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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.
Robertet's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $8.56.
The industry rank for Robertet's Net-Net Working Capital or its related term are showing as below:
RBTEF's Price-to-Net-Net-Working-Capital is ranked worse than 95.75% of 588
companies
in the Chemicals industry
Industry Median: 7.925
vs RBTEF: 110.80
Robertet (OTCPK:RBTEF) 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.
Robertet Net-Net Working Capital Related Terms
Robertet Net-Net Working Capital Historical Data
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The historical data trend for Robertet'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.
For the Chemicals subindustry, Robertet'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.
Robertet Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Robertet's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Robertet'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 $8.56 mean?
Robertet (RBTEF) has a Net-Net Working Capital of $8.56 as of Dec. 2025. 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 Robertet According to the industry distribution chart, Robertet ranks #563 out of 588 companies in the Chemicals industry, placing it in the top 95.7%.
Is Robertet's Net-Net Working Capital too high?
Robertet's current Net-Net Working Capital is $8.56. The Chemicals industry median Net-Net Working Capital is 7.93. Robertet's value of $8.56 is 8% above this industry median. Based on the distribution chart, Robertet ranks #563 out of 588 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Robertet has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does Robertet's Net-Net Working Capital compare to DOW?
According to the Chemicals industry distribution chart, Robertet ranks #563 out of 588 companies for Net-Net Working Capital. This places Robertet in the lower half of its industry. The industry median Net-Net Working Capital is 7.93. Robertet's value of $8.56 is 8% above this benchmark. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 7.93, based on 588 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. Robertet's current Net-Net Working Capital of $8.56 is 8% above the industry median. 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 Robertet For the Chemicals industry, the median Net-Net Working Capital is 7.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Robertet's current Net-Net Working Capital is $8.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Robertet stock overvalued right now?
Robertet (RBTEF) has a current Net-Net Working Capital of $8.56. The stock's GF Value™ is $968.37, compared to a current price of $906.32 — trading 6.4% below its estimated fair value. The current Net-Net Working Capital is $8.56 and 8% above the Chemicals industry median of 7.93. Robertet's overall GF Score™ is 100/100 with 1 warning sign 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 Robertet (RBTEF), the current Net-Net Working Capital is $8.56 as of Dec. 2025. 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 Robertet (RBTEF) Overvalued in 2026?
Based on GuruFocus' analysis, Robertet stock appears to be undervalued.
The current stock price of $906.32 is trading 6.4% below its estimated GF Value™ of $968.37.
Key valuation signals for RBTEF:
Net-Net Working Capital: $8.56
GF Value™: $968.37 vs. price of $906.32 (6.4% below fair value)
Industry Position: 8% above the Chemicals median (#563 of 588)
No single metric tells the full story. See the RBTEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Robertet SA is a France-based company that operates in the aromatic products sector. It is engaged in the sourcing and transformation of plant-based raw materials into natural extracts, both aromatic and non-aromatic, which are used to create flavours, fragrances, and active ingredients. The company's product portfolio comprises perfume compositions and bases, food flavours, natural flavour ingredients, and ingredients for health and beauty products. Its operating divisions are Fragrances, which derive maximum revenue, Raw Materials, Flavors, and Health & Beauty. Geographically, the company generates maximum revenue from North America, and the rest from France, Europe (excluding France), and the Rest of the world.
100GF Score
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