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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.
Remitly Global's Net-Net Working Capital for the quarter that ended in Jun. 2026 was MXN1.12.
The industry rank for Remitly Global's Net-Net Working Capital or its related term are showing as below:
MEX:RELY's Price-to-Net-Net-Working-Capital is ranked worse than 60.31% of 1227
companies
in the Software industry
Industry Median: 7.03
vs MEX:RELY: 9.77
Remitly Global (MEX:RELY) 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.
Remitly Global Net-Net Working Capital Related Terms
Remitly Global Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Remitly Global'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:RELY vs ACIW, CORZ, NTSK: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, Remitly Global'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.
Remitly Global Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Remitly Global's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Remitly Global'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 MXN1.12 mean?
Remitly Global (MEX:RELY) has a Net-Net Working Capital of MXN1.12 as of Jun. 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 Remitly Global According to the industry distribution chart, Remitly Global ranks #740 out of 1227 companies in the Software industry, placing it in the top 60.3%.
Is Remitly Global's Net-Net Working Capital too high?
Remitly Global's current Net-Net Working Capital is MXN1.12. Based on the distribution chart, Remitly Global ranks #740 out of 1227 companies in the Software industry, which is below the industry midpoint. Overall, Remitly Global has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Remitly Global's Net-Net Working Capital compare to ACIW and CORZ?
According to the Software industry distribution chart, Remitly Global ranks #740 out of 1227 companies for Net-Net Working Capital. This places Remitly Global in the lower half of its industry. The industry median Net-Net Working Capital is 7.03. 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 7.03, based on 1,227 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 Remitly Global For the Software industry, the median Net-Net Working Capital is 7.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Remitly Global's current Net-Net Working Capital is MXN1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Remitly Global stock overvalued right now?
Based on GuruFocus' analysis, Remitly Global (MEX:RELY) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN3,189.12, compared to a current price of MXN420.00 — trading 86.8% below its estimated fair value. The current Net-Net Working Capital is MXN1.12. Remitly Global's overall GF Score™ is 54/100 with 4 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 Remitly Global (MEX:RELY), the current Net-Net Working Capital is MXN1.12 as of Jun. 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 Remitly Global (MEX:RELY) Overvalued in 2026?
Based on GuruFocus' analysis, Remitly Global stock appears to be undervalued.
The current stock price of MXN420.00 is trading 86.8% below its estimated GF Value™ of MXN3,189.12.
GuruFocus considers Remitly Global to be Significantly Undervalued.
Key valuation signals for MEX:RELY:
Net-Net Working Capital: MXN1.12
GF Value™: MXN3,189.12 vs. price of MXN420.00 (86.8% below fair value)
No single metric tells the full story. See the MEX:RELY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Remitly Global Inc provides integrated financial services to immigrants, including helping customers send money internationally in a quick, reliable, and more cost-effective manner by leveraging digital channels. It supports cross-border transmissions across the globe. The company's revenue is generated from transaction fees charged to customers, and foreign exchange spreads between the foreign exchange rate offered to customers and the foreign exchange rate on the company's currency purchases.
54GF 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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