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.
Natural Health Trends's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $0.66.
The industry rank for Natural Health Trends's Net-Net Working Capital or its related term are showing as below:
NHTC's Price-to-Net-Net-Working-Capital is ranked better than 74.62% of 327
companies
in the Retail - Cyclical industry
Industry Median: 6.44
vs NHTC: 2.74
Natural Health Trends (NAS:NHTC) 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.
Natural Health Trends Net-Net Working Capital Related Terms
Natural Health Trends Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Natural Health Trends'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.
Natural Health Trends Net-Net Working Capital Chart
NHTC vs MOGU, KPEA, UZX: Net-Net Working Capital Comparison
For the Internet Retail subindustry, Natural Health Trends'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.
Natural Health Trends Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Natural Health Trends's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Natural Health Trends'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 $0.66 mean?
Natural Health Trends (NHTC) has a Net-Net Working Capital of $0.66 as of Jun. 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 Natural Health Trends According to the industry distribution chart, Natural Health Trends ranks #83 out of 327 companies in the Retail - Cyclical industry, placing it in the top 25.4%.
Is Natural Health Trends' Net-Net Working Capital too high?
Natural Health Trends' current Net-Net Working Capital is $0.66. The Retail - Cyclical industry median Net-Net Working Capital is 6.44. Natural Health Trends' value of $0.66 is 89.8% below this industry median. Based on the distribution chart, Natural Health Trends ranks #83 out of 327 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Natural Health Trends has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Natural Health Trends' Net-Net Working Capital compare to MOGU and KPEA?
According to the Retail - Cyclical industry distribution chart, Natural Health Trends ranks #83 out of 327 companies for Net-Net Working Capital. This puts Natural Health Trends in the upper half of its industry. The industry median Net-Net Working Capital is 6.44. Natural Health Trends' value of $0.66 is 89.8% 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.44, based on 327 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. Natural Health Trends's current Net-Net Working Capital of $0.66 is 89.8% 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 Natural Health Trends For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Natural Health Trends's current Net-Net Working Capital is $0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Natural Health Trends stock overvalued right now?
Based on GuruFocus' analysis, Natural Health Trends (NHTC) is currently considered Possible Value Trap. The stock's GF Value™ is $4.46, compared to a current price of $1.81 — trading 59.4% below its estimated fair value. The current Net-Net Working Capital is $0.66 and 89.8% below the Retail - Cyclical industry median of 6.44. Natural Health Trends' overall GF Score™ is 48/100 with 3 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 Natural Health Trends (NHTC), the current Net-Net Working Capital is $0.66 as of Jun. 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 Natural Health Trends (NHTC) Overvalued in 2026?
Based on GuruFocus' analysis, Natural Health Trends stock appears to be undervalued.
The current stock price of $1.81 is trading 59.4% below its estimated GF Value™ of $4.46.
GuruFocus considers Natural Health Trends to be Possible Value Trap.
Key valuation signals for NHTC:
Net-Net Working Capital: $0.66
GF Value™: $4.46 vs. price of $1.81 (59.4% below fair value)
Industry Position: 89.8% below the Retail - Cyclical median (#83 of 327)
No single metric tells the full story. See the NHTC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Natural Health Trends Corp is an international direct-selling and e-commerce company. It offers a line of products such as Wellness, Herbal, Beauty, Lifestyle, and Home. Wellness products include targeted nutrition for joint health, antioxidant support, digestive health, heart health, and vision health. Herbal products include anti-aging and hydrating cleansers, creams, lotions, serums, and toners. Lifestyle products improve the overall quality of life and support active, physical, and healthy lifestyles. Home products are designed to create a clean and natural living environment for the home. It generates a majority of its revenue from Hong Kong and the rest from China, Taiwan, Japan, the United States, and other regions.
48GF Score
Get the complete analysis for NHTC
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
NHTC has been successfully added to your 
