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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.
Megapixel Studio's Net-Net Working Capital for the quarter that ended in Sep. 2025 was zł-6.85.
The industry rank for Megapixel Studio's Net-Net Working Capital or its related term are showing as below:
WAR:MPS's Price-to-Net-Net-Working-Capital is not ranked *
in the Interactive Media industry.
Industry Median: 4.665 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Megapixel Studio (WAR:MPS) 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.
Megapixel Studio Net-Net Working Capital Related Terms
Megapixel Studio Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Megapixel Studio'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:MPS vs NTES, EA, TTWO: Net-Net Working Capital Comparison
For the Electronic Gaming & Multimedia subindustry, Megapixel Studio'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.
Megapixel Studio Price-to-Net-Net-Working-Capital vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Megapixel Studio's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Megapixel Studio'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-6.85 mean?
Megapixel Studio (WAR:MPS) has a Net-Net Working Capital of zł-6.85 as of Sep. 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 Megapixel Studio
Is Megapixel Studio's Net-Net Working Capital too high?
Megapixel Studio's current Net-Net Working Capital is zł-6.85. Overall, Megapixel Studio has a GF Score™ of 65/100, reflecting its overall financial health beyond just this single metric.
How does Megapixel Studio's Net-Net Working Capital compare to NTES and EA?
Megapixel Studio's Net-Net Working Capital of zł-6.85 can be compared against companies in the Interactive Media industry. The industry median Net-Net Working Capital is 4.67. 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 Interactive Media company?
The median Net-Net Working Capital among Interactive Media companies is 4.67, based on 294 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 Megapixel Studio For the Interactive Media industry, the median Net-Net Working Capital is 4.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Megapixel Studio's current Net-Net Working Capital is zł-6.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Megapixel Studio stock overvalued right now?
Megapixel Studio (WAR:MPS) has a current Net-Net Working Capital of zł-6.85. The stock's GF Value™ is zł2.14, compared to a current price of zł1.70 — trading 20.6% below its estimated fair value. The current Net-Net Working Capital is zł-6.85. Megapixel Studio's overall GF Score™ is 65/100 with 9 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 Megapixel Studio (WAR:MPS), the current Net-Net Working Capital is zł-6.85 as of Sep. 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 Megapixel Studio (WAR:MPS) Overvalued in 2026?
Based on GuruFocus' analysis, Megapixel Studio stock appears to be undervalued.
The current stock price of zł1.70 is trading 20.6% below its estimated GF Value™ of zł2.14.
Key valuation signals for WAR:MPS:
Net-Net Working Capital: zł-6.85
GF Value™: zł2.14 vs. price of zł1.70 (20.6% below fair value)
No single metric tells the full story. See the WAR:MPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Megapixel Studio SA is engaged in producing video games. The main goal of the studio is to create playable and recognizable games for all important platforms, with particular emphasis on consoles: Nintendo Switch, Xbox and PS4.
65GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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