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Money ForwardMNYFF -9.04%57 Net-Net Working Capital is $-3.69 as of May. 2026. GuruFocus rates MNYFF with a GF Score™ of 57/100 and a GF Value™ of $48.37 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 1,257 Software companies, Money Forward ranks worse than 79554.42% 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.
Money Forward's Net-Net Working Capital for the quarter that ended in May. 2026 was $-3.69.
The industry rank for Money Forward's Net-Net Working Capital or its related term are showing as below:
MNYFF's Price-to-Net-Net-Working-Capital is not ranked *
in the Software industry.
Industry Median: 7.16 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Money Forward (OTCPK:MNYFF) 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.
Money Forward Net-Net Working Capital Related Terms
Money Forward Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Money Forward'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.
MNYFF vs QH, SHOP, UBER: Net-Net Working Capital Comparison
For the Software - Application subindustry, Money Forward'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.
Money Forward Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Money Forward's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Money Forward'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 $-3.69 mean?
Money Forward (MNYFF) has a Net-Net Working Capital of $-3.69 as of May. 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 Money Forward According to the industry distribution chart, Money Forward ranks #999999 out of 1257 companies in the Software industry.
Is Money Forward's Net-Net Working Capital too high?
Money Forward's current Net-Net Working Capital is $-3.69. Based on the distribution chart, Money Forward ranks #999999 out of 1257 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Money Forward has a GF Score™ of 57/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Money Forward's Net-Net Working Capital compare to QH and SHOP?
According to the Software industry distribution chart, Money Forward ranks #999999 out of 1257 companies for Net-Net Working Capital. This places Money Forward in the lower half of its industry. The industry median Net-Net Working Capital is 7.16. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.16, based on 1,257 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 Money Forward For the Software industry, the median Net-Net Working Capital is 7.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Money Forward's current Net-Net Working Capital is $-3.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Money Forward stock overvalued right now?
Based on GuruFocus' analysis, Money Forward (MNYFF) is currently considered Significantly Undervalued. The stock's GF Value™ is $48.37, compared to a current price of $26.76 — trading 44.7% below its estimated fair value. The current Net-Net Working Capital is $-3.69. Money Forward'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 Money Forward (MNYFF), the current Net-Net Working Capital is $-3.69 as of May. 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 Money Forward (MNYFF) Overvalued in 2026?
Based on GuruFocus' analysis, Money Forward stock appears to be undervalued.
The current stock price of $26.76 is trading 44.7% below its estimated GF Value™ of $48.37.
GuruFocus considers Money Forward to be Significantly Undervalued.
Key valuation signals for MNYFF:
Net-Net Working Capital: $-3.69
GF Value™: $48.37 vs. price of $26.76 (44.7% below fair value)
No single metric tells the full story. See the MNYFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.
57GF Score
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