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.
Pony AIMEX:PONYN 10 Net-Net Working Capital is MXN39.78 as of Mar. 2026. GuruFocus rates MEX:PONYN with a GF Score™ of 10/100. The stock has 2 warning signs investors should review. Among 1,257 Software companies, Pony AI ranks better than 73.35% 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.
Pony AI's Net-Net Working Capital for the quarter that ended in Mar. 2026 was MXN39.78.
The industry rank for Pony AI's Net-Net Working Capital or its related term are showing as below:
MEX:PONYN's Price-to-Net-Net-Working-Capital is ranked better than 73.35% of 1257
companies
in the Software industry
Industry Median: 7.08
vs MEX:PONYN: 3.68
Pony AI (MEX:PONYN) 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.
Pony AI Net-Net Working Capital Related Terms
Pony AI Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Pony AI'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:PONYN vs CHRN, PENG, CSQR: Net-Net Working Capital Comparison
For the Information Technology Services subindustry, Pony AI'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.
Pony AI Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Pony AI's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Pony AI'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 MXN39.78 mean?
Pony AI (MEX:PONYN) has a Net-Net Working Capital of MXN39.78 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 Pony AI According to the industry distribution chart, Pony AI ranks #335 out of 1257 companies in the Software industry, placing it in the top 26.7%.
Is Pony AI's Net-Net Working Capital too high?
Pony AI's current Net-Net Working Capital is MXN39.78. Based on the distribution chart, Pony AI ranks #335 out of 1257 companies in the Software industry, which is above the industry midpoint. Overall, Pony AI has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Pony AI's Net-Net Working Capital compare to CHRN and PENG?
According to the Software industry distribution chart, Pony AI ranks #335 out of 1257 companies for Net-Net Working Capital. This puts Pony AI in the upper half of its industry. The industry median Net-Net Working Capital is 7.08. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.08, based on 1,257 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 Pony AI For the Software industry, the median Net-Net Working Capital is 7.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pony AI's current Net-Net Working Capital is MXN39.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pony AI stock overvalued right now?
Pony AI (MEX:PONYN) has a current Net-Net Working Capital of MXN39.78. The current Net-Net Working Capital is MXN39.78. Pony AI's overall GF Score™ is 10/100 with 2 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 Pony AI (MEX:PONYN), the current Net-Net Working Capital is MXN39.78 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.
Pony AI Inc is an artificial intelligence technology company that is principally engaged in the operation and development of autonomous vehicles. It operates fully driverless robotaxis through the PonyPilot mobile app in Beijing, Shanghai, Guangzhou, and Shenzhen. The company operates a fleet of robotaxis. The Group conducts its operations mainly in the People's Republic of China (PRC) and the United States of America (U.S.) through subsidiaries. Key revenue is generated from the Peoples Republic of China.
10GF Score
Get the complete analysis for MEX:PONYN
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:PONYN has been successfully added to your 
