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.
C3.ai's Net-Net Working Capital for the quarter that ended in Apr. 2026 was CHF2.60.
The industry rank for C3.ai's Net-Net Working Capital or its related term are showing as below:
XSWX:AI's Price-to-Net-Net-Working-Capital is ranked better than 79.73% of 1258
companies
in the Software industry
Industry Median: 6.775
vs XSWX:AI: 2.85
C3.ai (XSWX:AI) 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.
C3.ai Net-Net Working Capital Related Terms
C3.ai Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for C3.ai'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.
XSWX:AI vs PICS, PRGS, AEVA: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, C3.ai'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.
C3.ai Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, C3.ai's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where C3.ai'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 CHF2.60 mean?
C3.ai (XSWX:AI) has a Net-Net Working Capital of CHF2.60 as of Apr. 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 C3.ai According to the industry distribution chart, C3.ai ranks #255 out of 1258 companies in the Software industry, placing it in the top 20.3%.
Is C3.ai's Net-Net Working Capital too high?
C3.ai's current Net-Net Working Capital is CHF2.60. Based on the distribution chart, C3.ai ranks #255 out of 1258 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, C3.ai has a GF Score™ of 54/100, reflecting its overall financial health beyond just this single metric.
How does C3.ai's Net-Net Working Capital compare to PICS and PRGS?
According to the Software industry distribution chart, C3.ai ranks #255 out of 1258 companies for Net-Net Working Capital. This places C3.ai in the top 20% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.78. 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 6.78, based on 1,258 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 C3.ai For the Software industry, the median Net-Net Working Capital is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. C3.ai's current Net-Net Working Capital is CHF2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is C3.ai stock overvalued right now?
C3.ai (XSWX:AI) has a current Net-Net Working Capital of CHF2.60. The stock's GF Value™ is CHF13.44, compared to a current price of CHF7.74 — trading 42.4% below its estimated fair value. The current Net-Net Working Capital is CHF2.60. C3.ai's overall GF Score™ is 54/100 with 7 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 C3.ai (XSWX:AI), the current Net-Net Working Capital is CHF2.60 as of Apr. 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 C3.ai (XSWX:AI) Overvalued in 2026?
Based on GuruFocus' analysis, C3.ai stock appears to be undervalued.
The current stock price of CHF7.74 is trading 42.4% below its estimated GF Value™ of CHF13.44.
Key valuation signals for XSWX:AI:
Net-Net Working Capital: CHF2.60
GF Value™: CHF13.44 vs. price of CHF7.74 (42.4% below fair value)
No single metric tells the full story. See the XSWX:AI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploying AI applications: C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications: and C3 Generative AI, which combines the utility of large language models. Geographically the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of the World.
54GF Score
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