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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.
The industry rank for Tsk Electronica Y Electricidad's Net-Net Working Capital or its related term are showing as below:
XMAD:TSK's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.07 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Tsk Electronica Y Electricidad (XMAD:TSK) 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.
Tsk Electronica Y Electricidad Net-Net Working Capital Related Terms
Tsk Electronica Y Electricidad Net-Net Working Capital Historical Data
* 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.
Tsk Electronica Y Electricidad Net-Net Working Capital Chart
Tsk Electronica Y Electricidad Annual Data
Trend
Dec23
Dec24
Dec25
Net-Net Working Capital
-3.81
-4.06
-2.88
Tsk Electronica Y Electricidad Semi-Annual Data
Dec23
Dec24
Dec25
Net-Net Working Capital
-3.81
-4.06
-2.88
XMAD:TSK vs PWR, FIX, EME: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, Tsk Electronica Y Electricidad'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.
Tsk Electronica Y Electricidad Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Tsk Electronica Y Electricidad's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tsk Electronica Y Electricidad'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 €-2.88 mean?
Tsk Electronica Y Electricidad (XMAD:TSK) has a Net-Net Working Capital of €-2.88 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 Tsk Electronica Y Electricidad According to the industry distribution chart, Tsk Electronica Y Electricidad ranks #999999 out of 484 companies in the Construction industry.
Is Tsk Electronica Y Electricidad's Net-Net Working Capital too high?
Tsk Electronica Y Electricidad's current Net-Net Working Capital is €-2.88. Based on the distribution chart, Tsk Electronica Y Electricidad ranks #999999 out of 484 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Tsk Electronica Y Electricidad has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Tsk Electronica Y Electricidad's Net-Net Working Capital compare to PWR and FIX?
According to the Construction industry distribution chart, Tsk Electronica Y Electricidad ranks #999999 out of 484 companies for Net-Net Working Capital. This places Tsk Electronica Y Electricidad in the lower half of its industry. The industry median Net-Net Working Capital is 6.07. 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 6.07, 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 Tsk Electronica Y Electricidad For the Construction industry, the median Net-Net Working Capital is 6.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsk Electronica Y Electricidad's current Net-Net Working Capital is €-2.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsk Electronica Y Electricidad stock overvalued right now?
Tsk Electronica Y Electricidad (XMAD:TSK) has a current Net-Net Working Capital of €-2.88. The current Net-Net Working Capital is €-2.88. Tsk Electronica Y Electricidad's overall GF Score™ is 17/100 with 3 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 Tsk Electronica Y Electricidad (XMAD:TSK), the current Net-Net Working Capital is €-2.88 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.
Tsk Electronica Y Electricidad Business Description
Tsk Electronica Y Electricidad SA offers technological solutions for the energy transition, decarbonization, and digitalization. These solutions reduce costs, increase productivity, save energy, decrease environmental impact, and improve working conditions. The Group's main activity is focused on two main segments:- Energy transition and digitalization: this segment focuses on the delivery of conventional/renewable power plants, high and medium voltage substations, transmission lines, interconnection systems and controls for industrial and energy plants, data centers and grid stability substations. And Handling & Mining: This segment focuses on the design and construction of developed turnkey material handling and mining systems.
17GF Score
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