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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.
Eidesvik Offshore ASA's Net-Net Working Capital for the quarter that ended in Mar. 2026 was kr-21.14.
The industry rank for Eidesvik Offshore ASA's Net-Net Working Capital or its related term are showing as below:
OSL:EIOF's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 6.43 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Eidesvik Offshore ASA (OSL:EIOF) 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.
Eidesvik Offshore ASA Net-Net Working Capital Related Terms
Eidesvik Offshore ASA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Eidesvik Offshore 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.
Eidesvik Offshore ASA Net-Net Working Capital Chart
OSL:EIOF vs SLB, BKR, FTI: Net-Net Working Capital Comparison
For the Oil & Gas Equipment & Services subindustry, Eidesvik Offshore 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.
Eidesvik Offshore ASA Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Eidesvik Offshore ASA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Eidesvik Offshore 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 kr-21.14 mean?
Eidesvik Offshore ASA (OSL:EIOF) has a Net-Net Working Capital of kr-21.14 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 Eidesvik Offshore ASA According to the industry distribution chart, Eidesvik Offshore ASA ranks #999999 out of 194 companies in the Oil & Gas industry.
Is Eidesvik Offshore ASA's Net-Net Working Capital too high?
Eidesvik Offshore ASA's current Net-Net Working Capital is kr-21.14. Based on the distribution chart, Eidesvik Offshore ASA ranks #999999 out of 194 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Eidesvik Offshore ASA has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Eidesvik Offshore ASA's Net-Net Working Capital compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Eidesvik Offshore ASA ranks #999999 out of 194 companies for Net-Net Working Capital. This places Eidesvik Offshore ASA in the lower half of its industry. The industry median Net-Net Working Capital is 6.43. 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 an Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.43, based on 194 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 Eidesvik Offshore ASA For the Oil & Gas industry, the median Net-Net Working Capital is 6.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eidesvik Offshore ASA's current Net-Net Working Capital is kr-21.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eidesvik Offshore ASA stock overvalued right now?
Based on GuruFocus' analysis, Eidesvik Offshore ASA (OSL:EIOF) is currently considered Fairly Valued. The stock's GF Value™ is kr14.64, compared to a current price of kr16.15 — trading 10.3% above its estimated fair value. The current Net-Net Working Capital is kr-21.14. Eidesvik Offshore ASA's overall GF Score™ is 76/100 with 6 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 Eidesvik Offshore ASA (OSL:EIOF), the current Net-Net Working Capital is kr-21.14 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 Eidesvik Offshore ASA (OSL:EIOF) Overvalued in 2026?
Based on GuruFocus' analysis, Eidesvik Offshore ASA stock appears to be overvalued.
The current stock price of kr16.15 is trading 10.3% above its estimated GF Value™ of kr14.64.
GuruFocus considers Eidesvik Offshore ASA to be Fairly Valued.
Key valuation signals for OSL:EIOF:
Net-Net Working Capital: kr-21.14
GF Value™: kr14.64 vs. price of kr16.15 (10.3% above fair value)
No single metric tells the full story. See the OSL:EIOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Eidesvik Offshore ASA owns and operates a world-wide fleet of purpose-built vessels, providing services to the offshore supply, subsea and offshore renewables markets. The company owns and operates vessels in the following segments of Supply and Subsea and Offshore Renewables, and other. The Subsea segment provides shipping services for subsea work for the oil industry and its ships are adapted for work such as underwater inspection, maintenance, and construction. The Supply segment delivers services to the offshore oil industry. Other represent the SG&A that mainly provide corporate, management and crew services, in addition to the remaining minor effects from the seismic segment.
76GF 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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