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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.
ZF Steering Gear (India)'s Net-Net Working Capital for the quarter that ended in Jun. 2026 was ₹.
The industry rank for ZF Steering Gear (India)'s Net-Net Working Capital or its related term are showing as below:
NSE:ZFSTEERING's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 8.14 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
ZF Steering Gear (India) (NSE:ZFSTEERING) 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.
ZF Steering Gear (India) Net-Net Working Capital Related Terms
ZF Steering Gear (India) Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for ZF Steering Gear (India)'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.
ZF Steering Gear (India) Net-Net Working Capital Chart
NSE:ZFSTEERING vs ORLY, AZO, GPC: Net-Net Working Capital Comparison
For the Auto Parts subindustry, ZF Steering Gear (India)'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.
ZF Steering Gear (India) Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, ZF Steering Gear (India)'s Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ZF Steering Gear (India)'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.
ZF Steering Gear (India) (NSE:ZFSTEERING) has a Net-Net Working Capital of ₹ 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 ZF Steering Gear (India) According to the industry distribution chart, ZF Steering Gear (India) ranks #999999 out of 374 companies in the Vehicles & Parts industry.
Is ZF Steering Gear (India)'s Net-Net Working Capital too high?
ZF Steering Gear (India)'s current Net-Net Working Capital is ₹. Based on the distribution chart, ZF Steering Gear (India) ranks #999999 out of 374 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, ZF Steering Gear (India) has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ZF Steering Gear (India)'s Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, ZF Steering Gear (India) ranks #999999 out of 374 companies for Net-Net Working Capital. This places ZF Steering Gear (India) in the lower half of its industry. The industry median Net-Net Working Capital is 8.14. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 8.14, based on 374 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 ZF Steering Gear (India) For the Vehicles & Parts industry, the median Net-Net Working Capital is 8.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZF Steering Gear (India)'s current Net-Net Working Capital is ₹. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZF Steering Gear (India) stock overvalued right now?
Based on GuruFocus' analysis, ZF Steering Gear (India) (NSE:ZFSTEERING) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,280.71, compared to a current price of ₹697.85 — trading 45.5% below its estimated fair value. The current Net-Net Working Capital is ₹. ZF Steering Gear (India)'s overall GF Score™ is 77/100 with 1 warning sign 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 ZF Steering Gear (India) (NSE:ZFSTEERING), the current Net-Net Working Capital is ₹ 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 ZF Steering Gear (India) (NSE:ZFSTEERING) Overvalued in 2026?
Based on GuruFocus' analysis, ZF Steering Gear (India) stock appears to be undervalued.
The current stock price of ₹697.85 is trading 45.5% below its estimated GF Value™ of ₹1,280.71.
GuruFocus considers ZF Steering Gear (India) to be Significantly Undervalued.
Key valuation signals for NSE:ZFSTEERING:
Net-Net Working Capital: ₹
GF Value™: ₹1,280.71 vs. price of ₹697.85 (45.5% below fair value)
No single metric tells the full story. See the NSE:ZFSTEERING stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ZF Steering Gear (India) Ltd produces and assembles steering systems for vehicles, buses, and tractors. The segment in which the group operates includes Auto Component and Renewable Energy. The company's product range includes steering systems, vane pumps, pump pulleys, oil reservoirs, steering and pump mounting brackets, steering columns, intermediate shafts, universal joints, bevel gears boxes, and power steering oil dexron II. ZF Steering operates its business activity through the plant located in Vadu Budruk, Pune. The company generates the majority of its revenue from the Auto component, which is engaged in the manufacturing of auto components.
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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