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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.
Vishay Precision Group's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $3.49.
The industry rank for Vishay Precision Group's Net-Net Working Capital or its related term are showing as below:
VPG's Price-to-Net-Net-Working-Capital is ranked worse than 69.86% of 1148
companies
in the Hardware industry
Industry Median: 9.015
vs VPG: 18.05
Vishay Precision Group (NYSE:VPG) 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.
Vishay Precision Group Net-Net Working Capital Related Terms
Vishay Precision Group Net-Net Working Capital Historical Data
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The historical data trend for Vishay Precision Group'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.
Vishay Precision Group Net-Net Working Capital Chart
VPG vs MLAB, ITRN, AERG: Net-Net Working Capital Comparison
For the Scientific & Technical Instruments subindustry, Vishay Precision 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.
Vishay Precision Group Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Vishay Precision Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Vishay Precision 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 $3.49 mean?
Vishay Precision Group (VPG) has a Net-Net Working Capital of $3.49 as of Jun. 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 Vishay Precision Group According to the industry distribution chart, Vishay Precision Group ranks #802 out of 1148 companies in the Hardware industry, placing it in the top 69.9%.
Is Vishay Precision Group's Net-Net Working Capital too high?
Vishay Precision Group's current Net-Net Working Capital is $3.49. The Hardware industry median Net-Net Working Capital is 9.02. Vishay Precision Group's value of $3.49 is 61.3% below this industry median. Based on the distribution chart, Vishay Precision Group ranks #802 out of 1148 companies in the Hardware industry, which is below the industry midpoint. Overall, Vishay Precision Group has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vishay Precision Group's Net-Net Working Capital compare to MLAB and ITRN?
According to the Hardware industry distribution chart, Vishay Precision Group ranks #802 out of 1148 companies for Net-Net Working Capital. This places Vishay Precision Group in the lower half of its industry. The industry median Net-Net Working Capital is 9.02. Vishay Precision Group's value of $3.49 is 61.3% 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 9.02, based on 1,148 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. Vishay Precision Group's current Net-Net Working Capital of $3.49 is 61.3% 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 Vishay Precision Group For the Hardware industry, the median Net-Net Working Capital is 9.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vishay Precision Group's current Net-Net Working Capital is $3.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vishay Precision Group stock overvalued right now?
Based on GuruFocus' analysis, Vishay Precision Group (VPG) is currently considered Significantly Overvalued. The stock's GF Value™ is $31.74, compared to a current price of $63.01 — trading 98.5% above its estimated fair value. The current Net-Net Working Capital is $3.49 and 61.3% below the Hardware industry median of 9.02. Vishay Precision Group's overall GF Score™ is 69/100 with 3 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 Vishay Precision Group (VPG), the current Net-Net Working Capital is $3.49 as of Jun. 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 Vishay Precision Group (VPG) Overvalued in 2026?
Based on GuruFocus' analysis, Vishay Precision Group stock appears to be overvalued.
The current stock price of $63.01 is trading 98.5% above its estimated GF Value™ of $31.74.
GuruFocus considers Vishay Precision Group to be Significantly Overvalued.
Key valuation signals for VPG:
Net-Net Working Capital: $3.49
GF Value™: $31.74 vs. price of $63.01 (98.5% above fair value)
Industry Position: 61.3% below the Hardware median (#802 of 1148)
No single metric tells the full story. See the VPG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vishay Precision Group Inc manufactures and markets sensors and sensor-based measurement systems, as well as specialty resistors and strain gages based on proprietary technology. The company provides precision products and solutions, many of which are designed-in by customers, specializing in the growing markets of stress, force, weight, pressure, and current measurements. The company reports in three product segments: Sensors segment, Weighing Solutions segment, and Measurement Systems segment. It has a business presence in the United States and other countries. It generates the maximum of its revenue from the United States.
69GF Score
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