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Marr SpAMIL:MARR -0.31%67 Net-Net Working Capital is €-6.19 as of Mar. 2026. GuruFocus rates MIL:MARR with a GF Score™ of 67/100 and a GF Value™ of €11.40 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 80 Retail - Defensive companies, Marr SpA ranks worse than 1249998.75% 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.
Marr SpA's Net-Net Working Capital for the quarter that ended in Mar. 2026 was €-6.19.
The industry rank for Marr SpA's Net-Net Working Capital or its related term are showing as below:
MIL:MARR's Price-to-Net-Net-Working-Capital is not ranked *
in the Retail - Defensive industry.
Industry Median: 5.215 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Marr SpA (MIL:MARR) 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.
Marr SpA Net-Net Working Capital Related Terms
Marr SpA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Marr 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:MARR vs SYY, USFD, PFGC: Net-Net Working Capital Comparison
For the Food Distribution subindustry, Marr 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.
Marr SpA Price-to-Net-Net-Working-Capital vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Marr SpA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Marr 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 €-6.19 mean?
Marr SpA (MIL:MARR) has a Net-Net Working Capital of €-6.19 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 Marr SpA According to the industry distribution chart, Marr SpA ranks #999999 out of 80 companies in the Retail - Defensive industry.
Is Marr SpA's Net-Net Working Capital too high?
Marr SpA's current Net-Net Working Capital is €-6.19. Based on the distribution chart, Marr SpA ranks #999999 out of 80 companies in the Retail - Defensive industry, which is in the bottom quartile relative to peers. Overall, Marr SpA has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Marr SpA's Net-Net Working Capital compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Marr SpA ranks #999999 out of 80 companies for Net-Net Working Capital. This places Marr SpA in the lower half of its industry. The industry median Net-Net Working Capital is 5.22. 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 Retail - Defensive company?
The median Net-Net Working Capital among Retail - Defensive companies is 5.22, based on 80 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 Marr SpA For the Retail - Defensive industry, the median Net-Net Working Capital is 5.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marr SpA's current Net-Net Working Capital is €-6.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marr SpA stock overvalued right now?
Based on GuruFocus' analysis, Marr SpA (MIL:MARR) is currently considered Significantly Undervalued. The stock's GF Value™ is €11.40, compared to a current price of €6.42 — trading 43.7% below its estimated fair value. The current Net-Net Working Capital is €-6.19. Marr SpA's overall GF Score™ is 67/100 with 6 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 Marr SpA (MIL:MARR), the current Net-Net Working Capital is €-6.19 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.
Is Marr SpA (MIL:MARR) Overvalued in 2026?
Based on GuruFocus' analysis, Marr SpA stock appears to be undervalued.
The current stock price of €6.42 is trading 43.7% below its estimated GF Value™ of €11.40.
GuruFocus considers Marr SpA to be Significantly Undervalued.
Key valuation signals for MIL:MARR:
Net-Net Working Capital: €-6.19
GF Value™: €11.40 vs. price of €6.42 (43.7% below fair value)
No single metric tells the full story. See the MIL:MARR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marr SpA is an Italian distributor of frozen and fresh products to the non-domestic catering sector. The company's products consist of seafood, meat, grocery, fruits and vegetables, and kitchen equipment, as well as private label products. Marr operates through a network of sales agents, `distribution centers, stocking platforms, and logistics. The group categorizes the customers as the street market, which includes restaurants and hotels not belonging to groups or chains; the national account, which contains operators of chains and groups and canteens, and the wholesale category. Marr generates more than half of its revenue from street market customers. Geographically, it operates in Italy, European Union, and Extra-EU Countries, of which the company derives maximum revenue from Italy.
67GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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