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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.
Poltronic Allotment cert's Net-Net Working Capital for the quarter that ended in Jun. 2026 was zł0.23.
The industry rank for Poltronic Allotment cert's Net-Net Working Capital or its related term are showing as below:
WAR:PTN's Price-to-Net-Net-Working-Capital is ranked better than 79.79% of 1158
companies
in the Hardware industry
Industry Median: 9.21
vs WAR:PTN: 3.09
Poltronic Allotment cert (WAR:PTN) 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.
Poltronic Allotment cert Net-Net Working Capital Related Terms
Poltronic Allotment cert Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Poltronic Allotment cert'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.
Poltronic Allotment cert Net-Net Working Capital Chart
WAR:PTN vs SNX, ARW, AVT: Net-Net Working Capital Comparison
For the Electronics & Computer Distribution subindustry, Poltronic Allotment cert'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.
Poltronic Allotment cert Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Poltronic Allotment cert's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Poltronic Allotment cert'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 zł0.23 mean?
Poltronic Allotment cert (WAR:PTN) has a Net-Net Working Capital of zł0.23 as of Jun. 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 Poltronic Allotment cert According to the industry distribution chart, Poltronic Allotment cert ranks #234 out of 1158 companies in the Hardware industry, placing it in the top 20.2%.
Is Poltronic Allotment cert's Net-Net Working Capital too high?
Poltronic Allotment cert's current Net-Net Working Capital is zł0.23. Based on the distribution chart, Poltronic Allotment cert ranks #234 out of 1158 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Poltronic Allotment cert has a GF Score™ of 48/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Poltronic Allotment cert's Net-Net Working Capital compare to SNX and ARW?
According to the Hardware industry distribution chart, Poltronic Allotment cert ranks #234 out of 1158 companies for Net-Net Working Capital. This places Poltronic Allotment cert in the top 20% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 9.21. 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 9.21, based on 1,158 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 Poltronic Allotment cert For the Hardware industry, the median Net-Net Working Capital is 9.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Poltronic Allotment cert's current Net-Net Working Capital is zł0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Poltronic Allotment cert stock overvalued right now?
Based on GuruFocus' analysis, Poltronic Allotment cert (WAR:PTN) is currently considered Fairly Valued. The stock's GF Value™ is zł0.72, compared to a current price of zł0.68 — trading 5.6% below its estimated fair value. The current Net-Net Working Capital is zł0.23. Poltronic Allotment cert's overall GF Score™ is 48/100 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 Poltronic Allotment cert (WAR:PTN), the current Net-Net Working Capital is zł0.23 as of Jun. 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 Poltronic Allotment cert (WAR:PTN) Overvalued in 2026?
Based on GuruFocus' analysis, Poltronic Allotment cert stock appears to be undervalued.
The current stock price of zł0.68 is trading 5.6% below its estimated GF Value™ of zł0.72.
GuruFocus considers Poltronic Allotment cert to be Fairly Valued.
Key valuation signals for WAR:PTN:
Net-Net Working Capital: zł0.23
GF Value™: zł0.72 vs. price of zł0.68 (5.6% below fair value)
No single metric tells the full story. See the WAR:PTN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Poltronic SA Allotment cert is an importer and distributor of electrical products. The company is engaged in supplying LED lighting systems, compact tools and ecological infrared heating to the Polish and European market. Its clients are main distributors of retail and wholesale, business clients, manufacturing & service companies and individual customers.
48GF 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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