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Ctac NVXAMS:CTAC 77 Net-Net Working Capital is €-1.53 as of Dec. 2025. GuruFocus rates XAMS:CTAC with a GF Score™ of 77/100 and a GF Value™ of €3.46 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,256 Software companies, Ctac NV ranks worse than 79617.75% 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.
Ctac NV's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €-1.53.
The industry rank for Ctac NV's Net-Net Working Capital or its related term are showing as below:
XAMS:CTAC's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.1 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Ctac NV (XAMS:CTAC) 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.
Ctac NV Net-Net Working Capital Related Terms
Ctac NV Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Ctac NV'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.
XAMS:CTAC vs IBM, ACN, FISV: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, Ctac NV'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.
Ctac NV Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Ctac NV's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ctac NV'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 €-1.53 mean?
Ctac NV (XAMS:CTAC) has a Net-Net Working Capital of €-1.53 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 Ctac NV According to the industry distribution chart, Ctac NV ranks #999999 out of 1256 companies in the Software industry.
Is Ctac NV's Net-Net Working Capital too high?
Ctac NV's current Net-Net Working Capital is €-1.53. Based on the distribution chart, Ctac NV ranks #999999 out of 1256 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Ctac NV has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ctac NV's Net-Net Working Capital compare to IBM and ACN?
According to the Software industry distribution chart, Ctac NV ranks #999999 out of 1256 companies for Net-Net Working Capital. This places Ctac NV in the lower half of its industry. The industry median Net-Net Working Capital is 7.10. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.10, based on 1,256 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 Ctac NV For the Software industry, the median Net-Net Working Capital is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ctac NV's current Net-Net Working Capital is €-1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ctac NV stock overvalued right now?
Based on GuruFocus' analysis, Ctac NV (XAMS:CTAC) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.46, compared to a current price of €2.91 — trading 15.9% below its estimated fair value. The current Net-Net Working Capital is €-1.53. Ctac NV's overall GF Score™ is 77/100 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 Ctac NV (XAMS:CTAC), the current Net-Net Working Capital is €-1.53 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 Ctac NV (XAMS:CTAC) Overvalued in 2026?
Based on GuruFocus' analysis, Ctac NV stock appears to be undervalued.
The current stock price of €2.91 is trading 15.9% below its estimated GF Value™ of €3.46.
GuruFocus considers Ctac NV to be Modestly Undervalued.
Key valuation signals for XAMS:CTAC:
Net-Net Working Capital: €-1.53
GF Value™: €3.46 vs. price of €2.91 (15.9% below fair value)
No single metric tells the full story. See the XAMS:CTAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ctac NV is a group of specialist IT companies offering expertise and services. The group offers a full range of IT services: from strategic advice and transformation through to the supply of specialist IT professionals via staffing services. The group provides services to the retail, manufacturing, wholesale, third-party logistics, and consumer products industries. The essential product of the company is the XV retail suite. The company classifies its business under geographical segments, including the Netherlands, Belgium, and Others. The Netherlands region generates the majority of revenue for the company.
77GF Score
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