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.
Orell Fussli AGXSWX:OFN -1.32%74 Net-Net Working Capital is CHF11.41 as of Dec. 2025. GuruFocus rates XSWX:OFN with a GF Score™ of 74/100 and a GF Value™ of CHF93.78 (Significantly Overvalued). Among 444 Business Services companies, Orell Fussli AG ranks worse than 75.68% on this metric.
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.
Orell Fussli AG's Net-Net Working Capital for the quarter that ended in Dec. 2025 was CHF11.41.
The industry rank for Orell Fussli AG's Net-Net Working Capital or its related term are showing as below:
XSWX:OFN's Price-to-Net-Net-Working-Capital is ranked worse than 75.68% of 444
companies
in the Business Services industry
Industry Median: 5.59
vs XSWX:OFN: 13.06
Orell Fussli AG (XSWX:OFN) 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.
Orell Fussli AG Net-Net Working Capital Related Terms
Orell Fussli AG Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Orell Fussli AG'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:OFN vs CTAS, CPRT, ULS: Net-Net Working Capital Comparison
For the Specialty Business Services subindustry, Orell Fussli 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.
Orell Fussli AG Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Orell Fussli AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Orell Fussli 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 CHF11.41 mean?
Orell Fussli AG (XSWX:OFN) has a Net-Net Working Capital of CHF11.41 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 Orell Fussli AG According to the industry distribution chart, Orell Fussli AG ranks #336 out of 444 companies in the Business Services industry, placing it in the top 75.7%.
Is Orell Fussli AG's Net-Net Working Capital too high?
Orell Fussli AG's current Net-Net Working Capital is CHF11.41. Based on the distribution chart, Orell Fussli AG ranks #336 out of 444 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Orell Fussli AG has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Orell Fussli AG's Net-Net Working Capital compare to CTAS and CPRT?
According to the Business Services industry distribution chart, Orell Fussli AG ranks #336 out of 444 companies for Net-Net Working Capital. This places Orell Fussli AG in the lower half of its industry. The industry median Net-Net Working Capital is 5.59. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.59, based on 444 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 Orell Fussli AG For the Business Services industry, the median Net-Net Working Capital is 5.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Orell Fussli AG's current Net-Net Working Capital is CHF11.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Orell Fussli AG stock overvalued right now?
Based on GuruFocus' analysis, Orell Fussli AG (XSWX:OFN) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF93.78, compared to a current price of CHF149.00 — trading 58.9% above its estimated fair value. The current Net-Net Working Capital is CHF11.41. Orell Fussli AG's overall GF Score™ is 74/100. 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 Orell Fussli AG (XSWX:OFN), the current Net-Net Working Capital is CHF11.41 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 Orell Fussli AG (XSWX:OFN) Overvalued in 2026?
Based on GuruFocus' analysis, Orell Fussli AG stock appears to be overvalued.
The current stock price of CHF149.00 is trading 58.9% above its estimated GF Value™ of CHF93.78.
GuruFocus considers Orell Fussli AG to be Significantly Overvalued.
Key valuation signals for XSWX:OFN:
Net-Net Working Capital: CHF11.41
GF Value™: CHF93.78 vs. price of CHF149.00 (58.9% above fair value)
No single metric tells the full story. See the XSWX:OFN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Orell Fussli AG operates in the fields of security and education. The company provides security solutions for the state and citizens and is a Swiss player in the book retailing sector. In the area of security printing and serialisation, the company offers printing processes, equipment and services for the production and effective protection of banknotes, value documents and identity documents. With its publishing houses, it focuses on learning and legal media as well as books for children. Its segments include Security Printing, Industrial Systems, Book Retailing, and Other business areas.
74GF Score
Get the complete analysis for XSWX:OFN
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
XSWX:OFN has been successfully added to your 
