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RelpolWAR:RLP +2.00%72 Net-Net Working Capital is zł0.30 as of Mar. 2026. GuruFocus rates WAR:RLP with a GF Score™ of 72/100 and a GF Value™ of zł5.02 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,354 Industrial Products companies, Relpol ranks worse than 73.12% 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.
Relpol's Net-Net Working Capital for the quarter that ended in Mar. 2026 was zł0.30.
The industry rank for Relpol's Net-Net Working Capital or its related term are showing as below:
WAR:RLP's Price-to-Net-Net-Working-Capital is ranked worse than 73.12% of 1354
companies
in the Industrial Products industry
Industry Median: 8.22
vs WAR:RLP: 20.40
Relpol (WAR:RLP) 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.
Relpol Net-Net Working Capital Related Terms
Relpol Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Relpol'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:RLP vs VRT, BE, HUBB: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, Relpol'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.
Relpol Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Relpol's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Relpol'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 zł0.30 mean?
Relpol (WAR:RLP) has a Net-Net Working Capital of zł0.30 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 Relpol According to the industry distribution chart, Relpol ranks #990 out of 1354 companies in the Industrial Products industry, placing it in the top 73.1%.
Is Relpol's Net-Net Working Capital too high?
Relpol's current Net-Net Working Capital is zł0.30. Based on the distribution chart, Relpol ranks #990 out of 1354 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Relpol has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Relpol's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Relpol ranks #990 out of 1354 companies for Net-Net Working Capital. This places Relpol in the lower half of its industry. The industry median Net-Net Working Capital is 8.22. 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 8.22, based on 1,354 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 Relpol For the Industrial Products industry, the median Net-Net Working Capital is 8.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Relpol's current Net-Net Working Capital is zł0.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Relpol stock overvalued right now?
Based on GuruFocus' analysis, Relpol (WAR:RLP) is currently considered Modestly Overvalued. The stock's GF Value™ is zł5.02, compared to a current price of zł6.12 — trading 21.9% above its estimated fair value. The current Net-Net Working Capital is zł0.30. Relpol'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 Relpol (WAR:RLP), the current Net-Net Working Capital is zł0.30 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 Relpol (WAR:RLP) Overvalued in 2026?
Based on GuruFocus' analysis, Relpol stock appears to be overvalued.
The current stock price of zł6.12 is trading 21.9% above its estimated GF Value™ of zł5.02.
GuruFocus considers Relpol to be Modestly Overvalued.
Key valuation signals for WAR:RLP:
Net-Net Working Capital: zł0.30
GF Value™: zł5.02 vs. price of zł6.12 (21.9% above fair value)
No single metric tells the full story. See the WAR:RLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Relpol SA is a Poland based company engaged in the manufacturing of electromechanical relay and relay sockets used in electric circuit control of machines and equipment, vehicles, domestic appliances, and electronics. The products of the company are Astronomical and digital clocks , Electricity consumption meters , Switching Power Supplies , Solid State Relays Surge arresters, Power Controllers, Installation contactors, Plug sockets for 35 mm rail GSR NEW, Signal relays, Industrial bistable relays, Miniature relays, Plug-in industrial relays, High current relays, Modular installation relays, Interface relays, Relays for railways, Sockets and accessories, Programmable relays, Time relays .and others.
72GF Score
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