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Gencor IndustriesGENC -0.05%95 Net-Net Working Capital is $11.98 as of Jun. 2026. GuruFocus rates GENC with a GF Score™ of 95/100 and a GF Value™ of $15.97 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 73 Farm & Heavy Construction Machinery companies, Gencor Industries ranks better than 94.52% 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.
Gencor Industries's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $11.98.
The industry rank for Gencor Industries's Net-Net Working Capital or its related term are showing as below:
GENC's Price-to-Net-Net-Working-Capital is ranked better than 94.52% of 73
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.05
vs GENC: 1.59
Gencor Industries (AMEX:GENC) 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.
Gencor Industries Net-Net Working Capital Related Terms
Gencor Industries Net-Net Working Capital Historical Data
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The historical data trend for Gencor Industries'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.
GENC vs BNC, XOS, SCAG: Net-Net Working Capital Comparison
For the Farm & Heavy Construction Machinery subindustry, Gencor Industries'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.
Gencor Industries Price-to-Net-Net-Working-Capital vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Gencor Industries's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Gencor Industries'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 $11.98 mean?
Gencor Industries (GENC) has a Net-Net Working Capital of $11.98 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 Gencor Industries According to the industry distribution chart, Gencor Industries ranks #4 out of 73 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 5.5%.
Is Gencor Industries' Net-Net Working Capital too high?
Gencor Industries' current Net-Net Working Capital is $11.98. The Farm & Heavy Construction Machinery industry median Net-Net Working Capital is 7.05. Gencor Industries' value of $11.98 is 69.9% above this industry median. Based on the distribution chart, Gencor Industries ranks #4 out of 73 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Gencor Industries has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gencor Industries' Net-Net Working Capital compare to BNC and XOS?
According to the Farm & Heavy Construction Machinery industry distribution chart, Gencor Industries ranks #4 out of 73 companies for Net-Net Working Capital. This places Gencor Industries in the top 6% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.05. Gencor Industries' value of $11.98 is 69.9% above 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 Farm & Heavy Construction Machinery company?
The median Net-Net Working Capital among Farm & Heavy Construction Machinery companies is 7.05, based on 73 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. Gencor Industries's current Net-Net Working Capital of $11.98 is 69.9% above 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 Gencor Industries For the Farm & Heavy Construction Machinery industry, the median Net-Net Working Capital is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gencor Industries's current Net-Net Working Capital is $11.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gencor Industries stock overvalued right now?
Based on GuruFocus' analysis, Gencor Industries (GENC) is currently considered Modestly Overvalued. The stock's GF Value™ is $15.97, compared to a current price of $19.02 — trading 19.1% above its estimated fair value. The current Net-Net Working Capital is $11.98 and 69.9% above the Farm & Heavy Construction Machinery industry median of 7.05. Gencor Industries' overall GF Score™ is 95/100 with 6 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 Gencor Industries (GENC), the current Net-Net Working Capital is $11.98 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 Gencor Industries (GENC) Overvalued in 2026?
Based on GuruFocus' analysis, Gencor Industries stock appears to be overvalued.
The current stock price of $19.02 is trading 19.1% above its estimated GF Value™ of $15.97.
GuruFocus considers Gencor Industries to be Modestly Overvalued.
Key valuation signals for GENC:
Net-Net Working Capital: $11.98
GF Value™: $15.97 vs. price of $19.02 (19.1% above fair value)
Industry Position: 69.9% above the Farm & Heavy Construction Machinery median (#4 of 73)
No single metric tells the full story. See the GENC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gencor Industries Inc and its subsidiaries are a manufacturer of heavy machinery used in the production of highway construction materials and environmental control equipment. The Company's products are manufactured in the United States and sold through a combination of Company sales representatives and independent dealers and agents. The Company has one reporting segment, equipment for the highway construction industry. The Company's principal core products include asphalt pavers, hot mix asphalt plants, combustion systems, and fluid heat transfer systems. It operates in the United States, Canada, and other foreign countries, with the majority of revenue coming from the United States.
95GF Score
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