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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.
Opnet Technologies Co's Net-Net Working Capital for the quarter that ended in Jun. 2026 was NT$9.18.
The industry rank for Opnet Technologies Co's Net-Net Working Capital or its related term are showing as below:
ROCO:8034's Price-to-Net-Net-Working-Capital is ranked better than 86.89% of 1152
companies
in the Hardware industry
Industry Median: 8.955
vs ROCO:8034: 2.16
Opnet Technologies Co (ROCO:8034) 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.
Opnet Technologies Co Net-Net Working Capital Related Terms
Opnet Technologies Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Opnet Technologies Co'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.
Opnet Technologies Co Net-Net Working Capital Chart
ROCO:8034 vs CSCO, MSI, LITE: Net-Net Working Capital Comparison
For the Communication Equipment subindustry, Opnet Technologies Co'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.
Opnet Technologies Co Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Opnet Technologies Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Opnet Technologies Co'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 NT$9.18 mean?
Opnet Technologies Co (ROCO:8034) has a Net-Net Working Capital of NT$9.18 as of Jun. 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 Opnet Technologies Co According to the industry distribution chart, Opnet Technologies Co ranks #151 out of 1152 companies in the Hardware industry, placing it in the top 13.1%.
Is Opnet Technologies Co's Net-Net Working Capital too high?
Opnet Technologies Co's current Net-Net Working Capital is NT$9.18. Based on the distribution chart, Opnet Technologies Co ranks #151 out of 1152 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Opnet Technologies Co has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Opnet Technologies Co's Net-Net Working Capital compare to CSCO and MSI?
According to the Hardware industry distribution chart, Opnet Technologies Co ranks #151 out of 1152 companies for Net-Net Working Capital. This places Opnet Technologies Co in the top 13% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.96. 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 8.96, based on 1,152 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 Opnet Technologies Co For the Hardware industry, the median Net-Net Working Capital is 8.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Opnet Technologies Co's current Net-Net Working Capital is NT$9.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Opnet Technologies Co stock overvalued right now?
Based on GuruFocus' analysis, Opnet Technologies Co (ROCO:8034) is currently considered Fairly Valued. The stock's GF Value™ is NT$18.82, compared to a current price of NT$19.85 — trading 5.5% above its estimated fair value. The current Net-Net Working Capital is NT$9.18. Opnet Technologies Co's overall GF Score™ is 85/100 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 Opnet Technologies Co (ROCO:8034), the current Net-Net Working Capital is NT$9.18 as of Jun. 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 Opnet Technologies Co (ROCO:8034) Overvalued in 2026?
Based on GuruFocus' analysis, Opnet Technologies Co stock appears to be overvalued.
The current stock price of NT$19.85 is trading 5.5% above its estimated GF Value™ of NT$18.82.
GuruFocus considers Opnet Technologies Co to be Fairly Valued.
Key valuation signals for ROCO:8034:
Net-Net Working Capital: NT$9.18
GF Value™: NT$18.82 vs. price of NT$19.85 (5.5% above fair value)
No single metric tells the full story. See the ROCO:8034 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Opnet Technologies Co Ltd is engaged in the research, development, production, manufacturing, and sale of optical fiber broadband user access network systems, synchronous and asynchronous digital transmission multiplexers, digital subscriber loop systems, broadband modems, routers and access systems, broadband wireless communication equipment, digital data and voice integrated access equipment, and optical fiber communication systems. It operates through two reportable segments: Access Network and Broadband Equipment, which generate maximum revenue and produce line equipment for user terminals and telecom operators, connecting user terminal equipment to telecom operator switches or other network equipment, and the Transmission Equipment segment. It generates maximum revenue from Taiwan.
85GF Score
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