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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.
Martinrea International's Net-Net Working Capital for the quarter that ended in Jun. 2026 was C$-20.98.
The industry rank for Martinrea International's Net-Net Working Capital or its related term are showing as below:
TSX:MRE's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.82 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Martinrea International (TSX:MRE) 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.
Martinrea International Net-Net Working Capital Related Terms
Martinrea International Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Martinrea International'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.
Martinrea International Net-Net Working Capital Chart
TSX:MRE vs ORLY, AZO, GPC: Net-Net Working Capital Comparison
For the Auto Parts subindustry, Martinrea International'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.
Martinrea International Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Martinrea International's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Martinrea International'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 C$-20.98 mean?
Martinrea International (TSX:MRE) has a Net-Net Working Capital of C$-20.98 as of Jun. 2026. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on Martinrea International According to the industry distribution chart, Martinrea International ranks #999999 out of 374 companies in the Vehicles & Parts industry.
Is Martinrea International's Net-Net Working Capital too high?
Martinrea International's current Net-Net Working Capital is C$-20.98. Based on the distribution chart, Martinrea International ranks #999999 out of 374 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Martinrea International has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Martinrea International's Net-Net Working Capital compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Martinrea International ranks #999999 out of 374 companies for Net-Net Working Capital. This places Martinrea International in the lower half of its industry. The industry median Net-Net Working Capital is 7.82. 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 Vehicles & Parts company?
The median Net-Net Working Capital among Vehicles & Parts companies is 7.82, based on 374 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 Martinrea International For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Martinrea International's current Net-Net Working Capital is C$-20.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Martinrea International stock overvalued right now?
Based on GuruFocus' analysis, Martinrea International (TSX:MRE) is currently considered Fairly Valued. The stock's GF Value™ is C$10.49, compared to a current price of C$10.78 — trading 2.8% above its estimated fair value. The current Net-Net Working Capital is C$-20.98. Martinrea International's overall GF Score™ is 87/100 with 5 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 Martinrea International (TSX:MRE), the current Net-Net Working Capital is C$-20.98 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.
Is Martinrea International (TSX:MRE) Overvalued in 2026?
Based on GuruFocus' analysis, Martinrea International stock appears to be overvalued.
The current stock price of C$10.78 is trading 2.8% above its estimated GF Value™ of C$10.49.
GuruFocus considers Martinrea International to be Fairly Valued.
Key valuation signals for TSX:MRE:
Net-Net Working Capital: C$-20.98
GF Value™: C$10.49 vs. price of C$10.78 (2.8% above fair value)
No single metric tells the full story. See the TSX:MRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Martinrea International Inc is a diversified and world-wide automotive supplier engaged in the design, development and manufacturing of engineered, value-added Lightweight Structures and Propulsion Systems. Its products are used in the automotive sector by the majority of vehicle manufacturers. The Company's offerings include products, assemblies and systems for small and large cars, crossovers, pickups and sport utility vehicles. The company also provides metal forming and welding solutions. The company operates in Canada, USA, Europe, and Other Countries.
87GF Score
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