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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.
ING Bank Slaski's Net-Net Working Capital for the quarter that ended in Mar. 2026 was zł-2,087.36.
The industry rank for ING Bank Slaski's Net-Net Working Capital or its related term are showing as below:
WAR:ING's Price-to-Net-Net-Working-Capital is not ranked *
in the Banks industry.
Industry Median: 1.79 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
ING Bank Slaski (WAR:ING) 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.
ING Bank Slaski Net-Net Working Capital Related Terms
ING Bank Slaski Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for ING Bank Slaski'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.
WAR:ING vs PNC: Net-Net Working Capital Comparison
For the Banks - Regional subindustry, ING Bank Slaski'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.
ING Bank Slaski Price-to-Net-Net-Working-Capital vs Banks Industry
For the Banks industry and Financial Services sector, ING Bank Slaski's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ING Bank Slaski'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 zł-2,087.36 mean?
ING Bank Slaski (WAR:ING) has a Net-Net Working Capital of zł-2,087.36 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 ING Bank Slaski According to the industry distribution chart, ING Bank Slaski ranks #999999 out of 8 companies in the Banks industry.
Is ING Bank Slaski's Net-Net Working Capital too high?
ING Bank Slaski's current Net-Net Working Capital is zł-2,087.36. Based on the distribution chart, ING Bank Slaski ranks #999999 out of 8 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, ING Bank Slaski has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ING Bank Slaski's Net-Net Working Capital compare to PNC?
According to the Banks industry distribution chart, ING Bank Slaski ranks #999999 out of 8 companies for Net-Net Working Capital. This places ING Bank Slaski in the lower half of its industry. The industry median Net-Net Working Capital is 1.79. 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 Banks company?
The median Net-Net Working Capital among Banks companies is 1.79, based on 8 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 ING Bank Slaski For the Banks industry, the median Net-Net Working Capital is 1.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ING Bank Slaski's current Net-Net Working Capital is zł-2,087.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ING Bank Slaski stock overvalued right now?
Based on GuruFocus' analysis, ING Bank Slaski (WAR:ING) is currently considered Significantly Overvalued. The stock's GF Value™ is zł321.82, compared to a current price of zł443.00 — trading 37.7% above its estimated fair value. The current Net-Net Working Capital is zł-2,087.36. ING Bank Slaski's overall GF Score™ is 72/100 with 9 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 ING Bank Slaski (WAR:ING), the current Net-Net Working Capital is zł-2,087.36 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 ING Bank Slaski (WAR:ING) Overvalued in 2026?
Based on GuruFocus' analysis, ING Bank Slaski stock appears to be overvalued.
The current stock price of zł443.00 is trading 37.7% above its estimated GF Value™ of zł321.82.
GuruFocus considers ING Bank Slaski to be Significantly Overvalued.
Key valuation signals for WAR:ING:
Net-Net Working Capital: zł-2,087.36
GF Value™: zł321.82 vs. price of zł443.00 (37.7% above fair value)
No single metric tells the full story. See the WAR:ING stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ING Bank Slaski SA offers a broad range of banking services rendered to individual and institutional clients in line with the scope of services outlined in the Bank's charter. The Bank runs operations both in the home currency and in foreign currencies. Additionally, through subsidiaries, the Group conducts leasing and factoring activity, advisory and acts as a financial intermediary as well as provides other financial services. The Group's business model includes the division of clients into two main segments namely the retail banking segment and corporate banking segment. The Group pursues business within the territory of the Republic of Poland.
72GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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