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VistraMEX:VST -0.95%80 Net-Net Working Capital is MXN-1,896.19 as of Mar. 2026. GuruFocus rates MEX:VST with a GF Score™ of 80/100 and a GF Value™ of MXN2,941.79 (Fairly Valued). The stock has 6 warning signs investors should review. Among 64 Utilities - Independent Power Producers companies, Vistra ranks worse than 1562498.44% 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.
Vistra's Net-Net Working Capital for the quarter that ended in Mar. 2026 was MXN-1,896.19.
The industry rank for Vistra's Net-Net Working Capital or its related term are showing as below:
MEX:VST's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Independent Power Producers industry.
Industry Median: 7.23 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Vistra (MEX:VST) 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.
Vistra Net-Net Working Capital Related Terms
Vistra Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Vistra'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:VST vs NRG, TLN, CEG: Net-Net Working Capital Comparison
For the Utilities - Independent Power Producers subindustry, Vistra'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.
Vistra Price-to-Net-Net-Working-Capital vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Vistra's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Vistra'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-1,896.19 mean?
Vistra (MEX:VST) has a Net-Net Working Capital of MXN-1,896.19 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 Vistra According to the industry distribution chart, Vistra ranks #999999 out of 64 companies in the Utilities - Independent Power Producers industry.
Is Vistra's Net-Net Working Capital too high?
Vistra's current Net-Net Working Capital is MXN-1,896.19. Based on the distribution chart, Vistra ranks #999999 out of 64 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Vistra has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vistra's Net-Net Working Capital compare to NRG and TLN?
According to the Utilities - Independent Power Producers industry distribution chart, Vistra ranks #999999 out of 64 companies for Net-Net Working Capital. This places Vistra in the lower half of its industry. The industry median Net-Net Working Capital is 7.23. 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 Utilities - Independent Power Producers company?
The median Net-Net Working Capital among Utilities - Independent Power Producers companies is 7.23, based on 64 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 Vistra For the Utilities - Independent Power Producers industry, the median Net-Net Working Capital is 7.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vistra's current Net-Net Working Capital is MXN-1,896.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vistra stock overvalued right now?
Based on GuruFocus' analysis, Vistra (MEX:VST) is currently considered Fairly Valued. The stock's GF Value™ is MXN2,941.79, compared to a current price of MXN2,765.00 — trading 6% below its estimated fair value. The current Net-Net Working Capital is MXN-1,896.19. Vistra's overall GF Score™ is 80/100 with 6 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 Vistra (MEX:VST), the current Net-Net Working Capital is MXN-1,896.19 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 Vistra (MEX:VST) Overvalued in 2026?
Based on GuruFocus' analysis, Vistra stock appears to be undervalued.
The current stock price of MXN2,765.00 is trading 6% below its estimated GF Value™ of MXN2,941.79.
GuruFocus considers Vistra to be Fairly Valued.
Key valuation signals for MEX:VST:
Net-Net Working Capital: MXN-1,896.19
GF Value™: MXN2,941.79 vs. price of MXN2,765.00 (6% below fair value)
No single metric tells the full story. See the MEX:VST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vistra Corp. is one of the largest power producers and retail energy providers in the US. It owns 44 gigawatts of generation capacity, including natural gas (27 GW), nuclear (6.5 GW), coal (8.7 GW), and solar and battery storage (1.3 GW). The Cogentrix acquisition will add 5.5 GW of gas generation. Vistra's retail electricity business serves 5 million customers in 20 states, including almost a third of all Texas electricity consumers. Vistra emerged from the Energy Future Holdings bankruptcy as a stand-alone entity in 2016.
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