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.
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.
Atlas Engineered ProductsAPEUF 42 Net-Net Working Capital is $-0.32 as of Mar. 2026. GuruFocus rates APEUF with a GF Score™ of 42/100 and a GF Value™ of $0.74 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 486 Construction companies, Atlas Engineered Products ranks worse than 205761.11% 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.
Atlas Engineered Products's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $-0.32.
The industry rank for Atlas Engineered Products's Net-Net Working Capital or its related term are showing as below:
APEUF's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.22 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Atlas Engineered Products (OTCPK:APEUF) 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.
Atlas Engineered Products Net-Net Working Capital Related Terms
Atlas Engineered Products Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Atlas Engineered Products'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.
Atlas Engineered Products Net-Net Working Capital Chart
APEUF vs TT, JCI, CARR: Net-Net Working Capital Comparison
For the Building Products & Equipment subindustry, Atlas Engineered Products'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.
Atlas Engineered Products Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Atlas Engineered Products's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Atlas Engineered Products'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 $-0.32 mean?
Atlas Engineered Products (APEUF) has a Net-Net Working Capital of $-0.32 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 Atlas Engineered Products According to the industry distribution chart, Atlas Engineered Products ranks #999999 out of 486 companies in the Construction industry.
Is Atlas Engineered Products' Net-Net Working Capital too high?
Atlas Engineered Products' current Net-Net Working Capital is $-0.32. Based on the distribution chart, Atlas Engineered Products ranks #999999 out of 486 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Atlas Engineered Products has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Atlas Engineered Products' Net-Net Working Capital compare to TT and JCI?
According to the Construction industry distribution chart, Atlas Engineered Products ranks #999999 out of 486 companies for Net-Net Working Capital. This places Atlas Engineered Products in the lower half of its industry. The industry median Net-Net Working Capital is 6.22. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.22, based on 486 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 Atlas Engineered Products For the Construction industry, the median Net-Net Working Capital is 6.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atlas Engineered Products's current Net-Net Working Capital is $-0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atlas Engineered Products stock overvalued right now?
Based on GuruFocus' analysis, Atlas Engineered Products (APEUF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.74, compared to a current price of $0.42 — trading 43.3% below its estimated fair value. The current Net-Net Working Capital is $-0.32. Atlas Engineered Products' overall GF Score™ is 42/100 with 6 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 Atlas Engineered Products (APEUF), the current Net-Net Working Capital is $-0.32 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 Atlas Engineered Products (APEUF) Overvalued in 2026?
Based on GuruFocus' analysis, Atlas Engineered Products stock appears to be undervalued.
The current stock price of $0.42 is trading 43.3% below its estimated GF Value™ of $0.74.
GuruFocus considers Atlas Engineered Products to be Possible Value Trap.
Key valuation signals for APEUF:
Net-Net Working Capital: $-0.32
GF Value™: $0.74 vs. price of $0.42 (43.3% below fair value)
No single metric tells the full story. See the APEUF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atlas Engineered Products Ltd is a Canada-based supplier of trusses and engineered wood products. The company is engaged in the principal activities of manufacturing trusses for commercial and residential buildings and delivering them to its customers on Vancouver Island. The company generates revenue from the sale of Trusses, Wall panels, and Engineered wood products. Its products and services include project management and site assembly services, design, engineering and permitting services, floor joists, floor trusses, floor panels, roof trusses, wall panels, and other related products. It operates manufacturing and distribution facilities in British Columbia, Manitoba, Ontario, Saskatchewan, and New Brunswick.
42GF Score
Get the complete analysis for APEUF
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
APEUF has been successfully added to your 
