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 Altisource Portfolio Solutions's Net-Net Working Capital or its related term are showing as below:
ASPS's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.645 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Altisource Portfolio Solutions (NAS:ASPS) 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.
Altisource Portfolio Solutions Net-Net Working Capital Related Terms
Altisource Portfolio Solutions 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.
Altisource Portfolio Solutions Net-Net Working Capital Chart
ASPS vs MAYS, CPTP, STHO: Net-Net Working Capital Comparison
For the Real Estate Services subindustry, Altisource Portfolio Solutions'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.
Altisource Portfolio Solutions Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Altisource Portfolio Solutions's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Altisource Portfolio Solutions'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 $-18.86 mean?
Altisource Portfolio Solutions (ASPS) has a Net-Net Working Capital of $-18.86 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 Altisource Portfolio Solutions According to the industry distribution chart, Altisource Portfolio Solutions ranks #999999 out of 328 companies in the Real Estate industry.
Is Altisource Portfolio Solutions' Net-Net Working Capital too high?
Altisource Portfolio Solutions' current Net-Net Working Capital is $-18.86. Based on the distribution chart, Altisource Portfolio Solutions ranks #999999 out of 328 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Altisource Portfolio Solutions has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altisource Portfolio Solutions' Net-Net Working Capital compare to MAYS and CPTP?
According to the Real Estate industry distribution chart, Altisource Portfolio Solutions ranks #999999 out of 328 companies for Net-Net Working Capital. This places Altisource Portfolio Solutions in the lower half of its industry. The industry median Net-Net Working Capital is 4.65. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.65, based on 328 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 Altisource Portfolio Solutions For the Real Estate industry, the median Net-Net Working Capital is 4.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altisource Portfolio Solutions's current Net-Net Working Capital is $-18.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altisource Portfolio Solutions stock overvalued right now?
Based on GuruFocus' analysis, Altisource Portfolio Solutions (ASPS) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.85, compared to a current price of $7.02 — trading 44.7% above its estimated fair value. The current Net-Net Working Capital is $-18.86. Altisource Portfolio Solutions' overall GF Score™ is 47/100 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 Altisource Portfolio Solutions (ASPS), the current Net-Net Working Capital is $-18.86 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 Altisource Portfolio Solutions (ASPS) Overvalued in 2026?
Based on GuruFocus' analysis, Altisource Portfolio Solutions stock appears to be overvalued.
The current stock price of $7.02 is trading 44.7% above its estimated GF Value™ of $4.85.
GuruFocus considers Altisource Portfolio Solutions to be Significantly Overvalued.
Key valuation signals for ASPS:
Net-Net Working Capital: $-18.86
GF Value™: $4.85 vs. price of $7.02 (44.7% above fair value)
No single metric tells the full story. See the ASPS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Altisource Portfolio Solutions Business Description
Altisource Portfolio Solutions SA is an integrated service provider and marketplace for the real estate and mortgage industries. It operates via two reportable segments, namely Servicer and Real Estate, which derive maximum revenue, and Origination. The Servicer and Real Estate segment provides loan servicers and real estate investors with solutions and technologies that span the mortgage and real estate lifecycle. The Origination segment provides originators with solutions and technologies that span the mortgage origination lifecycle. Altisource mainly serves financial institutions, government-sponsored enterprises, and originators in the United States, with the majority of its revenue flowing from field services and mortgage and real estate solutions.
47GF Score
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