TecnoglassTGLS +1.76%81 Net-Net Working Capital is $-4.64 as of Mar. 2026. GuruFocus rates TGLS with a GF Score™ of 81/100 and a GF Value™ of $67.96 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 102 Building Materials companies, Tecnoglass ranks worse than 980391.18% 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.
Tecnoglass's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-4.64.
The industry rank for Tecnoglass's Net-Net Working Capital or its related term are showing as below:
TGLS's Price-to-Net-Net-Working-Capital is not ranked *
in the Building Materials industry.
Industry Median: 7.075 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Tecnoglass (NYSE:TGLS) 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.
Tecnoglass Net-Net Working Capital Related Terms
Tecnoglass Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Tecnoglass'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.
TGLS vs RMIX, MCEM, USLM: Net-Net Working Capital Comparison
For the Building Materials subindustry, Tecnoglass'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.
Tecnoglass Price-to-Net-Net-Working-Capital vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Tecnoglass's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Tecnoglass'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 $-4.64 mean?
Tecnoglass (TGLS) has a Net-Net Working Capital of $-4.64 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 Tecnoglass According to the industry distribution chart, Tecnoglass ranks #999999 out of 102 companies in the Building Materials industry.
Is Tecnoglass' Net-Net Working Capital too high?
Tecnoglass' current Net-Net Working Capital is $-4.64. Based on the distribution chart, Tecnoglass ranks #999999 out of 102 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Tecnoglass has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Tecnoglass' Net-Net Working Capital compare to RMIX and MCEM?
According to the Building Materials industry distribution chart, Tecnoglass ranks #999999 out of 102 companies for Net-Net Working Capital. This places Tecnoglass in the lower half of its industry. The industry median Net-Net Working Capital is 7.08. 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 Building Materials company?
The median Net-Net Working Capital among Building Materials companies is 7.08, based on 102 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 Tecnoglass For the Building Materials industry, the median Net-Net Working Capital is 7.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tecnoglass's current Net-Net Working Capital is $-4.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tecnoglass stock overvalued right now?
Based on GuruFocus' analysis, Tecnoglass (TGLS) is currently considered Possible Value Trap. The stock's GF Value™ is $67.96, compared to a current price of $43.90 — trading 35.4% below its estimated fair value. The current Net-Net Working Capital is $-4.64. Tecnoglass' overall GF Score™ is 81/100 with 3 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 Tecnoglass (TGLS), the current Net-Net Working Capital is $-4.64 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 Tecnoglass (TGLS) Overvalued in 2026?
Based on GuruFocus' analysis, Tecnoglass stock appears to be undervalued.
The current stock price of $43.90 is trading 35.4% below its estimated GF Value™ of $67.96.
GuruFocus considers Tecnoglass to be Possible Value Trap.
Key valuation signals for TGLS:
Net-Net Working Capital: $-4.64
GF Value™: $67.96 vs. price of $43.90 (35.4% below fair value)
No single metric tells the full story. See the TGLS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tecnoglass Inc is a manufacturer of hi-spec architectural glass and windows for residential and commercial construction industries, operating through its direct and indirect subsidiaries. Its product offerings include tempered glass, laminated glass, thermo-acoustic glass, sliding windows, projecting windows, guillotine windows, sliding doors, loating facades, automatic doors, bathroom dividers, and commercial display windows, among others. The company has one operating segment, Architectural Glass and Windows, which is also its reporting segment. Geographically, the company generates maximum revenue from its customers in the United States, followed by Colombia, Panama, and other regions.
81GF Score
Get the complete analysis for TGLS
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TGLS has been successfully added to your 
