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.
The industry rank for Australian Strategic Materials's Net-Net Working Capital or its related term are showing as below:
ASMMF's Price-to-Net-Net-Working-Capital is ranked worse than 55.46% of 1118
companies
in the Metals & Mining industry
Industry Median: 7.33
vs ASMMF: 8.00
Australian Strategic Materials (OTCPK:ASMMF) 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.
Australian Strategic Materials Net-Net Working Capital Related Terms
Australian Strategic Materials 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.
Australian Strategic Materials Net-Net Working Capital Chart
Australian Strategic Materials Net-Net Working Capital Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Australian Strategic Materials'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.
Australian Strategic Materials Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Australian Strategic Materials's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Australian Strategic Materials'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 $0.10 mean?
Australian Strategic Materials (ASMMF) has a Net-Net Working Capital of $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 Australian Strategic Materials According to the industry distribution chart, Australian Strategic Materials ranks #620 out of 1118 companies in the Metals & Mining industry, placing it in the top 55.5%.
Is Australian Strategic Materials' Net-Net Working Capital too high?
Australian Strategic Materials' current Net-Net Working Capital is $0.10. The Metals & Mining industry median Net-Net Working Capital is 7.33. Australian Strategic Materials' value of $0.10 is 98.6% below this industry median. Based on the distribution chart, Australian Strategic Materials ranks #620 out of 1118 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Australian Strategic Materials has a GF Score™ of 28/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Australian Strategic Materials' Net-Net Working Capital compare to competitors?
According to the Metals & Mining industry distribution chart, Australian Strategic Materials ranks #620 out of 1118 companies for Net-Net Working Capital. This places Australian Strategic Materials in the lower half of its industry. The industry median Net-Net Working Capital is 7.33. Australian Strategic Materials' value of $0.10 is 98.6% below this benchmark. 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 Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 7.33, based on 1,118 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. Australian Strategic Materials's current Net-Net Working Capital of $0.10 is 98.6% below the industry median. 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 Australian Strategic Materials For the Metals & Mining industry, the median Net-Net Working Capital is 7.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Australian Strategic Materials's current Net-Net Working Capital is $0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Australian Strategic Materials stock overvalued right now?
Based on GuruFocus' analysis, Australian Strategic Materials (ASMMF) is currently considered Modestly Undervalued. The stock's GF Value™ is $0.99, compared to a current price of $0.80 — trading 19.2% below its estimated fair value. The current Net-Net Working Capital is $0.10 and 98.6% below the Metals & Mining industry median of 7.33. Australian Strategic Materials' overall GF Score™ is 28/100 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 Australian Strategic Materials (ASMMF), the current Net-Net Working Capital is $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 Australian Strategic Materials (ASMMF) Overvalued in 2026?
Based on GuruFocus' analysis, Australian Strategic Materials stock appears to be undervalued.
The current stock price of $0.80 is trading 19.2% below its estimated GF Value™ of $0.99.
GuruFocus considers Australian Strategic Materials to be Modestly Undervalued.
Key valuation signals for ASMMF:
Net-Net Working Capital: $0.10
GF Value™: $0.99 vs. price of $0.80 (19.2% below fair value)
Industry Position: 98.6% below the Metals & Mining median (#620 of 1118)
No single metric tells the full story. See the ASMMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Australian Strategic Materials Business Description
Australian Strategic Materials Ltd is engaged in the business of producing and mining specialty metal and oxides. The product portfolio includes neodymium, praseodymium, zirconium, hafnium, dysprosium, terbium and niobium oxides. Its Dubbo Project includes Central Western New South Wales, Australia. The company's segment includes Corporate, Dubbo, and Korea. The company generates majority of its revenue from Korea, which includes the Korean Metals Plant.
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