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NTT SystemWAR:NTT +2.59%72 Net-Net Working Capital is zł2.20 as of Mar. 2026. GuruFocus rates WAR:NTT with a GF Score™ of 72/100 and a GF Value™ of zł6.84 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,151 Hardware companies, NTT System ranks better than 57.95% 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.
NTT System's Net-Net Working Capital for the quarter that ended in Mar. 2026 was zł2.20.
The industry rank for NTT System's Net-Net Working Capital or its related term are showing as below:
WAR:NTT's Price-to-Net-Net-Working-Capital is ranked better than 57.95% of 1151
companies
in the Hardware industry
Industry Median: 9.04
vs WAR:NTT: 7.20
NTT System (WAR:NTT) 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.
NTT System Net-Net Working Capital Related Terms
NTT System Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for NTT System'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:NTT vs DELL, ANET, SNDK: Net-Net Working Capital Comparison
For the Computer Hardware subindustry, NTT System'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.
NTT System Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, NTT System's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where NTT System'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 zł2.20 mean?
NTT System (WAR:NTT) has a Net-Net Working Capital of zł2.20 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 NTT System According to the industry distribution chart, NTT System ranks #484 out of 1151 companies in the Hardware industry, placing it in the top 42.1%.
Is NTT System's Net-Net Working Capital too high?
NTT System's current Net-Net Working Capital is zł2.20. Based on the distribution chart, NTT System ranks #484 out of 1151 companies in the Hardware industry, which is above the industry midpoint. Overall, NTT System has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NTT System's Net-Net Working Capital compare to DELL and ANET?
According to the Hardware industry distribution chart, NTT System ranks #484 out of 1151 companies for Net-Net Working Capital. This puts NTT System in the upper half of its industry. The industry median Net-Net Working Capital is 9.04. 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 9.04, based on 1,151 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 NTT System For the Hardware industry, the median Net-Net Working Capital is 9.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NTT System's current Net-Net Working Capital is zł2.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NTT System stock overvalued right now?
Based on GuruFocus' analysis, NTT System (WAR:NTT) is currently considered Significantly Overvalued. The stock's GF Value™ is zł6.84, compared to a current price of zł15.85 — trading 131.7% above its estimated fair value. The current Net-Net Working Capital is zł2.20. NTT System's overall GF Score™ is 72/100 with 6 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 NTT System (WAR:NTT), the current Net-Net Working Capital is zł2.20 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 NTT System (WAR:NTT) Overvalued in 2026?
Based on GuruFocus' analysis, NTT System stock appears to be overvalued.
The current stock price of zł15.85 is trading 131.7% above its estimated GF Value™ of zł6.84.
GuruFocus considers NTT System to be Significantly Overvalued.
Key valuation signals for WAR:NTT:
Net-Net Working Capital: zł2.20
GF Value™: zł6.84 vs. price of zł15.85 (131.7% above fair value)
No single metric tells the full story. See the WAR:NTT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NTT System SA is a manufacturer of desktop computers, supplied both private label and brand commissioned. It is one of the distributors of accessories, components, and peripherals in Poland. The company serves institutional, individual and business clients. It offers news and promotion, servers, computers, e-sport system, tablets, inks and toners, and accessories.
72GF Score
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