Masoval ASOSL:MAS +1.86%89 Net-Net Working Capital is kr-20.94 as of Mar. 2026. GuruFocus rates OSL:MAS with a GF Score™ of 89/100 and a GF Value™ of kr30.54 (Fairly Valued). The stock has 7 warning signs investors should review. Among 658 Consumer Packaged Goods companies, Masoval AS ranks worse than 151975.53% 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.
Masoval AS's Net-Net Working Capital for the quarter that ended in Mar. 2026 was kr-20.94.
The industry rank for Masoval AS's Net-Net Working Capital or its related term are showing as below:
OSL:MAS's Price-to-Net-Net-Working-Capital is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 6.555 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Masoval AS (OSL:MAS) 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.
Masoval AS Net-Net Working Capital Related Terms
Masoval AS Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Masoval AS'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.
OSL:MAS vs ADM, BG, TSN: Net-Net Working Capital Comparison
For the Farm Products subindustry, Masoval AS'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.
Masoval AS Price-to-Net-Net-Working-Capital vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Masoval AS's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Masoval AS'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 kr-20.94 mean?
Masoval AS (OSL:MAS) has a Net-Net Working Capital of kr-20.94 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 Masoval AS According to the industry distribution chart, Masoval AS ranks #999999 out of 658 companies in the Consumer Packaged Goods industry.
Is Masoval AS's Net-Net Working Capital too high?
Masoval AS's current Net-Net Working Capital is kr-20.94. Based on the distribution chart, Masoval AS ranks #999999 out of 658 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, Masoval AS has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Masoval AS's Net-Net Working Capital compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Masoval AS ranks #999999 out of 658 companies for Net-Net Working Capital. This places Masoval AS in the lower half of its industry. The industry median Net-Net Working Capital is 6.56. 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 Consumer Packaged Goods company?
The median Net-Net Working Capital among Consumer Packaged Goods companies is 6.56, based on 658 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 Masoval AS For the Consumer Packaged Goods industry, the median Net-Net Working Capital is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Masoval AS's current Net-Net Working Capital is kr-20.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Masoval AS stock overvalued right now?
Based on GuruFocus' analysis, Masoval AS (OSL:MAS) is currently considered Fairly Valued. The stock's GF Value™ is kr30.54, compared to a current price of kr32.90 — trading 7.7% above its estimated fair value. The current Net-Net Working Capital is kr-20.94. Masoval AS's overall GF Score™ is 89/100 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 Masoval AS (OSL:MAS), the current Net-Net Working Capital is kr-20.94 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 Masoval AS (OSL:MAS) Overvalued in 2026?
Based on GuruFocus' analysis, Masoval AS stock appears to be overvalued.
The current stock price of kr32.90 is trading 7.7% above its estimated GF Value™ of kr30.54.
GuruFocus considers Masoval AS to be Fairly Valued.
Key valuation signals for OSL:MAS:
Net-Net Working Capital: kr-20.94
GF Value™: kr30.54 vs. price of kr32.90 (7.7% above fair value)
No single metric tells the full story. See the OSL:MAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Masoval AS owns, operates, and develops companies in the aquaculture industry, which contribute to positive ripple effects and value creation throughout the region. The group is organized into business units based on its activities and has two operating segments: Farming and Sales & processing. The Farming segment includes the purchase of salmon roe, farming on land and sea, related service activities, and the sale of salmon to exporters. The Sales and Processing segment includes harvesting activities and the sale of salmon and other species of fish in Norway and for export. The firm generates the majority of its revenue from the Sales & processing segment. The firm generates revenue from Norway, Europe (excluding Norway), Asia, and Other countries.
89GF Score
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