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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.
Monolithic Power Systems's Net-Net Working Capital for the quarter that ended in Mar. 2026 was MXN415.44.
The industry rank for Monolithic Power Systems's Net-Net Working Capital or its related term are showing as below:
MEX:MPWR's Price-to-Net-Net-Working-Capital is ranked worse than 87.1% of 535
companies
in the Semiconductors industry
Industry Median: 11.89
vs MEX:MPWR: 60.64
Monolithic Power Systems (MEX:MPWR) 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.
Monolithic Power Systems Net-Net Working Capital Related Terms
Monolithic Power Systems Net-Net Working Capital Historical Data
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The historical data trend for Monolithic Power Systems'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.
Monolithic Power Systems Net-Net Working Capital Chart
MEX:MPWR vs ALAB, NXPI, MCHP: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Monolithic Power Systems'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.
Monolithic Power Systems Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Monolithic Power Systems's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Monolithic Power Systems'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 MXN415.44 mean?
Monolithic Power Systems (MEX:MPWR) has a Net-Net Working Capital of MXN415.44 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 Monolithic Power Systems According to the industry distribution chart, Monolithic Power Systems ranks #466 out of 535 companies in the Semiconductors industry, placing it in the top 87.1%.
Is Monolithic Power Systems' Net-Net Working Capital too high?
Monolithic Power Systems' current Net-Net Working Capital is MXN415.44. Based on the distribution chart, Monolithic Power Systems ranks #466 out of 535 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Monolithic Power Systems has a GF Score™ of 96/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Monolithic Power Systems' Net-Net Working Capital compare to ALAB and NXPI?
According to the Semiconductors industry distribution chart, Monolithic Power Systems ranks #466 out of 535 companies for Net-Net Working Capital. This places Monolithic Power Systems in the lower half of its industry. The industry median Net-Net Working Capital is 11.89. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.89, based on 535 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 Monolithic Power Systems For the Semiconductors industry, the median Net-Net Working Capital is 11.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Monolithic Power Systems's current Net-Net Working Capital is MXN415.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Monolithic Power Systems stock overvalued right now?
Based on GuruFocus' analysis, Monolithic Power Systems (MEX:MPWR) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN18,038.21, compared to a current price of MXN22,950.00 — trading 27.2% above its estimated fair value. The current Net-Net Working Capital is MXN415.44. Monolithic Power Systems' overall GF Score™ is 96/100 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 Monolithic Power Systems (MEX:MPWR), the current Net-Net Working Capital is MXN415.44 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 Monolithic Power Systems (MEX:MPWR) Overvalued in 2026?
Based on GuruFocus' analysis, Monolithic Power Systems stock appears to be overvalued.
The current stock price of MXN22,950.00 is trading 27.2% above its estimated GF Value™ of MXN18,038.21.
GuruFocus considers Monolithic Power Systems to be Modestly Overvalued.
Key valuation signals for MEX:MPWR:
Net-Net Working Capital: MXN415.44
GF Value™: MXN18,038.21 vs. price of MXN22,950.00 (27.2% above fair value)
No single metric tells the full story. See the MEX:MPWR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Monolithic Power Systems is an analog and mixed-signal chipmaker specializing in power management solutions. Its mission is to reduce total energy consumption in end systems. It serves the computing, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.
96GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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