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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.
LUX:SYNEX's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 9.03 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Synnex Technology International (LUX:SYNEX) 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.
Synnex Technology International Net-Net Working Capital Related Terms
Synnex Technology International Net-Net Working Capital Historical Data
* 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.
Synnex Technology International Net-Net Working Capital Chart
LUX:SYNEX vs SNX, ARW, AVT: Net-Net Working Capital Comparison
For the Electronics & Computer Distribution subindustry, Synnex Technology International'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.
Synnex Technology International Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Synnex Technology International's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Synnex Technology International'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 $-3.38 mean?
Synnex Technology International (LUX:SYNEX) has a Net-Net Working Capital of $-3.38 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 Synnex Technology International According to the industry distribution chart, Synnex Technology International ranks #999999 out of 1193 companies in the Hardware industry.
Is Synnex Technology International's Net-Net Working Capital too high?
Synnex Technology International's current Net-Net Working Capital is $-3.38. Based on the distribution chart, Synnex Technology International ranks #999999 out of 1193 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Synnex Technology International has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Synnex Technology International's Net-Net Working Capital compare to SNX and ARW?
According to the Hardware industry distribution chart, Synnex Technology International ranks #999999 out of 1193 companies for Net-Net Working Capital. This places Synnex Technology International in the lower half of its industry. The industry median Net-Net Working Capital is 9.03. 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 9.03, based on 1,193 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 Synnex Technology International For the Hardware industry, the median Net-Net Working Capital is 9.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synnex Technology International's current Net-Net Working Capital is $-3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synnex Technology International stock overvalued right now?
Synnex Technology International (LUX:SYNEX) has a current Net-Net Working Capital of $-3.38. The stock's GF Value™ is $8.51, compared to a current price of $9.05 — trading 6.3% above its estimated fair value. The current Net-Net Working Capital is $-3.38. Synnex Technology International's overall GF Score™ is 77/100 with 8 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 Synnex Technology International (LUX:SYNEX), the current Net-Net Working Capital is $-3.38 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 Synnex Technology International (LUX:SYNEX) Overvalued in 2026?
Based on GuruFocus' analysis, Synnex Technology International stock appears to be overvalued.
The current stock price of $9.05 is trading 6.3% above its estimated GF Value™ of $8.51.
Key valuation signals for LUX:SYNEX:
Net-Net Working Capital: $-3.38
GF Value™: $8.51 vs. price of $9.05 (6.3% above fair value)
No single metric tells the full story. See the LUX:SYNEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Synnex Technology International Corp is a Taiwan-based company engaged in the sale of computers and related parts, communication products, consumer electronic products, electronic components, and semiconductor products. The majority of the company's revenue is generated from the distribution industry and is mainly engaged in the sale of 3C and semiconductor products. The company operates in Taiwan, Hong Kong, China, Australia, New Zealand, and Indonesia, of which China and Hong Kong are the key sources of revenue.
77GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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