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GCS HoldingsLUX:GCSH 61 Net-Net Working Capital is $2.23 as of Mar. 2026. GuruFocus rates LUX:GCSH with a GF Score™ of 61/100 and a GF Value™ of $1.71. Among 533 Semiconductors companies, GCS Holdings ranks worse than 75.23% 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.
GCS Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $2.23.
The industry rank for GCS Holdings's Net-Net Working Capital or its related term are showing as below:
LUX:GCSH's Price-to-Net-Net-Working-Capital is ranked worse than 75.23% of 533
companies
in the Semiconductors industry
Industry Median: 10.92
vs LUX:GCSH: 29.09
GCS Holdings (LUX:GCSH) 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.
GCS Holdings Net-Net Working Capital Related Terms
GCS Holdings Net-Net Working Capital Historical Data
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The historical data trend for GCS Holdings'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.
LUX:GCSH vs AMAT, LRCX, KLAC: Net-Net Working Capital Comparison
For the Semiconductor Equipment & Materials subindustry, GCS Holdings'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.
GCS Holdings Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, GCS Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where GCS Holdings'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 $2.23 mean?
GCS Holdings (LUX:GCSH) has a Net-Net Working Capital of $2.23 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 GCS Holdings According to the industry distribution chart, GCS Holdings ranks #401 out of 533 companies in the Semiconductors industry, placing it in the top 75.2%.
Is GCS Holdings' Net-Net Working Capital too high?
GCS Holdings' current Net-Net Working Capital is $2.23. The Semiconductors industry median Net-Net Working Capital is 10.92. GCS Holdings' value of $2.23 is 79.6% below this industry median. Based on the distribution chart, GCS Holdings ranks #401 out of 533 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, GCS Holdings has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does GCS Holdings' Net-Net Working Capital compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, GCS Holdings ranks #401 out of 533 companies for Net-Net Working Capital. This places GCS Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 10.92. GCS Holdings' value of $2.23 is 79.6% below this benchmark. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 10.92, based on 533 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. GCS Holdings's current Net-Net Working Capital of $2.23 is 79.6% below the industry median. 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 GCS Holdings For the Semiconductors industry, the median Net-Net Working Capital is 10.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GCS Holdings's current Net-Net Working Capital is $2.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GCS Holdings stock overvalued right now?
GCS Holdings (LUX:GCSH) has a current Net-Net Working Capital of $2.23. The stock's GF Value™ is $1.71, compared to a current price of $6.40 — trading 274.3% above its estimated fair value. The current Net-Net Working Capital is $2.23 and 79.6% below the Semiconductors industry median of 10.92. GCS Holdings' overall GF Score™ is 61/100. 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 GCS Holdings (LUX:GCSH), the current Net-Net Working Capital is $2.23 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 GCS Holdings (LUX:GCSH) Overvalued in 2026?
Based on GuruFocus' analysis, GCS Holdings stock appears to be overvalued.
The current stock price of $6.40 is trading 274.3% above its estimated GF Value™ of $1.71.
Key valuation signals for LUX:GCSH:
Net-Net Working Capital: $2.23
GF Value™: $1.71 vs. price of $6.40 (274.3% above fair value)
Industry Position: 79.6% below the Semiconductors median (#401 of 533)
No single metric tells the full story. See the LUX:GCSH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GCS Holdings Inc through its subsidiaries, is engaged in the manufacturing of compound semiconductor wafers and foundry-related services as well as the licensing of intellectual property. It is also engaged in the research, development, manufacture, and sales of optoelectronics technology products. Its portfolio offerings include Radio Frequency Integrated Circuits (RFIC) and millimeter-wave integrated circuits for the wireless markets, power devices for power electronics, and Photodetectors and Lasers for the optical communications market. Geographically, the company generates a majority of its revenue from China and the rest from the United States, Taiwan, and other markets.
61GF Score
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