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mF InternationalMFI +7.30%21 Net-Net Working Capital is $9.89 as of Dec. 2025. GuruFocus rates MFI with a GF Score™ of 21/100. The stock has 2 warning signs investors should review. Among 1,248 Software companies, mF International ranks better than 97.36% 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.
mF International's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $9.89.
The industry rank for mF International's Net-Net Working Capital or its related term are showing as below:
MFI's Price-to-Net-Net-Working-Capital is ranked better than 97.36% of 1248
companies
in the Software industry
Industry Median: 7.005
vs MFI: 0.86
mF International (NAS:MFI) 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.
mF International Net-Net Working Capital Related Terms
mF International Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for mF International'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.
MFI vs BLND, RMNI, CRNC: Net-Net Working Capital Comparison
For the Software - Application subindustry, mF International'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.
mF International Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, mF International's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where mF International'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 $9.89 mean?
mF International (MFI) has a Net-Net Working Capital of $9.89 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 mF International According to the industry distribution chart, mF International ranks #33 out of 1248 companies in the Software industry, placing it in the top 2.6%.
Is mF International's Net-Net Working Capital too high?
mF International's current Net-Net Working Capital is $9.89. The Software industry median Net-Net Working Capital is 7.01. mF International's value of $9.89 is 41.2% above this industry median. Based on the distribution chart, mF International ranks #33 out of 1248 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, mF International has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does mF International's Net-Net Working Capital compare to BLND and RMNI?
According to the Software industry distribution chart, mF International ranks #33 out of 1248 companies for Net-Net Working Capital. This places mF International in the top 3% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.01. mF International's value of $9.89 is 41.2% 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 Software company?
The median Net-Net Working Capital among Software companies is 7.01, based on 1,248 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. mF International's current Net-Net Working Capital of $9.89 is 41.2% 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 mF International For the Software industry, the median Net-Net Working Capital is 7.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. mF International's current Net-Net Working Capital is $9.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is mF International stock overvalued right now?
mF International (MFI) has a current Net-Net Working Capital of $9.89. The current Net-Net Working Capital is $9.89 and 41.2% above the Software industry median of 7.01. mF International's overall GF Score™ is 21/100 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 mF International (MFI), the current Net-Net Working Capital is $9.89 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.
mF International Ltd is a holding company and all of its operations are carried out by Operating Subsidiaries in Hong Kong. It is a financial trading solution provider principally engaged in the development and provision of financial trading solutions. It has experience in providing real-time mission-critical forex, bullion/commodities trading platform solutions, financial value-added services, mobile applications, and financial information for brokers and institutional clients via the internet or a platform as software as a service. The company has provided a wide range of top-notch services, including mF4 Trading Platform, Bridge and Plugins, CRM System, ECN System, Liquidity Solutions, Cross-platform Broker Plus Solution, Social Trading Applications and others.
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