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ENEFI Asset ManagementWAR:EST 48 Net-Net Working Capital is zł2.42 as of Dec. 2025. GuruFocus rates WAR:EST with a GF Score™ of 48/100 and a GF Value™ of zł1.53. The stock has 3 warning signs investors should review. Among 64 Utilities - Independent Power Producers companies, ENEFI Asset Management ranks better than 89.06% 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.
ENEFI Asset Management's Net-Net Working Capital for the quarter that ended in Dec. 2025 was zł2.42.
The industry rank for ENEFI Asset Management's Net-Net Working Capital or its related term are showing as below:
WAR:EST's Price-to-Net-Net-Working-Capital is ranked better than 89.06% of 64
companies
in the Utilities - Independent Power Producers industry
Industry Median: 6.765
vs WAR:EST: 1.04
ENEFI Asset Management (WAR:EST) 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.
ENEFI Asset Management Net-Net Working Capital Related Terms
ENEFI Asset Management Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for ENEFI Asset Management'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.
ENEFI Asset Management Net-Net Working Capital Chart
ENEFI Asset Management Net-Net Working Capital Competitor Comparison
For the Utilities - Renewable subindustry, ENEFI Asset Management'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.
ENEFI Asset Management Price-to-Net-Net-Working-Capital vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, ENEFI Asset Management's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ENEFI Asset Management'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 zł2.42 mean?
ENEFI Asset Management (WAR:EST) has a Net-Net Working Capital of zł2.42 as of Dec. 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 ENEFI Asset Management According to the industry distribution chart, ENEFI Asset Management ranks #7 out of 64 companies in the Utilities - Independent Power Producers industry, placing it in the top 10.9%.
Is ENEFI Asset Management's Net-Net Working Capital too high?
ENEFI Asset Management's current Net-Net Working Capital is zł2.42. Based on the distribution chart, ENEFI Asset Management ranks #7 out of 64 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, ENEFI Asset Management has a GF Score™ of 48/100, reflecting its overall financial health beyond just this single metric.
How does ENEFI Asset Management's Net-Net Working Capital compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, ENEFI Asset Management ranks #7 out of 64 companies for Net-Net Working Capital. This places ENEFI Asset Management in the top 11% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.77. 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 Utilities - Independent Power Producers company?
The median Net-Net Working Capital among Utilities - Independent Power Producers companies is 6.77, based on 64 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 ENEFI Asset Management For the Utilities - Independent Power Producers industry, the median Net-Net Working Capital is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENEFI Asset Management's current Net-Net Working Capital is zł2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENEFI Asset Management stock overvalued right now?
ENEFI Asset Management (WAR:EST) has a current Net-Net Working Capital of zł2.42. The stock's GF Value™ is zł1.53, compared to a current price of zł1.46 — trading 4.6% below its estimated fair value. The current Net-Net Working Capital is zł2.42. ENEFI Asset Management's overall GF Score™ is 48/100 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 ENEFI Asset Management (WAR:EST), the current Net-Net Working Capital is zł2.42 as of Dec. 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 ENEFI Asset Management (WAR:EST) Overvalued in 2026?
Based on GuruFocus' analysis, ENEFI Asset Management stock appears to be undervalued.
The current stock price of zł1.46 is trading 4.6% below its estimated GF Value™ of zł1.53.
Key valuation signals for WAR:EST:
Net-Net Working Capital: zł2.42
GF Value™: zł1.53 vs. price of zł1.46 (4.6% below fair value)
No single metric tells the full story. See the WAR:EST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ENEFI Asset Management PLC is an alternative energy company engaged in the production and sale of thermal energy, the revenue from the real estate assets is given into asset management, and the construction of a special facility (filling station). It offers heat supply, public lighting, and kitchen technology investments. The company operates in the following segments: the Energy sector; the Real segment, which currently has four branches: finance, tourism, real estate, and food industry; and the Capital market segment. The company derives the majority of its revenue from the Energy sector.
48GF Score
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