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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.
XSWX:HLEE's Price-to-Net-Net-Working-Capital is not ranked *
in the Media - Diversified industry.
Industry Median: 4.39 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Highlight Event and Entertainment AG (XSWX:HLEE) 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.
Highlight Event and Entertainment AG Net-Net Working Capital Related Terms
Highlight Event and Entertainment AG 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.
Highlight Event and Entertainment AG Net-Net Working Capital Chart
XSWX:HLEE vs NFLX, DIS, WBD: Net-Net Working Capital Comparison
For the Entertainment subindustry, Highlight Event and Entertainment AG'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.
Highlight Event and Entertainment AG Price-to-Net-Net-Working-Capital vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Highlight Event and Entertainment AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Highlight Event and Entertainment AG'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 CHF-43.39 mean?
Highlight Event and Entertainment AG (XSWX:HLEE) has a Net-Net Working Capital of CHF-43.39 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 Highlight Event and Entertainment AG According to the industry distribution chart, Highlight Event and Entertainment AG ranks #999999 out of 382 companies in the Media - Diversified industry.
Is Highlight Event and Entertainment AG's Net-Net Working Capital too high?
Highlight Event and Entertainment AG's current Net-Net Working Capital is CHF-43.39. Based on the distribution chart, Highlight Event and Entertainment AG ranks #999999 out of 382 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Highlight Event and Entertainment AG has a GF Score™ of 36/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Highlight Event and Entertainment AG's Net-Net Working Capital compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Highlight Event and Entertainment AG ranks #999999 out of 382 companies for Net-Net Working Capital. This places Highlight Event and Entertainment AG in the lower half of its industry. The industry median Net-Net Working Capital is 4.39. 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 Media - Diversified company?
The median Net-Net Working Capital among Media - Diversified companies is 4.39, based on 382 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 Highlight Event and Entertainment AG For the Media - Diversified industry, the median Net-Net Working Capital is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Highlight Event and Entertainment AG's current Net-Net Working Capital is CHF-43.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Highlight Event and Entertainment AG stock overvalued right now?
Based on GuruFocus' analysis, Highlight Event and Entertainment AG (XSWX:HLEE) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF7.21, compared to a current price of CHF5.55 — trading 23% below its estimated fair value. The current Net-Net Working Capital is CHF-43.39. Highlight Event and Entertainment AG's overall GF Score™ is 36/100 with 4 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 Highlight Event and Entertainment AG (XSWX:HLEE), the current Net-Net Working Capital is CHF-43.39 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.
Is Highlight Event and Entertainment AG (XSWX:HLEE) Overvalued in 2026?
Based on GuruFocus' analysis, Highlight Event and Entertainment AG stock appears to be undervalued.
The current stock price of CHF5.55 is trading 23% below its estimated GF Value™ of CHF7.21.
GuruFocus considers Highlight Event and Entertainment AG to be Modestly Undervalued.
Key valuation signals for XSWX:HLEE:
Net-Net Working Capital: CHF-43.39
GF Value™: CHF7.21 vs. price of CHF5.55 (23% below fair value)
No single metric tells the full story. See the XSWX:HLEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Highlight Event and Entertainment AG is engaged in the business of event marketing and entertainment which consists of marketing rights for the Vienna Philharmonic Orchestra and the Eurovision Song Contest. The company's business segment includes the Film segment, the Sports and Events segment, and Other segment. It generates maximum revenue from the Film segment. Geographically, the firm derives maximum revenue from Germany.
36GF Score
Get the complete analysis for XSWX:HLEE
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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