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Nocopi TechnologiesNNUP 69 Net-Net Working Capital is $0.93 as of Jun. 2026. GuruFocus rates NNUP with a GF Score™ of 69/100 and a GF Value™ of $1.64 (Fairly Valued). The stock has 4 warning signs investors should review. Among 598 Chemicals companies, Nocopi Technologies ranks better than 90.8% 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.
Nocopi Technologies's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $0.93.
The industry rank for Nocopi Technologies's Net-Net Working Capital or its related term are showing as below:
NNUP's Price-to-Net-Net-Working-Capital is ranked better than 90.8% of 598
companies
in the Chemicals industry
Industry Median: 8.315
vs NNUP: 1.83
Nocopi Technologies (OTCPK:NNUP) 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.
Nocopi Technologies Net-Net Working Capital Related Terms
Nocopi Technologies Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Nocopi Technologies'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.
NNUP vs LOOP, BON, BLGO: Net-Net Working Capital Comparison
For the Specialty Chemicals subindustry, Nocopi Technologies'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.
Nocopi Technologies Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Nocopi Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nocopi Technologies'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 $0.93 mean?
Nocopi Technologies (NNUP) has a Net-Net Working Capital of $0.93 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 Nocopi Technologies According to the industry distribution chart, Nocopi Technologies ranks #55 out of 598 companies in the Chemicals industry, placing it in the top 9.2%.
Is Nocopi Technologies' Net-Net Working Capital too high?
Nocopi Technologies' current Net-Net Working Capital is $0.93. The Chemicals industry median Net-Net Working Capital is 8.32. Nocopi Technologies' value of $0.93 is 88.8% below this industry median. Based on the distribution chart, Nocopi Technologies ranks #55 out of 598 companies in the Chemicals industry, which is in the top quartile — a strong position relative to peers. Overall, Nocopi Technologies has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nocopi Technologies' Net-Net Working Capital compare to LOOP and BON?
According to the Chemicals industry distribution chart, Nocopi Technologies ranks #55 out of 598 companies for Net-Net Working Capital. This places Nocopi Technologies in the top 9% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.32. Nocopi Technologies' value of $0.93 is 88.8% 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 8.32, based on 598 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. Nocopi Technologies's current Net-Net Working Capital of $0.93 is 88.8% 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 Nocopi Technologies For the Chemicals industry, the median Net-Net Working Capital is 8.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nocopi Technologies's current Net-Net Working Capital is $0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nocopi Technologies stock overvalued right now?
Based on GuruFocus' analysis, Nocopi Technologies (NNUP) is currently considered Fairly Valued. The stock's GF Value™ is $1.64, compared to a current price of $1.70 — trading 3.7% above its estimated fair value. The current Net-Net Working Capital is $0.93 and 88.8% below the Chemicals industry median of 8.32. Nocopi Technologies' overall GF Score™ is 69/100 with 4 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 Nocopi Technologies (NNUP), the current Net-Net Working Capital is $0.93 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 Nocopi Technologies (NNUP) Overvalued in 2026?
Based on GuruFocus' analysis, Nocopi Technologies stock appears to be overvalued.
The current stock price of $1.70 is trading 3.7% above its estimated GF Value™ of $1.64.
GuruFocus considers Nocopi Technologies to be Fairly Valued.
Key valuation signals for NNUP:
Net-Net Working Capital: $0.93
GF Value™: $1.64 vs. price of $1.70 (3.7% above fair value)
Industry Position: 88.8% below the Chemicals median (#55 of 598)
No single metric tells the full story. See the NNUP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nocopi Technologies Inc develops and markets specialty reactive inks. The main business activities of the company are the development and distribution of document security products and the licensing of its patented reactive ink technologies for the entertainment toy and document and product authentication markets in the United States and foreign countries. The primary geographic markets of the company are North America, South America, Europe, Asia, and Australia. Geographically, the company generates maximum revenue from Asia.
69GF Score
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