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.
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.
ZeroFox Holdings's Net-Net Working Capital for the quarter that ended in Jan. 2024 was $-2.11.
The industry rank for ZeroFox Holdings's Net-Net Working Capital or its related term are showing as below:
ZFOXW's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.1 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
ZeroFox Holdings (NAS:ZFOXW) 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.
ZeroFox Holdings Net-Net Working Capital Related Terms
ZeroFox Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for ZeroFox Holdings'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.
ZFOXW vs ARQQ, HUBC, TMNA: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, ZeroFox Holdings'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.
ZeroFox Holdings Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, ZeroFox Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ZeroFox Holdings'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 $-2.11 mean?
ZeroFox Holdings (ZFOXW) has a Net-Net Working Capital of $-2.11 as of Jan. 2024. 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 ZeroFox Holdings
Is ZeroFox Holdings' Net-Net Working Capital too high?
ZeroFox Holdings' current Net-Net Working Capital is $-2.11.
How does ZeroFox Holdings' Net-Net Working Capital compare to ARQQ and HUBC?
ZeroFox Holdings' Net-Net Working Capital of $-2.11 can be compared against companies in the Software industry. The industry median Net-Net Working Capital is 7.10. 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 7.10, based on 1,254 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 ZeroFox Holdings For the Software industry, the median Net-Net Working Capital is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZeroFox Holdings's current Net-Net Working Capital is $-2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZeroFox Holdings stock overvalued right now?
ZeroFox Holdings (ZFOXW) has a current Net-Net Working Capital of $-2.11. The current Net-Net Working Capital is $-2.11. 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 ZeroFox Holdings (ZFOXW), the current Net-Net Working Capital is $-2.11 as of Jan. 2024. 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.
ZeroFox Holdings Inc is a cybersecurity company. It provides external threat intelligence and protection to disrupt threats to brands, people, assets and data across the public attack surface in one, comprehensive platform. With complete world-wide coverage across the surface, deep and dark web and an artificial intelligence-based analysis engine, the ZeroFox Platform identifies and remediates targeted phishing attacks, credential compromise, data exfiltration, brand hijacking, executive and location threats and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ZFOXW has been successfully added to your 
