Muehlbauer Holding AGLTS:0O2Z 77 Net-Net Working Capital is €-4.64 as of Dec. 2025. GuruFocus rates LTS:0O2Z with a GF Score™ of 77/100 and a GF Value™ of €59.26 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,220 Hardware companies, Muehlbauer Holding AG ranks worse than 81967.13% 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.
Muehlbauer Holding AG's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €-4.64.
The industry rank for Muehlbauer Holding AG's Net-Net Working Capital or its related term are showing as below:
LTS:0O2Z's Price-to-Net-Net-Working-Capital is not ranked *
in the Hardware industry.
Industry Median: 9.715 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Muehlbauer Holding AG (LTS:0O2Z) 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.
Muehlbauer Holding AG Net-Net Working Capital Related Terms
Muehlbauer Holding AG Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Muehlbauer Holding AG'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.
Muehlbauer Holding AG Net-Net Working Capital Chart
LTS:0O2Z vs DELL, SNDK, ANET: Net-Net Working Capital Comparison
For the Computer Hardware subindustry, Muehlbauer Holding AG'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.
Muehlbauer Holding AG Price-to-Net-Net-Working-Capital vs Hardware Industry
For the Hardware industry and Technology sector, Muehlbauer Holding AG's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Muehlbauer Holding AG'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 €-4.64 mean?
Muehlbauer Holding AG (LTS:0O2Z) has a Net-Net Working Capital of €-4.64 as of Dec. 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 Muehlbauer Holding AG According to the industry distribution chart, Muehlbauer Holding AG ranks #999999 out of 1220 companies in the Hardware industry.
Is Muehlbauer Holding AG's Net-Net Working Capital too high?
Muehlbauer Holding AG's current Net-Net Working Capital is €-4.64. Based on the distribution chart, Muehlbauer Holding AG ranks #999999 out of 1220 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Muehlbauer Holding AG has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Muehlbauer Holding AG's Net-Net Working Capital compare to DELL and SNDK?
According to the Hardware industry distribution chart, Muehlbauer Holding AG ranks #999999 out of 1220 companies for Net-Net Working Capital. This places Muehlbauer Holding AG in the lower half of its industry. The industry median Net-Net Working Capital is 9.72. 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 Hardware company?
The median Net-Net Working Capital among Hardware companies is 9.72, based on 1,220 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 Muehlbauer Holding AG For the Hardware industry, the median Net-Net Working Capital is 9.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Muehlbauer Holding AG's current Net-Net Working Capital is €-4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Muehlbauer Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Muehlbauer Holding AG (LTS:0O2Z) is currently considered Significantly Undervalued. The stock's GF Value™ is €59.26, compared to a current price of €38.80 — trading 34.5% below its estimated fair value. The current Net-Net Working Capital is €-4.64. Muehlbauer Holding AG's overall GF Score™ is 77/100 with 3 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 Muehlbauer Holding AG (LTS:0O2Z), the current Net-Net Working Capital is €-4.64 as of Dec. 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 Muehlbauer Holding AG (LTS:0O2Z) Overvalued in 2026?
Based on GuruFocus' analysis, Muehlbauer Holding AG stock appears to be undervalued.
The current stock price of €38.80 is trading 34.5% below its estimated GF Value™ of €59.26.
GuruFocus considers Muehlbauer Holding AG to be Significantly Undervalued.
Key valuation signals for LTS:0O2Z:
Net-Net Working Capital: €-4.64
GF Value™: €59.26 vs. price of €38.80 (34.5% below fair value)
No single metric tells the full story. See the LTS:0O2Z stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Muehlbauer Holding AG is a German-based technology solutions provider with operations spread across multiple continents. Its business is segregated into three divisions; Precision Parts, Production Equipment and Government Solutions. The Precision Parts segment is associated with precision engineering and surface engineering. The Productions Equipment segment offers die sorting, smart cards, flexible solar technology and RFID/Smart Label technologies and the Government Solutions segment focuses on Identity document (ID) card solutions, document verification solutions, productions facility solutions, border management solutions and e-government solutions.
77GF Score
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