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PACCARMIL:1PCAR 57 Net-Net Working Capital is €4.34 as of Jun. 2026. GuruFocus rates MIL:1PCAR with a GF Score™ of 57/100 and a GF Value™ of €72.19 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 74 Farm & Heavy Construction Machinery companies, PACCAR ranks worse than 81.08% 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.
PACCAR's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €4.34.
The industry rank for PACCAR's Net-Net Working Capital or its related term are showing as below:
MIL:1PCAR's Price-to-Net-Net-Working-Capital is ranked worse than 81.08% of 74
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 7.215
vs MIL:1PCAR: 26.52
PACCAR (MIL:1PCAR) 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.
PACCAR Net-Net Working Capital Related Terms
PACCAR Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for PACCAR'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.
MIL:1PCAR vs CNH, OSK, AGCO: Net-Net Working Capital Comparison
For the Farm & Heavy Construction Machinery subindustry, PACCAR'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.
PACCAR Price-to-Net-Net-Working-Capital vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, PACCAR's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where PACCAR'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 €4.34 mean?
PACCAR (MIL:1PCAR) has a Net-Net Working Capital of €4.34 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 PACCAR According to the industry distribution chart, PACCAR ranks #60 out of 74 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 81.1%.
Is PACCAR's Net-Net Working Capital too high?
PACCAR's current Net-Net Working Capital is €4.34. Based on the distribution chart, PACCAR ranks #60 out of 74 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, PACCAR has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PACCAR's Net-Net Working Capital compare to CNH and OSK?
According to the Farm & Heavy Construction Machinery industry distribution chart, PACCAR ranks #60 out of 74 companies for Net-Net Working Capital. This places PACCAR in the lower half of its industry. The industry median Net-Net Working Capital is 7.22. 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 Farm & Heavy Construction Machinery company?
The median Net-Net Working Capital among Farm & Heavy Construction Machinery companies is 7.22, based on 74 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 PACCAR For the Farm & Heavy Construction Machinery industry, the median Net-Net Working Capital is 7.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PACCAR's current Net-Net Working Capital is €4.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PACCAR stock overvalued right now?
Based on GuruFocus' analysis, PACCAR (MIL:1PCAR) is currently considered Significantly Overvalued. The stock's GF Value™ is €72.19, compared to a current price of €118.80 — trading 64.6% above its estimated fair value. The current Net-Net Working Capital is €4.34. PACCAR's overall GF Score™ is 57/100 with 7 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 PACCAR (MIL:1PCAR), the current Net-Net Working Capital is €4.34 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 PACCAR (MIL:1PCAR) Overvalued in 2026?
Based on GuruFocus' analysis, PACCAR stock appears to be overvalued.
The current stock price of €118.80 is trading 64.6% above its estimated GF Value™ of €72.19.
GuruFocus considers PACCAR to be Significantly Overvalued.
Key valuation signals for MIL:1PCAR:
Net-Net Working Capital: €4.34
GF Value™: €72.19 vs. price of €118.80 (64.6% above fair value)
No single metric tells the full story. See the MIL:1PCAR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium nameplates Kenworth and Peterbilt, which are primarily sold in the Americas and Australia, and DAF, which primarily services Europe and South America. The trucks segment (74% sales) goes to market through a network of 2,200 independent dealers. Paccar maintains an internal finance subsidiary that provides retail and wholesale financing for customers and dealers (6% sales). In recent years, Paccar has aggressively expanded its parts business (20% of sales), including engines, axles, and transmissions for its own truck brands as well as independent producers. The company commands 30% of the Class 8 market share in North America and 15% of the heavy-duty market share in Europe.
57GF Score
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