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Giocamondo Study SpAMIL:GMS +1.57%18 Net-Net Working Capital is €-0.37 as of Mar. 2026. GuruFocus rates MIL:GMS with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 91 Education companies, Giocamondo Study SpA ranks worse than 1098900% 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.
Giocamondo Study SpA's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €-0.37.
The industry rank for Giocamondo Study SpA's Net-Net Working Capital or its related term are showing as below:
MIL:GMS's Price-to-Net-Net-Working-Capital is not ranked *
in the Education industry.
Industry Median: 5.05 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Giocamondo Study SpA (MIL:GMS) 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.
Giocamondo Study SpA Net-Net Working Capital Related Terms
Giocamondo Study SpA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Giocamondo Study 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.
Giocamondo Study SpA Net-Net Working Capital Chart
Giocamondo Study SpA Annual Data
Trend
Sep23
Sep24
Sep25
Net-Net Working Capital
-0.02
-0.07
0.33
Giocamondo Study SpA Semi-Annual Data
Sep23
Sep24
Mar25
Sep25
Mar26
Net-Net Working Capital
-0.02
-0.07
0.00
0.33
-0.37
MIL:GMS vs EDU, TAL, LAUR: Net-Net Working Capital Comparison
For the Education & Training Services subindustry, Giocamondo Study 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.
Giocamondo Study SpA Price-to-Net-Net-Working-Capital vs Education Industry
For the Education industry and Consumer Defensive sector, Giocamondo Study SpA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Giocamondo Study 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 €-0.37 mean?
Giocamondo Study SpA (MIL:GMS) has a Net-Net Working Capital of €-0.37 as of Mar. 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 Giocamondo Study SpA According to the industry distribution chart, Giocamondo Study SpA ranks #999999 out of 91 companies in the Education industry.
Is Giocamondo Study SpA's Net-Net Working Capital too high?
Giocamondo Study SpA's current Net-Net Working Capital is €-0.37. Based on the distribution chart, Giocamondo Study SpA ranks #999999 out of 91 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, Giocamondo Study SpA has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Giocamondo Study SpA's Net-Net Working Capital compare to EDU and TAL?
According to the Education industry distribution chart, Giocamondo Study SpA ranks #999999 out of 91 companies for Net-Net Working Capital. This places Giocamondo Study SpA in the lower half of its industry. The industry median Net-Net Working Capital is 5.05. 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 an Education company?
The median Net-Net Working Capital among Education companies is 5.05, based on 91 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 Giocamondo Study SpA For the Education industry, the median Net-Net Working Capital is 5.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Giocamondo Study SpA's current Net-Net Working Capital is €-0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Giocamondo Study SpA stock overvalued right now?
Giocamondo Study SpA (MIL:GMS) has a current Net-Net Working Capital of €-0.37. The current Net-Net Working Capital is €-0.37. Giocamondo Study SpA's overall GF Score™ is 18/100 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 Giocamondo Study SpA (MIL:GMS), the current Net-Net Working Capital is €-0.37 as of Mar. 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.
Giocamondo Study SpA specializes in study holidays and language courses abroad. The group markets individual and group trips and stays abroad to study and learn foreign languages. It also provides language training services within an edutech model, through two specific e-commerce platforms, which are Go-to-Learn and Lesson Live.
18GF Score
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