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.
ViasatVSAT +5.94%54 Net-Net Working Capital is $-60.59 as of Mar. 2026. GuruFocus rates VSAT with a GF Score™ of 54/100 and a GF Value™ of $19.18 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,200 Hardware companies, Viasat ranks worse than 83333.25% 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.
Viasat's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-60.59.
The industry rank for Viasat's Net-Net Working Capital or its related term are showing as below:
VSAT's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 8.895 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Viasat (NAS:VSAT) 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.
Viasat Net-Net Working Capital Related Terms
Viasat Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Viasat'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.
VSAT vs VIAV, AAOI, ZBRA: Net-Net Working Capital Comparison
For the Communication Equipment subindustry, Viasat'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.
Viasat Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Viasat's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Viasat'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 $-60.59 mean?
Viasat (VSAT) has a Net-Net Working Capital of $-60.59 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 Viasat According to the industry distribution chart, Viasat ranks #999999 out of 1200 companies in the Hardware industry.
Is Viasat's Net-Net Working Capital too high?
Viasat's current Net-Net Working Capital is $-60.59. Based on the distribution chart, Viasat ranks #999999 out of 1200 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Viasat has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Viasat's Net-Net Working Capital compare to VIAV and AAOI?
According to the Hardware industry distribution chart, Viasat ranks #999999 out of 1200 companies for Net-Net Working Capital. This places Viasat in the lower half of its industry. The industry median Net-Net Working Capital is 8.90. 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 8.90, based on 1,200 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 Viasat For the Hardware industry, the median Net-Net Working Capital is 8.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viasat's current Net-Net Working Capital is $-60.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viasat stock overvalued right now?
Based on GuruFocus' analysis, Viasat (VSAT) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.18, compared to a current price of $86.16 — trading 349.2% above its estimated fair value. The current Net-Net Working Capital is $-60.59. Viasat's overall GF Score™ is 54/100 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 Viasat (VSAT), the current Net-Net Working Capital is $-60.59 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 Viasat (VSAT) Overvalued in 2026?
Based on GuruFocus' analysis, Viasat stock appears to be overvalued.
The current stock price of $86.16 is trading 349.2% above its estimated GF Value™ of $19.18.
GuruFocus considers Viasat to be Significantly Overvalued.
Key valuation signals for VSAT:
Net-Net Working Capital: $-60.59
GF Value™: $19.18 vs. price of $86.16 (349.2% above fair value)
No single metric tells the full story. See the VSAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Viasat Inc is an innovative, global provider of communications technologies and services focused on making connectivity accessible, available and secure for current and future customers world'wide. The company has two reportable segments: communication services and defense and advanced technologies. The company generates majority of revenue from communication services segment provides a wide range of broadband and narrowband communications solutions across government and commercial mobility markets, as well as for residential and enterprise fixed broadband customers. The company has presence in US and Outside US. The company generates majority of revenue from US. Its products are Antennas, Terminals & radios, Modems, Semiconductors, Cybersecurity, Software & services, Home internet.
54GF Score
Get the complete analysis for VSAT
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
VSAT has been successfully added to your 
