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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.
The One Group Hospitality's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-29.81.
The industry rank for The One Group Hospitality's Net-Net Working Capital or its related term are showing as below:
STKS's Price-to-Net-Net-Working-Capital is not ranked *
in the Restaurants industry.
Industry Median: 14.87 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
The One Group Hospitality (NAS:STKS) 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.
The One Group Hospitality Net-Net Working Capital Related Terms
The One Group Hospitality Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for The One Group Hospitality'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.
The One Group Hospitality Net-Net Working Capital Chart
STKS vs THCH, RAVE, BDL: Net-Net Working Capital Comparison
For the Restaurants subindustry, The One Group Hospitality'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.
The One Group Hospitality Price-to-Net-Net-Working-Capital vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, The One Group Hospitality's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where The One Group Hospitality'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 $-29.81 mean?
The One Group Hospitality (STKS) has a Net-Net Working Capital of $-29.81 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 The One Group Hospitality According to the industry distribution chart, The One Group Hospitality ranks #999999 out of 49 companies in the Restaurants industry.
Is The One Group Hospitality's Net-Net Working Capital too high?
The One Group Hospitality's current Net-Net Working Capital is $-29.81. Based on the distribution chart, The One Group Hospitality ranks #999999 out of 49 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, The One Group Hospitality has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does The One Group Hospitality's Net-Net Working Capital compare to THCH and RAVE?
According to the Restaurants industry distribution chart, The One Group Hospitality ranks #999999 out of 49 companies for Net-Net Working Capital. This places The One Group Hospitality in the lower half of its industry. The industry median Net-Net Working Capital is 14.87. 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 Restaurants company?
The median Net-Net Working Capital among Restaurants companies is 14.87, based on 49 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 The One Group Hospitality For the Restaurants industry, the median Net-Net Working Capital is 14.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The One Group Hospitality's current Net-Net Working Capital is $-29.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The One Group Hospitality stock overvalued right now?
Based on GuruFocus' analysis, The One Group Hospitality (STKS) is currently considered Possible Value Trap. The stock's GF Value™ is $5.70, compared to a current price of $1.81 — trading 68.2% below its estimated fair value. The current Net-Net Working Capital is $-29.81. The One Group Hospitality's overall GF Score™ is 73/100 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 The One Group Hospitality (STKS), the current Net-Net Working Capital is $-29.81 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 The One Group Hospitality (STKS) Overvalued in 2026?
Based on GuruFocus' analysis, The One Group Hospitality stock appears to be undervalued.
The current stock price of $1.81 is trading 68.2% below its estimated GF Value™ of $5.70.
GuruFocus considers The One Group Hospitality to be Possible Value Trap.
Key valuation signals for STKS:
Net-Net Working Capital: $-29.81
GF Value™: $5.70 vs. price of $1.81 (68.2% below fair value)
No single metric tells the full story. See the STKS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The One Group Hospitality Inc is a restaurant company that develops, owns and operates, manages and licenses upscale and polished casual, high-energy restaurants and lounges and provides turn-key food and beverage (F&B) services for hospitality venues, including hotels, casinos, and other high-end locations internationally. The company operates through three segments: STK, Benihana and Grill Concepts. The company generates the vast majority of its revenue from the domestic market.
73GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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