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Appear ASAOSL:APR -1.88%19 Net-Net Working Capital is kr7.59 as of Mar. 2026. GuruFocus rates OSL:APR with a GF Score™ of 19/100. The stock has 3 warning signs investors should review. Among 1,218 Hardware companies, Appear ASA ranks better than 62.4% 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.
Appear ASA's Net-Net Working Capital for the quarter that ended in Mar. 2026 was kr7.59.
The industry rank for Appear ASA's Net-Net Working Capital or its related term are showing as below:
OSL:APR's Price-to-Net-Net-Working-Capital is ranked better than 62.4% of 1218
companies
in the Hardware industry
Industry Median: 8.78
vs OSL:APR: 5.49
Appear ASA (OSL:APR) 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.
Appear ASA Net-Net Working Capital Related Terms
Appear ASA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Appear 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.
OSL:APR vs SNDK, DELL, STX: Net-Net Working Capital Comparison
For the Computer Hardware subindustry, Appear 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.
Appear ASA Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Appear ASA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Appear 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 kr7.59 mean?
Appear ASA (OSL:APR) has a Net-Net Working Capital of kr7.59 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 Appear ASA According to the industry distribution chart, Appear ASA ranks #458 out of 1218 companies in the Hardware industry, placing it in the top 37.6%.
Is Appear ASA's Net-Net Working Capital too high?
Appear ASA's current Net-Net Working Capital is kr7.59. Based on the distribution chart, Appear ASA ranks #458 out of 1218 companies in the Hardware industry, which is above the industry midpoint. Overall, Appear ASA has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does Appear ASA's Net-Net Working Capital compare to SNDK and DELL?
According to the Hardware industry distribution chart, Appear ASA ranks #458 out of 1218 companies for Net-Net Working Capital. This puts Appear ASA in the upper half of its industry. The industry median Net-Net Working Capital is 8.78. 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 8.78, based on 1,218 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 Appear ASA For the Hardware industry, the median Net-Net Working Capital is 8.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Appear ASA's current Net-Net Working Capital is kr7.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Appear ASA stock overvalued right now?
Appear ASA (OSL:APR) has a current Net-Net Working Capital of kr7.59. The current Net-Net Working Capital is kr7.59. Appear ASA's overall GF Score™ is 19/100 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 Appear ASA (OSL:APR), the current Net-Net Working Capital is kr7.59 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.
Appear ASA, along with its subsidiaries, provides high-capacity, sustainable solutions for live-production and broadcast distribution technology to media, entertainment and sports clients. The company provides live video transport solutions that operate over satellite, dedicated fiber, and public internet infrastructure. Its offerings support a range of live event scenarios across media, entertainment, and sports industries, adapting to the varying requirements of these sectors. The company derives revenue from: Sales of media processing and delivery platforms, sales of software and licenses, and Sales of support and consulting services, majority being generated from the sales of media processing and delivery platforms. The Company has three geographic areas for Sales EMEA, APAC, and AM.
19GF Score
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