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JL Mag Rare-Earth CoJMREY 72 Net-Net Working Capital is $-0.78 as of Mar. 2026. GuruFocus rates JMREY with a GF Score™ of 72/100 and a GF Value™ of $14.57 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,361 Industrial Products companies, JL Mag Rare-Earth Co ranks worse than 73475.31% 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.
JL Mag Rare-Earth Co's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-0.78.
The industry rank for JL Mag Rare-Earth Co's Net-Net Working Capital or its related term are showing as below:
JMREY's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 7.74 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
JL Mag Rare-Earth Co (OTCPK:JMREY) 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.
JL Mag Rare-Earth Co Net-Net Working Capital Related Terms
JL Mag Rare-Earth Co Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for JL Mag Rare-Earth Co'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.
JL Mag Rare-Earth Co Net-Net Working Capital Chart
JMREY vs CRS, ATI, MLI: Net-Net Working Capital Comparison
For the Metal Fabrication subindustry, JL Mag Rare-Earth Co'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.
JL Mag Rare-Earth Co Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, JL Mag Rare-Earth Co's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where JL Mag Rare-Earth Co'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 $-0.78 mean?
JL Mag Rare-Earth Co (JMREY) has a Net-Net Working Capital of $-0.78 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 JL Mag Rare-Earth Co According to the industry distribution chart, JL Mag Rare-Earth Co ranks #999999 out of 1361 companies in the Industrial Products industry.
Is JL Mag Rare-Earth Co's Net-Net Working Capital too high?
JL Mag Rare-Earth Co's current Net-Net Working Capital is $-0.78. Based on the distribution chart, JL Mag Rare-Earth Co ranks #999999 out of 1361 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, JL Mag Rare-Earth Co has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does JL Mag Rare-Earth Co's Net-Net Working Capital compare to CRS and ATI?
According to the Industrial Products industry distribution chart, JL Mag Rare-Earth Co ranks #999999 out of 1361 companies for Net-Net Working Capital. This places JL Mag Rare-Earth Co in the lower half of its industry. The industry median Net-Net Working Capital is 7.74. 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 Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.74, based on 1,361 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 JL Mag Rare-Earth Co For the Industrial Products industry, the median Net-Net Working Capital is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JL Mag Rare-Earth Co's current Net-Net Working Capital is $-0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JL Mag Rare-Earth Co stock overvalued right now?
Based on GuruFocus' analysis, JL Mag Rare-Earth Co (JMREY) is currently considered Fairly Valued. The stock's GF Value™ is $14.57, compared to a current price of $15.50 — trading 6.4% above its estimated fair value. The current Net-Net Working Capital is $-0.78. JL Mag Rare-Earth Co's overall GF Score™ is 72/100 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 JL Mag Rare-Earth Co (JMREY), the current Net-Net Working Capital is $-0.78 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 JL Mag Rare-Earth Co (JMREY) Overvalued in 2026?
Based on GuruFocus' analysis, JL Mag Rare-Earth Co stock appears to be overvalued.
The current stock price of $15.50 is trading 6.4% above its estimated GF Value™ of $14.57.
GuruFocus considers JL Mag Rare-Earth Co to be Fairly Valued.
Key valuation signals for JMREY:
Net-Net Working Capital: $-0.78
GF Value™: $14.57 vs. price of $15.50 (6.4% above fair value)
No single metric tells the full story. See the JMREY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JL Mag Rare-Earth is a leading global producer of high-performance rare-earth permanent magnets. JL Mag focuses on the production and sale of NdFeB PMs, the most widely used type of REPMs, mainly made from an alloy of neodymium (Nd), iron (Fe), and boron (B). The firm is ranked first in the world by high-performance REPMs, according to Frost & Sullivan. JL Mag is also ranked first in the global grain boundary diffusion REPMs market. Its products have a wide array of applications, mainly in new energy vehicles, automotive parts, wind turbine generators, and energy-saving variable-frequency air-conditioners.
72GF Score
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