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LipocineSTU:2VT0 52 Net-Net Working Capital is €2.57 as of Mar. 2026. GuruFocus rates STU:2VT0 with a GF Score™ of 52/100 and a GF Value™ of €3.51. The stock has 4 warning signs investors should review. Among 856 Biotechnology companies, Lipocine ranks better than 95.33% 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.
Lipocine's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €2.57.
The industry rank for Lipocine's Net-Net Working Capital or its related term are showing as below:
STU:2VT0's Price-to-Net-Net-Working-Capital is ranked better than 95.33% of 856
companies
in the Biotechnology industry
Industry Median: 5.3
vs STU:2VT0: 0.72
Lipocine (STU:2VT0) 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.
Lipocine Net-Net Working Capital Related Terms
Lipocine Net-Net Working Capital Historical Data
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The historical data trend for Lipocine'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.
STU:2VT0 vs NXTC, VYNE, QNCX: Net-Net Working Capital Comparison
For the Biotechnology subindustry, Lipocine'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.
Lipocine Price-to-Net-Net-Working-Capital vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Lipocine's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Lipocine'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 €2.57 mean?
Lipocine (STU:2VT0) has a Net-Net Working Capital of €2.57 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 Lipocine According to the industry distribution chart, Lipocine ranks #40 out of 856 companies in the Biotechnology industry, placing it in the top 4.7%.
Is Lipocine's Net-Net Working Capital too high?
Lipocine's current Net-Net Working Capital is €2.57. Based on the distribution chart, Lipocine ranks #40 out of 856 companies in the Biotechnology industry, which is in the top quartile — a strong position relative to peers. Overall, Lipocine has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does Lipocine's Net-Net Working Capital compare to NXTC and VYNE?
According to the Biotechnology industry distribution chart, Lipocine ranks #40 out of 856 companies for Net-Net Working Capital. This places Lipocine in the top 5% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 5.30. 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 Biotechnology company?
The median Net-Net Working Capital among Biotechnology companies is 5.30, based on 856 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 Lipocine For the Biotechnology industry, the median Net-Net Working Capital is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lipocine's current Net-Net Working Capital is €2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lipocine stock overvalued right now?
Lipocine (STU:2VT0) has a current Net-Net Working Capital of €2.57. The stock's GF Value™ is €3.51, compared to a current price of €3.94 — trading 12.4% above its estimated fair value. The current Net-Net Working Capital is €2.57. Lipocine's overall GF Score™ is 52/100 with 4 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 Lipocine (STU:2VT0), the current Net-Net Working Capital is €2.57 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 Lipocine (STU:2VT0) Overvalued in 2026?
Based on GuruFocus' analysis, Lipocine stock appears to be overvalued.
The current stock price of €3.94 is trading 12.4% above its estimated GF Value™ of €3.51.
Key valuation signals for STU:2VT0:
Net-Net Working Capital: €2.57
GF Value™: €3.51 vs. price of €3.94 (12.4% above fair value)
No single metric tells the full story. See the STU:2VT0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lipocine Inc is a clinical-stage biopharmaceutical company that is engaged in research and development for the delivery of drugs using its proprietary delivery technology. Its principal operation is to provide oral delivery solutions for existing drugs. Lipocine develops its drug candidates, or it develops drug candidates on behalf of or in collaboration with corporate partners. The company's product TLANDO is an oral testosterone replacement therapy (TRT). It also has other products in the pipeline, such as LPCN 1144, TLANDO, TLANDO XR, LPCN 1148, LPCN 1107, LPCN 1154, and LIP RAL7 Technology. The Company has a single reportable segment, research, and development for the delivery of drugs using its proprietary delivery technology.
52GF Score
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