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SWI Capital HoldingXAMS:SWICH -0.27%2 Net-Net Working Capital is €-3.75 as of Jun. 2025. GuruFocus rates XAMS:SWICH with a GF Score™ of 2/100. The stock has 1 warning sign investors should review. Among 1,257 Software companies, SWI Capital Holding ranks worse than 79554.42% 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.
SWI Capital Holding's Net-Net Working Capital for the quarter that ended in Jun. 2025 was €-3.75.
The industry rank for SWI Capital Holding's Net-Net Working Capital or its related term are showing as below:
XAMS:SWICH's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.16 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
SWI Capital Holding (XAMS:SWICH) 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.
SWI Capital Holding Net-Net Working Capital Related Terms
SWI Capital Holding Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for SWI Capital Holding'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.
SWI Capital Holding Net-Net Working Capital Chart
SWI Capital Holding Annual Data
Trend
Dec24
Net-Net Working Capital
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SWI Capital Holding Semi-Annual Data
Dec24
Jun25
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-3.75
XAMS:SWICH vs IBM, ACN, FISV: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, SWI Capital Holding'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.
SWI Capital Holding Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, SWI Capital Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where SWI Capital Holding'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 €-3.75 mean?
SWI Capital Holding (XAMS:SWICH) has a Net-Net Working Capital of €-3.75 as of Jun. 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 SWI Capital Holding According to the industry distribution chart, SWI Capital Holding ranks #999999 out of 1257 companies in the Software industry.
Is SWI Capital Holding's Net-Net Working Capital too high?
SWI Capital Holding's current Net-Net Working Capital is €-3.75. Based on the distribution chart, SWI Capital Holding ranks #999999 out of 1257 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, SWI Capital Holding has a GF Score™ of 2/100, reflecting its overall financial health beyond just this single metric.
How does SWI Capital Holding's Net-Net Working Capital compare to IBM and ACN?
According to the Software industry distribution chart, SWI Capital Holding ranks #999999 out of 1257 companies for Net-Net Working Capital. This places SWI Capital Holding in the lower half of its industry. The industry median Net-Net Working Capital is 7.16. 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 7.16, based on 1,257 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 SWI Capital Holding For the Software industry, the median Net-Net Working Capital is 7.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SWI Capital Holding's current Net-Net Working Capital is €-3.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SWI Capital Holding stock overvalued right now?
SWI Capital Holding (XAMS:SWICH) has a current Net-Net Working Capital of €-3.75. The current Net-Net Working Capital is €-3.75. SWI Capital Holding's overall GF Score™ is 2/100 with 1 warning sign 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 SWI Capital Holding (XAMS:SWICH), the current Net-Net Working Capital is €-3.75 as of Jun. 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.
SWI Capital Holding Ltd is a diversified holding company. Along with its subsidiaries, the company is an investment platform whose investments grouped into several different business segments: Innovation Campuses & Data Centers, Real Estate, Financial institutions (banking and broader financial sector), Liquid Strategies, Special situations (including distressed assets and underperforming companies), and Sports & Entertainment.
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