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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.
Wah Fu Education Group's Net-Net Working Capital for the quarter that ended in Sep. 2025 was $1.07.
The industry rank for Wah Fu Education Group's Net-Net Working Capital or its related term are showing as below:
WAFU's Price-to-Net-Net-Working-Capital is ranked better than 83.52% of 91
companies
in the Education industry
Industry Median: 5.04
vs WAFU: 1.46
Wah Fu Education Group (NAS:WAFU) 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.
Wah Fu Education Group Net-Net Working Capital Related Terms
Wah Fu Education Group Net-Net Working Capital Historical Data
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The historical data trend for Wah Fu Education 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.
Wah Fu Education Group Net-Net Working Capital Chart
WAFU vs AMBO, ASPU, VSA: Net-Net Working Capital Comparison
For the Education & Training Services subindustry, Wah Fu Education 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.
Wah Fu Education Group Price-to-Net-Net-Working-Capital vs Education Industry
For the Education industry and Consumer Defensive sector, Wah Fu Education Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Wah Fu Education 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 $1.07 mean?
Wah Fu Education Group (WAFU) has a Net-Net Working Capital of $1.07 as of Sep. 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 Wah Fu Education Group According to the industry distribution chart, Wah Fu Education Group ranks #15 out of 91 companies in the Education industry, placing it in the top 16.5%.
Is Wah Fu Education Group's Net-Net Working Capital too high?
Wah Fu Education Group's current Net-Net Working Capital is $1.07. The Education industry median Net-Net Working Capital is 5.04. Wah Fu Education Group's value of $1.07 is 78.8% below this industry median. Based on the distribution chart, Wah Fu Education Group ranks #15 out of 91 companies in the Education industry, which is in the top quartile — a strong position relative to peers. Overall, Wah Fu Education Group has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Wah Fu Education Group's Net-Net Working Capital compare to AMBO and ASPU?
According to the Education industry distribution chart, Wah Fu Education Group ranks #15 out of 91 companies for Net-Net Working Capital. This places Wah Fu Education Group in the top 17% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 5.04. Wah Fu Education Group's value of $1.07 is 78.8% 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 Education company?
The median Net-Net Working Capital among Education companies is 5.04, based on 91 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. Wah Fu Education Group's current Net-Net Working Capital of $1.07 is 78.8% 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 Wah Fu Education Group For the Education industry, the median Net-Net Working Capital is 5.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wah Fu Education Group's current Net-Net Working Capital is $1.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wah Fu Education Group stock overvalued right now?
Based on GuruFocus' analysis, Wah Fu Education Group (WAFU) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.26, compared to a current price of $1.56 — trading 23.8% above its estimated fair value. The current Net-Net Working Capital is $1.07 and 78.8% below the Education industry median of 5.04. Wah Fu Education Group's overall GF Score™ is 69/100 with 4 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 Wah Fu Education Group (WAFU), the current Net-Net Working Capital is $1.07 as of Sep. 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 Wah Fu Education Group (WAFU) Overvalued in 2026?
Based on GuruFocus' analysis, Wah Fu Education Group stock appears to be overvalued.
The current stock price of $1.56 is trading 23.8% above its estimated GF Value™ of $1.26.
GuruFocus considers Wah Fu Education Group to be Modestly Overvalued.
Key valuation signals for WAFU:
Net-Net Working Capital: $1.07
GF Value™: $1.26 vs. price of $1.56 (23.8% above fair value)
Industry Position: 78.8% below the Education median (#15 of 91)
No single metric tells the full story. See the WAFU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wah Fu Education Group Ltd is involved in providing online exam preparation services and related technology solutions, and also produces online training course materials in China. It develops online educational materials that are offered through the cloud and that can be used for a wide range of purposes, such as standard examination preparation, professional training, and interactive programs for educational purposes other than exam preparation. Its segments are Online Education Services and Technological Development and Operation Service. The company generates maximum revenue from the Online Education Services segment.
69GF Score
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