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.
Micron Technology's Net-Net Working Capital for the quarter that ended in May. 2026 was MXN262.51.
The industry rank for Micron Technology's Net-Net Working Capital or its related term are showing as below:
MEX:MU's Price-to-Net-Net-Working-Capital is ranked worse than 87.52% of 537
companies
in the Semiconductors industry
Industry Median: 12.13
vs MEX:MU: 64.16
Micron Technology (MEX:MU) 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.
Micron Technology Net-Net Working Capital Related Terms
Micron Technology Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Micron Technology'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:MU vs AMD, AVGO, INTC: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Micron Technology'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.
Micron Technology Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Micron Technology's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Micron Technology'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 MXN262.51 mean?
Micron Technology (MEX:MU) has a Net-Net Working Capital of MXN262.51 as of May. 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 Micron Technology According to the industry distribution chart, Micron Technology ranks #470 out of 537 companies in the Semiconductors industry, placing it in the top 87.5%.
Is Micron Technology's Net-Net Working Capital too high?
Micron Technology's current Net-Net Working Capital is MXN262.51. Based on the distribution chart, Micron Technology ranks #470 out of 537 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Micron Technology has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Micron Technology's Net-Net Working Capital compare to AMD and AVGO?
According to the Semiconductors industry distribution chart, Micron Technology ranks #470 out of 537 companies for Net-Net Working Capital. This places Micron Technology in the lower half of its industry. The industry median Net-Net Working Capital is 12.13. 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 12.13, based on 537 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 Micron Technology For the Semiconductors industry, the median Net-Net Working Capital is 12.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Micron Technology's current Net-Net Working Capital is MXN262.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Micron Technology stock overvalued right now?
Based on GuruFocus' analysis, Micron Technology (MEX:MU) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN9,281.35, compared to a current price of MXN16,919.57 — trading 82.3% above its estimated fair value. The current Net-Net Working Capital is MXN262.51. Micron Technology's overall GF Score™ is 77/100 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 Micron Technology (MEX:MU), the current Net-Net Working Capital is MXN262.51 as of May. 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 Micron Technology (MEX:MU) Overvalued in 2026?
Based on GuruFocus' analysis, Micron Technology stock appears to be overvalued.
The current stock price of MXN16,919.57 is trading 82.3% above its estimated GF Value™ of MXN9,281.35.
GuruFocus considers Micron Technology to be Significantly Overvalued.
Key valuation signals for MEX:MU:
Net-Net Working Capital: MXN262.51
GF Value™: MXN9,281.35 vs. price of MXN16,919.57 (82.3% above fair value)
No single metric tells the full story. See the MEX:MU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Micron is one of the largest semiconductor companies in the world, specializing in memory and storage chips. Its primary revenue stream comes from dynamic random access memory, or DRAM, and it also has minority exposure to not-and or NAND, flash chips. Micron serves a global customer base, selling chips into data centers, mobile phones, consumer electronics, and industrial and automotive applications. The firm is vertically integrated.
77GF Score
Get the complete analysis for MEX:MU
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
MEX:MU has been successfully added to your 
