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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.
XMAD:GAM's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.64 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
General de Alquiler de Maquinaria (XMAD:GAM) 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.
General de Alquiler de Maquinaria Net-Net Working Capital Related Terms
General de Alquiler de Maquinaria 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.
General de Alquiler de Maquinaria Net-Net Working Capital Chart
XMAD:GAM vs URI, SUNB, AER: Net-Net Working Capital Comparison
For the Rental & Leasing Services subindustry, General de Alquiler de Maquinaria'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.
General de Alquiler de Maquinaria Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, General de Alquiler de Maquinaria's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where General de Alquiler de Maquinaria'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 €-3.56 mean?
General de Alquiler de Maquinaria (XMAD:GAM) has a Net-Net Working Capital of €-3.56 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 General de Alquiler de Maquinaria According to the industry distribution chart, General de Alquiler de Maquinaria ranks #999999 out of 445 companies in the Business Services industry.
Is General de Alquiler de Maquinaria's Net-Net Working Capital too high?
General de Alquiler de Maquinaria's current Net-Net Working Capital is €-3.56. Based on the distribution chart, General de Alquiler de Maquinaria ranks #999999 out of 445 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, General de Alquiler de Maquinaria has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does General de Alquiler de Maquinaria's Net-Net Working Capital compare to URI and SUNB?
According to the Business Services industry distribution chart, General de Alquiler de Maquinaria ranks #999999 out of 445 companies for Net-Net Working Capital. This places General de Alquiler de Maquinaria in the lower half of its industry. The industry median Net-Net Working Capital is 5.64. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.64, based on 445 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 General de Alquiler de Maquinaria For the Business Services industry, the median Net-Net Working Capital is 5.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. General de Alquiler de Maquinaria's current Net-Net Working Capital is €-3.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is General de Alquiler de Maquinaria stock overvalued right now?
Based on GuruFocus' analysis, General de Alquiler de Maquinaria (XMAD:GAM) is currently considered Fairly Valued. The stock's GF Value™ is €1.49, compared to a current price of €1.47 — trading 1.3% below its estimated fair value. The current Net-Net Working Capital is €-3.56. General de Alquiler de Maquinaria's overall GF Score™ is 84/100 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 General de Alquiler de Maquinaria (XMAD:GAM), the current Net-Net Working Capital is €-3.56 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 General de Alquiler de Maquinaria (XMAD:GAM) Overvalued in 2026?
Based on GuruFocus' analysis, General de Alquiler de Maquinaria stock appears to be undervalued.
The current stock price of €1.47 is trading 1.3% below its estimated GF Value™ of €1.49.
GuruFocus considers General de Alquiler de Maquinaria to be Fairly Valued.
Key valuation signals for XMAD:GAM:
Net-Net Working Capital: €-3.56
GF Value™: €1.49 vs. price of €1.47 (1.3% below fair value)
No single metric tells the full story. See the XMAD:GAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
General de Alquiler de Maquinaria Business Description
General de Alquiler de Maquinaria SA is a machinery rental company. The company's rental fleet includes compactors, compressors, dumpers, electric machinery, platforms, cranes, scaffolds and transport vehicles, as well as auxiliary equipment and machinery used in the infrastructure, agricultural, port, construction, industrial and energy sectors. In addition, the company is involved in the sale of second-hand equipment.
84GF Score
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