital Comparison
For the Communication Equipment subindustry, Napatech AS'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.
Napatech AS Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Napatech AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Napatech AS'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 kr1.38 mean?
Napatech AS (LTS:0QJ4) has a Net-Net Working Capital of kr1.38 as of Mar. 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 Napatech AS According to the industry distribution chart, Napatech AS ranks #946 out of 1173 companies in the Hardware industry, placing it in the top 80.6%.
Is Napatech AS's Net-Net Working Capital too high?
Napatech AS's current Net-Net Working Capital is kr1.38. Based on the distribution chart, Napatech AS ranks #946 out of 1173 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Napatech AS has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Napatech AS's Net-Net Working Capital compare to CSCO and MSI?
According to the Hardware industry distribution chart, Napatech AS ranks #946 out of 1173 companies for Net-Net Working Capital. This places Napatech AS in the lower half of its industry. The industry median Net-Net Working Capital is 8.80. 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 8.80, based on 1,173 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 Napatech AS For the Hardware industry, the median Net-Net Working Capital is 8.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Napatech AS's current Net-Net Working Capital is kr1.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Napatech AS stock overvalued right now?
Based on GuruFocus' analysis, Napatech AS (LTS:0QJ4) is currently considered Significantly Overvalued. The stock's GF Value™ is kr25.26, compared to a current price of kr41.60 — trading 64.7% above its estimated fair value. The current Net-Net Working Capital is kr1.38. Napatech AS's overall GF Score™ is 53/100 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 Napatech AS (LTS:0QJ4), the current Net-Net Working Capital is kr1.38 as of Mar. 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 Napatech AS (LTS:0QJ4) Overvalued in 2026?
Based on GuruFocus' analysis, Napatech AS stock appears to be overvalued.
The current stock price of kr41.60 is trading 64.7% above its estimated GF Value™ of kr25.26.
GuruFocus considers Napatech AS to be Significantly Overvalued.
Key valuation signals for LTS:0QJ4:
Net-Net Working Capital: kr1.38
GF Value™: kr25.26 vs. price of kr41.60 (64.7% above fair value)
No single metric tells the full story. See the LTS:0QJ4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Napatech AS is a tech company. It enhances open and standard virtualized servers to boost innovation and release valuable computing resources that improve services and increase revenue. The Group manufactures and sells network adapters to end-users and through third-party channel partners. It derives the maximum of its revenue from the Americas.
53GF Score
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