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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.
Nordic Semiconductor ASA's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.63.
The industry rank for Nordic Semiconductor ASA's Net-Net Working Capital or its related term are showing as below:
NRSDY's Price-to-Net-Net-Working-Capital is ranked worse than 75.19% of 536
companies
in the Semiconductors industry
Industry Median: 11.435
vs NRSDY: 26.23
Nordic Semiconductor ASA (OTCPK:NRSDY) 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.
Nordic Semiconductor ASA Net-Net Working Capital Related Terms
Nordic Semiconductor ASA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Nordic Semiconductor ASA'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.
Nordic Semiconductor ASA Net-Net Working Capital Chart
NRSDY vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Nordic Semiconductor ASA'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.
Nordic Semiconductor ASA Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nordic Semiconductor ASA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Nordic Semiconductor ASA'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 $0.63 mean?
Nordic Semiconductor ASA (NRSDY) has a Net-Net Working Capital of $0.63 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 Nordic Semiconductor ASA According to the industry distribution chart, Nordic Semiconductor ASA ranks #403 out of 536 companies in the Semiconductors industry, placing it in the top 75.2%.
Is Nordic Semiconductor ASA's Net-Net Working Capital too high?
Nordic Semiconductor ASA's current Net-Net Working Capital is $0.63. The Semiconductors industry median Net-Net Working Capital is 11.44. Nordic Semiconductor ASA's value of $0.63 is 94.5% below this industry median. Based on the distribution chart, Nordic Semiconductor ASA ranks #403 out of 536 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Nordic Semiconductor ASA has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nordic Semiconductor ASA's Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Nordic Semiconductor ASA ranks #403 out of 536 companies for Net-Net Working Capital. This places Nordic Semiconductor ASA in the lower half of its industry. The industry median Net-Net Working Capital is 11.44. Nordic Semiconductor ASA's value of $0.63 is 94.5% 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 11.44, based on 536 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. Nordic Semiconductor ASA's current Net-Net Working Capital of $0.63 is 94.5% 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 Nordic Semiconductor ASA For the Semiconductors industry, the median Net-Net Working Capital is 11.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nordic Semiconductor ASA's current Net-Net Working Capital is $0.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nordic Semiconductor ASA stock overvalued right now?
Based on GuruFocus' analysis, Nordic Semiconductor ASA (NRSDY) is currently considered Fairly Valued. The stock's GF Value™ is $15.55, compared to a current price of $16.53 — trading 6.3% above its estimated fair value. The current Net-Net Working Capital is $0.63 and 94.5% below the Semiconductors industry median of 11.44. Nordic Semiconductor ASA's overall GF Score™ is 87/100 with 5 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 Nordic Semiconductor ASA (NRSDY), the current Net-Net Working Capital is $0.63 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 Nordic Semiconductor ASA (NRSDY) Overvalued in 2026?
Based on GuruFocus' analysis, Nordic Semiconductor ASA stock appears to be overvalued.
The current stock price of $16.53 is trading 6.3% above its estimated GF Value™ of $15.55.
GuruFocus considers Nordic Semiconductor ASA to be Fairly Valued.
Key valuation signals for NRSDY:
Net-Net Working Capital: $0.63
GF Value™: $15.55 vs. price of $16.53 (6.3% above fair value)
Industry Position: 94.5% below the Semiconductors median (#403 of 536)
No single metric tells the full story. See the NRSDY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nordic Semiconductor designs Bluetooth Low Energy chips for the wireless industry, making 90% of its revenue from this technology. Nordic's chips are used in all types of battery-powered devices such as wearables, smarthome applications, asset trackers, and industrial and healthcare markets. In recent years Nordic has also expanded into adjacent technologies such as Wi-Fi, Thread protocol and long-range connectivity.
87GF Score
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