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Al Waha Capital PJSCADX:WAHA 65 Net-Net Working Capital is د.إ-0.25 as of Mar. 2026. GuruFocus rates ADX:WAHA with a GF Score™ of 65/100 and a GF Value™ of د.إ2.56 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 497 Asset Management companies, Al Waha Capital PJSC ranks worse than 201207.04% 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.
Al Waha Capital PJSC's Net-Net Working Capital for the quarter that ended in Mar. 2026 was د.إ-0.25.
The industry rank for Al Waha Capital PJSC's Net-Net Working Capital or its related term are showing as below:
ADX:WAHA's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.36 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Al Waha Capital PJSC (ADX:WAHA) 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 Waha Capital PJSC Net-Net Working Capital Related Terms
Al Waha Capital PJSC Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Al Waha Capital PJSC'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.
Al Waha Capital PJSC Net-Net Working Capital Chart
ADX:WAHA vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, Al Waha Capital 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 Waha Capital PJSC Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Al Waha Capital PJSC's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Al Waha Capital 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.إ-0.25 mean?
Al Waha Capital PJSC (ADX:WAHA) has a Net-Net Working Capital of د.إ-0.25 as of Mar. 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 Al Waha Capital PJSC According to the industry distribution chart, Al Waha Capital PJSC ranks #999999 out of 497 companies in the Asset Management industry.
Is Al Waha Capital PJSC's Net-Net Working Capital too high?
Al Waha Capital PJSC's current Net-Net Working Capital is د.إ-0.25. Based on the distribution chart, Al Waha Capital PJSC ranks #999999 out of 497 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Al Waha Capital PJSC has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Waha Capital PJSC's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, Al Waha Capital PJSC ranks #999999 out of 497 companies for Net-Net Working Capital. This places Al Waha Capital PJSC in the lower half of its industry. The industry median Net-Net Working Capital is 6.36. 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 Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.36, based on 497 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 Waha Capital PJSC For the Asset Management industry, the median Net-Net Working Capital is 6.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Waha Capital PJSC's current Net-Net Working Capital is د.إ-0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Waha Capital PJSC stock overvalued right now?
Based on GuruFocus' analysis, Al Waha Capital PJSC (ADX:WAHA) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.56, compared to a current price of د.إ2.00 — trading 21.9% below its estimated fair value. The current Net-Net Working Capital is د.إ-0.25. Al Waha Capital PJSC's overall GF Score™ is 65/100 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 Waha Capital PJSC (ADX:WAHA), the current Net-Net Working Capital is د.إ-0.25 as of Mar. 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 Al Waha Capital PJSC (ADX:WAHA) Overvalued in 2026?
Based on GuruFocus' analysis, Al Waha Capital PJSC stock appears to be undervalued.
The current stock price of د.إ2.00 is trading 21.9% below its estimated GF Value™ of د.إ2.56.
GuruFocus considers Al Waha Capital PJSC to be Modestly Undervalued.
Key valuation signals for ADX:WAHA:
Net-Net Working Capital: د.إ-0.25
GF Value™: د.إ2.56 vs. price of د.إ2.00 (21.9% below fair value)
No single metric tells the full story. See the ADX:WAHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Waha Capital PJSC is engaged in investment management activities carried out directly. The Company's objective is to generate returns from capital appreciation and investment income by investing in a diversified portfolio across public markets, industrial real estate, investments in infrastructure, healthcare, fintech and oil and gas. It has four segments Waha Land, Public Markets, Corporate, and Private Investment. The company generates majority of revenue from Private Investment. The Private Investments segment holds all of the Group's proprietary investments in diversified industries including financial services, infrastructure, oil and gas, fintech and healthcare. Its funds are Waha Emerging Markets Credit Fund, Waha MENA Equity Fund, and Waha Islamic Income Fund.
65GF Score
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