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Taqa MoroccoCAS:TQM -0.58%72 Net-Net Working Capital is MAD-323.66 as of Dec. 2025. GuruFocus rates CAS:TQM with a GF Score™ of 72/100 and a GF Value™ of MAD1,232.26 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 64 Utilities - Independent Power Producers companies, Taqa Morocco ranks worse than 1562498.44% 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.
Taqa Morocco's Net-Net Working Capital for the quarter that ended in Dec. 2025 was MAD-323.66.
The industry rank for Taqa Morocco's Net-Net Working Capital or its related term are showing as below:
CAS:TQM's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 6.45 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Taqa Morocco (CAS:TQM) 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.
Taqa Morocco Net-Net Working Capital Related Terms
Taqa Morocco Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Taqa Morocco'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.
CAS:TQM vs CEG, VST, NRG: Net-Net Working Capital Comparison
For the Utilities - Independent Power Producers subindustry, Taqa Morocco'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.
Taqa Morocco Price-to-Net-Net-Working-Capital vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Taqa Morocco's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Taqa Morocco'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 MAD-323.66 mean?
Taqa Morocco (CAS:TQM) has a Net-Net Working Capital of MAD-323.66 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 Taqa Morocco According to the industry distribution chart, Taqa Morocco ranks #999999 out of 64 companies in the Utilities - Independent Power Producers industry.
Is Taqa Morocco's Net-Net Working Capital too high?
Taqa Morocco's current Net-Net Working Capital is MAD-323.66. Based on the distribution chart, Taqa Morocco ranks #999999 out of 64 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Taqa Morocco has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Taqa Morocco's Net-Net Working Capital compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Taqa Morocco ranks #999999 out of 64 companies for Net-Net Working Capital. This places Taqa Morocco in the lower half of its industry. The industry median Net-Net Working Capital is 6.45. 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 Utilities - Independent Power Producers company?
The median Net-Net Working Capital among Utilities - Independent Power Producers companies is 6.45, based on 64 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 Taqa Morocco For the Utilities - Independent Power Producers industry, the median Net-Net Working Capital is 6.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Taqa Morocco's current Net-Net Working Capital is MAD-323.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Taqa Morocco stock overvalued right now?
Based on GuruFocus' analysis, Taqa Morocco (CAS:TQM) is currently considered Significantly Overvalued. The stock's GF Value™ is MAD1,232.26, compared to a current price of MAD1,710.00 — trading 38.8% above its estimated fair value. The current Net-Net Working Capital is MAD-323.66. Taqa Morocco's overall GF Score™ is 72/100 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 Taqa Morocco (CAS:TQM), the current Net-Net Working Capital is MAD-323.66 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 Taqa Morocco (CAS:TQM) Overvalued in 2026?
Based on GuruFocus' analysis, Taqa Morocco stock appears to be overvalued.
The current stock price of MAD1,710.00 is trading 38.8% above its estimated GF Value™ of MAD1,232.26.
GuruFocus considers Taqa Morocco to be Significantly Overvalued.
Key valuation signals for CAS:TQM:
Net-Net Working Capital: MAD-323.66
GF Value™: MAD1,232.26 vs. price of MAD1,710.00 (38.8% above fair value)
No single metric tells the full story. See the CAS:TQM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Taqa Morocco SA is a producer of electricity in Morocco. The company provides associated activities in the oil and gas sectors, the storage of the oil and gas products, electricity and water as well as transport infrastructure across Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.
72GF Score
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