Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
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.
Monarch Casino & Resort's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $-0.83.
The industry rank for Monarch Casino & Resort's Net-Net Working Capital or its related term are showing as below:
MCRI's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 5.91 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Monarch Casino & Resort (NAS:MCRI) 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.
Monarch Casino & Resort Net-Net Working Capital Related Terms
Monarch Casino & Resort Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Monarch Casino & Resort'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.
Monarch Casino & Resort Net-Net Working Capital Chart
MCRI vs PENN, RRR, HGV: Net-Net Working Capital Comparison
For the Resorts & Casinos subindustry, Monarch Casino & Resort'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.
Monarch Casino & Resort Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Monarch Casino & Resort's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Monarch Casino & Resort'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 $-0.83 mean?
Monarch Casino & Resort (MCRI) has a Net-Net Working Capital of $-0.83 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 Monarch Casino & Resort According to the industry distribution chart, Monarch Casino & Resort ranks #999999 out of 208 companies in the Travel & Leisure industry.
Is Monarch Casino & Resort's Net-Net Working Capital too high?
Monarch Casino & Resort's current Net-Net Working Capital is $-0.83. Based on the distribution chart, Monarch Casino & Resort ranks #999999 out of 208 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Monarch Casino & Resort has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Monarch Casino & Resort's Net-Net Working Capital compare to PENN and RRR?
According to the Travel & Leisure industry distribution chart, Monarch Casino & Resort ranks #999999 out of 208 companies for Net-Net Working Capital. This places Monarch Casino & Resort in the lower half of its industry. The industry median Net-Net Working Capital is 5.91. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 5.91, based on 208 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 Monarch Casino & Resort For the Travel & Leisure industry, the median Net-Net Working Capital is 5.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Monarch Casino & Resort's current Net-Net Working Capital is $-0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monarch Casino & Resort stock overvalued right now?
Based on GuruFocus' analysis, Monarch Casino & Resort (MCRI) is currently considered Modestly Overvalued. The stock's GF Value™ is $92.80, compared to a current price of $120.20 — trading 29.5% above its estimated fair value. The current Net-Net Working Capital is $-0.83. Monarch Casino & Resort's overall GF Score™ is 90/100 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 Monarch Casino & Resort (MCRI), the current Net-Net Working Capital is $-0.83 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 Monarch Casino & Resort (MCRI) Overvalued in 2026?
Based on GuruFocus' analysis, Monarch Casino & Resort stock appears to be overvalued.
The current stock price of $120.20 is trading 29.5% above its estimated GF Value™ of $92.80.
GuruFocus considers Monarch Casino & Resort to be Modestly Overvalued.
Key valuation signals for MCRI:
Net-Net Working Capital: $-0.83
GF Value™: $92.80 vs. price of $120.20 (29.5% above fair value)
No single metric tells the full story. See the MCRI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Monarch Casino & Resort Inc is engaged in providing the latest gaming, dining, and hospitality amenities. It owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada, and the Monarch Black Hawk Casino in Black Hawk. The company generates the majority of its revenue from Casinos, followed by Food & Beverage and Hotel Operations.
90GF Score
Get the complete analysis for MCRI
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MCRI has been successfully added to your 
