Smurfit WestRock (CHIX:SWRL) Net-Net Working Capital: £-30.26 (As of Mar. 2026)


CHIX:SWRL Smurfit WestRock PLC CHIX:SWRL
58 GF Score
Price £33.79
GF Value £34.63
Valuation Fairly Valued
! 7 Warning Signs
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What is Smurfit WestRock Net-Net Working Capital?

Smurfit WestRock CHIX:SWRL 58 Net-Net Working Capital is £-30.26 as of Mar. 2026. GuruFocus rates CHIX:SWRL with a GF Score™ of 58/100 and a GF Value™ of £34.63 (Fairly Valued). The stock has 7 warning signs investors should review. Among 129 Packaging & Containers companies, Smurfit WestRock ranks worse than 775193.02% 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.

Smurfit WestRock's Net-Net Working Capital for the quarter that ended in Mar. 2026 was £-30.26.

The industry rank for Smurfit WestRock's Net-Net Working Capital or its related term are showing as below:

CHIX:SWRl's Price-to-Net-Net-Working-Capital is not ranked *
in the Packaging & Containers industry.
Industry Median: 5.07
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Smurfit WestRock  (CHIX:SWRl) 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.


Smurfit WestRock Net-Net Working Capital Related Terms


Smurfit WestRock Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Smurfit WestRock'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.

Smurfit WestRock Net-Net Working Capital Chart

Smurfit WestRock Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.09 -15.73 -14.98 -31.43 -29.88

Smurfit WestRock Quarterly Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -30.76 -29.86 -29.61 -29.88 -30.26

CHIX:SWRL vs PKG, IP, AMCR: Net-Net Working Capital Comparison

For the Packaging & Containers subindustry, Smurfit WestRock'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.


Smurfit WestRock Price-to-Net-Net-Working-Capital vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Smurfit WestRock's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Smurfit WestRock's Price-to-Net-Net-Working-Capital falls into.


CHIX:SWRL
58GF Score
Smurfit WestRock PLC CHIX:SWRL
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Smurfit WestRock Net-Net Working Capital Calculation

Smurfit WestRock's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(666.324+0.75 * 3188.196+0.5 * 2758.671-20021.841
-0-20.169)/522.310
=-29.88

Smurfit WestRock's Net-Net Working Capital (NNWC) per share for the quarter that ended in Mar. 2026 is calculated as

Net-Net Working Capital(Q: Mar. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(505.5+0.75 * 3483+0.5 * 2687.25-20315.25
-0-18.75)/524.458
=-30.26

* 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 £-30.26 mean?
Smurfit WestRock (CHIX:SWRL) has a Net-Net Working Capital of £-30.26 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 Smurfit WestRock According to the industry distribution chart, Smurfit WestRock ranks #999999 out of 129 companies in the Packaging & Containers industry.
Is Smurfit WestRock's Net-Net Working Capital too high?
Smurfit WestRock's current Net-Net Working Capital is £-30.26. Based on the distribution chart, Smurfit WestRock ranks #999999 out of 129 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Smurfit WestRock has a GF Score™ of 58/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Smurfit WestRock's Net-Net Working Capital compare to PKG and IP?
According to the Packaging & Containers industry distribution chart, Smurfit WestRock ranks #999999 out of 129 companies for Net-Net Working Capital. This places Smurfit WestRock in the lower half of its industry. The industry median Net-Net Working Capital is 5.07. 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 Packaging & Containers company?
The median Net-Net Working Capital among Packaging & Containers companies is 5.07, based on 129 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 Smurfit WestRock For the Packaging & Containers industry, the median Net-Net Working Capital is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smurfit WestRock's current Net-Net Working Capital is £-30.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smurfit WestRock stock overvalued right now?
Based on GuruFocus' analysis, Smurfit WestRock (CHIX:SWRL) is currently considered Fairly Valued. The stock's GF Value™ is £34.63, compared to a current price of £33.79 — trading 2.4% below its estimated fair value. The current Net-Net Working Capital is £-30.26. Smurfit WestRock's overall GF Score™ is 58/100 with 7 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 Smurfit WestRock (CHIX:SWRL), the current Net-Net Working Capital is £-30.26 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 Smurfit WestRock (CHIX:SWRL) Overvalued in 2026?

Based on GuruFocus' analysis, Smurfit WestRock stock appears to be undervalued. The current stock price of £33.79 is trading 2.4% below its estimated GF Value™ of £34.63. GuruFocus considers Smurfit WestRock to be Fairly Valued.

Key valuation signals for CHIX:SWRL:

  • Net-Net Working Capital: £-30.26
  • GF Value™: £34.63 vs. price of £33.79 (2.4% below fair value)
  • GF Score™: 58/100 with 7 warning signs

No single metric tells the full story. See the CHIX:SWRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Smurfit WestRock Business Description

Address Beech Hill, Clonskeagh, Dublin 4, Dublin, IRL, D04 N2R2
Smurfit WestRock PLC manufactures corrugated packaging and consumer packaging, such as folding cartons and paperboard. operates a vertically integrated system supplying wood and recovered fiber to produce various grades of board, which are then converted into packaging products. Its main packaging categories include corrugated containers and consumer packaging, with additional products such as solidboard, kraft paper, graphic board, paper sacks, and bag-in-box packaging. The company's geographical segments include North America (including the U.S., Canada and Mexico), Europe, the Middle East and Africa and Asia-Pacific, and Latin America. The majority of the company's revenue is derived from product sales in the North American region.
58GF 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.

£33.79
Price
£34.63
GF Value