Materialise NVMTLS -2.59%64 Net-Net Working Capital is $0.40 as of Mar. 2026. GuruFocus rates MTLS with a GF Score™ of 64/100. The stock has 7 warning signs investors should review. Among 1,254 Software companies, Materialise NV ranks worse than 77.19% 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.
Materialise NV's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.40.
The industry rank for Materialise NV's Net-Net Working Capital or its related term are showing as below:
MTLS's Price-to-Net-Net-Working-Capital is ranked worse than 77.19% of 1254
companies
in the Software industry
Industry Median: 6.755
vs MTLS: 17.82
Materialise NV (NAS:MTLS) 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.
Materialise NV Net-Net Working Capital Related Terms
Materialise NV Net-Net Working Capital Historical Data
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The historical data trend for Materialise NV'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.
MTLS vs UBER, SHOP, CRM: Net-Net Working Capital Comparison
For the Software - Application subindustry, Materialise NV'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.
Materialise NV Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Materialise NV's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Materialise NV'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 $0.40 mean?
Materialise NV (MTLS) has a Net-Net Working Capital of $0.40 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 Materialise NV According to the industry distribution chart, Materialise NV ranks #968 out of 1254 companies in the Software industry, placing it in the top 77.2%.
Is Materialise NV's Net-Net Working Capital too high?
Materialise NV's current Net-Net Working Capital is $0.40. The Software industry median Net-Net Working Capital is 6.76. Materialise NV's value of $0.40 is 94.1% below this industry median. Based on the distribution chart, Materialise NV ranks #968 out of 1254 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Materialise NV has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Materialise NV's Net-Net Working Capital compare to UBER and SHOP?
According to the Software industry distribution chart, Materialise NV ranks #968 out of 1254 companies for Net-Net Working Capital. This places Materialise NV in the lower half of its industry. The industry median Net-Net Working Capital is 6.76. Materialise NV's value of $0.40 is 94.1% below this benchmark. 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 6.76, based on 1,254 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. Materialise NV's current Net-Net Working Capital of $0.40 is 94.1% below the industry median. 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 Materialise NV For the Software industry, the median Net-Net Working Capital is 6.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Materialise NV's current Net-Net Working Capital is $0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Materialise NV stock overvalued right now?
Materialise NV (MTLS) has a current Net-Net Working Capital of $0.40. The current Net-Net Working Capital is $0.40 and 94.1% below the Software industry median of 6.76. Materialise NV's overall GF Score™ is 64/100 with 7 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 Materialise NV (MTLS), the current Net-Net Working Capital is $0.40 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.
Materialise NV is a provider of 3D-printed medical devices and software and a pioneer in additive manufacturing software and services. The company operates through three principal segments: Materialise Software, Materialise Medical, and Materialise Manufacturing, with the Materialise Medical segment generating maximum revenue. The Materialise Medical segment develops and delivers medical software solutions, medical devices, and related products and services; the Materialise Software segment develops and delivers additive manufacturing software solutions and related services; and the Materialise Manufacturing segment delivers 3D-printed products and related services. The company generates maximum revenue from the United States of America.
64GF Score
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