thyssenkrupp AGXSWX:TKA 49 Net-Net Working Capital is CHF-12.29 as of Mar. 2026. GuruFocus rates XSWX:TKA with a GF Score™ of 49/100 and a GF Value™ of CHF3.88 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 113 Conglomerates companies, thyssenkrupp AG ranks worse than 884954.87% 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.
thyssenkrupp AG's Net-Net Working Capital for the quarter that ended in Mar. 2026 was CHF-12.29.
The industry rank for thyssenkrupp AG's Net-Net Working Capital or its related term are showing as below:
XSWX:TKA's Price-to-Net-Net-Working-Capital is not ranked *
in the Conglomerates industry.
Industry Median: 5.83 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
thyssenkrupp AG (XSWX:TKA) 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.
thyssenkrupp AG Net-Net Working Capital Related Terms
thyssenkrupp AG Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for thyssenkrupp 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:TKA vs HON, MMM: Net-Net Working Capital Comparison
For the Conglomerates subindustry, thyssenkrupp 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.
thyssenkrupp AG Price-to-Net-Net-Working-Capital vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, thyssenkrupp AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where thyssenkrupp 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-12.29 mean?
thyssenkrupp AG (XSWX:TKA) has a Net-Net Working Capital of CHF-12.29 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 thyssenkrupp AG According to the industry distribution chart, thyssenkrupp AG ranks #999999 out of 113 companies in the Conglomerates industry.
Is thyssenkrupp AG's Net-Net Working Capital too high?
thyssenkrupp AG's current Net-Net Working Capital is CHF-12.29. Based on the distribution chart, thyssenkrupp AG ranks #999999 out of 113 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, thyssenkrupp AG has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does thyssenkrupp AG's Net-Net Working Capital compare to HON and MMM?
According to the Conglomerates industry distribution chart, thyssenkrupp AG ranks #999999 out of 113 companies for Net-Net Working Capital. This places thyssenkrupp AG in the lower half of its industry. The industry median Net-Net Working Capital is 5.83. 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 Conglomerates company?
The median Net-Net Working Capital among Conglomerates companies is 5.83, based on 113 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 thyssenkrupp AG For the Conglomerates industry, the median Net-Net Working Capital is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. thyssenkrupp AG's current Net-Net Working Capital is CHF-12.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is thyssenkrupp AG stock overvalued right now?
Based on GuruFocus' analysis, thyssenkrupp AG (XSWX:TKA) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF3.88, compared to a current price of CHF10.67 — trading 175% above its estimated fair value. The current Net-Net Working Capital is CHF-12.29. thyssenkrupp AG's overall GF Score™ is 49/100 with 8 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 thyssenkrupp AG (XSWX:TKA), the current Net-Net Working Capital is CHF-12.29 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 thyssenkrupp AG (XSWX:TKA) Overvalued in 2026?
Based on GuruFocus' analysis, thyssenkrupp AG stock appears to be overvalued.
The current stock price of CHF10.67 is trading 175% above its estimated GF Value™ of CHF3.88.
GuruFocus considers thyssenkrupp AG to be Significantly Overvalued.
Key valuation signals for XSWX:TKA:
Net-Net Working Capital: CHF-12.29
GF Value™: CHF3.88 vs. price of CHF10.67 (175% above fair value)
No single metric tells the full story. See the XSWX:TKA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Decarbon Technologies, Automotive Technology, Steel Europe, and Marine Systems. Automotive Technology is one of the German suppliers and engineering partners to the international automotive industry. Decarbon Technologies covers the businesses of Rothe Erde, Uhde, Polysius, and the majority investment in thyssenkrupp Nucera. Material Services includes the distribution of mill-independent materials, distributors, and services. Steel Europe concentrates on the market for high-quality flat carbon steel. Marine Systems is a supplier for submarine and surface vessel construction. it generates the majority of Revenue from Materials Services.
49GF Score
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