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.
XPAR:ALLEX's Price-to-Net-Net-Working-Capital is ranked better than 52.83% of 212
companies
in the Travel & Leisure industry
Industry Median: 6.73
vs XPAR:ALLEX: 5.97
Lexibook Linguistic Electronic System (XPAR:ALLEX) 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.
Lexibook Linguistic Electronic System Net-Net Working Capital Related Terms
Lexibook Linguistic Electronic System 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.
Lexibook Linguistic Electronic System Net-Net Working Capital Chart
XPAR:ALLEX vs AS, HAS, LTH: Net-Net Working Capital Comparison
For the Leisure subindustry, Lexibook Linguistic Electronic System'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.
Lexibook Linguistic Electronic System Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Lexibook Linguistic Electronic System's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Lexibook Linguistic Electronic System'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 €1.34 mean?
Lexibook Linguistic Electronic System (XPAR:ALLEX) has a Net-Net Working Capital of €1.34 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 Lexibook Linguistic Electronic System According to the industry distribution chart, Lexibook Linguistic Electronic System ranks #100 out of 212 companies in the Travel & Leisure industry, placing it in the top 47.2%.
Is Lexibook Linguistic Electronic System's Net-Net Working Capital too high?
Lexibook Linguistic Electronic System's current Net-Net Working Capital is €1.34. Based on the distribution chart, Lexibook Linguistic Electronic System ranks #100 out of 212 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Lexibook Linguistic Electronic System has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lexibook Linguistic Electronic System's Net-Net Working Capital compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Lexibook Linguistic Electronic System ranks #100 out of 212 companies for Net-Net Working Capital. This puts Lexibook Linguistic Electronic System in the upper half of its industry. The industry median Net-Net Working Capital is 6.73. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 6.73, based on 212 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 Lexibook Linguistic Electronic System For the Travel & Leisure industry, the median Net-Net Working Capital is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lexibook Linguistic Electronic System's current Net-Net Working Capital is €1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lexibook Linguistic Electronic System stock overvalued right now?
Based on GuruFocus' analysis, Lexibook Linguistic Electronic System (XPAR:ALLEX) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.64, compared to a current price of €8.00 — trading 41.8% above its estimated fair value. The current Net-Net Working Capital is €1.34. Lexibook Linguistic Electronic System's overall GF Score™ is 81/100 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 Lexibook Linguistic Electronic System (XPAR:ALLEX), the current Net-Net Working Capital is €1.34 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 Lexibook Linguistic Electronic System (XPAR:ALLEX) Overvalued in 2026?
Based on GuruFocus' analysis, Lexibook Linguistic Electronic System stock appears to be overvalued.
The current stock price of €8.00 is trading 41.8% above its estimated GF Value™ of €5.64.
GuruFocus considers Lexibook Linguistic Electronic System to be Significantly Overvalued.
Key valuation signals for XPAR:ALLEX:
Net-Net Working Capital: €1.34
GF Value™: €5.64 vs. price of €8.00 (41.8% above fair value)
No single metric tells the full story. See the XPAR:ALLEX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lexibook Linguistic Electronic System SA is a France-based company engaged in producing and selling leisure electronic products and toys. It sells its products under its name and through licenses. The company's products include educational tablets, toys, laptops, alarm clocks, calculators, educational games, interactive games, audio and visual products, translators, and other products. It sells the products in France and also exports internationally. The group sells Electronics, Toys, and Other products, of which the majority of the revenue is generated from the sale of electronic products.
81GF Score
Get the complete analysis for XPAR:ALLEX
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
XPAR:ALLEX has been successfully added to your 
