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Wabash NationalLTS:0LSO +1.11%71 Net-Net Working Capital is $-15.95 as of Jun. 2026. GuruFocus rates LTS:0LSO with a GF Score™ of 71/100 and a GF Value™ of $12.53 (Fairly Valued). The stock has 11 warning signs investors should review. Among 70 Farm & Heavy Construction Machinery companies, Wabash National ranks worse than 1428570% 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.
Wabash National's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $-15.95.
The industry rank for Wabash National's Net-Net Working Capital or its related term are showing as below:
LTS:0LSO's Price-to-Net-Net-Working-Capital is not ranked *
in the Farm & Heavy Construction Machinery industry.
Industry Median: 6.755 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Wabash National (LTS:0LSO) 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.
Wabash National Net-Net Working Capital Related Terms
Wabash National Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Wabash National'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.
LTS:0LSO vs TWI, MTW, HY: Net-Net Working Capital Comparison
For the Farm & Heavy Construction Machinery subindustry, Wabash National'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.
Wabash National Price-to-Net-Net-Working-Capital vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Wabash National's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Wabash National'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 $-15.95 mean?
Wabash National (LTS:0LSO) has a Net-Net Working Capital of $-15.95 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 Wabash National According to the industry distribution chart, Wabash National ranks #999999 out of 70 companies in the Farm & Heavy Construction Machinery industry.
Is Wabash National's Net-Net Working Capital too high?
Wabash National's current Net-Net Working Capital is $-15.95. Based on the distribution chart, Wabash National ranks #999999 out of 70 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Wabash National has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Wabash National's Net-Net Working Capital compare to TWI and MTW?
According to the Farm & Heavy Construction Machinery industry distribution chart, Wabash National ranks #999999 out of 70 companies for Net-Net Working Capital. This places Wabash National in the lower half of its industry. The industry median Net-Net Working Capital is 6.76. 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 6.76, based on 70 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 Wabash National For the Farm & Heavy Construction Machinery industry, the median Net-Net Working Capital is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Wabash National's current Net-Net Working Capital is $-15.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wabash National stock overvalued right now?
Based on GuruFocus' analysis, Wabash National (LTS:0LSO) is currently considered Fairly Valued. The stock's GF Value™ is $12.53, compared to a current price of $12.74 — trading 1.7% above its estimated fair value. The current Net-Net Working Capital is $-15.95. Wabash National's overall GF Score™ is 71/100 with 11 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 Wabash National (LTS:0LSO), the current Net-Net Working Capital is $-15.95 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 Wabash National (LTS:0LSO) Overvalued in 2026?
Based on GuruFocus' analysis, Wabash National stock appears to be overvalued.
The current stock price of $12.74 is trading 1.7% above its estimated GF Value™ of $12.53.
GuruFocus considers Wabash National to be Fairly Valued.
Key valuation signals for LTS:0LSO:
Net-Net Working Capital: $-15.95
GF Value™: $12.53 vs. price of $12.74 (1.7% above fair value)
No single metric tells the full story. See the LTS:0LSO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Wabash National Corp operates as the innovation leader of connected solutions for the transportation, logistics, and distribution industries. The Company manages its business in two operating and reportable segments: Transportation Solutions and Parts & Services. It designs and manufactures products including dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food-grade processing equipment.
71GF Score
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