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Vivid SeatsSEAT -1.09%56 Net-Net Working Capital is $-54.26 as of Jun. 2026. GuruFocus rates SEAT with a GF Score™ of 56/100 and a GF Value™ of $4.60 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 295 Interactive Media companies, Vivid Seats ranks worse than 338982.71% 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.
Vivid Seats's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $-54.26.
The industry rank for Vivid Seats's Net-Net Working Capital or its related term are showing as below:
SEAT's Price-to-Net-Net-Working-Capital is not ranked *
in the Interactive Media industry.
Industry Median: 4.96 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Vivid Seats (NAS:SEAT) 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.
Vivid Seats Net-Net Working Capital Related Terms
Vivid Seats Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Vivid Seats'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.
SEAT vs TEAD, GIBO, BODI: Net-Net Working Capital Comparison
For the Internet Content & Information subindustry, Vivid Seats'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.
Vivid Seats Price-to-Net-Net-Working-Capital vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Vivid Seats's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Vivid Seats'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 $-54.26 mean?
Vivid Seats (SEAT) has a Net-Net Working Capital of $-54.26 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 Vivid Seats According to the industry distribution chart, Vivid Seats ranks #999999 out of 295 companies in the Interactive Media industry.
Is Vivid Seats' Net-Net Working Capital too high?
Vivid Seats' current Net-Net Working Capital is $-54.26. Based on the distribution chart, Vivid Seats ranks #999999 out of 295 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Vivid Seats has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vivid Seats' Net-Net Working Capital compare to TEAD and GIBO?
According to the Interactive Media industry distribution chart, Vivid Seats ranks #999999 out of 295 companies for Net-Net Working Capital. This places Vivid Seats in the lower half of its industry. The industry median Net-Net Working Capital is 4.96. 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 an Interactive Media company?
The median Net-Net Working Capital among Interactive Media companies is 4.96, based on 295 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 Vivid Seats For the Interactive Media industry, the median Net-Net Working Capital is 4.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vivid Seats's current Net-Net Working Capital is $-54.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vivid Seats stock overvalued right now?
Based on GuruFocus' analysis, Vivid Seats (SEAT) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.60, compared to a current price of $7.26 — trading 57.8% above its estimated fair value. The current Net-Net Working Capital is $-54.26. Vivid Seats' overall GF Score™ is 56/100 with 6 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 Vivid Seats (SEAT), the current Net-Net Working Capital is $-54.26 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 Vivid Seats (SEAT) Overvalued in 2026?
Based on GuruFocus' analysis, Vivid Seats stock appears to be overvalued.
The current stock price of $7.26 is trading 57.8% above its estimated GF Value™ of $4.60.
GuruFocus considers Vivid Seats to be Significantly Overvalued.
Key valuation signals for SEAT:
Net-Net Working Capital: $-54.26
GF Value™: $4.60 vs. price of $7.26 (57.8% above fair value)
No single metric tells the full story. See the SEAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vivid Seats Inc is an online ticket marketplace for connecting fans to live events and artists. It is the official ticketing partner of brands in the entertainment industry, providing tickets for sports, concerts, theatres, and comedy events in the United States, Canada, and Japan. It operates in two segments: Marketplace, which generates maximum revenue, and Resale. The Marketplace segment acts as an intermediary between ticket buyers, sellers, and partners, earning revenue from processing ticket sales for live events and facilitating the booking of hotel rooms and packages on websites and mobile applications. The Resale segment acquires tickets to resell on secondary ticket marketplaces, including its own, and offers internal research and development support for Skybox.
56GF Score
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