InstallatorGruppen AS (OCSE:IG) Net-Net Working Capital: kr-4.02 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

What is InstallatorGruppen AS Net-Net Working Capital?

InstallatorGruppen AS OCSE:IG +0.42% Net-Net Working Capital is kr-4.02 as of Dec. 2025. The stock has 1 warning sign investors should review. Among 478 Construction companies, InstallatorGruppen AS ranks worse than 209204.81% 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.

InstallatorGruppen AS's Net-Net Working Capital for the quarter that ended in Dec. 2025 was kr-4.02.

The industry rank for InstallatorGruppen AS's Net-Net Working Capital or its related term are showing as below:

OCSE:IG's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.36
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

InstallatorGruppen AS  (OCSE:IG) 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.


InstallatorGruppen AS Net-Net Working Capital Related Terms


InstallatorGruppen AS Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for InstallatorGruppen AS'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.

InstallatorGruppen AS Net-Net Working Capital Chart

InstallatorGruppen AS Annual Data
Trend Dec23 Dec24 Dec25
Net-Net Working Capital
-1.63 -2.73 -4.02

InstallatorGruppen AS Semi-Annual Data
Dec23 Dec24 Dec25
Net-Net Working Capital -1.63 -2.73 -4.02

OCSE:IG vs PWR, FIX, EME: Net-Net Working Capital Comparison

For the Engineering & Construction subindustry, InstallatorGruppen AS'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.


InstallatorGruppen AS Price-to-Net-Net-Working-Capital vs Construction Industry

For the Construction industry and Industrials sector, InstallatorGruppen AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where InstallatorGruppen AS's Price-to-Net-Net-Working-Capital falls into.



InstallatorGruppen AS Net-Net Working Capital Calculation

InstallatorGruppen AS's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(134.418+0.75 * 838.657+0.5 * 66.744-2006.025
-0-0.016)/300.504
=-4.02

InstallatorGruppen AS's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(134.418+0.75 * 838.657+0.5 * 66.744-2006.025
-0-0.016)/300.504
=-4.02

* 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 kr-4.02 mean?
InstallatorGruppen AS (OCSE:IG) has a Net-Net Working Capital of kr-4.02 as of Dec. 2025. 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 InstallatorGruppen AS According to the industry distribution chart, InstallatorGruppen AS ranks #999999 out of 478 companies in the Construction industry.
Is InstallatorGruppen AS's Net-Net Working Capital too high?
InstallatorGruppen AS's current Net-Net Working Capital is kr-4.02. Based on the distribution chart, InstallatorGruppen AS ranks #999999 out of 478 companies in the Construction industry, which is in the bottom quartile relative to peers.
How does InstallatorGruppen AS's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, InstallatorGruppen AS ranks #999999 out of 478 companies for Net-Net Working Capital. This places InstallatorGruppen AS in the lower half of its industry. The industry median Net-Net Working Capital is 6.36. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.36, based on 478 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 InstallatorGruppen AS For the Construction industry, the median Net-Net Working Capital is 6.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InstallatorGruppen AS's current Net-Net Working Capital is kr-4.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InstallatorGruppen AS stock overvalued right now?
InstallatorGruppen AS (OCSE:IG) has a current Net-Net Working Capital of kr-4.02. The current Net-Net Working Capital is kr-4.02. 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 InstallatorGruppen AS (OCSE:IG), the current Net-Net Working Capital is kr-4.02 as of Dec. 2025. 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.

InstallatorGruppen AS Business Description

Other Exchanges 12B:Germany
Address Stoden 6-8, Roskilde, DNK, 4000
InstallatorGruppen AS is a provider of a multi-disciplinary technical installation group operating across Denmark and Switzerland. It comprises independent companies with a local presence and in-depth technical expertise. The companies within the Group offer solutions in the fields of plumbing, heating, ventilation/air conditioning, refrigeration, and electrical systems, as well as in selected specialist areas such as sprinkler systems, energy optimisation, building automation, fibre-optic infrastructure, and solar panel installations. It focused is to be a preferred partner for its customers in implementing the energy transition.