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Spin MasterSNMSF 74 Net-Net Working Capital is $-6.01 as of Mar. 2026. GuruFocus rates SNMSF with a GF Score™ of 74/100 and a GF Value™ of $24.12 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 214 Travel & Leisure companies, Spin Master ranks worse than 467289.25% 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.
Spin Master's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-6.01.
The industry rank for Spin Master's Net-Net Working Capital or its related term are showing as below:
SNMSF's Price-to-Net-Net-Working-Capital is not ranked *
in the Travel & Leisure industry.
Industry Median: 6.99 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Spin Master (OTCPK:SNMSF) 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.
Spin Master Net-Net Working Capital Related Terms
Spin Master Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Spin Master'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.
SNMSF vs AS, HAS, LTH: Net-Net Working Capital Comparison
For the Leisure subindustry, Spin Master'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.
Spin Master Price-to-Net-Net-Working-Capital vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Spin Master's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Spin Master'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 $-6.01 mean?
Spin Master (SNMSF) has a Net-Net Working Capital of $-6.01 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 Spin Master According to the industry distribution chart, Spin Master ranks #999999 out of 214 companies in the Travel & Leisure industry.
Is Spin Master's Net-Net Working Capital too high?
Spin Master's current Net-Net Working Capital is $-6.01. Based on the distribution chart, Spin Master ranks #999999 out of 214 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, Spin Master has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spin Master's Net-Net Working Capital compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Spin Master ranks #999999 out of 214 companies for Net-Net Working Capital. This places Spin Master in the lower half of its industry. The industry median Net-Net Working Capital is 6.99. 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 Travel & Leisure company?
The median Net-Net Working Capital among Travel & Leisure companies is 6.99, based on 214 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 Spin Master For the Travel & Leisure industry, the median Net-Net Working Capital is 6.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spin Master's current Net-Net Working Capital is $-6.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spin Master stock overvalued right now?
Based on GuruFocus' analysis, Spin Master (SNMSF) is currently considered Significantly Undervalued. The stock's GF Value™ is $24.12, compared to a current price of $16.06 — trading 33.4% below its estimated fair value. The current Net-Net Working Capital is $-6.01. Spin Master's overall GF Score™ is 74/100 with 6 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 Spin Master (SNMSF), the current Net-Net Working Capital is $-6.01 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 Spin Master (SNMSF) Overvalued in 2026?
Based on GuruFocus' analysis, Spin Master stock appears to be undervalued.
The current stock price of $16.06 is trading 33.4% below its estimated GF Value™ of $24.12.
GuruFocus considers Spin Master to be Significantly Undervalued.
Key valuation signals for SNMSF:
Net-Net Working Capital: $-6.01
GF Value™: $24.12 vs. price of $16.06 (33.4% below fair value)
No single metric tells the full story. See the SNMSF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spin Master is a children's entertainment company operating in the nearly $120 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, wheels & action, infant, toddler, preschool & plush, and activities, games & puzzles, dolls, and interactive). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Hatchimals, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik's, Gund, and Melissa & Doug. The company has global reach, with 29 offices in nearly 20 countries and sales in over 100 markets.
74GF Score
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