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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.
ZSINF's Price-to-Net-Net-Working-Capital is ranked worse than 75.48% of 1309
companies
in the Industrial Products industry
Industry Median: 8.45
vs ZSINF: 21.84
Zhejiangnhua Intelligent Controls Co (OTCPK:ZSINF) 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.
Zhejiangnhua Intelligent Controls Co Net-Net Working Capital Related Terms
Zhejiangnhua Intelligent Controls Co 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.
Zhejiangnhua Intelligent Controls Co Net-Net Working Capital Chart
For the Specialty Industrial Machinery subindustry, Zhejiangnhua Intelligent Controls Co'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.
Zhejiangnhua Intelligent Controls Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zhejiangnhua Intelligent Controls Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Zhejiangnhua Intelligent Controls Co'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 $1.66 mean?
Zhejiangnhua Intelligent Controls Co (ZSINF) has a Net-Net Working Capital of $1.66 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 Zhejiangnhua Intelligent Controls Co According to the industry distribution chart, Zhejiangnhua Intelligent Controls Co ranks #988 out of 1309 companies in the Industrial Products industry, placing it in the top 75.5%.
Is Zhejiangnhua Intelligent Controls Co's Net-Net Working Capital too high?
Zhejiangnhua Intelligent Controls Co's current Net-Net Working Capital is $1.66. The Industrial Products industry median Net-Net Working Capital is 8.45. Zhejiangnhua Intelligent Controls Co's value of $1.66 is 80.4% below this industry median. Based on the distribution chart, Zhejiangnhua Intelligent Controls Co ranks #988 out of 1309 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Zhejiangnhua Intelligent Controls Co has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiangnhua Intelligent Controls Co's Net-Net Working Capital compare to ?
According to the Industrial Products industry distribution chart, Zhejiangnhua Intelligent Controls Co ranks #988 out of 1309 companies for Net-Net Working Capital. This places Zhejiangnhua Intelligent Controls Co in the lower half of its industry. The industry median Net-Net Working Capital is 8.45. Zhejiangnhua Intelligent Controls Co's value of $1.66 is 80.4% 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 Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.45, based on 1,309 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. Zhejiangnhua Intelligent Controls Co's current Net-Net Working Capital of $1.66 is 80.4% 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 Zhejiangnhua Intelligent Controls Co For the Industrial Products industry, the median Net-Net Working Capital is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiangnhua Intelligent Controls Co's current Net-Net Working Capital is $1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiangnhua Intelligent Controls Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiangnhua Intelligent Controls Co (ZSINF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.58, compared to a current price of $3.50 — trading 121.2% above its estimated fair value. The current Net-Net Working Capital is $1.66 and 80.4% below the Industrial Products industry median of 8.45. Zhejiangnhua Intelligent Controls Co's overall GF Score™ is 76/100 with 3 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 Zhejiangnhua Intelligent Controls Co (ZSINF), the current Net-Net Working Capital is $1.66 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 Zhejiangnhua Intelligent Controls Co (ZSINF) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiangnhua Intelligent Controls Co stock appears to be overvalued.
The current stock price of $3.50 is trading 121.2% above its estimated GF Value™ of $1.58.
GuruFocus considers Zhejiangnhua Intelligent Controls Co to be Significantly Overvalued.
Key valuation signals for ZSINF:
Net-Net Working Capital: $1.66
GF Value™: $1.58 vs. price of $3.50 (121.2% above fair value)
Industry Position: 80.4% below the Industrial Products median (#988 of 1309)
No single metric tells the full story. See the ZSINF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Sanhua Intelligent Controls Co Ltd is an HVAC&R manufacturer of controls and components. It is engaged in the research and development, manufacture, and distribution of refrigeration and air-conditioning control component and automotive components business, which include four-way reversing valves, solenoid valves, and electronic expansion valves. The products offered by the company are standard controls and line components, customized controls and line components, electronic controls, and micro-channel heat exchangers. The products have applications in air conditioning, commercial refrigeration, heat pumps, and home appliances. The organization supplies its products in China and internationally.
76GF 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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