Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Notorious Pictures SpAMIL:NPI 57 Net-Net Working Capital is €-3.95 as of Jun. 2025. GuruFocus rates MIL:NPI with a GF Score™ of 57/100 and a GF Value™ of €2.52 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 382 Media - Diversified companies, Notorious Pictures SpA ranks worse than 261779.84% 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.
Notorious Pictures SpA's Net-Net Working Capital for the quarter that ended in Jun. 2025 was €-3.95.
The industry rank for Notorious Pictures SpA's Net-Net Working Capital or its related term are showing as below:
MIL:NPI's Price-to-Net-Net-Working-Capital is not ranked *
in the Media - Diversified industry.
Industry Median: 4.49 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Notorious Pictures SpA (MIL:NPI) 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.
Notorious Pictures SpA Net-Net Working Capital Related Terms
Notorious Pictures SpA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Notorious Pictures 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.
Notorious Pictures SpA Net-Net Working Capital Chart
MIL:NPI vs NFLX, DIS, WBD: Net-Net Working Capital Comparison
For the Entertainment subindustry, Notorious Pictures 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.
Notorious Pictures SpA Price-to-Net-Net-Working-Capital vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Notorious Pictures SpA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Notorious Pictures 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 €-3.95 mean?
Notorious Pictures SpA (MIL:NPI) has a Net-Net Working Capital of €-3.95 as of Jun. 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 Notorious Pictures SpA According to the industry distribution chart, Notorious Pictures SpA ranks #999999 out of 382 companies in the Media - Diversified industry.
Is Notorious Pictures SpA's Net-Net Working Capital too high?
Notorious Pictures SpA's current Net-Net Working Capital is €-3.95. Based on the distribution chart, Notorious Pictures SpA ranks #999999 out of 382 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Notorious Pictures SpA has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Notorious Pictures SpA's Net-Net Working Capital compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Notorious Pictures SpA ranks #999999 out of 382 companies for Net-Net Working Capital. This places Notorious Pictures SpA in the lower half of its industry. The industry median Net-Net Working Capital is 4.49. 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 Media - Diversified company?
The median Net-Net Working Capital among Media - Diversified companies is 4.49, based on 382 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 Notorious Pictures SpA For the Media - Diversified industry, the median Net-Net Working Capital is 4.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Notorious Pictures SpA's current Net-Net Working Capital is €-3.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Notorious Pictures SpA stock overvalued right now?
Based on GuruFocus' analysis, Notorious Pictures SpA (MIL:NPI) is currently considered Possible Value Trap. The stock's GF Value™ is €2.52, compared to a current price of €0.65 — trading 74.2% below its estimated fair value. The current Net-Net Working Capital is €-3.95. Notorious Pictures SpA's overall GF Score™ is 57/100 with 4 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 Notorious Pictures SpA (MIL:NPI), the current Net-Net Working Capital is €-3.95 as of Jun. 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 Notorious Pictures SpA (MIL:NPI) Overvalued in 2026?
Based on GuruFocus' analysis, Notorious Pictures SpA stock appears to be undervalued.
The current stock price of €0.65 is trading 74.2% below its estimated GF Value™ of €2.52.
GuruFocus considers Notorious Pictures SpA to be Possible Value Trap.
Key valuation signals for MIL:NPI:
Net-Net Working Capital: €-3.95
GF Value™: €2.52 vs. price of €0.65 (74.2% below fair value)
No single metric tells the full story. See the MIL:NPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Notorious Pictures SpA is a film distribution company. It acquires and markets cinematic work film rights through cinema, home video, television, and new media.
57GF Score
Get the complete analysis for MIL:NPI
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:NPI has been successfully added to your 
