MF (MindForge) Net-Net Working Capital: $7.04 (As of Dec. 2025)

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MF MindForge Inc MF
19 GF Score
Price $5.14
! 6 Warning Signs
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What is MindForge Net-Net Working Capital?

MindForge MF +22.38% 19 Net-Net Working Capital is $7.04 as of Dec. 2025. GuruFocus rates MF with a GF Score™ of 19/100. The stock has 6 warning signs investors should review. Among 383 Media - Diversified companies, MindForge ranks better than 97.13% 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.

MindForge's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $7.04.

The industry rank for MindForge's Net-Net Working Capital or its related term are showing as below:

MF's Price-to-Net-Net-Working-Capital is ranked better than
97.13% of 383 companies
in the Media - Diversified industry
Industry Median: 4.42 vs MF: 0.73

MindForge  (NAS:MF) 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.


MindForge Net-Net Working Capital Related Terms


MindForge Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for MindForge'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.

MindForge Net-Net Working Capital Chart

MindForge Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Net-Net Working Capital
Get a 7-Day Free Trial -11.54 -297.98 -33.68 32.51 11.30

MindForge Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.15 32.51 127.58 11.30 7.04

MF vs XONI, DLPN, STFS: Net-Net Working Capital Comparison

For the Advertising Agencies subindustry, MindForge'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.


MindForge Price-to-Net-Net-Working-Capital vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, MindForge's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where MindForge's Price-to-Net-Net-Working-Capital falls into.


MF
19GF Score
MindForge Inc MF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
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MindForge Net-Net Working Capital Calculation

MindForge's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2025 is calculated as

Net-Net Working Capital(A: Jun. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(11.183+0.75 * 0.227+0.5 * 0-1.961
-0-0)/0.831
=11.30

MindForge's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(9.873+0.75 * 0.028+0.5 * 0-1.37
-0-0)/1.211
=7.04

* 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 $7.04 mean?
MindForge (MF) has a Net-Net Working Capital of $7.04 as of Dec. 2025. 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 MindForge According to the industry distribution chart, MindForge ranks #11 out of 383 companies in the Media - Diversified industry, placing it in the top 2.9%.
Is MindForge's Net-Net Working Capital too high?
MindForge's current Net-Net Working Capital is $7.04. The Media - Diversified industry median Net-Net Working Capital is 4.42. MindForge's value of $7.04 is 59.3% above this industry median. Based on the distribution chart, MindForge ranks #11 out of 383 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, MindForge has a GF Score™ of 19/100, reflecting its overall financial health beyond just this single metric.
How does MindForge's Net-Net Working Capital compare to XONI and DLPN?
According to the Media - Diversified industry distribution chart, MindForge ranks #11 out of 383 companies for Net-Net Working Capital. This places MindForge in the top 3% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 4.42. MindForge's value of $7.04 is 59.3% above this benchmark. 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 Media - Diversified company?
The median Net-Net Working Capital among Media - Diversified companies is 4.42, based on 383 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. MindForge's current Net-Net Working Capital of $7.04 is 59.3% above the industry median. 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 MindForge For the Media - Diversified industry, the median Net-Net Working Capital is 4.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MindForge's current Net-Net Working Capital is $7.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MindForge stock overvalued right now?
MindForge (MF) has a current Net-Net Working Capital of $7.04. The current Net-Net Working Capital is $7.04 and 59.3% above the Media - Diversified industry median of 4.42. MindForge's overall GF Score™ is 19/100 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 MindForge (MF), the current Net-Net Working Capital is $7.04 as of Dec. 2025. 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.

MindForge Business Description

Address No. 1 Linkong Er Road, Zhongguan Science and Technology Park, Shunyi District, Beijing, CHN
U-BX Technology Ltd focuses on providing value-added services using artificial intelligence-driven technology to businesses in the insurance industry, including insurance carriers and brokers. Its main offerings include three services/products: digital promotion services, risk assessment services, and value-added bundled benefits. The PRC operating entities help their institutional clients gain visibility on various social media platforms and generate revenue based on consumers' clicks, views, or clients' promotion time on these channels. U-BX Beijing developed a unique algorithm named the Magic Mirror. The majority of revenue comes from digital promotion services. Geographically, all of the company's revenue is derived from Mainland China.
19GF 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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