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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.
ADX:ASM's Price-to-Net-Net-Working-Capital is ranked better than 89.55% of 220
companies
in the Transportation industry
Industry Median: 6.16
vs ADX:ASM: 1.52
Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) 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.
Al Seer Marine Supplies & Equipment PJSC Net-Net Working Capital Related Terms
Al Seer Marine Supplies & Equipment PJSC 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.
Al Seer Marine Supplies & Equipment PJSC Net-Net Working Capital Chart
Al Seer Marine Supplies & Equipment PJSC Annual Data
ADX:ASM vs KEX: Net-Net Working Capital Comparison
For the Marine Shipping subindustry, Al Seer Marine Supplies & Equipment PJSC'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.
Al Seer Marine Supplies & Equipment PJSC Price-to-Net-Net-Working-Capital vs Transportation Industry
For the Transportation industry and Industrials sector, Al Seer Marine Supplies & Equipment PJSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Al Seer Marine Supplies & Equipment PJSC'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 د.إ1.31 mean?
Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) has a Net-Net Working Capital of د.إ1.31 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 Al Seer Marine Supplies & Equipment PJSC According to the industry distribution chart, Al Seer Marine Supplies & Equipment PJSC ranks #23 out of 220 companies in the Transportation industry, placing it in the top 10.5%.
Is Al Seer Marine Supplies & Equipment PJSC's Net-Net Working Capital too high?
Al Seer Marine Supplies & Equipment PJSC's current Net-Net Working Capital is د.إ1.31. Based on the distribution chart, Al Seer Marine Supplies & Equipment PJSC ranks #23 out of 220 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, Al Seer Marine Supplies & Equipment PJSC has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Al Seer Marine Supplies & Equipment PJSC's Net-Net Working Capital compare to KEX?
According to the Transportation industry distribution chart, Al Seer Marine Supplies & Equipment PJSC ranks #23 out of 220 companies for Net-Net Working Capital. This places Al Seer Marine Supplies & Equipment PJSC in the top 11% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.16. 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 Transportation company?
The median Net-Net Working Capital among Transportation companies is 6.16, based on 220 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 Al Seer Marine Supplies & Equipment PJSC For the Transportation industry, the median Net-Net Working Capital is 6.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Seer Marine Supplies & Equipment PJSC's current Net-Net Working Capital is د.إ1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Seer Marine Supplies & Equipment PJSC stock overvalued right now?
Based on GuruFocus' analysis, Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) is currently considered Possible Value Trap. The stock's GF Value™ is د.إ4.59, compared to a current price of د.إ1.99 — trading 56.6% below its estimated fair value. The current Net-Net Working Capital is د.إ1.31. Al Seer Marine Supplies & Equipment PJSC's overall GF Score™ is 68/100 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 Al Seer Marine Supplies & Equipment PJSC (ADX:ASM), the current Net-Net Working Capital is د.إ1.31 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 Al Seer Marine Supplies & Equipment PJSC (ADX:ASM) Overvalued in 2026?
Based on GuruFocus' analysis, Al Seer Marine Supplies & Equipment PJSC stock appears to be undervalued.
The current stock price of د.إ1.99 is trading 56.6% below its estimated GF Value™ of د.إ4.59.
GuruFocus considers Al Seer Marine Supplies & Equipment PJSC to be Possible Value Trap.
Key valuation signals for ADX:ASM:
Net-Net Working Capital: د.إ1.31
GF Value™: د.إ4.59 vs. price of د.إ1.99 (56.6% below fair value)
No single metric tells the full story. See the ADX:ASM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Seer Marine Supplies & Equipment PJSC Business Description
Al Seer Marine Supplies & Equipment PJSC is a maritime organization. Its service portfolio includes commercial shipping, yachting, boat building, large-scale 3D printing, unmanned vessel platforms and capabilities. The company has three segments, namely commercial shipping (commercial shipping, cargo, trade and maritime assets), yachting (management, maintenance, crewing and operations), IDT (3D printing, maintenance services, training, unmanned systems and capability development, construction & manufacturing new builds, boat building, ship building, naval architecture and engineering) and defense & security consultancy, unmanned systems, through life support and training). The majority of the company's revenue is derived from the Commercial shipping segment.
68GF 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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