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.
XLIS:RAM's Price-to-Net-Net-Working-Capital is ranked worse than 93.85% of 179
companies
in the Steel industry
Industry Median: 4.39
vs XLIS:RAM: 48.71
Ramada Investimentos e Industria (XLIS:RAM) 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.
Ramada Investimentos e Industria Net-Net Working Capital Related Terms
Ramada Investimentos e Industria 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.
Ramada Investimentos e Industria Net-Net Working Capital Chart
XLIS:RAM vs NUE, STLD, RS: Net-Net Working Capital Comparison
For the Steel subindustry, Ramada Investimentos e Industria'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.
Ramada Investimentos e Industria Price-to-Net-Net-Working-Capital vs Steel Industry
For the Steel industry and Basic Materials sector, Ramada Investimentos e Industria's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ramada Investimentos e Industria'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 €0.20 mean?
Ramada Investimentos e Industria (XLIS:RAM) has a Net-Net Working Capital of €0.20 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 Ramada Investimentos e Industria According to the industry distribution chart, Ramada Investimentos e Industria ranks #168 out of 179 companies in the Steel industry, placing it in the top 93.9%.
Is Ramada Investimentos e Industria's Net-Net Working Capital too high?
Ramada Investimentos e Industria's current Net-Net Working Capital is €0.20. Based on the distribution chart, Ramada Investimentos e Industria ranks #168 out of 179 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Ramada Investimentos e Industria has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ramada Investimentos e Industria's Net-Net Working Capital compare to NUE and STLD?
According to the Steel industry distribution chart, Ramada Investimentos e Industria ranks #168 out of 179 companies for Net-Net Working Capital. This places Ramada Investimentos e Industria in the lower half of its industry. The industry median Net-Net Working Capital is 4.39. 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 Steel company?
The median Net-Net Working Capital among Steel companies is 4.39, based on 179 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 Ramada Investimentos e Industria For the Steel industry, the median Net-Net Working Capital is 4.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ramada Investimentos e Industria's current Net-Net Working Capital is €0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ramada Investimentos e Industria stock overvalued right now?
Based on GuruFocus' analysis, Ramada Investimentos e Industria (XLIS:RAM) is currently considered Fairly Valued. The stock's GF Value™ is €6.87, compared to a current price of €6.82 — trading 0.7% below its estimated fair value. The current Net-Net Working Capital is €0.20. Ramada Investimentos e Industria's overall GF Score™ is 62/100 with 5 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 Ramada Investimentos e Industria (XLIS:RAM), the current Net-Net Working Capital is €0.20 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.
Is Ramada Investimentos e Industria (XLIS:RAM) Overvalued in 2026?
Based on GuruFocus' analysis, Ramada Investimentos e Industria stock appears to be undervalued.
The current stock price of €6.82 is trading 0.7% below its estimated GF Value™ of €6.87.
GuruFocus considers Ramada Investimentos e Industria to be Fairly Valued.
Key valuation signals for XLIS:RAM:
Net-Net Working Capital: €0.20
GF Value™: €6.87 vs. price of €6.82 (0.7% below fair value)
No single metric tells the full story. See the XLIS:RAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ramada Investimentos e Industria Business Description
Ramada Investimentos e Industria SA manufactures steel products. It operates in two different business segments, namely, the Industry Segment, which includes the special steel and drawing mill activities, as well as the activity related to the management of the Group's financial holdings in which the Group is a minority shareholder; and the Real Estate Segment, devoted to managing real estate assets, among which is an area of forested land. The company generates the majority of its revenue from the Industry segment.
62GF Score
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