FutureFuelFF +0.43%58 Net-Net Working Capital is $0.35 as of Mar. 2026. GuruFocus rates FF with a GF Score™ of 58/100 and a GF Value™ of $1.95 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 589 Chemicals companies, FutureFuel ranks worse than 64.18% 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.
FutureFuel's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.35.
The industry rank for FutureFuel's Net-Net Working Capital or its related term are showing as below:
FF's Price-to-Net-Net-Working-Capital is ranked worse than 64.18% of 589
companies
in the Chemicals industry
Industry Median: 8.01
vs FF: 13.26
FutureFuel (NYSE:FF) 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.
FutureFuel Net-Net Working Capital Related Terms
FutureFuel Net-Net Working Capital Historical Data
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The historical data trend for FutureFuel'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.
FF vs RLEA, CMT, MNTK: Net-Net Working Capital Comparison
For the Specialty Chemicals subindustry, FutureFuel'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.
FutureFuel Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, FutureFuel's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where FutureFuel'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 $0.35 mean?
FutureFuel (FF) has a Net-Net Working Capital of $0.35 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 FutureFuel According to the industry distribution chart, FutureFuel ranks #378 out of 589 companies in the Chemicals industry, placing it in the top 64.2%.
Is FutureFuel's Net-Net Working Capital too high?
FutureFuel's current Net-Net Working Capital is $0.35. The Chemicals industry median Net-Net Working Capital is 8.01. FutureFuel's value of $0.35 is 95.6% below this industry median. Based on the distribution chart, FutureFuel ranks #378 out of 589 companies in the Chemicals industry, which is below the industry midpoint. Overall, FutureFuel has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FutureFuel's Net-Net Working Capital compare to RLEA and CMT?
According to the Chemicals industry distribution chart, FutureFuel ranks #378 out of 589 companies for Net-Net Working Capital. This places FutureFuel in the lower half of its industry. The industry median Net-Net Working Capital is 8.01. FutureFuel's value of $0.35 is 95.6% below this benchmark. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 8.01, based on 589 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. FutureFuel's current Net-Net Working Capital of $0.35 is 95.6% below the industry median. 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 FutureFuel For the Chemicals industry, the median Net-Net Working Capital is 8.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FutureFuel's current Net-Net Working Capital is $0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FutureFuel stock overvalued right now?
Based on GuruFocus' analysis, FutureFuel (FF) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.95, compared to a current price of $4.64 — trading 137.9% above its estimated fair value. The current Net-Net Working Capital is $0.35 and 95.6% below the Chemicals industry median of 8.01. FutureFuel'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 FutureFuel (FF), the current Net-Net Working Capital is $0.35 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 FutureFuel (FF) Overvalued in 2026?
Based on GuruFocus' analysis, FutureFuel stock appears to be overvalued.
The current stock price of $4.64 is trading 137.9% above its estimated GF Value™ of $1.95.
GuruFocus considers FutureFuel to be Significantly Overvalued.
Key valuation signals for FF:
Net-Net Working Capital: $0.35
GF Value™: $1.95 vs. price of $4.64 (137.9% above fair value)
Industry Position: 95.6% below the Chemicals median (#378 of 589)
No single metric tells the full story. See the FF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FutureFuel Corp makes and sells diversified chemical products, bio-based fuel products, and specialty chemical products. The company is organized into two segments based on product type: biofuels and chemicals. The biofuels segment sells biodiesel and other petroleum products, with fuels made from a mix of diesel, vegetable oils, and grease feedstock. The chemicals segment, which generates the majority of revenue, sells products used in the production of agricultural chemicals, including herbicides, as well as coatings and cleaning products such as detergents.
58GF Score
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