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Ocean Sun ASOSL:OSUN -1.16%58 Net-Net Working Capital is kr0.04 as of Mar. 2026. GuruFocus rates OSL:OSUN with a GF Score™ of 58/100 and a GF Value™ of kr1.20 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 63 Utilities - Independent Power Producers companies, Ocean Sun AS ranks worse than 69.84% 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.
Ocean Sun AS's Net-Net Working Capital for the quarter that ended in Mar. 2026 was kr0.04.
The industry rank for Ocean Sun AS's Net-Net Working Capital or its related term are showing as below:
OSL:OSUN's Price-to-Net-Net-Working-Capital is ranked worse than 69.84% of 63
companies
in the Utilities - Independent Power Producers industry
Industry Median: 7.43
vs OSL:OSUN: 12.80
Ocean Sun AS (OSL:OSUN) 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.
Ocean Sun AS Net-Net Working Capital Related Terms
Ocean Sun AS Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Ocean Sun 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.
Ocean Sun AS Net-Net Working Capital Competitor Comparison
For the Utilities - Renewable subindustry, Ocean Sun 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.
Ocean Sun AS Price-to-Net-Net-Working-Capital vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Ocean Sun AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ocean Sun AS'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 kr0.04 mean?
Ocean Sun AS (OSL:OSUN) has a Net-Net Working Capital of kr0.04 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 Ocean Sun AS According to the industry distribution chart, Ocean Sun AS ranks #44 out of 63 companies in the Utilities - Independent Power Producers industry, placing it in the top 69.8%.
Is Ocean Sun AS's Net-Net Working Capital too high?
Ocean Sun AS's current Net-Net Working Capital is kr0.04. Based on the distribution chart, Ocean Sun AS ranks #44 out of 63 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Ocean Sun AS has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ocean Sun AS's Net-Net Working Capital compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Ocean Sun AS ranks #44 out of 63 companies for Net-Net Working Capital. This places Ocean Sun AS in the lower half of its industry. The industry median Net-Net Working Capital is 7.43. 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 Utilities - Independent Power Producers company?
The median Net-Net Working Capital among Utilities - Independent Power Producers companies is 7.43, based on 63 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 Ocean Sun AS For the Utilities - Independent Power Producers industry, the median Net-Net Working Capital is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ocean Sun AS's current Net-Net Working Capital is kr0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ocean Sun AS stock overvalued right now?
Based on GuruFocus' analysis, Ocean Sun AS (OSL:OSUN) is currently considered Possible Value Trap. The stock's GF Value™ is kr1.20, compared to a current price of kr0.51 — trading 57.3% below its estimated fair value. The current Net-Net Working Capital is kr0.04. Ocean Sun AS's overall GF Score™ is 58/100 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 Ocean Sun AS (OSL:OSUN), the current Net-Net Working Capital is kr0.04 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 Ocean Sun AS (OSL:OSUN) Overvalued in 2026?
Based on GuruFocus' analysis, Ocean Sun AS stock appears to be undervalued.
The current stock price of kr0.51 is trading 57.3% below its estimated GF Value™ of kr1.20.
GuruFocus considers Ocean Sun AS to be Possible Value Trap.
Key valuation signals for OSL:OSUN:
Net-Net Working Capital: kr0.04
GF Value™: kr1.20 vs. price of kr0.51 (57.3% below fair value)
No single metric tells the full story. See the OSL:OSUN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ocean Sun AS manufactures and distributes floating solar power production systems. The company operates as a technology provider, offering license agreements to developers and independent power producers across the world. Its Ocean Sun systems (OS-75 and OS-50) consist of one or multiple floaters anchored side-by-side to build larger power plants. The company's technology is used in various floating solar power production projects, including Alida, Siera Brava, Haiyang (offshore), and Soneva Secret, among others. Geographically, it generates maximum revenue from Europe and Middle East, followed by North East Asia (including China), South East Asia, and the Americas.
58GF 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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