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Armada MercantileAAMTF 40 Net-Net Working Capital is $0.03 as of Feb. 2026. GuruFocus rates AAMTF with a GF Score™ of 40/100 and a GF Value™ of $0.25 (Fairly Valued). The stock has 1 warning sign investors should review. Among 285 Capital Markets companies, Armada Mercantile ranks worse than 52.63% 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.
Armada Mercantile's Net-Net Working Capital for the quarter that ended in Feb. 2026 was $0.03.
The industry rank for Armada Mercantile's Net-Net Working Capital or its related term are showing as below:
AAMTF's Price-to-Net-Net-Working-Capital is ranked worse than 52.63% of 285
companies
in the Capital Markets industry
Industry Median: 4.75
vs AAMTF: 5.00
Armada Mercantile (OTCPK:AAMTF) 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.
Armada Mercantile Net-Net Working Capital Related Terms
Armada Mercantile Net-Net Working Capital Historical Data
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The historical data trend for Armada Mercantile'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.
AAMTF vs MS, GS, SCHW: Net-Net Working Capital Comparison
For the Capital Markets subindustry, Armada Mercantile'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.
Armada Mercantile Price-to-Net-Net-Working-Capital vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Armada Mercantile's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Armada Mercantile'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 $0.03 mean?
Armada Mercantile (AAMTF) has a Net-Net Working Capital of $0.03 as of Feb. 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 Armada Mercantile According to the industry distribution chart, Armada Mercantile ranks #150 out of 285 companies in the Capital Markets industry, placing it in the top 52.6%.
Is Armada Mercantile's Net-Net Working Capital too high?
Armada Mercantile's current Net-Net Working Capital is $0.03. The Capital Markets industry median Net-Net Working Capital is 4.75. Armada Mercantile's value of $0.03 is 99.4% below this industry median. Based on the distribution chart, Armada Mercantile ranks #150 out of 285 companies in the Capital Markets industry, which is below the industry midpoint. Overall, Armada Mercantile has a GF Score™ of 40/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Armada Mercantile's Net-Net Working Capital compare to MS and GS?
According to the Capital Markets industry distribution chart, Armada Mercantile ranks #150 out of 285 companies for Net-Net Working Capital. This places Armada Mercantile in the lower half of its industry. The industry median Net-Net Working Capital is 4.75. Armada Mercantile's value of $0.03 is 99.4% below this benchmark. 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 Capital Markets company?
The median Net-Net Working Capital among Capital Markets companies is 4.75, based on 285 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. Armada Mercantile's current Net-Net Working Capital of $0.03 is 99.4% below the industry median. 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 Armada Mercantile For the Capital Markets industry, the median Net-Net Working Capital is 4.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Armada Mercantile's current Net-Net Working Capital is $0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Armada Mercantile stock overvalued right now?
Based on GuruFocus' analysis, Armada Mercantile (AAMTF) is currently considered Fairly Valued. The stock's GF Value™ is $0.25, compared to a current price of $0.25 — trading right at its estimated fair value. The current Net-Net Working Capital is $0.03 and 99.4% below the Capital Markets industry median of 4.75. Armada Mercantile's overall GF Score™ is 40/100 with 1 warning sign 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 Armada Mercantile (AAMTF), the current Net-Net Working Capital is $0.03 as of Feb. 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 Armada Mercantile (AAMTF) Overvalued in 2026?
Based on GuruFocus' analysis, Armada Mercantile stock appears to be undervalued.
The current stock price of $0.25 is trading 0% below its estimated GF Value™ of $0.25.
GuruFocus considers Armada Mercantile to be Fairly Valued.
Key valuation signals for AAMTF:
Net-Net Working Capital: $0.03
GF Value™: $0.25 vs. price of $0.25 (0% below fair value)
Industry Position: 99.4% below the Capital Markets median (#150 of 285)
No single metric tells the full story. See the AAMTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Armada Mercantile Ltd is engaged in the business of investing in new and existing businesses and organizations. The company is a financial services company that focuses on merchant banking through its wholly-owned subsidiary Armada Group USA, Inc. The company, through its investment in Oxygen Funding, Inc. offers commercial finance services to companies; internationally, including account receivables "factoring", supply chain, equipment leasing, merchant cash advance and purchase order, and other types of specialized finance.
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