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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.
Tegma Gestao Logistica's Net-Net Working Capital for the quarter that ended in Jun. 2026 was R$0.91.
The industry rank for Tegma Gestao Logistica's Net-Net Working Capital or its related term are showing as below:
BSP:TGMA3's Price-to-Net-Net-Working-Capital is ranked worse than 92.73% of 220
companies
in the Transportation industry
Industry Median: 6.46
vs BSP:TGMA3: 36.53
Tegma Gestao Logistica (BSP:TGMA3) 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.
Tegma Gestao Logistica Net-Net Working Capital Related Terms
Tegma Gestao Logistica Net-Net Working Capital Historical Data
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The historical data trend for Tegma Gestao Logistica'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.
Tegma Gestao Logistica Net-Net Working Capital Chart
BSP:TGMA3 vs ODFL, XPO, KNX: Net-Net Working Capital Comparison
For the Trucking subindustry, Tegma Gestao Logistica'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.
Tegma Gestao Logistica Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Tegma Gestao Logistica's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tegma Gestao Logistica'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 R$0.91 mean?
Tegma Gestao Logistica (BSP:TGMA3) has a Net-Net Working Capital of R$0.91 as of Jun. 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 Tegma Gestao Logistica According to the industry distribution chart, Tegma Gestao Logistica ranks #204 out of 220 companies in the Transportation industry, placing it in the top 92.7%.
Is Tegma Gestao Logistica's Net-Net Working Capital too high?
Tegma Gestao Logistica's current Net-Net Working Capital is R$0.91. Based on the distribution chart, Tegma Gestao Logistica ranks #204 out of 220 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Tegma Gestao Logistica has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tegma Gestao Logistica's Net-Net Working Capital compare to ODFL and XPO?
According to the Transportation industry distribution chart, Tegma Gestao Logistica ranks #204 out of 220 companies for Net-Net Working Capital. This places Tegma Gestao Logistica in the lower half of its industry. The industry median Net-Net Working Capital is 6.46. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.46, based on 220 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 Tegma Gestao Logistica For the Transportation industry, the median Net-Net Working Capital is 6.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tegma Gestao Logistica's current Net-Net Working Capital is R$0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tegma Gestao Logistica stock overvalued right now?
Based on GuruFocus' analysis, Tegma Gestao Logistica (BSP:TGMA3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$41.28, compared to a current price of R$33.24 — trading 19.5% below its estimated fair value. The current Net-Net Working Capital is R$0.91. Tegma Gestao Logistica's overall GF Score™ is 83/100 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 Tegma Gestao Logistica (BSP:TGMA3), the current Net-Net Working Capital is R$0.91 as of Jun. 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 Tegma Gestao Logistica (BSP:TGMA3) Overvalued in 2026?
Based on GuruFocus' analysis, Tegma Gestao Logistica stock appears to be undervalued.
The current stock price of R$33.24 is trading 19.5% below its estimated GF Value™ of R$41.28.
GuruFocus considers Tegma Gestao Logistica to be Modestly Undervalued.
Key valuation signals for BSP:TGMA3:
Net-Net Working Capital: R$0.91
GF Value™: R$41.28 vs. price of R$33.24 (19.5% below fair value)
No single metric tells the full story. See the BSP:TGMA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tegma Gestao Logistica SA provides logistics, transportation, and warehouse services in Brazil. The company's operating segments include; Automotive logistics and Integrated logistics. The Automotive Logistics division engages in the transportation of vehicles, as well as management of yard; transfer and distribution of vehicle; storage of vehicles; and provision of pre delivery inspection, and center for automotive/multi-brand services. The Integrated Logistics division provides transportation, storage, inventory management, and similar services. It generates maximum revenue from the Automotive Logistics segment.
83GF Score
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