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3SBioTRSBF -2.27%89 Net-Net Working Capital is $0.66 as of Dec. 2025. GuruFocus rates TRSBF with a GF Score™ of 89/100 and a GF Value™ of $1.53 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 818 Biotechnology companies, 3SBio ranks better than 64.18% 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.
3SBio's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $0.66.
The industry rank for 3SBio's Net-Net Working Capital or its related term are showing as below:
TRSBF's Price-to-Net-Net-Working-Capital is ranked better than 64.18% of 818
companies
in the Biotechnology industry
Industry Median: 5.3
vs TRSBF: 3.47
3SBio (OTCPK:TRSBF) 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.
3SBio Net-Net Working Capital Related Terms
3SBio Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for 3SBio'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.
TRSBF vs VRTX, REGN, RVMD: Net-Net Working Capital Comparison
For the Biotechnology subindustry, 3SBio'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.
3SBio Price-to-Net-Net-Working-Capital vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, 3SBio's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where 3SBio'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 $0.66 mean?
3SBio (TRSBF) has a Net-Net Working Capital of $0.66 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 3SBio According to the industry distribution chart, 3SBio ranks #293 out of 818 companies in the Biotechnology industry, placing it in the top 35.8%.
Is 3SBio's Net-Net Working Capital too high?
3SBio's current Net-Net Working Capital is $0.66. The Biotechnology industry median Net-Net Working Capital is 5.30. 3SBio's value of $0.66 is 87.5% below this industry median. Based on the distribution chart, 3SBio ranks #293 out of 818 companies in the Biotechnology industry, which is above the industry midpoint. Overall, 3SBio has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does 3SBio's Net-Net Working Capital compare to VRTX and REGN?
According to the Biotechnology industry distribution chart, 3SBio ranks #293 out of 818 companies for Net-Net Working Capital. This puts 3SBio in the upper half of its industry. The industry median Net-Net Working Capital is 5.30. 3SBio's value of $0.66 is 87.5% 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 Biotechnology company?
The median Net-Net Working Capital among Biotechnology companies is 5.30, based on 818 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. 3SBio's current Net-Net Working Capital of $0.66 is 87.5% 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 3SBio 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. 3SBio's current Net-Net Working Capital is $0.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is 3SBio stock overvalued right now?
Based on GuruFocus' analysis, 3SBio (TRSBF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.53, compared to a current price of $2.15 — trading 40.5% above its estimated fair value. The current Net-Net Working Capital is $0.66 and 87.5% below the Biotechnology industry median of 5.30. 3SBio's overall GF Score™ is 89/100 with 1 warning sign 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 3SBio (TRSBF), the current Net-Net Working Capital is $0.66 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 3SBio (TRSBF) Overvalued in 2026?
Based on GuruFocus' analysis, 3SBio stock appears to be overvalued.
The current stock price of $2.15 is trading 40.5% above its estimated GF Value™ of $1.53.
GuruFocus considers 3SBio to be Modestly Overvalued.
Key valuation signals for TRSBF:
Net-Net Working Capital: $0.66
GF Value™: $1.53 vs. price of $2.15 (40.5% above fair value)
Industry Position: 87.5% below the Biotechnology median (#293 of 818)
No single metric tells the full story. See the TRSBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
3SBio Inc is an investment holding company. It is a primary biotechnology company. The company is principally engaged in the development, production, marketing and sale of biopharmaceutical products in the People's Republic of China. The group has only one operating segment. It has presence in Chinese mainland, USA, Other countries/regions. The majority of revenue comes from USA. The core commercialized products of the group include several bio-pharmaceutical drugs, namely, TPIAO, recombinant human erythropoietin (rhEPO) products EPIAO and SEPO, Yisaipu and Cipterbin, and a small molecule drug, Mandi series of minoxidil drugs.
89GF Score
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