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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.
Fractal Gaming Group AB's Net-Net Working Capital for the quarter that ended in Mar. 2026 was kr-0.93.
The industry rank for Fractal Gaming Group AB's Net-Net Working Capital or its related term are showing as below:
OSTO:FRACTL's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 8.5 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Fractal Gaming Group AB (OSTO:FRACTL) 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.
Fractal Gaming Group AB Net-Net Working Capital Related Terms
Fractal Gaming Group AB Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Fractal Gaming Group AB'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.
Fractal Gaming Group AB Net-Net Working Capital Chart
OSTO:FRACTL vs DELL, ANET, SNDK: Net-Net Working Capital Comparison
For the Computer Hardware subindustry, Fractal Gaming Group AB'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.
Fractal Gaming Group AB Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Fractal Gaming Group AB's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Fractal Gaming Group AB'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-0.93 mean?
Fractal Gaming Group AB (OSTO:FRACTL) has a Net-Net Working Capital of kr-0.93 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 Fractal Gaming Group AB According to the industry distribution chart, Fractal Gaming Group AB ranks #999999 out of 1205 companies in the Hardware industry.
Is Fractal Gaming Group AB's Net-Net Working Capital too high?
Fractal Gaming Group AB's current Net-Net Working Capital is kr-0.93. Based on the distribution chart, Fractal Gaming Group AB ranks #999999 out of 1205 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Fractal Gaming Group AB has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fractal Gaming Group AB's Net-Net Working Capital compare to DELL and ANET?
According to the Hardware industry distribution chart, Fractal Gaming Group AB ranks #999999 out of 1205 companies for Net-Net Working Capital. This places Fractal Gaming Group AB in the lower half of its industry. The industry median Net-Net Working Capital is 8.50. 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 8.50, based on 1,205 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 Fractal Gaming Group AB For the Hardware industry, the median Net-Net Working Capital is 8.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fractal Gaming Group AB's current Net-Net Working Capital is kr-0.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fractal Gaming Group AB stock overvalued right now?
Based on GuruFocus' analysis, Fractal Gaming Group AB (OSTO:FRACTL) is currently considered Possible Value Trap. The stock's GF Value™ is kr32.11, compared to a current price of kr14.22 — trading 55.7% below its estimated fair value. The current Net-Net Working Capital is kr-0.93. Fractal Gaming Group AB's overall GF Score™ is 72/100 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 Fractal Gaming Group AB (OSTO:FRACTL), the current Net-Net Working Capital is kr-0.93 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 Fractal Gaming Group AB (OSTO:FRACTL) Overvalued in 2026?
Based on GuruFocus' analysis, Fractal Gaming Group AB stock appears to be undervalued.
The current stock price of kr14.22 is trading 55.7% below its estimated GF Value™ of kr32.11.
GuruFocus considers Fractal Gaming Group AB to be Possible Value Trap.
Key valuation signals for OSTO:FRACTL:
Net-Net Working Capital: kr-0.93
GF Value™: kr32.11 vs. price of kr14.22 (55.7% below fair value)
No single metric tells the full story. See the OSTO:FRACTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fractal Gaming Group AB gaming hardware company based in Gothenburg, Sweden. It offers PC gaming products through retail and distribution partners around the globe. The product segments used are Computer cases and Other products. Computer cases includes the sale of computer cases, mainly within the market's premium segment aimed at gamers. Other products include the sale of power supplies, gaming headsets, gaming chairs, cooling products and fans. The majority of revenue comes from Chassis. The company has presence in Sweden, Germany, USA, Americas excluding USA, EMEA excluding Sweden and Germany, APAC & Other.
72GF 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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