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Mennica PolskaWAR:MNC -5.13%88 Net-Net Working Capital is zł-20.49 as of Jun. 2026. GuruFocus rates WAR:MNC with a GF Score™ of 88/100 and a GF Value™ of zł43.70 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,312 Industrial Products companies, Mennica Polska ranks worse than 76219.44% 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.
Mennica Polska's Net-Net Working Capital for the quarter that ended in Jun. 2026 was zł-20.49.
The industry rank for Mennica Polska's Net-Net Working Capital or its related term are showing as below:
WAR:MNC'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.
Mennica Polska (WAR:MNC) 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.
Mennica Polska Net-Net Working Capital Related Terms
Mennica Polska Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Mennica Polska'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.
WAR:MNC vs ATI, CRS, MLI: Net-Net Working Capital Comparison
For the Metal Fabrication subindustry, Mennica Polska'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.
Mennica Polska Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mennica Polska's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Mennica Polska'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-20.49 mean?
Mennica Polska (WAR:MNC) has a Net-Net Working Capital of zł-20.49 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 Mennica Polska According to the industry distribution chart, Mennica Polska ranks #999999 out of 1312 companies in the Industrial Products industry.
Is Mennica Polska's Net-Net Working Capital too high?
Mennica Polska's current Net-Net Working Capital is zł-20.49. Based on the distribution chart, Mennica Polska ranks #999999 out of 1312 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Mennica Polska has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mennica Polska's Net-Net Working Capital compare to ATI and CRS?
According to the Industrial Products industry distribution chart, Mennica Polska ranks #999999 out of 1312 companies for Net-Net Working Capital. This places Mennica Polska 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 1,312 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 Mennica Polska 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. Mennica Polska's current Net-Net Working Capital is zł-20.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mennica Polska stock overvalued right now?
Based on GuruFocus' analysis, Mennica Polska (WAR:MNC) is currently considered Modestly Undervalued. The stock's GF Value™ is zł43.70, compared to a current price of zł37.00 — trading 15.3% below its estimated fair value. The current Net-Net Working Capital is zł-20.49. Mennica Polska's overall GF Score™ is 88/100 with 6 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 Mennica Polska (WAR:MNC), the current Net-Net Working Capital is zł-20.49 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 Mennica Polska (WAR:MNC) Overvalued in 2026?
Based on GuruFocus' analysis, Mennica Polska stock appears to be undervalued.
The current stock price of zł37.00 is trading 15.3% below its estimated GF Value™ of zł43.70.
GuruFocus considers Mennica Polska to be Modestly Undervalued.
Key valuation signals for WAR:MNC:
Net-Net Working Capital: zł-20.49
GF Value™: zł43.70 vs. price of zł37.00 (15.3% below fair value)
No single metric tells the full story. See the WAR:MNC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mennica Polska SA is a metal processing company in Poland. It is one of the country's leading producers and distributors of mint and engraving/medal products. The activities of the company are focused on four markets, namely mint products, precious metals processing, ICT services and property development. Mennica's core activity is the production of coins in circulation in Poland. Additionally, it also produces badges, medals, and token coins. In its precious metals segment, the company manufactures catalytic gauzes, paints, equipment for glass furnaces, rolled and drawn precious metal products. The Electronic payment segment deals with the operation of card systems, the sale of public transport tickets and other payment systems.
88GF Score
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