Ranpak HoldingsPACK +5.56%62 Net-Net Working Capital is $-5.67 as of Mar. 2026. GuruFocus rates PACK with a GF Score™ of 62/100 and a GF Value™ of $5.92 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 129 Packaging & Containers companies, Ranpak Holdings ranks worse than 775193.02% 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.
Ranpak Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-5.67.
The industry rank for Ranpak Holdings's Net-Net Working Capital or its related term are showing as below:
PACK's Price-to-Net-Net-Working-Capital is not ranked *
in the Packaging & Containers industry.
Industry Median: 5.17 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Ranpak Holdings (NYSE:PACK) 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.
Ranpak Holdings Net-Net Working Capital Related Terms
Ranpak Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Ranpak Holdings'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.
PACK vs KRT, ORBS, GFLT: Net-Net Working Capital Comparison
For the Packaging & Containers subindustry, Ranpak Holdings'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.
Ranpak Holdings Price-to-Net-Net-Working-Capital vs Packaging & Containers Industry
For the Packaging & Containers industry and Consumer Cyclical sector, Ranpak Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ranpak Holdings'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 $-5.67 mean?
Ranpak Holdings (PACK) has a Net-Net Working Capital of $-5.67 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 Ranpak Holdings According to the industry distribution chart, Ranpak Holdings ranks #999999 out of 129 companies in the Packaging & Containers industry.
Is Ranpak Holdings' Net-Net Working Capital too high?
Ranpak Holdings' current Net-Net Working Capital is $-5.67. Based on the distribution chart, Ranpak Holdings ranks #999999 out of 129 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Ranpak Holdings has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ranpak Holdings' Net-Net Working Capital compare to KRT and ORBS?
According to the Packaging & Containers industry distribution chart, Ranpak Holdings ranks #999999 out of 129 companies for Net-Net Working Capital. This places Ranpak Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 5.17. 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 Packaging & Containers company?
The median Net-Net Working Capital among Packaging & Containers companies is 5.17, based on 129 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 Ranpak Holdings For the Packaging & Containers industry, the median Net-Net Working Capital is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ranpak Holdings's current Net-Net Working Capital is $-5.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ranpak Holdings stock overvalued right now?
Based on GuruFocus' analysis, Ranpak Holdings (PACK) is currently considered Modestly Overvalued. The stock's GF Value™ is $5.92, compared to a current price of $6.84 — trading 15.5% above its estimated fair value. The current Net-Net Working Capital is $-5.67. Ranpak Holdings' overall GF Score™ is 62/100 with 2 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 Ranpak Holdings (PACK), the current Net-Net Working Capital is $-5.67 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 Ranpak Holdings (PACK) Overvalued in 2026?
Based on GuruFocus' analysis, Ranpak Holdings stock appears to be overvalued.
The current stock price of $6.84 is trading 15.5% above its estimated GF Value™ of $5.92.
GuruFocus considers Ranpak Holdings to be Modestly Overvalued.
Key valuation signals for PACK:
Net-Net Working Capital: $-5.67
GF Value™: $5.92 vs. price of $6.84 (15.5% above fair value)
No single metric tells the full story. See the PACK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ranpak Holdings Corp is a provider of environmentally sustainable, systems-based, product protection solutions for e-Commerce and industrial supply chains. The company offers a full suite of protective packaging systems and paper consumables. The group generates revenue by providing its PPS systems and paper consumables to customers, which include direct end-users and a network of exclusive paper packaging solution distributors, and by providing end-of-line automation systems that solve challenges, including optimization, customization, and efficiency. It has two segments, North America and Europe/Asia.
62GF Score
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