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VelanVLNSF 62 Net-Net Working Capital is $0.47 as of May. 2026. GuruFocus rates VLNSF with a GF Score™ of 62/100 and a GF Value™ of $9.24 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,358 Industrial Products companies, Velan ranks worse than 79.38% 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.
Velan's Net-Net Working Capital for the quarter that ended in May. 2026 was $0.47.
The industry rank for Velan's Net-Net Working Capital or its related term are showing as below:
VLNSF's Price-to-Net-Net-Working-Capital is ranked worse than 79.38% of 1358
companies
in the Industrial Products industry
Industry Median: 8.155
vs VLNSF: 28.42
Velan (OTCPK:VLNSF) 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.
Velan Net-Net Working Capital Related Terms
Velan Net-Net Working Capital Historical Data
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The historical data trend for Velan'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.
VLNSF vs GEV, ETN, PH: Net-Net Working Capital Comparison
For the Specialty Industrial Machinery subindustry, Velan'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.
Velan Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Velan's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Velan'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 $0.47 mean?
Velan (VLNSF) has a Net-Net Working Capital of $0.47 as of May. 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 Velan According to the industry distribution chart, Velan ranks #1078 out of 1358 companies in the Industrial Products industry, placing it in the top 79.4%.
Is Velan's Net-Net Working Capital too high?
Velan's current Net-Net Working Capital is $0.47. The Industrial Products industry median Net-Net Working Capital is 8.16. Velan's value of $0.47 is 94.2% below this industry median. Based on the distribution chart, Velan ranks #1078 out of 1358 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Velan has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Velan's Net-Net Working Capital compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Velan ranks #1078 out of 1358 companies for Net-Net Working Capital. This places Velan in the lower half of its industry. The industry median Net-Net Working Capital is 8.16. Velan's value of $0.47 is 94.2% 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 an Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.16, based on 1,358 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. Velan's current Net-Net Working Capital of $0.47 is 94.2% 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 Velan For the Industrial Products industry, the median Net-Net Working Capital is 8.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Velan's current Net-Net Working Capital is $0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Velan stock overvalued right now?
Based on GuruFocus' analysis, Velan (VLNSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $9.24, compared to a current price of $12.79 — trading 38.4% above its estimated fair value. The current Net-Net Working Capital is $0.47 and 94.2% below the Industrial Products industry median of 8.16. Velan's overall GF Score™ is 62/100 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 Velan (VLNSF), the current Net-Net Working Capital is $0.47 as of May. 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 Velan (VLNSF) Overvalued in 2026?
Based on GuruFocus' analysis, Velan stock appears to be overvalued.
The current stock price of $12.79 is trading 38.4% above its estimated GF Value™ of $9.24.
GuruFocus considers Velan to be Significantly Overvalued.
Key valuation signals for VLNSF:
Net-Net Working Capital: $0.47
GF Value™: $9.24 vs. price of $12.79 (38.4% above fair value)
Industry Position: 94.2% below the Industrial Products median (#1078 of 1358)
No single metric tells the full story. See the VLNSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Velan Inc is an international manufacturer of industrial valves. The company offers products such as Gate valves, check valves, cryogenic, steam traps, and others, which are used in various industries including power generation, oil and gas, refining and petrochemicals, chemical, liquid natural gas (LNG) and cryogenics, mining, shipbuilding, water, and wastewater. It operates in various geographical regions: Canada, the United States, France, Italy, and Other countries.
62GF Score
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