Elektrotim (WAR:ELT) Net-Net Working Capital: zł0.61 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

WAR:ELT Elektrotim SA WAR:ELT
77 GF Score
Price zł67.95
GF Value zł44.05
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Elektrotim Net-Net Working Capital?

Elektrotim WAR:ELT -0.07% 77 Net-Net Working Capital is zł0.61 as of Mar. 2026. GuruFocus rates WAR:ELT with a GF Score™ of 77/100 and a GF Value™ of zł44.05 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,306 Industrial Products companies, Elektrotim ranks worse than 95.1% 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.

Elektrotim's Net-Net Working Capital for the quarter that ended in Mar. 2026 was zł0.61.

The industry rank for Elektrotim's Net-Net Working Capital or its related term are showing as below:

WAR:ELT's Price-to-Net-Net-Working-Capital is ranked worse than
95.1% of 1306 companies
in the Industrial Products industry
Industry Median: 8.09 vs WAR:ELT: 111.39

Elektrotim  (WAR:ELT) 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.


Elektrotim Net-Net Working Capital Related Terms


Elektrotim Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Elektrotim'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.

Elektrotim Net-Net Working Capital Chart

Elektrotim Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.11 -4.30 -0.46 -1.07 -4.75

Elektrotim Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.67 -6.62 -4.24 -4.75 0.61

WAR:ELT vs VRT, BE: Net-Net Working Capital Comparison

For the Electrical Equipment & Parts subindustry, Elektrotim'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.


Elektrotim Price-to-Net-Net-Working-Capital vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Elektrotim's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Elektrotim's Price-to-Net-Net-Working-Capital falls into.


WAR:ELT
77GF Score
Elektrotim SA WAR:ELT
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Elektrotim Net-Net Working Capital Calculation

Elektrotim's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(12.539+0.75 * 160.818+0.5 * 2.693-181.576
-0-0.338)/9.983
=-4.75

Elektrotim's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(44.002+0.75 * 74.187+0.5 * 4.046-95.319
-0-0.236)/9.983
=0.61

* 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 zł0.61 mean?
Elektrotim (WAR:ELT) has a Net-Net Working Capital of zł0.61 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 Elektrotim According to the industry distribution chart, Elektrotim ranks #1242 out of 1306 companies in the Industrial Products industry, placing it in the top 95.1%.
Is Elektrotim's Net-Net Working Capital too high?
Elektrotim's current Net-Net Working Capital is zł0.61. Based on the distribution chart, Elektrotim ranks #1242 out of 1306 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Elektrotim has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elektrotim's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Elektrotim ranks #1242 out of 1306 companies for Net-Net Working Capital. This places Elektrotim in the lower half of its industry. The industry median Net-Net Working Capital is 8.09. 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 8.09, based on 1,306 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 Elektrotim For the Industrial Products industry, the median Net-Net Working Capital is 8.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elektrotim's current Net-Net Working Capital is zł0.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elektrotim stock overvalued right now?
Based on GuruFocus' analysis, Elektrotim (WAR:ELT) is currently considered Significantly Overvalued. The stock's GF Value™ is zł44.05, compared to a current price of zł67.95 — trading 54.3% above its estimated fair value. The current Net-Net Working Capital is zł0.61. Elektrotim's overall GF Score™ is 77/100 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 Elektrotim (WAR:ELT), the current Net-Net Working Capital is zł0.61 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 Elektrotim (WAR:ELT) Overvalued in 2026?

Based on GuruFocus' analysis, Elektrotim stock appears to be overvalued. The current stock price of zł67.95 is trading 54.3% above its estimated GF Value™ of zł44.05. GuruFocus considers Elektrotim to be Significantly Overvalued.

Key valuation signals for WAR:ELT:

  • Net-Net Working Capital: zł0.61
  • GF Value™: zł44.05 vs. price of zł67.95 (54.3% above fair value)
  • GF Score™: 77/100 with 7 warning signs

No single metric tells the full story. See the WAR:ELT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Elektrotim Business Description

Address ul Stargardzka 8, Wroclaw, POL, 54-156
Elektrotim SA together with its subsidiaries is involved in providing, installation, networks, high voltage, and project management services in Poland. It offers electrical installations, such as electrical switchgear, power distribution wiring systems, and low-current wiring systems; and maintenance for traffic engineering, traffic signals and lighting, and sanitary networks.
77GF Score

Get the complete analysis for WAR:ELT

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł67.95
Price
zł44.05
GF Value