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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.
The industry rank for Zengame Technology Holding's Net-Net Working Capital or its related term are showing as below:
ZNGMF's Price-to-Net-Net-Working-Capital is ranked better than 92.28% of 285
companies
in the Interactive Media industry
Industry Median: 4.97
vs ZNGMF: 1.02
Zengame Technology Holding (OTCPK:ZNGMF) 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.
Zengame Technology Holding Net-Net Working Capital Related Terms
Zengame Technology Holding 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.
Zengame Technology Holding Net-Net Working Capital Chart
ZNGMF vs NTES, EA, TTWO: Net-Net Working Capital Comparison
For the Electronic Gaming & Multimedia subindustry, Zengame Technology Holding'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.
Zengame Technology Holding Price-to-Net-Net-Working-Capital vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Zengame Technology Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Zengame Technology Holding'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 $0.29 mean?
Zengame Technology Holding (ZNGMF) has a Net-Net Working Capital of $0.29 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 Zengame Technology Holding According to the industry distribution chart, Zengame Technology Holding ranks #22 out of 285 companies in the Interactive Media industry, placing it in the top 7.7%.
Is Zengame Technology Holding's Net-Net Working Capital too high?
Zengame Technology Holding's current Net-Net Working Capital is $0.29. The Interactive Media industry median Net-Net Working Capital is 4.97. Zengame Technology Holding's value of $0.29 is 94.2% below this industry median. Based on the distribution chart, Zengame Technology Holding ranks #22 out of 285 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Zengame Technology Holding has a GF Score™ of 42/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zengame Technology Holding's Net-Net Working Capital compare to NTES and EA?
According to the Interactive Media industry distribution chart, Zengame Technology Holding ranks #22 out of 285 companies for Net-Net Working Capital. This places Zengame Technology Holding in the top 8% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 4.97. Zengame Technology Holding's value of $0.29 is 94.2% below this benchmark. 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 an Interactive Media company?
The median Net-Net Working Capital among Interactive Media companies is 4.97, based on 285 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. Zengame Technology Holding's current Net-Net Working Capital of $0.29 is 94.2% below the industry median. 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 Zengame Technology Holding For the Interactive Media industry, the median Net-Net Working Capital is 4.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zengame Technology Holding's current Net-Net Working Capital is $0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zengame Technology Holding stock overvalued right now?
Based on GuruFocus' analysis, Zengame Technology Holding (ZNGMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.34, compared to a current price of $0.33 — trading 4.1% below its estimated fair value. The current Net-Net Working Capital is $0.29 and 94.2% below the Interactive Media industry median of 4.97. Zengame Technology Holding's overall GF Score™ is 42/100 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 Zengame Technology Holding (ZNGMF), the current Net-Net Working Capital is $0.29 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 Zengame Technology Holding (ZNGMF) Overvalued in 2026?
Based on GuruFocus' analysis, Zengame Technology Holding stock appears to be undervalued.
The current stock price of $0.33 is trading 4.1% below its estimated GF Value™ of $0.34.
GuruFocus considers Zengame Technology Holding to be Modestly Overvalued.
Key valuation signals for ZNGMF:
Net-Net Working Capital: $0.29
GF Value™: $0.34 vs. price of $0.33 (4.1% below fair value)
Industry Position: 94.2% below the Interactive Media median (#22 of 285)
No single metric tells the full story. See the ZNGMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AddressKeji South 12 Road, Rooms 1304-06, Changhong Science and Technology Mansion, Science and Technology Park, Nanshan District, Shenzhen, CHN, 518057
Zengame Technology Holding Ltd is a mobile game developer. The company operates self-developed and third-party-developed games. The company's games include card games, board games, other casual games, and hardcore games, including Fight the Landlord, Sichuan Mahjong, Hunan Run Fast, Tiantian Love Chinese Chess, Happy Mengmengxiao and Kuaishou Fishing. It is also engaged in the investment business.
42GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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