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ALFABS AUSTRALIAASX:AAL +2.13%12 Net-Net Working Capital is A$-0.18 as of Dec. 2025. GuruFocus rates ASX:AAL with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 113 Conglomerates companies, ALFABS AUSTRALIA ranks worse than 884954.87% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
ALFABS AUSTRALIA's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$-0.18.
The industry rank for ALFABS AUSTRALIA's Net-Net Working Capital or its related term are showing as below:
ASX:AAL's Price-to-Net-Net-Working-Capital is not ranked *
in the Conglomerates industry.
Industry Median: 5.74 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
ALFABS AUSTRALIA (ASX:AAL) 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.
ALFABS AUSTRALIA Net-Net Working Capital Related Terms
ALFABS AUSTRALIA Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for ALFABS AUSTRALIA'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.
ASX:AAL vs HON, MMM: Net-Net Working Capital Comparison
For the Conglomerates subindustry, ALFABS AUSTRALIA'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.
ALFABS AUSTRALIA Price-to-Net-Net-Working-Capital vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, ALFABS AUSTRALIA's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where ALFABS AUSTRALIA'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 A$-0.18 mean?
ALFABS AUSTRALIA (ASX:AAL) has a Net-Net Working Capital of A$-0.18 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 ALFABS AUSTRALIA According to the industry distribution chart, ALFABS AUSTRALIA ranks #999999 out of 113 companies in the Conglomerates industry.
Is ALFABS AUSTRALIA's Net-Net Working Capital too high?
ALFABS AUSTRALIA's current Net-Net Working Capital is A$-0.18. Based on the distribution chart, ALFABS AUSTRALIA ranks #999999 out of 113 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, ALFABS AUSTRALIA has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does ALFABS AUSTRALIA's Net-Net Working Capital compare to HON and MMM?
According to the Conglomerates industry distribution chart, ALFABS AUSTRALIA ranks #999999 out of 113 companies for Net-Net Working Capital. This places ALFABS AUSTRALIA in the lower half of its industry. The industry median Net-Net Working Capital is 5.74. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Conglomerates company?
The median Net-Net Working Capital among Conglomerates companies is 5.74, based on 113 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on ALFABS AUSTRALIA For the Conglomerates industry, the median Net-Net Working Capital is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ALFABS AUSTRALIA's current Net-Net Working Capital is A$-0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ALFABS AUSTRALIA stock overvalued right now?
ALFABS AUSTRALIA (ASX:AAL) has a current Net-Net Working Capital of A$-0.18. The current Net-Net Working Capital is A$-0.18. ALFABS AUSTRALIA's overall GF Score™ is 12/100 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 ALFABS AUSTRALIA (ASX:AAL), the current Net-Net Working Capital is A$-0.18 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.
ALFABS AUSTRALIA Ltd is a company that provides a design-to-delivery solution for its clients across heavy steel fabrication, construction, and maintenance services, mining equipment, protective coatings, and transport. Its reportable segments are Mining, Engineering, and Other. The Mining segment is engaged in the manufacture, repair, overhaul, servicing, and hire of underground mining and ancillary equipment, together with sales of mining-related consumables and spare parts. The Engineering segment, which derives maximum revenue for the company, is involved in heavy steel fabrication, site installation works, and site-based maintenance; and the Other segment represents head office and ancillary businesses, including protective coatings and transport.
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