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Russel MetalsRUSMF +1.78%78 Net-Net Working Capital is $0.02 as of Mar. 2026. GuruFocus rates RUSMF with a GF Score™ of 78/100 and a GF Value™ of $35.93 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 56 Industrial Distribution companies, Russel Metals ranks worse than 100% 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.
Russel Metals's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.02.
The industry rank for Russel Metals's Net-Net Working Capital or its related term are showing as below:
RUSMF's Price-to-Net-Net-Working-Capital is ranked worse than 100% of 56
companies
in the Industrial Distribution industry
Industry Median: 7.16
vs RUSMF: 2353.62
Russel Metals (OTCPK:RUSMF) 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.
Russel Metals Net-Net Working Capital Related Terms
Russel Metals Net-Net Working Capital Historical Data
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The historical data trend for Russel Metals'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.
RUSMF vs GWW, FAST, FERG: Net-Net Working Capital Comparison
For the Industrial Distribution subindustry, Russel Metals'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.
Russel Metals Price-to-Net-Net-Working-Capital vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Russel Metals's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Russel Metals'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 $0.02 mean?
Russel Metals (RUSMF) has a Net-Net Working Capital of $0.02 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 Russel Metals According to the industry distribution chart, Russel Metals ranks #56 out of 56 companies in the Industrial Distribution industry.
Is Russel Metals' Net-Net Working Capital too high?
Russel Metals' current Net-Net Working Capital is $0.02. The Industrial Distribution industry median Net-Net Working Capital is 7.16. Russel Metals' value of $0.02 is 99.7% below this industry median. Based on the distribution chart, Russel Metals ranks #56 out of 56 companies in the Industrial Distribution industry, which is in the bottom quartile relative to peers. Overall, Russel Metals has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Russel Metals' Net-Net Working Capital compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Russel Metals ranks #56 out of 56 companies for Net-Net Working Capital. This places Russel Metals in the lower half of its industry. The industry median Net-Net Working Capital is 7.16. Russel Metals' value of $0.02 is 99.7% 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 an Industrial Distribution company?
The median Net-Net Working Capital among Industrial Distribution companies is 7.16, based on 56 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. Russel Metals's current Net-Net Working Capital of $0.02 is 99.7% 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 Russel Metals For the Industrial Distribution 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. Russel Metals's current Net-Net Working Capital is $0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Russel Metals stock overvalued right now?
Based on GuruFocus' analysis, Russel Metals (RUSMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $35.93, compared to a current price of $47.07 — trading 31% above its estimated fair value. The current Net-Net Working Capital is $0.02 and 99.7% below the Industrial Distribution industry median of 7.16. Russel Metals' overall GF Score™ is 78/100 with 8 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 Russel Metals (RUSMF), the current Net-Net Working Capital is $0.02 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 Russel Metals (RUSMF) Overvalued in 2026?
Based on GuruFocus' analysis, Russel Metals stock appears to be overvalued.
The current stock price of $47.07 is trading 31% above its estimated GF Value™ of $35.93.
GuruFocus considers Russel Metals to be Significantly Overvalued.
Key valuation signals for RUSMF:
Net-Net Working Capital: $0.02
GF Value™: $35.93 vs. price of $47.07 (31% above fair value)
Industry Position: 99.7% below the Industrial Distribution median (#56 of 56)
No single metric tells the full story. See the RUSMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Russel Metals Inc is a Canada-based metal distribution company. The company conducts business in Canada and the U.S. in three operating and reportable segments: Metals Service Centers, Energy Field Stores, and Steel Distributors. The majority of its revenue is generated from the Metals Service Centers segment, which carries an extensive line of metal products in a wide range of sizes, shapes, and specifications, including carbon hot rolled and cold finished steel, pipe and tubular products, stainless steel, aluminum, and other non-ferrous specialty metals. It purchases these products mainly from North American steel producers, processes, packages, and sells them to end users in accordance with their specific needs. Geographically, the company generates maximum revenue from Canada.
78GF Score
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