Response Plus Holding (ADX:RPM) Net-Net Working Capital: د.إ-0.10 (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.

ADX:RPM Response Plus Holding ADX:RPM
86 GF Score
Price د.إ1.92
GF Value د.إ6.29
Valuation Significantly Undervalued
! 3 Warning Signs
View Full Analysis

What is Response Plus Holding Net-Net Working Capital?

Response Plus Holding ADX:RPM -2.04% 86 Net-Net Working Capital is د.إ-0.10 as of Dec. 2025. GuruFocus rates ADX:RPM with a GF Score™ of 86/100 and a GF Value™ of د.إ6.29 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 194 Oil & Gas companies, Response Plus Holding ranks worse than 515463.4% 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.

Response Plus Holding's Net-Net Working Capital for the quarter that ended in Dec. 2025 was د.إ-0.10.

The industry rank for Response Plus Holding's Net-Net Working Capital or its related term are showing as below:

ADX:RPM's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 6.28
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Response Plus Holding  (ADX:RPM) 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.


Response Plus Holding Net-Net Working Capital Related Terms


Response Plus Holding Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Response Plus Holding'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.

Response Plus Holding Net-Net Working Capital Chart

Response Plus Holding Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial 0.52 0.28 0.27 -0.03 -0.10

Response Plus Holding Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.27 -0.03 -0.03 -0.22 -0.10

ADX:RPM vs SLB, BKR, FTI: Net-Net Working Capital Comparison

For the Oil & Gas Equipment & Services subindustry, Response Plus Holding'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.


Response Plus Holding Price-to-Net-Net-Working-Capital vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Response Plus Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Response Plus Holding's Price-to-Net-Net-Working-Capital falls into.


ADX:RPM
86GF Score
Response Plus Holding ADX:RPM
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Response Plus Holding Net-Net Working Capital Calculation

Response Plus Holding'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)
=(24.872+0.75 * 121.41+0.5 * 11.164-141.434
-0-0)/200.000
=-0.10

Response Plus Holding'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)
=(24.872+0.75 * 121.41+0.5 * 11.164-141.434
-0-0)/200.000
=-0.10

* 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.إ-0.10 mean?
Response Plus Holding (ADX:RPM) has a Net-Net Working Capital of د.إ-0.10 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 Response Plus Holding According to the industry distribution chart, Response Plus Holding ranks #999999 out of 194 companies in the Oil & Gas industry.
Is Response Plus Holding's Net-Net Working Capital too high?
Response Plus Holding's current Net-Net Working Capital is د.إ-0.10. Based on the distribution chart, Response Plus Holding ranks #999999 out of 194 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Response Plus Holding has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Response Plus Holding's Net-Net Working Capital compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Response Plus Holding ranks #999999 out of 194 companies for Net-Net Working Capital. This places Response Plus Holding in the lower half of its industry. The industry median Net-Net Working Capital is 6.28. 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 an Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.28, based on 194 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 Response Plus Holding For the Oil & Gas industry, the median Net-Net Working Capital is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Response Plus Holding's current Net-Net Working Capital is د.إ-0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Response Plus Holding stock overvalued right now?
Based on GuruFocus' analysis, Response Plus Holding (ADX:RPM) is currently considered Significantly Undervalued. The stock's GF Value™ is د.إ6.29, compared to a current price of د.إ1.92 — trading 69.5% below its estimated fair value. The current Net-Net Working Capital is د.إ-0.10. Response Plus Holding's overall GF Score™ is 86/100 with 3 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 Response Plus Holding (ADX:RPM), the current Net-Net Working Capital is د.إ-0.10 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 Response Plus Holding (ADX:RPM) Overvalued in 2026?

Based on GuruFocus' analysis, Response Plus Holding stock appears to be undervalued. The current stock price of د.إ1.92 is trading 69.5% below its estimated GF Value™ of د.إ6.29. GuruFocus considers Response Plus Holding to be Significantly Undervalued.

Key valuation signals for ADX:RPM:

  • Net-Net Working Capital: د.إ-0.10
  • GF Value™: د.إ6.29 vs. price of د.إ1.92 (69.5% below fair value)
  • GF Score™: 86/100 with 3 warning signs

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


Response Plus Holding Business Description

Industry EnergyOil & Gas
Address Al Falah Street, 6th Floor, Emirates Real Estate Corp Building, P.O.Box 130336, Al Danah, Abu Dhabi, ARE
Website https://rpm.ae
Response Plus Holding is engaged in the supply of manpower and medical equipment and the management of hospitals, clinics, and medical centers. The group holds 350+ ambulances, 420+ onsite clinics, and 3000+ medical professionals, to deliver scalable solutions across Medical Manpower Outsourcing, Event Emergency Medical Coverage, and Occupational Health Services. Geographically, it operates across the UAE, Saudi Arabia, Oman, Jordan, India, the UK, Switzerland, Norway, and the Bahamas also offers Helicopter Emergency Medical Services and Medical Air Evacuation.
86GF Score

Get the complete analysis for ADX:RPM

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

د.إ1.92
Price
د.إ6.29
GF Value