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Tecno SpA Societa BenefitMIL:TCG +1.92%14 Net-Net Working Capital is €0.34 as of Dec. 2025. GuruFocus rates MIL:TCG with a GF Score™ of 14/100. The stock has 5 warning signs investors should review. Among 447 Business Services companies, Tecno SpA Societa Benefit ranks worse than 74.5% 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.
Tecno SpA Societa Benefit's Net-Net Working Capital for the quarter that ended in Dec. 2025 was €0.34.
The industry rank for Tecno SpA Societa Benefit's Net-Net Working Capital or its related term are showing as below:
MIL:TCG's Price-to-Net-Net-Working-Capital is ranked worse than 74.5% of 447
companies
in the Business Services industry
Industry Median: 5.55
vs MIL:TCG: 12.47
Tecno SpA Societa Benefit (MIL:TCG) 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.
Tecno SpA Societa Benefit Net-Net Working Capital Related Terms
Tecno SpA Societa Benefit Net-Net Working Capital Historical Data
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The historical data trend for Tecno SpA Societa Benefit'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.
Tecno SpA Societa Benefit Net-Net Working Capital Chart
Tecno SpA Societa Benefit Annual Data
Trend
Dec23
Dec24
Dec25
Net-Net Working Capital
0.17
-0.28
0.34
Tecno SpA Societa Benefit Semi-Annual Data
Dec23
Dec24
Dec25
Net-Net Working Capital
0.17
-0.28
0.34
MIL:TCG vs VRSK, EFX, BAH: Net-Net Working Capital Comparison
For the Consulting Services subindustry, Tecno SpA Societa Benefit'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.
Tecno SpA Societa Benefit Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, Tecno SpA Societa Benefit's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tecno SpA Societa Benefit'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 €0.34 mean?
Tecno SpA Societa Benefit (MIL:TCG) has a Net-Net Working Capital of €0.34 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 Tecno SpA Societa Benefit According to the industry distribution chart, Tecno SpA Societa Benefit ranks #333 out of 447 companies in the Business Services industry, placing it in the top 74.5%.
Is Tecno SpA Societa Benefit's Net-Net Working Capital too high?
Tecno SpA Societa Benefit's current Net-Net Working Capital is €0.34. Based on the distribution chart, Tecno SpA Societa Benefit ranks #333 out of 447 companies in the Business Services industry, which is below the industry midpoint. Overall, Tecno SpA Societa Benefit has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Tecno SpA Societa Benefit's Net-Net Working Capital compare to VRSK and EFX?
According to the Business Services industry distribution chart, Tecno SpA Societa Benefit ranks #333 out of 447 companies for Net-Net Working Capital. This places Tecno SpA Societa Benefit in the lower half of its industry. The industry median Net-Net Working Capital is 5.55. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.55, based on 447 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 Tecno SpA Societa Benefit For the Business Services industry, the median Net-Net Working Capital is 5.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tecno SpA Societa Benefit's current Net-Net Working Capital is €0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tecno SpA Societa Benefit stock overvalued right now?
Tecno SpA Societa Benefit (MIL:TCG) has a current Net-Net Working Capital of €0.34. The current Net-Net Working Capital is €0.34. Tecno SpA Societa Benefit's overall GF Score™ is 14/100 with 5 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 Tecno SpA Societa Benefit (MIL:TCG), the current Net-Net Working Capital is €0.34 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.
Tecno SpA Societa Benefit specializes in the development of technological services and solutions aimed at improving the economic, environmental, and social sustainability of businesses. The company supports small and medium-sized enterprises (SMEs) in their digital and sustainability transformation through high-value-added tools and services. The core of the model is the integration of the services offered by three business units into a Twin Business Model: Transition Accounting (energy taxation and access to decarbonization-related incentives); Digital Transformation (proprietary digital platforms to optimize business processes);Sustainable Transformation (SustainTech technologies and strategic consulting based on measurable data).
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