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Malibu BoatsMBUU -1.53%75 Net-Net Working Capital is $-16.01 as of Mar. 2026. GuruFocus rates MBUU with a GF Score™ of 75/100 and a GF Value™ of $36.98 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 385 Vehicles & Parts companies, Malibu Boats ranks worse than 259740% 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.
Malibu Boats's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-16.01.
The industry rank for Malibu Boats's Net-Net Working Capital or its related term are showing as below:
MBUU's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.42 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Malibu Boats (NAS:MBUU) 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.
Malibu Boats Net-Net Working Capital Related Terms
Malibu Boats Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Malibu Boats'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.
MBUU vs MCFT, WGO, KNDI: Net-Net Working Capital Comparison
For the Recreational Vehicles subindustry, Malibu Boats'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.
Malibu Boats Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Malibu Boats's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Malibu Boats'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 $-16.01 mean?
Malibu Boats (MBUU) has a Net-Net Working Capital of $-16.01 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 Malibu Boats According to the industry distribution chart, Malibu Boats ranks #999999 out of 385 companies in the Vehicles & Parts industry.
Is Malibu Boats' Net-Net Working Capital too high?
Malibu Boats' current Net-Net Working Capital is $-16.01. Based on the distribution chart, Malibu Boats ranks #999999 out of 385 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Malibu Boats has a GF Score™ of 75/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Malibu Boats' Net-Net Working Capital compare to MCFT and WGO?
According to the Vehicles & Parts industry distribution chart, Malibu Boats ranks #999999 out of 385 companies for Net-Net Working Capital. This places Malibu Boats in the lower half of its industry. The industry median Net-Net Working Capital is 7.42. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 7.42, based on 385 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 Malibu Boats For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Malibu Boats's current Net-Net Working Capital is $-16.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Malibu Boats stock overvalued right now?
Based on GuruFocus' analysis, Malibu Boats (MBUU) is currently considered Modestly Undervalued. The stock's GF Value™ is $36.98, compared to a current price of $27.73 — trading 25% below its estimated fair value. The current Net-Net Working Capital is $-16.01. Malibu Boats' overall GF Score™ is 75/100 with 8 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 Malibu Boats (MBUU), the current Net-Net Working Capital is $-16.01 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 Malibu Boats (MBUU) Overvalued in 2026?
Based on GuruFocus' analysis, Malibu Boats stock appears to be undervalued.
The current stock price of $27.73 is trading 25% below its estimated GF Value™ of $36.98.
GuruFocus considers Malibu Boats to be Modestly Undervalued.
Key valuation signals for MBUU:
Net-Net Working Capital: $-16.01
GF Value™: $36.98 vs. price of $27.73 (25% below fair value)
No single metric tells the full story. See the MBUU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Malibu Boats is a designer and manufacturer of power boats in the United States. It is a market leader in performance sport boats, sold under its Malibu and Axis brands. It acquired Cobalt Boats, a producer of sterndrive boats, in 2017, and Pursuit Boats, which makes high-end offshore and outboard motorboats, in 2018. In 2021, it purchased Maverick Boat Group, a seller of flat fishing boats, with exposure to bay, dual console, and center console boats. Most recently, in 2026, it tied up with Saxdor Yachts, focused on adventure dayboats. Malibu has also expanded into boat trailers and accessories, and in 2020, began producing its own engines for its performance sport boats.
75GF Score
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