Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
CLERHP Estructuras's Net-Net Working Capital for the quarter that ended in Dec. 2024 was €-2.38.
The industry rank for CLERHP Estructuras's Net-Net Working Capital or its related term are showing as below:
XMAD:CLR's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.155 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
CLERHP Estructuras (XMAD:CLR) 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.
CLERHP Estructuras Net-Net Working Capital Related Terms
CLERHP Estructuras Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for CLERHP Estructuras'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.
XMAD:CLR vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, CLERHP Estructuras'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.
CLERHP Estructuras Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, CLERHP Estructuras's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where CLERHP Estructuras'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 €-2.38 mean?
CLERHP Estructuras (XMAD:CLR) has a Net-Net Working Capital of €-2.38 as of Dec. 2024. 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 CLERHP Estructuras
Is CLERHP Estructuras' Net-Net Working Capital too high?
CLERHP Estructuras' current Net-Net Working Capital is €-2.38. Overall, CLERHP Estructuras has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does CLERHP Estructuras' Net-Net Working Capital compare to PWR and FIX?
CLERHP Estructuras' Net-Net Working Capital of €-2.38 can be compared against companies in the Construction industry. The industry median Net-Net Working Capital is 6.16. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.16, based on 484 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 CLERHP Estructuras For the Construction industry, the median Net-Net Working Capital is 6.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CLERHP Estructuras's current Net-Net Working Capital is €-2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CLERHP Estructuras stock overvalued right now?
CLERHP Estructuras (XMAD:CLR) has a current Net-Net Working Capital of €-2.38. The current Net-Net Working Capital is €-2.38. CLERHP Estructuras' overall GF Score™ is 72/100. 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 CLERHP Estructuras (XMAD:CLR), the current Net-Net Working Capital is €-2.38 as of Dec. 2024. 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.
CLERHP Estructuras SA is a construction company. The company builds high rise buildings, shopping malls, offices, hotels, homes, and government buildings. It operates in Spain and South America. It also offers the service of expertise of structures, rental service of equipment and machinery related to the construction sector. CLERHP provides its services internationally, currently has a presence in Spain, Bolivia, Brazil and Paraguay.
72GF Score
Get the complete analysis for XMAD:CLR
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XMAD:CLR has been successfully added to your 
