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Vision Marine TechnologiesVMAR -1.04%20 Net-Net Working Capital is $-79.31 as of May. 2026. GuruFocus rates VMAR with a GF Score™ of 20/100. The stock has 3 warning signs investors should review. Among 385 Vehicles & Parts companies, Vision Marine Technologies ranks worse than 259740% 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.
Vision Marine Technologies's Net-Net Working Capital for the quarter that ended in May. 2026 was $-79.31.
The industry rank for Vision Marine Technologies's Net-Net Working Capital or its related term are showing as below:
VMAR's Price-to-Net-Net-Working-Capital is not ranked *
in the Vehicles & Parts industry.
Industry Median: 7.42 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Vision Marine Technologies (NAS:VMAR) 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.
Vision Marine Technologies Net-Net Working Capital Related Terms
Vision Marine Technologies 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.
Vision Marine Technologies Net-Net Working Capital Chart
VMAR vs MCOM, VEEE, EZGO: Net-Net Working Capital Comparison
For the Recreational Vehicles subindustry, Vision Marine Technologies'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.
Vision Marine Technologies Price-to-Net-Net-Working-Capital vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Vision Marine Technologies's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Vision Marine Technologies'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 $-79.31 mean?
Vision Marine Technologies (VMAR) has a Net-Net Working Capital of $-79.31 as of May. 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 Vision Marine Technologies According to the industry distribution chart, Vision Marine Technologies ranks #999999 out of 385 companies in the Vehicles & Parts industry.
Is Vision Marine Technologies' Net-Net Working Capital too high?
Vision Marine Technologies' current Net-Net Working Capital is $-79.31. Based on the distribution chart, Vision Marine Technologies ranks #999999 out of 385 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, Vision Marine Technologies has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Vision Marine Technologies' Net-Net Working Capital compare to MCOM and VEEE?
According to the Vehicles & Parts industry distribution chart, Vision Marine Technologies ranks #999999 out of 385 companies for Net-Net Working Capital. This places Vision Marine Technologies in the lower half of its industry. The industry median Net-Net Working Capital is 7.42. 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 7.42, based on 385 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 Vision Marine Technologies For the Vehicles & Parts industry, the median Net-Net Working Capital is 7.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vision Marine Technologies's current Net-Net Working Capital is $-79.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vision Marine Technologies stock overvalued right now?
Vision Marine Technologies (VMAR) has a current Net-Net Working Capital of $-79.31. The current Net-Net Working Capital is $-79.31. Vision Marine Technologies' overall GF Score™ is 20/100 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 Vision Marine Technologies (VMAR), the current Net-Net Working Capital is $-79.31 as of May. 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.
Vision Marine Technologies Inc designs and manufactures electric outboard powertrain systems, power boats, related technology, and rents electric boats. Its models include Bruce 22, Fantail 217, VX Electric Pontoon, Volt 180, Phantom, and others. The company provides goods and services for the recreational boating market and focuses on electric outboard powertrain systems, electric power boats, and the renting of electric boats through its subsidiary. It sells boats, parts, and accessories and offers services related to recreational boating, including boats with internal combustion engines and electric propulsion. The company operates in two reportable segments, the sale of electric boats and the rental of electric boats, and generates a substantial portion of its revenue from the USA.
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