Simulations PlusSLP -0.11%85 Net-Net Working Capital is $2.42 as of May. 2026. GuruFocus rates SLP with a GF Score™ of 85/100 and a GF Value™ of $35.40 (Significantly Undervalued). The stock has 7 warning signs investors should review. Among 198 Healthcare Providers & Services companies, Simulations Plus ranks better than 51.01% 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.
Simulations Plus's Net-Net Working Capital for the quarter that ended in May. 2026 was $2.42.
The industry rank for Simulations Plus's Net-Net Working Capital or its related term are showing as below:
SLP's Price-to-Net-Net-Working-Capital is ranked better than 51.01% of 198
companies
in the Healthcare Providers & Services industry
Industry Median: 7.875
vs SLP: 7.54
Simulations Plus (NAS:SLP) 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.
Simulations Plus Net-Net Working Capital Related Terms
Simulations Plus Net-Net Working Capital Historical Data
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The historical data trend for Simulations Plus'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.
SLP vs TBRG, CARL, NRC: Net-Net Working Capital Comparison
For the Health Information Services subindustry, Simulations Plus'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.
Simulations Plus Price-to-Net-Net-Working-Capital vs Healthcare Providers & Services Industry
For the Healthcare Providers & Services industry and Healthcare sector, Simulations Plus's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Simulations Plus'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 $2.42 mean?
Simulations Plus (SLP) has a Net-Net Working Capital of $2.42 as of May. 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 Simulations Plus According to the industry distribution chart, Simulations Plus ranks #97 out of 198 companies in the Healthcare Providers & Services industry, placing it in the top 49%.
Is Simulations Plus' Net-Net Working Capital too high?
Simulations Plus' current Net-Net Working Capital is $2.42. The Healthcare Providers & Services industry median Net-Net Working Capital is 7.88. Simulations Plus' value of $2.42 is 69.3% below this industry median. Based on the distribution chart, Simulations Plus ranks #97 out of 198 companies in the Healthcare Providers & Services industry, which is above the industry midpoint. Overall, Simulations Plus has a GF Score™ of 85/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Simulations Plus' Net-Net Working Capital compare to TBRG and CARL?
According to the Healthcare Providers & Services industry distribution chart, Simulations Plus ranks #97 out of 198 companies for Net-Net Working Capital. This puts Simulations Plus in the upper half of its industry. The industry median Net-Net Working Capital is 7.88. Simulations Plus' value of $2.42 is 69.3% below 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 Healthcare Providers & Services company?
The median Net-Net Working Capital among Healthcare Providers & Services companies is 7.88, based on 198 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. Simulations Plus's current Net-Net Working Capital of $2.42 is 69.3% below 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 Simulations Plus For the Healthcare Providers & Services industry, the median Net-Net Working Capital is 7.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Simulations Plus's current Net-Net Working Capital is $2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Simulations Plus stock overvalued right now?
Based on GuruFocus' analysis, Simulations Plus (SLP) is currently considered Significantly Undervalued. The stock's GF Value™ is $35.40, compared to a current price of $18.23 — trading 48.5% below its estimated fair value. The current Net-Net Working Capital is $2.42 and 69.3% below the Healthcare Providers & Services industry median of 7.88. Simulations Plus' overall GF Score™ is 85/100 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 Simulations Plus (SLP), the current Net-Net Working Capital is $2.42 as of May. 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 Simulations Plus (SLP) Overvalued in 2026?
Based on GuruFocus' analysis, Simulations Plus stock appears to be undervalued.
The current stock price of $18.23 is trading 48.5% below its estimated GF Value™ of $35.40.
GuruFocus considers Simulations Plus to be Significantly Undervalued.
Key valuation signals for SLP:
Net-Net Working Capital: $2.42
GF Value™: $35.40 vs. price of $18.23 (48.5% below fair value)
Industry Position: 69.3% below the Healthcare Providers & Services median (#97 of 198)
No single metric tells the full story. See the SLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Simulations Plus Inc is engaged in the software industry. It develops and produces software for use in pharmaceutical research and education, and provides consulting and contract research services to the pharmaceutical industry. The company's operating segments include Software and services. The company offers software products for pharmaceutical research such as ADMET (Absorption, Distribution, Metabolism, Excretion, and Toxicity). It generates maximum revenue from the software segment. Maximum revenue is earned from USA following EMEA and Asia Pacific.
85GF Score
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