Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
STU:CQZ's Price-to-Net-Net-Working-Capital is ranked worse than 69.43% of 435
companies
in the Business Services industry
Industry Median: 5.6
vs STU:CQZ: 10.65
Leadway Technology Investment Group (STU:CQZ) 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.
Leadway Technology Investment Group Net-Net Working Capital Related Terms
Leadway Technology Investment Group Net-Net Working Capital Historical Data
* 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.
Leadway Technology Investment Group Net-Net Working Capital Chart
STU:CQZ vs ALLE, MSA, ADT: Net-Net Working Capital Comparison
For the Security & Protection Services subindustry, Leadway Technology Investment Group'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.
Leadway Technology Investment Group Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Leadway Technology Investment Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Leadway Technology Investment Group'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 €0.01 mean?
Leadway Technology Investment Group (STU:CQZ) has a Net-Net Working Capital of €0.01 as of Dec. 2025. 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 Leadway Technology Investment Group According to the industry distribution chart, Leadway Technology Investment Group ranks #302 out of 435 companies in the Business Services industry, placing it in the top 69.4%.
Is Leadway Technology Investment Group's Net-Net Working Capital too high?
Leadway Technology Investment Group's current Net-Net Working Capital is €0.01. Based on the distribution chart, Leadway Technology Investment Group ranks #302 out of 435 companies in the Business Services industry, which is below the industry midpoint. Overall, Leadway Technology Investment Group has a GF Score™ of 42/100, reflecting its overall financial health beyond just this single metric.
How does Leadway Technology Investment Group's Net-Net Working Capital compare to ALLE and MSA?
According to the Business Services industry distribution chart, Leadway Technology Investment Group ranks #302 out of 435 companies for Net-Net Working Capital. This places Leadway Technology Investment Group in the lower half of its industry. The industry median Net-Net Working Capital is 5.60. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.60, based on 435 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 Leadway Technology Investment Group For the Business Services industry, the median Net-Net Working Capital is 5.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Leadway Technology Investment Group's current Net-Net Working Capital is €0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leadway Technology Investment Group stock overvalued right now?
Leadway Technology Investment Group (STU:CQZ) has a current Net-Net Working Capital of €0.01. The stock's GF Value™ is €0.45, compared to a current price of €0.43 — trading 5.3% below its estimated fair value. The current Net-Net Working Capital is €0.01. Leadway Technology Investment Group's overall GF Score™ is 42/100 with 2 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 Leadway Technology Investment Group (STU:CQZ), the current Net-Net Working Capital is €0.01 as of Dec. 2025. 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 Leadway Technology Investment Group (STU:CQZ) Overvalued in 2026?
Based on GuruFocus' analysis, Leadway Technology Investment Group stock appears to be undervalued.
The current stock price of €0.43 is trading 5.3% below its estimated GF Value™ of €0.45.
Key valuation signals for STU:CQZ:
Net-Net Working Capital: €0.01
GF Value™: €0.45 vs. price of €0.43 (5.3% below fair value)
No single metric tells the full story. See the STU:CQZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Leadway Technology Investment Group Ltd is an investment holding company. It is smart card reader supplier and is into the research and development of smart card operating systems and readers. It constantly offers a wide range of new products and promotes the application of smart cards in different areas. The principal activities of the Group are the development, sales and distribution of smart card products, software and hardware and the provision of smart card related services. The company has only one operating segment. The company has presence in Europe, Asia Pacific, The Americas, and Middle East and Africa. The company generates majority of revenue from Asia Pacific.
42GF Score
Get the complete analysis for STU:CQZ
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STU:CQZ has been successfully added to your 
