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.
B&M European Value RetailBMRRY 75 Net-Net Working Capital is $-12.75 as of Mar. 2026. GuruFocus rates BMRRY with a GF Score™ of 75/100 and a GF Value™ of $19.78 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 80 Retail - Defensive companies, B&M European Value Retail ranks worse than 1249998.75% 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.
B&M European Value Retail's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-12.75.
The industry rank for B&M European Value Retail's Net-Net Working Capital or its related term are showing as below:
BMRRY's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Defensive industry.
Industry Median: 5.25 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
B&M European Value Retail (OTCPK:BMRRY) 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.
B&M European Value Retail Net-Net Working Capital Related Terms
B&M European Value Retail Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for B&M European Value Retail'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.
B&M European Value Retail Net-Net Working Capital Chart
BMRRY vs WMT, COST, TGT: Net-Net Working Capital Comparison
For the Discount Stores subindustry, B&M European Value Retail'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.
B&M European Value Retail Price-to-Net-Net-Working-Capital vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, B&M European Value Retail's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where B&M European Value Retail'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 $-12.75 mean?
B&M European Value Retail (BMRRY) has a Net-Net Working Capital of $-12.75 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 B&M European Value Retail According to the industry distribution chart, B&M European Value Retail ranks #999999 out of 80 companies in the Retail - Defensive industry.
Is B&M European Value Retail's Net-Net Working Capital too high?
B&M European Value Retail's current Net-Net Working Capital is $-12.75. Based on the distribution chart, B&M European Value Retail ranks #999999 out of 80 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, B&M European Value Retail has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does B&M European Value Retail's Net-Net Working Capital compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, B&M European Value Retail ranks #999999 out of 80 companies for Net-Net Working Capital. This places B&M European Value Retail in the lower half of its industry. The industry median Net-Net Working Capital is 5.25. 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 Retail - Defensive company?
The median Net-Net Working Capital among Retail - Defensive companies is 5.25, based on 80 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 B&M European Value Retail For the Retail - Defensive industry, the median Net-Net Working Capital is 5.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. B&M European Value Retail's current Net-Net Working Capital is $-12.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is B&M European Value Retail stock overvalued right now?
Based on GuruFocus' analysis, B&M European Value Retail (BMRRY) is currently considered Significantly Undervalued. The stock's GF Value™ is $19.78, compared to a current price of $12.59 — trading 36.3% below its estimated fair value. The current Net-Net Working Capital is $-12.75. B&M European Value Retail'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 B&M European Value Retail (BMRRY), the current Net-Net Working Capital is $-12.75 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 B&M European Value Retail (BMRRY) Overvalued in 2026?
Based on GuruFocus' analysis, B&M European Value Retail stock appears to be undervalued.
The current stock price of $12.59 is trading 36.3% below its estimated GF Value™ of $19.78.
GuruFocus considers B&M European Value Retail to be Significantly Undervalued.
Key valuation signals for BMRRY:
Net-Net Working Capital: $-12.75
GF Value™: $19.78 vs. price of $12.59 (36.3% below fair value)
No single metric tells the full story. See the BMRRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
B&M European Value Retail PLC is a retailer offering a targeted range of fast-moving consumer goods (FMCG) and general merchandise products at consistently low prices. It operates under an everyday low-price and cost-focused model, emphasizing operational efficiency and affordability for customers. The Group is a European variety discount retailer providing products at low prices through its stores. The Group operates through three segments: B&M UK, Heron UK, and B&M France, with B&M UK generating the maximum revenue.
75GF Score
Get the complete analysis for BMRRY
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
BMRRY has been successfully added to your 
