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.
RokuXTER:R35 +0.91%75 Net-Net Working Capital is €8.48 as of Jun. 2026. GuruFocus rates XTER:R35 with a GF Score™ of 75/100 and a GF Value™ of €91.13 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 379 Media - Diversified companies, Roku ranks worse than 83.64% 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.
Roku's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €8.48.
The industry rank for Roku's Net-Net Working Capital or its related term are showing as below:
XTER:R35's Price-to-Net-Net-Working-Capital is ranked worse than 83.64% of 379
companies
in the Media - Diversified industry
Industry Median: 4.37
vs XTER:R35: 16.12
Roku (XTER:R35) 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.
Roku Net-Net Working Capital Related Terms
Roku Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Roku'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.
XTER:R35 vs FOXA, FWONA, NWSA: Net-Net Working Capital Comparison
For the Entertainment subindustry, Roku'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.
Roku Price-to-Net-Net-Working-Capital vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Roku's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Roku'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 €8.48 mean?
Roku (XTER:R35) has a Net-Net Working Capital of €8.48 as of Jun. 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 Roku According to the industry distribution chart, Roku ranks #317 out of 379 companies in the Media - Diversified industry, placing it in the top 83.6%.
Is Roku's Net-Net Working Capital too high?
Roku's current Net-Net Working Capital is €8.48. Based on the distribution chart, Roku ranks #317 out of 379 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Roku has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Roku's Net-Net Working Capital compare to FOXA and FWONA?
According to the Media - Diversified industry distribution chart, Roku ranks #317 out of 379 companies for Net-Net Working Capital. This places Roku in the lower half of its industry. The industry median Net-Net Working Capital is 4.37. 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 4.37, based on 379 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 Roku For the Media - Diversified industry, the median Net-Net Working Capital is 4.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Roku's current Net-Net Working Capital is €8.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Roku stock overvalued right now?
Based on GuruFocus' analysis, Roku (XTER:R35) is currently considered Significantly Overvalued. The stock's GF Value™ is €91.13, compared to a current price of €135.74 — trading 49% above its estimated fair value. The current Net-Net Working Capital is €8.48. Roku's overall GF Score™ is 75/100 with 5 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 Roku (XTER:R35), the current Net-Net Working Capital is €8.48 as of Jun. 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 Roku (XTER:R35) Overvalued in 2026?
Based on GuruFocus' analysis, Roku stock appears to be overvalued.
The current stock price of €135.74 is trading 49% above its estimated GF Value™ of €91.13.
GuruFocus considers Roku to be Significantly Overvalued.
Key valuation signals for XTER:R35:
Net-Net Working Capital: €8.48
GF Value™: €91.13 vs. price of €135.74 (49% above fair value)
No single metric tells the full story. See the XTER:R35 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Roku enables consumers to stream television programming. Roku facilitated 145 billion streaming hours in 2025 and reached more than half of US broadband households. It is the top streaming operating system in the US, reaching more than half of broadband households, according to the company. Roku's OS is built into streaming devices and televisions that Roku sells, as well as on connected televisions from other manufacturers that license Roku's name and software. Roku also operates The Roku Channel, a free, ad-supported streaming television platform that offers a mix of on-demand and live television programming. Roku generates revenue primarily from device sales, licensing, and advertising, and it also receives fees from subscription streaming platforms that sell subscriptions through Roku.
75GF Score
Get the complete analysis for XTER:R35
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
XTER:R35 has been successfully added to your 
