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Functional BrandsMEHA +6.52% Net-Net Working Capital is $-0.45 as of Mar. 2026. The stock has 3 warning signs investors should review. Among 660 Consumer Packaged Goods companies, Functional Brands ranks worse than 151515% 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.
Functional Brands's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-0.45.
The industry rank for Functional Brands's Net-Net Working Capital or its related term are showing as below:
MEHA's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 6.73 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Functional Brands (OTCPK:MEHA) 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.
Functional Brands Net-Net Working Capital Related Terms
Functional Brands Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Functional Brands'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.
MEHA vs BSFC, NBND, TRWD: Net-Net Working Capital Comparison
For the Packaged Foods subindustry, Functional Brands'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.
Functional Brands Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Functional Brands's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Functional Brands'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 $-0.45 mean?
Functional Brands (MEHA) has a Net-Net Working Capital of $-0.45 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 Functional Brands According to the industry distribution chart, Functional Brands ranks #999999 out of 660 companies in the Consumer Packaged Goods industry.
Is Functional Brands' Net-Net Working Capital too high?
Functional Brands' current Net-Net Working Capital is $-0.45. Based on the distribution chart, Functional Brands ranks #999999 out of 660 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers.
How does Functional Brands' Net-Net Working Capital compare to BSFC and NBND?
According to the Consumer Packaged Goods industry distribution chart, Functional Brands ranks #999999 out of 660 companies for Net-Net Working Capital. This places Functional Brands in the lower half of its industry. The industry median Net-Net Working Capital is 6.73. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.73, based on 660 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 Functional Brands For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Functional Brands's current Net-Net Working Capital is $-0.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Functional Brands stock overvalued right now?
Functional Brands (MEHA) has a current Net-Net Working Capital of $-0.45. The current Net-Net Working Capital is $-0.45. 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 Functional Brands (MEHA), the current Net-Net Working Capital is $-0.45 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.
Functional Brands Inc operates in the nutraceutical supplement industry. It is a manufacturer and distributor of supplements in categories such as pain, energy, prenatal, general health, bone and joint, gastro, immunity, cardiac, detox, brain and memory, sleep, prenatal and urinary. It is focus on end-consumers through different channels that include pharmacies, wholesalers, international distributors and direct-to-consumers sales. The Company has two reportable segments: 1) Kirkman, which sells a range of nutraceuticals, supplements and related products direct to consumers; 2) HT Naturals, which sells a range of hemp products. Key revenue is generated from Kirkman.
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