ABTS (Abits Group) Net-Net Working Capital: $-1.28 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ABTS Abits Group Inc ABTS
55 GF Score
Price $1.19
GF Value $49.86
Valuation Possible Value Trap
! 1 Warning Sign
View Full Analysis

What is Abits Group Net-Net Working Capital?

Abits Group ABTS -3.25% 55 Net-Net Working Capital is $-1.28 as of Dec. 2025. GuruFocus rates ABTS with a GF Score™ of 55/100 and a GF Value™ of $49.86 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 287 Capital Markets companies, Abits Group ranks worse than 348431.71% 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.

Abits Group's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $-1.28.

The industry rank for Abits Group's Net-Net Working Capital or its related term are showing as below:

ABTS's Price-to-Net-Net-Working-Capital is not ranked *
in the Capital Markets industry.
Industry Median: 4.91
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Abits Group  (NAS:ABTS) 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.


Abits Group Net-Net Working Capital Related Terms


Abits Group Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Abits Group'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.

Abits Group Net-Net Working Capital Chart

Abits Group Annual Data
Trend Sep19 Sep20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial 1.15 0.80 -0.05 0.05 -1.28

Abits Group Quarterly Data
Sep19 Dec19 Sep20 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Sep24 Dec24 Jun25 Sep25 Dec25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.05 -1.41 -1.36 -1.28

ABTS vs LGHL, PMAX, NCPL: Net-Net Working Capital Comparison

For the Capital Markets subindustry, Abits Group'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.


Abits Group Price-to-Net-Net-Working-Capital vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Abits Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Abits Group's Price-to-Net-Net-Working-Capital falls into.


ABTS
55GF Score
Abits Group Inc ABTS
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Abits Group Net-Net Working Capital Calculation

Abits Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.084+0.75 * 0.023+0.5 * 0-3.134
-0.005-0)/2.370
=-1.28

Abits Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.084+0.75 * 0.023+0.5 * 0-3.134
-0.005-0)/2.370
=-1.28

* 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 $-1.28 mean?
Abits Group (ABTS) has a Net-Net Working Capital of $-1.28 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 Abits Group According to the industry distribution chart, Abits Group ranks #999999 out of 287 companies in the Capital Markets industry.
Is Abits Group's Net-Net Working Capital too high?
Abits Group's current Net-Net Working Capital is $-1.28. Based on the distribution chart, Abits Group ranks #999999 out of 287 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Abits Group has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Abits Group's Net-Net Working Capital compare to LGHL and PMAX?
According to the Capital Markets industry distribution chart, Abits Group ranks #999999 out of 287 companies for Net-Net Working Capital. This places Abits Group in the lower half of its industry. The industry median Net-Net Working Capital is 4.91. 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 4.91, based on 287 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 Abits Group For the Capital Markets industry, the median Net-Net Working Capital is 4.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Abits Group's current Net-Net Working Capital is $-1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Abits Group stock overvalued right now?
Based on GuruFocus' analysis, Abits Group (ABTS) is currently considered Possible Value Trap. The stock's GF Value™ is $49.86, compared to a current price of $1.19 — trading 97.6% below its estimated fair value. The current Net-Net Working Capital is $-1.28. Abits Group's overall GF Score™ is 55/100 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 Abits Group (ABTS), the current Net-Net Working Capital is $-1.28 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 Abits Group (ABTS) Overvalued in 2026?

Based on GuruFocus' analysis, Abits Group stock appears to be undervalued. The current stock price of $1.19 is trading 97.6% below its estimated GF Value™ of $49.86. GuruFocus considers Abits Group to be Possible Value Trap.

Key valuation signals for ABTS:

  • Net-Net Working Capital: $-1.28
  • GF Value™: $49.86 vs. price of $1.19 (97.6% below fair value)
  • GF Score™: 55/100 with 1 warning sign

No single metric tells the full story. See the ABTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Abits Group Business Description

Address 33 Hysan Avenue, Causeway Bay, Level 24, Lee Garden One, Hong Kong, HKG
Abits Group Inc is a bitcoin mining company. The Company operates self-owned and hosted bitcoin mining facilities in Tennessee, United States.
55GF Score

Get the complete analysis for ABTS

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.19
Price
$49.86
GF Value