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BasicNet SpAMIL:BAN -0.80%72 Net-Net Working Capital is €-6.94 as of Jun. 2026. GuruFocus rates MIL:BAN with a GF Score™ of 72/100 and a GF Value™ of €7.85 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 325 Retail - Cyclical companies, BasicNet SpA ranks worse than 307692% 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.
BasicNet SpA's Net-Net Working Capital for the quarter that ended in Jun. 2026 was €-6.94.
The industry rank for BasicNet SpA's Net-Net Working Capital or its related term are showing as below:
MIL:BAN's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Cyclical industry.
Industry Median: 6.38 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
BasicNet SpA (MIL:BAN) 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.
BasicNet SpA Net-Net Working Capital Related Terms
BasicNet SpA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for BasicNet SpA'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:BAN vs TJX, ROST, BURL: Net-Net Working Capital Comparison
For the Apparel Retail subindustry, BasicNet SpA'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.
BasicNet SpA Price-to-Net-Net-Working-Capital vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, BasicNet SpA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where BasicNet SpA'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 €-6.94 mean?
BasicNet SpA (MIL:BAN) has a Net-Net Working Capital of €-6.94 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 BasicNet SpA According to the industry distribution chart, BasicNet SpA ranks #999999 out of 325 companies in the Retail - Cyclical industry.
Is BasicNet SpA's Net-Net Working Capital too high?
BasicNet SpA's current Net-Net Working Capital is €-6.94. Based on the distribution chart, BasicNet SpA ranks #999999 out of 325 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, BasicNet SpA has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BasicNet SpA's Net-Net Working Capital compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, BasicNet SpA ranks #999999 out of 325 companies for Net-Net Working Capital. This places BasicNet SpA in the lower half of its industry. The industry median Net-Net Working Capital is 6.38. 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 Retail - Cyclical company?
The median Net-Net Working Capital among Retail - Cyclical companies is 6.38, based on 325 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 BasicNet SpA For the Retail - Cyclical industry, the median Net-Net Working Capital is 6.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BasicNet SpA's current Net-Net Working Capital is €-6.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BasicNet SpA stock overvalued right now?
Based on GuruFocus' analysis, BasicNet SpA (MIL:BAN) is currently considered Modestly Undervalued. The stock's GF Value™ is €7.85, compared to a current price of €6.19 — trading 21.1% below its estimated fair value. The current Net-Net Working Capital is €-6.94. BasicNet SpA's overall GF Score™ is 72/100 with 3 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 BasicNet SpA (MIL:BAN), the current Net-Net Working Capital is €-6.94 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 BasicNet SpA (MIL:BAN) Overvalued in 2026?
Based on GuruFocus' analysis, BasicNet SpA stock appears to be undervalued.
The current stock price of €6.19 is trading 21.1% below its estimated GF Value™ of €7.85.
GuruFocus considers BasicNet SpA to be Modestly Undervalued.
Key valuation signals for MIL:BAN:
Net-Net Working Capital: €-6.94
GF Value™: €7.85 vs. price of €6.19 (21.1% below fair value)
No single metric tells the full story. See the MIL:BAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BasicNet SpA Group activities involve driving brand enhancement and product distribution directly or through a world'wide network of licensees. This business network is defined as the Network And from which the name BasicNet derives. The Network of licensees encompasses all key markets world'wide. The company has Two operating segments apparel, footwear and accessories, and Real Estate. The company has presence in Italy, EU countries other than Italy, and Rest of the world. The majority of revenue comes from Italy.
72GF Score
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