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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.
Flughafen Wien AG's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-1.31.
The industry rank for Flughafen Wien AG's Net-Net Working Capital or its related term are showing as below:
VIAAY's Price-to-Net-Net-Working-Capital is not ranked *
in the Transportation industry.
Industry Median: 6.34 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Flughafen Wien AG (OTCPK:VIAAY) 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.
Flughafen Wien AG Net-Net Working Capital Related Terms
Flughafen Wien AG Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Flughafen Wien AG'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.
VIAAY vs JOBY, CAAP: Net-Net Working Capital Comparison
For the Airports & Air Services subindustry, Flughafen Wien AG'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.
Flughafen Wien AG Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Flughafen Wien AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Flughafen Wien AG'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 $-1.31 mean?
Flughafen Wien AG (VIAAY) has a Net-Net Working Capital of $-1.31 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 Flughafen Wien AG According to the industry distribution chart, Flughafen Wien AG ranks #999999 out of 219 companies in the Transportation industry.
Is Flughafen Wien AG's Net-Net Working Capital too high?
Flughafen Wien AG's current Net-Net Working Capital is $-1.31. Based on the distribution chart, Flughafen Wien AG ranks #999999 out of 219 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Flughafen Wien AG has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Flughafen Wien AG's Net-Net Working Capital compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Flughafen Wien AG ranks #999999 out of 219 companies for Net-Net Working Capital. This places Flughafen Wien AG in the lower half of its industry. The industry median Net-Net Working Capital is 6.34. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.34, based on 219 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 Flughafen Wien AG For the Transportation industry, the median Net-Net Working Capital is 6.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flughafen Wien AG's current Net-Net Working Capital is $-1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flughafen Wien AG stock overvalued right now?
Flughafen Wien AG (VIAAY) has a current Net-Net Working Capital of $-1.31. The stock's GF Value™ is $14.57, compared to a current price of $12.74 — trading 12.6% below its estimated fair value. The current Net-Net Working Capital is $-1.31. Flughafen Wien AG's overall GF Score™ is 77/100 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 Flughafen Wien AG (VIAAY), the current Net-Net Working Capital is $-1.31 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 Flughafen Wien AG (VIAAY) Overvalued in 2026?
Based on GuruFocus' analysis, Flughafen Wien AG stock appears to be undervalued.
The current stock price of $12.74 is trading 12.6% below its estimated GF Value™ of $14.57.
Key valuation signals for VIAAY:
Net-Net Working Capital: $-1.31
GF Value™: $14.57 vs. price of $12.74 (12.6% below fair value)
No single metric tells the full story. See the VIAAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flughafen Wien AG manages and operates an airport. The company's segment includes Airport; Handling and Security Services; Retail and Properties; Malta and others. It generates maximum revenue from the Airport segment which is responsible for the operation and maintenance of all movement areas of the terminal, all the facilities involved in passenger and baggage handling as well as the security controls for passengers and hand luggage at Vienna Airport. The tasks of acquiring new airline customers and increasing the number of destinations offered are also assigned to this segment.
77GF Score
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