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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.
Made Tech Group's Net-Net Working Capital for the quarter that ended in Nov. 2025 was £0.07.
The industry rank for Made Tech Group's Net-Net Working Capital or its related term are showing as below:
LSE:MTEC's Price-to-Net-Net-Working-Capital is ranked better than 60.29% of 1254
companies
in the Software industry
Industry Median: 7.1
vs LSE:MTEC: 5.46
Made Tech Group (LSE:MTEC) 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.
Made Tech Group Net-Net Working Capital Related Terms
Made Tech Group Net-Net Working Capital Historical Data
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The historical data trend for Made Tech Group'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.
LSE:MTEC vs IBM, ACN, FISV: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, Made Tech Group'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.
Made Tech Group Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Made Tech Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Made Tech Group'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 £0.07 mean?
Made Tech Group (LSE:MTEC) has a Net-Net Working Capital of £0.07 as of Nov. 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 Made Tech Group According to the industry distribution chart, Made Tech Group ranks #498 out of 1254 companies in the Software industry, placing it in the top 39.7%.
Is Made Tech Group's Net-Net Working Capital too high?
Made Tech Group's current Net-Net Working Capital is £0.07. Based on the distribution chart, Made Tech Group ranks #498 out of 1254 companies in the Software industry, which is above the industry midpoint. Overall, Made Tech Group has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Made Tech Group's Net-Net Working Capital compare to IBM and ACN?
According to the Software industry distribution chart, Made Tech Group ranks #498 out of 1254 companies for Net-Net Working Capital. This puts Made Tech Group in the upper half of its industry. The industry median Net-Net Working Capital is 7.10. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.10, based on 1,254 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 Made Tech Group For the Software industry, the median Net-Net Working Capital is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Made Tech Group's current Net-Net Working Capital is £0.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Made Tech Group stock overvalued right now?
Based on GuruFocus' analysis, Made Tech Group (LSE:MTEC) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.28, compared to a current price of £0.38 — trading 36.6% above its estimated fair value. The current Net-Net Working Capital is £0.07. Made Tech Group's overall GF Score™ is 66/100 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 Made Tech Group (LSE:MTEC), the current Net-Net Working Capital is £0.07 as of Nov. 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 Made Tech Group (LSE:MTEC) Overvalued in 2026?
Based on GuruFocus' analysis, Made Tech Group stock appears to be overvalued.
The current stock price of £0.38 is trading 36.6% above its estimated GF Value™ of £0.28.
GuruFocus considers Made Tech Group to be Significantly Overvalued.
Key valuation signals for LSE:MTEC:
Net-Net Working Capital: £0.07
GF Value™: £0.28 vs. price of £0.38 (36.6% above fair value)
No single metric tells the full story. See the LSE:MTEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Made Tech Group PLC is a provider of digital, data, and technology services to the UK public sector. The company's service offerings include digital service delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation. The company generates the majority of its revenue from the provision of digital services.
66GF 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.
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