Verde Clean FuelsVGAS +1.01%34 Net-Net Working Capital is $1.16 as of Mar. 2026. GuruFocus rates VGAS with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 62 Utilities - Independent Power Producers companies, Verde Clean Fuels ranks better than 90.32% 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.
Verde Clean Fuels's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $1.16.
The industry rank for Verde Clean Fuels's Net-Net Working Capital or its related term are showing as below:
VGAS's Price-to-Net-Net-Working-Capital is ranked better than 90.32% of 62
companies
in the Utilities - Independent Power Producers industry
Industry Median: 7.18
vs VGAS: 0.88
Verde Clean Fuels (NAS:VGAS) 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.
Verde Clean Fuels Net-Net Working Capital Related Terms
Verde Clean Fuels Net-Net Working Capital Historical Data
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The historical data trend for Verde Clean Fuels'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.
VGAS vs BESS, WNDW, AGIG: Net-Net Working Capital Comparison
For the Utilities - Renewable subindustry, Verde Clean Fuels'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.
Verde Clean Fuels Price-to-Net-Net-Working-Capital vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Verde Clean Fuels's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Verde Clean Fuels'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 $1.16 mean?
Verde Clean Fuels (VGAS) has a Net-Net Working Capital of $1.16 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 Verde Clean Fuels According to the industry distribution chart, Verde Clean Fuels ranks #6 out of 62 companies in the Utilities - Independent Power Producers industry, placing it in the top 9.7%.
Is Verde Clean Fuels' Net-Net Working Capital too high?
Verde Clean Fuels' current Net-Net Working Capital is $1.16. The Utilities - Independent Power Producers industry median Net-Net Working Capital is 7.18. Verde Clean Fuels' value of $1.16 is 83.8% below this industry median. Based on the distribution chart, Verde Clean Fuels ranks #6 out of 62 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Verde Clean Fuels has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does Verde Clean Fuels' Net-Net Working Capital compare to BESS and WNDW?
According to the Utilities - Independent Power Producers industry distribution chart, Verde Clean Fuels ranks #6 out of 62 companies for Net-Net Working Capital. This places Verde Clean Fuels in the top 10% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.18. Verde Clean Fuels' value of $1.16 is 83.8% 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 Utilities - Independent Power Producers company?
The median Net-Net Working Capital among Utilities - Independent Power Producers companies is 7.18, based on 62 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. Verde Clean Fuels's current Net-Net Working Capital of $1.16 is 83.8% 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 Verde Clean Fuels For the Utilities - Independent Power Producers industry, the median Net-Net Working Capital is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Verde Clean Fuels's current Net-Net Working Capital is $1.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Verde Clean Fuels stock overvalued right now?
Verde Clean Fuels (VGAS) has a current Net-Net Working Capital of $1.16. The current Net-Net Working Capital is $1.16 and 83.8% below the Utilities - Independent Power Producers industry median of 7.18. Verde Clean Fuels' overall GF Score™ is 34/100 with 1 warning sign 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 Verde Clean Fuels (VGAS), the current Net-Net Working Capital is $1.16 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.
Verde Clean Fuels Inc is a renewable energy company specializing in the conversion of synthesis gas, or syngas, derived from diverse feedstocks, such as biomass, MSW, and mixed plastics, as well as natural gas (including synthetic natural gas) and other feedstocks, into liquid hydrocarbons that can be used as gasoline through a proprietary liquid fuels technology, the STG process.
34GF Score
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