Ben Graham’s net net stocks With the adopted use of IFRS 16 it is next to impossible to use net net to screen stocks as lease obligations are included in long term liabilities while current assets remain unchanged. If we eliminate lease payments in long term liabilities then we have Essential Energy with a net net of 23.8 million. We are slightly below this number as of Fri Nov 13th closing share price of 16.5 cents with a market cap of 23.4 million.