Ecomembrane SpAMIL:ECMB 54 Net-Net Working Capital is €-0.22 as of Dec. 2025. GuruFocus rates MIL:ECMB with a GF Score™ of 54/100 and a GF Value™ of €10.73 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 129 Packaging & Containers companies, Ecomembrane SpA ranks worse than 775193.02% 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.
Ecomembrane SpA's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €-0.22.
The industry rank for Ecomembrane SpA's Net-Net Working Capital or its related term are showing as below:
MIL:ECMB's Price-to-Net-Net-Working-Capital is not ranked *
in the Packaging & Containers industry.
Industry Median: 5.17 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Ecomembrane SpA (MIL:ECMB) 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.
Ecomembrane SpA Net-Net Working Capital Related Terms
Ecomembrane SpA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Ecomembrane 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:ECMB vs SW, PKG, IP: Net-Net Working Capital Comparison
For the Packaging & Containers subindustry, Ecomembrane 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.
Ecomembrane SpA Price-to-Net-Net-Working-Capital vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Ecomembrane SpA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ecomembrane 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 €-0.22 mean?
Ecomembrane SpA (MIL:ECMB) has a Net-Net Working Capital of €-0.22 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 Ecomembrane SpA According to the industry distribution chart, Ecomembrane SpA ranks #999999 out of 129 companies in the Packaging & Containers industry.
Is Ecomembrane SpA's Net-Net Working Capital too high?
Ecomembrane SpA's current Net-Net Working Capital is €-0.22. Based on the distribution chart, Ecomembrane SpA ranks #999999 out of 129 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Ecomembrane SpA has a GF Score™ of 54/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ecomembrane SpA's Net-Net Working Capital compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Ecomembrane SpA ranks #999999 out of 129 companies for Net-Net Working Capital. This places Ecomembrane SpA in the lower half of its industry. The industry median Net-Net Working Capital is 5.17. 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 Packaging & Containers company?
The median Net-Net Working Capital among Packaging & Containers companies is 5.17, based on 129 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 Ecomembrane SpA For the Packaging & Containers industry, the median Net-Net Working Capital is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ecomembrane SpA's current Net-Net Working Capital is €-0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ecomembrane SpA stock overvalued right now?
Based on GuruFocus' analysis, Ecomembrane SpA (MIL:ECMB) is currently considered Significantly Undervalued. The stock's GF Value™ is €10.73, compared to a current price of €5.50 — trading 48.7% below its estimated fair value. The current Net-Net Working Capital is €-0.22. Ecomembrane SpA's overall GF Score™ is 54/100 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 Ecomembrane SpA (MIL:ECMB), the current Net-Net Working Capital is €-0.22 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.
Is Ecomembrane SpA (MIL:ECMB) Overvalued in 2026?
Based on GuruFocus' analysis, Ecomembrane SpA stock appears to be undervalued.
The current stock price of €5.50 is trading 48.7% below its estimated GF Value™ of €10.73.
GuruFocus considers Ecomembrane SpA to be Significantly Undervalued.
Key valuation signals for MIL:ECMB:
Net-Net Working Capital: €-0.22
GF Value™: €10.73 vs. price of €5.50 (48.7% below fair value)
No single metric tells the full story. See the MIL:ECMB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ecomembrane SpA operates in the sector of design, sale, and installation of components for biogas and biomethane production plants and gas storage systems, such as biogas, methane, CO2, and hydrogen. Specifically, it carries out production activity which mainly takes the form of cutting, high-frequency welding, and packaging of membrane covers using, as the main material, PVC-coated polyester fabric. The company operates globally and has an extensive network in the world in terms of installations as well as production structure. Its products include 3Master, 2 Master, Cupola M2- heat shield, Cupola M3, Econtainer, M1 cone, and Claricover.
54GF Score
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