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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.
Sleep Cycle AB's Net-Net Working Capital for the quarter that ended in Mar. 2026 was kr0.39.
The industry rank for Sleep Cycle AB's Net-Net Working Capital or its related term are showing as below:
OSTO:SLEEP's Price-to-Net-Net-Working-Capital is ranked worse than 91.88% of 1256
companies
in the Software industry
Industry Median: 7.235
vs OSTO:SLEEP: 62.82
Sleep Cycle AB (OSTO:SLEEP) 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.
Sleep Cycle AB Net-Net Working Capital Related Terms
Sleep Cycle AB Net-Net Working Capital Historical Data
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The historical data trend for Sleep Cycle 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.
OSTO:SLEEP vs QH, SHOP, UBER: Net-Net Working Capital Comparison
For the Software - Application subindustry, Sleep Cycle 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.
Sleep Cycle AB Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Sleep Cycle AB's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Sleep Cycle 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 kr0.39 mean?
Sleep Cycle AB (OSTO:SLEEP) has a Net-Net Working Capital of kr0.39 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 Sleep Cycle AB According to the industry distribution chart, Sleep Cycle AB ranks #1154 out of 1256 companies in the Software industry, placing it in the top 91.9%.
Is Sleep Cycle AB's Net-Net Working Capital too high?
Sleep Cycle AB's current Net-Net Working Capital is kr0.39. Based on the distribution chart, Sleep Cycle AB ranks #1154 out of 1256 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Sleep Cycle AB has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sleep Cycle AB's Net-Net Working Capital compare to QH and SHOP?
According to the Software industry distribution chart, Sleep Cycle AB ranks #1154 out of 1256 companies for Net-Net Working Capital. This places Sleep Cycle AB in the lower half of its industry. The industry median Net-Net Working Capital is 7.24. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.24, based on 1,256 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 Sleep Cycle AB For the Software industry, the median Net-Net Working Capital is 7.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sleep Cycle AB's current Net-Net Working Capital is kr0.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sleep Cycle AB stock overvalued right now?
Based on GuruFocus' analysis, Sleep Cycle AB (OSTO:SLEEP) is currently considered Modestly Undervalued. The stock's GF Value™ is kr29.94, compared to a current price of kr24.50 — trading 18.2% below its estimated fair value. The current Net-Net Working Capital is kr0.39. Sleep Cycle AB's overall GF Score™ is 91/100 with 7 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 Sleep Cycle AB (OSTO:SLEEP), the current Net-Net Working Capital is kr0.39 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 Sleep Cycle AB (OSTO:SLEEP) Overvalued in 2026?
Based on GuruFocus' analysis, Sleep Cycle AB stock appears to be undervalued.
The current stock price of kr24.50 is trading 18.2% below its estimated GF Value™ of kr29.94.
GuruFocus considers Sleep Cycle AB to be Modestly Undervalued.
Key valuation signals for OSTO:SLEEP:
Net-Net Working Capital: kr0.39
GF Value™: kr29.94 vs. price of kr24.50 (18.2% below fair value)
No single metric tells the full story. See the OSTO:SLEEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sleep Cycle AB is a sleep tracker application. It helps people understand their sleep habits and improve their sleep. The mobile application helps users fall asleep more easily, tracks sleep patterns through the night and wakes up users in the light-sleep phase, providing valuable insights designed to improve sleep quality. Geographically group operates in Sweden and other countries in which all of revenue is generated from Sweden.
91GF Score
Get the complete analysis for OSTO:SLEEP
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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