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M4B Spolka AkcyjnaWAR:M4B 77 Net-Net Working Capital is zł-0.76 as of Dec. 2025. GuruFocus rates WAR:M4B with a GF Score™ of 77/100 and a GF Value™ of zł14.93 (Significantly Undervalued). Among 1,319 Industrial Products companies, M4B Spolka Akcyjna ranks worse than 75814.94% 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.
M4B Spolka Akcyjna's Net-Net Working Capital for the quarter that ended in Dec. 2025 was zł-0.76.
The industry rank for M4B Spolka Akcyjna's Net-Net Working Capital or its related term are showing as below:
WAR:M4B's Price-to-Net-Net-Working-Capital is not ranked *
in the Industrial Products industry.
Industry Median: 8.18 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
M4B Spolka Akcyjna (WAR:M4B) 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.
M4B Spolka Akcyjna Net-Net Working Capital Related Terms
M4B Spolka Akcyjna Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for M4B Spolka Akcyjna'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.
M4B Spolka Akcyjna Net-Net Working Capital Competitor Comparison
For the Business Equipment & Supplies subindustry, M4B Spolka Akcyjna'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.
M4B Spolka Akcyjna Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, M4B Spolka Akcyjna's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where M4B Spolka Akcyjna'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 zł-0.76 mean?
M4B Spolka Akcyjna (WAR:M4B) has a Net-Net Working Capital of zł-0.76 as of Dec. 2025. 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 M4B Spolka Akcyjna According to the industry distribution chart, M4B Spolka Akcyjna ranks #999999 out of 1319 companies in the Industrial Products industry.
Is M4B Spolka Akcyjna's Net-Net Working Capital too high?
M4B Spolka Akcyjna's current Net-Net Working Capital is zł-0.76. Based on the distribution chart, M4B Spolka Akcyjna ranks #999999 out of 1319 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, M4B Spolka Akcyjna has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does M4B Spolka Akcyjna's Net-Net Working Capital compare to competitors?
According to the Industrial Products industry distribution chart, M4B Spolka Akcyjna ranks #999999 out of 1319 companies for Net-Net Working Capital. This places M4B Spolka Akcyjna in the lower half of its industry. The industry median Net-Net Working Capital is 8.18. 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 Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 8.18, based on 1,319 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 M4B Spolka Akcyjna For the Industrial Products industry, the median Net-Net Working Capital is 8.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. M4B Spolka Akcyjna's current Net-Net Working Capital is zł-0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is M4B Spolka Akcyjna stock overvalued right now?
Based on GuruFocus' analysis, M4B Spolka Akcyjna (WAR:M4B) is currently considered Significantly Undervalued. The stock's GF Value™ is zł14.93, compared to a current price of zł8.95 — trading 40.1% below its estimated fair value. The current Net-Net Working Capital is zł-0.76. M4B Spolka Akcyjna's overall GF Score™ is 77/100. 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 M4B Spolka Akcyjna (WAR:M4B), the current Net-Net Working Capital is zł-0.76 as of Dec. 2025. 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 M4B Spolka Akcyjna (WAR:M4B) Overvalued in 2026?
Based on GuruFocus' analysis, M4B Spolka Akcyjna stock appears to be undervalued.
The current stock price of zł8.95 is trading 40.1% below its estimated GF Value™ of zł14.93.
GuruFocus considers M4B Spolka Akcyjna to be Significantly Undervalued.
Key valuation signals for WAR:M4B:
Net-Net Working Capital: zł-0.76
GF Value™: zł14.93 vs. price of zł8.95 (40.1% below fair value)
No single metric tells the full story. See the WAR:M4B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
M4B Spolka Akcyjna is involved in designing and creating digital signage solutions in the data communications industry in Poland. Its principal product, WAVE Multimedia Everywhere, is a software product to manage wide screen networks online.
77GF Score
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