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Maynilad Water ServicesPHS:MYNLD -1.22%31 Net-Net Working Capital is ₱-16.22 as of Mar. 2026. GuruFocus rates PHS:MYNLD with a GF Score™ of 31/100. The stock has 4 warning signs investors should review. Among 63 Utilities - Regulated companies, Maynilad Water Services ranks worse than 1587300% 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.
Maynilad Water Services's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ₱-16.22.
The industry rank for Maynilad Water Services's Net-Net Working Capital or its related term are showing as below:
PHS:MYNLD's Price-to-Net-Net-Working-Capital is not ranked *
in the Utilities - Regulated industry.
Industry Median: 5.12 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Maynilad Water Services (PHS:MYNLD) 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.
Maynilad Water Services Net-Net Working Capital Related Terms
Maynilad Water Services Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Maynilad Water Services'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.
Maynilad Water Services Net-Net Working Capital Chart
PHS:MYNLD vs AWK, WTRG, AWR: Net-Net Working Capital Comparison
For the Utilities - Regulated Water subindustry, Maynilad Water Services'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.
Maynilad Water Services Price-to-Net-Net-Working-Capital vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Maynilad Water Services's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Maynilad Water Services'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 ₱-16.22 mean?
Maynilad Water Services (PHS:MYNLD) has a Net-Net Working Capital of ₱-16.22 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 Maynilad Water Services According to the industry distribution chart, Maynilad Water Services ranks #999999 out of 63 companies in the Utilities - Regulated industry.
Is Maynilad Water Services' Net-Net Working Capital too high?
Maynilad Water Services' current Net-Net Working Capital is ₱-16.22. Based on the distribution chart, Maynilad Water Services ranks #999999 out of 63 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, Maynilad Water Services has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Maynilad Water Services' Net-Net Working Capital compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Maynilad Water Services ranks #999999 out of 63 companies for Net-Net Working Capital. This places Maynilad Water Services in the lower half of its industry. The industry median Net-Net Working Capital is 5.12. 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 an Utilities - Regulated company?
The median Net-Net Working Capital among Utilities - Regulated companies is 5.12, based on 63 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 Maynilad Water Services For the Utilities - Regulated industry, the median Net-Net Working Capital is 5.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maynilad Water Services's current Net-Net Working Capital is ₱-16.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maynilad Water Services stock overvalued right now?
Maynilad Water Services (PHS:MYNLD) has a current Net-Net Working Capital of ₱-16.22. The current Net-Net Working Capital is ₱-16.22. Maynilad Water Services' overall GF Score™ is 31/100 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 Maynilad Water Services (PHS:MYNLD), the current Net-Net Working Capital is ₱-16.22 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.
Maynilad Water Services Inc is the water and wastewater services provider for the West Zone of the Greater Metro Manila area in the Philippines. It operates under a government concession to manage, operate, and invest in water distribution and sewerage systems, delivering safe, potable water and sanitation services to its customers. The company also offers sewerage connections where available and septic tank cleaning services in other areas, aiming to provide reliable and sustainable water and sanitation solutions.
31GF Score
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