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Sif Holding NVLTS:0RHT -3.57%63 Net-Net Working Capital is €-13.24 as of Dec. 2025. GuruFocus rates LTS:0RHT with a GF Score™ of 63/100 and a GF Value™ of €15.96 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,361 Industrial Products companies, Sif Holding NV ranks worse than 73475.31% 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.
Sif Holding NV's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €-13.24.
The industry rank for Sif Holding NV's Net-Net Working Capital or its related term are showing as below:
LTS:0RHT's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 7.81 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Sif Holding NV (LTS:0RHT) 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.
Sif Holding NV Net-Net Working Capital Related Terms
Sif Holding NV Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Sif Holding NV'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:0RHT vs CRS, ATI, MLI: Net-Net Working Capital Comparison
For the Metal Fabrication subindustry, Sif Holding NV'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.
Sif Holding NV Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Sif Holding NV's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sif Holding NV'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 €-13.24 mean?
Sif Holding NV (LTS:0RHT) has a Net-Net Working Capital of €-13.24 as of Dec. 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 Sif Holding NV According to the industry distribution chart, Sif Holding NV ranks #999999 out of 1361 companies in the Industrial Products industry.
Is Sif Holding NV's Net-Net Working Capital too high?
Sif Holding NV's current Net-Net Working Capital is €-13.24. Based on the distribution chart, Sif Holding NV ranks #999999 out of 1361 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Sif Holding NV has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sif Holding NV's Net-Net Working Capital compare to CRS and ATI?
According to the Industrial Products industry distribution chart, Sif Holding NV ranks #999999 out of 1361 companies for Net-Net Working Capital. This places Sif Holding NV in the lower half of its industry. The industry median Net-Net Working Capital is 7.81. 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.81, based on 1,361 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 Sif Holding NV For the Industrial Products industry, the median Net-Net Working Capital is 7.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sif Holding NV's current Net-Net Working Capital is €-13.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sif Holding NV stock overvalued right now?
Based on GuruFocus' analysis, Sif Holding NV (LTS:0RHT) is currently considered Possible Value Trap. The stock's GF Value™ is €15.96, compared to a current price of €4.06 — trading 74.6% below its estimated fair value. The current Net-Net Working Capital is €-13.24. Sif Holding NV's overall GF Score™ is 63/100 with 6 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 Sif Holding NV (LTS:0RHT), the current Net-Net Working Capital is €-13.24 as of Dec. 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 Sif Holding NV (LTS:0RHT) Overvalued in 2026?
Based on GuruFocus' analysis, Sif Holding NV stock appears to be undervalued.
The current stock price of €4.06 is trading 74.6% below its estimated GF Value™ of €15.96.
GuruFocus considers Sif Holding NV to be Possible Value Trap.
Key valuation signals for LTS:0RHT:
Net-Net Working Capital: €-13.24
GF Value™: €15.96 vs. price of €4.06 (74.6% below fair value)
No single metric tells the full story. See the LTS:0RHT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sif Holding NV is engaged in the manufacturing of foundation piles for offshore wind farms and metal structures, parts of metal structures, pipes, pipe structures, and components for the offshore industry. The company's operating segment includes i) Wind: It produces and delivers monopiles and transition pieces for the off-shore wind industry, ii) OSS: It produces offshore steel structures, iii) Marshalling: It includes renting-out of logistical area and facilities and the delivery of logistical services to customers and iv) Other: It includes mainly engineering services, licensing fees and operational lease income for the windmill on the Group's site in Rotterdam. It generates maximum revenue from the Wind segment. Geographically, it derives the majority of revenue from the Netherlands.
63GF Score
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