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Dassault AviationMEX:AM 81 Net-Net Working Capital is MXN-3,358.89 as of Dec. 2025. GuruFocus rates MEX:AM with a GF Score™ of 81/100 and a GF Value™ of MXN7,465.62 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 118 Aerospace & Defense companies, Dassault Aviation ranks worse than 847456.78% 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.
Dassault Aviation's Net-Net Working Capital for the quarter that ended in Dec. 2025 was MXN-3,358.89.
The industry rank for Dassault Aviation's Net-Net Working Capital or its related term are showing as below:
MEX:AM's Price-to-Net-Net-Working-Capital is not ranked *
in the Aerospace & Defense industry.
Industry Median: 9.43 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Dassault Aviation (MEX:AM) 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.
Dassault Aviation Net-Net Working Capital Related Terms
Dassault Aviation Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Dassault Aviation'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.
MEX:AM vs SPCX, GE, RTX: Net-Net Working Capital Comparison
For the Aerospace & Defense subindustry, Dassault Aviation'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.
Dassault Aviation Price-to-Net-Net-Working-Capital vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Dassault Aviation's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Dassault Aviation'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 MXN-3,358.89 mean?
Dassault Aviation (MEX:AM) has a Net-Net Working Capital of MXN-3,358.89 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 Dassault Aviation According to the industry distribution chart, Dassault Aviation ranks #999999 out of 118 companies in the Aerospace & Defense industry.
Is Dassault Aviation's Net-Net Working Capital too high?
Dassault Aviation's current Net-Net Working Capital is MXN-3,358.89. Based on the distribution chart, Dassault Aviation ranks #999999 out of 118 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Dassault Aviation has a GF Score™ of 81/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dassault Aviation's Net-Net Working Capital compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Dassault Aviation ranks #999999 out of 118 companies for Net-Net Working Capital. This places Dassault Aviation in the lower half of its industry. The industry median Net-Net Working Capital is 9.43. 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 an Aerospace & Defense company?
The median Net-Net Working Capital among Aerospace & Defense companies is 9.43, based on 118 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 Dassault Aviation For the Aerospace & Defense industry, the median Net-Net Working Capital is 9.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dassault Aviation's current Net-Net Working Capital is MXN-3,358.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dassault Aviation stock overvalued right now?
Based on GuruFocus' analysis, Dassault Aviation (MEX:AM) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN7,465.62, compared to a current price of MXN5,709.86 — trading 23.5% below its estimated fair value. The current Net-Net Working Capital is MXN-3,358.89. Dassault Aviation's overall GF Score™ is 81/100 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 Dassault Aviation (MEX:AM), the current Net-Net Working Capital is MXN-3,358.89 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 Dassault Aviation (MEX:AM) Overvalued in 2026?
Based on GuruFocus' analysis, Dassault Aviation stock appears to be undervalued.
The current stock price of MXN5,709.86 is trading 23.5% below its estimated GF Value™ of MXN7,465.62.
GuruFocus considers Dassault Aviation to be Modestly Undervalued.
Key valuation signals for MEX:AM:
Net-Net Working Capital: MXN-3,358.89
GF Value™: MXN7,465.62 vs. price of MXN5,709.86 (23.5% below fair value)
No single metric tells the full story. See the MEX:AM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Dassault Aviation, controlled by the French Dassault Group, designs, builds, and maintains military fighter jets and is one of the largest manufacturers of business jets. It holds a 26.6% stake in defense electronics group Thales, whose earnings contribution accounts for roughly half of Dassault's adjusted net income. In 2025, Dassault Aviation generated EUR 7.4 billion in revenue with over 15,000 employees. About 63% of revenue comes from defense aircraft and services, while Falcon business jets generate the remaining 37%.
81GF Score
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