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RS2MAL:RS2 46 Net-Net Working Capital is €-0.07 as of Jun. 2026. GuruFocus rates MAL:RS2 with a GF Score™ of 46/100. The stock has 4 warning signs investors should review. Among 1,227 Software companies, RS2 ranks worse than 81499.51% 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.
RS2's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €-0.07.
The industry rank for RS2's Net-Net Working Capital or its related term are showing as below:
MAL:RS2's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.03 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
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.
RS2 Net-Net Working Capital Related Terms
RS2 Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for RS2'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.
MAL:RS2 vs MSFT, PLTR, ORCL: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, RS2'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.
RS2 Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, RS2's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where RS2'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?
RS2 (MAL:RS2) has a Net-Net Working Capital of €-0.07 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 RS2 According to the industry distribution chart, RS2 ranks #999999 out of 1227 companies in the Software industry.
Is RS2's Net-Net Working Capital too high?
RS2's current Net-Net Working Capital is €-0.07. Based on the distribution chart, RS2 ranks #999999 out of 1227 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, RS2 has a GF Score™ of 46/100, reflecting its overall financial health beyond just this single metric.
How does RS2's Net-Net Working Capital compare to MSFT and PLTR?
According to the Software industry distribution chart, RS2 ranks #999999 out of 1227 companies for Net-Net Working Capital. This places RS2 in the lower half of its industry. The industry median Net-Net Working Capital is 7.03. 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 7.03, based on 1,227 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 RS2 For the Software industry, the median Net-Net Working Capital is 7.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RS2'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 RS2 stock overvalued right now?
RS2 (MAL:RS2) has a current Net-Net Working Capital of €-0.07. The current Net-Net Working Capital is €-0.07. RS2's overall GF Score™ is 46/100 with 4 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 RS2 (MAL:RS2), the current Net-Net Working Capital is €-0.07 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.
RS2 PLC is engaged in providing Payments Software and Managed Services. It is involved in the development, installation, implementation, and marketing of computer software for financial institutions under the trademark of BankWORKS and the processing of payment transactions with the use of BankWORKS. Its segments include Licensing of the company's BankWORKS software to banks and Service providers, including maintenance and enhanced services thereto; Processing of payment transactions utilizing the group's BankWORKS software; and Merchant Solutions, which include issuing and acquiring payment solutions directly to merchants, including terminal and PSP gateway services. Its geographic segments include Malta, the United Kingdom and Ireland, the United States, and Other countries.
46GF Score
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