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Solstice Advanced MaterialsSOLS +1.31%22 Net-Net Working Capital is $-17.29 as of Jun. 2026. GuruFocus rates SOLS with a GF Score™ of 22/100. The stock has 2 warning signs investors should review. Among 585 Chemicals companies, Solstice Advanced Materials ranks worse than 170940% 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.
The industry rank for Solstice Advanced Materials's Net-Net Working Capital or its related term are showing as below:
SOLS's Price-to-Net-Net-Working-Capital is not ranked *
in the Chemicals industry.
Industry Median: 7.86 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Solstice Advanced Materials (NAS:SOLS) 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.
Solstice Advanced Materials Net-Net Working Capital Related Terms
Solstice Advanced Materials Net-Net Working Capital Historical Data
* 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.
Solstice Advanced Materials Net-Net Working Capital Chart
SOLS vs WLK, ESI, EMN: Net-Net Working Capital Comparison
For the Specialty Chemicals subindustry, Solstice Advanced Materials'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.
Solstice Advanced Materials Price-to-Net-Net-Working-Capital vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Solstice Advanced Materials's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Solstice Advanced Materials'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 $-17.29 mean?
Solstice Advanced Materials (SOLS) has a Net-Net Working Capital of $-17.29 as of Jun. 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 Solstice Advanced Materials According to the industry distribution chart, Solstice Advanced Materials ranks #999999 out of 585 companies in the Chemicals industry.
Is Solstice Advanced Materials' Net-Net Working Capital too high?
Solstice Advanced Materials' current Net-Net Working Capital is $-17.29. Based on the distribution chart, Solstice Advanced Materials ranks #999999 out of 585 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Solstice Advanced Materials has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Solstice Advanced Materials' Net-Net Working Capital compare to WLK and ESI?
According to the Chemicals industry distribution chart, Solstice Advanced Materials ranks #999999 out of 585 companies for Net-Net Working Capital. This places Solstice Advanced Materials in the lower half of its industry. The industry median Net-Net Working Capital is 7.86. 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 Chemicals company?
The median Net-Net Working Capital among Chemicals companies is 7.86, based on 585 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 Solstice Advanced Materials For the Chemicals industry, the median Net-Net Working Capital is 7.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solstice Advanced Materials's current Net-Net Working Capital is $-17.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solstice Advanced Materials stock overvalued right now?
Solstice Advanced Materials (SOLS) has a current Net-Net Working Capital of $-17.29. The current Net-Net Working Capital is $-17.29. Solstice Advanced Materials' overall GF Score™ is 22/100 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 Solstice Advanced Materials (SOLS), the current Net-Net Working Capital is $-17.29 as of Jun. 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.
Solstice Advanced Materials is a diversified specialty chemicals company created in late 2025 after being spun off from Honeywell. It sells chemicals and materials to a wide range of end markets. Its largest product category is refrigerants used in heating, ventilation and air conditioning systems, and autos, where Solstice sells low global warming potential refrigerants. The company also sells materials used for building and construction, semiconductor production, healthcare packaging, and defense. Additionally, Solstice runs the only US uranium conversion business currently in operation.
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