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.
AML3DASX:AL3 -8.00%49 Net-Net Working Capital is A$0.04 as of Dec. 2025. GuruFocus rates ASX:AL3 with a GF Score™ of 49/100 and a GF Value™ of A$0.08 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,360 Industrial Products companies, AML3D ranks better than 81.69% 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.
AML3D's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$0.04.
The industry rank for AML3D's Net-Net Working Capital or its related term are showing as below:
ASX:AL3's Price-to-Net-Net-Working-Capital is ranked better than 81.69% of 1360
companies
in the Industrial Products industry
Industry Median: 7.86
vs ASX:AL3: 2.88
AML3D (ASX:AL3) 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.
AML3D Net-Net Working Capital Related Terms
AML3D Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for AML3D'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:AL3 vs CRS, ATI, MLI: Net-Net Working Capital Comparison
For the Metal Fabrication subindustry, AML3D'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.
AML3D Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, AML3D's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where AML3D'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$0.04 mean?
AML3D (ASX:AL3) has a Net-Net Working Capital of A$0.04 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 AML3D According to the industry distribution chart, AML3D ranks #249 out of 1360 companies in the Industrial Products industry, placing it in the top 18.3%.
Is AML3D's Net-Net Working Capital too high?
AML3D's current Net-Net Working Capital is A$0.04. Based on the distribution chart, AML3D ranks #249 out of 1360 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, AML3D has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AML3D's Net-Net Working Capital compare to CRS and ATI?
According to the Industrial Products industry distribution chart, AML3D ranks #249 out of 1360 companies for Net-Net Working Capital. This places AML3D in the top 18% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.86. 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 Industrial Products company?
The median Net-Net Working Capital among Industrial Products companies is 7.86, based on 1,360 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 AML3D For the Industrial Products industry, the median Net-Net Working Capital is 7.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AML3D's current Net-Net Working Capital is A$0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AML3D stock overvalued right now?
Based on GuruFocus' analysis, AML3D (ASX:AL3) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.08, compared to a current price of A$0.12 — trading 43.8% above its estimated fair value. The current Net-Net Working Capital is A$0.04. AML3D's overall GF Score™ is 49/100 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 AML3D (ASX:AL3), the current Net-Net Working Capital is A$0.04 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 AML3D (ASX:AL3) Overvalued in 2026?
Based on GuruFocus' analysis, AML3D stock appears to be overvalued.
The current stock price of A$0.12 is trading 43.8% above its estimated GF Value™ of A$0.08.
GuruFocus considers AML3D to be Significantly Overvalued.
Key valuation signals for ASX:AL3:
Net-Net Working Capital: A$0.04
GF Value™: A$0.08 vs. price of A$0.12 (43.8% above fair value)
No single metric tells the full story. See the ASX:AL3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AML3D Ltd is engaged in the design and construction of 3D parts using Wire Additive Manufacturing technology and developing that technology. It combines the state of the art welding science, robotics technology, metallurgy, and CAD software design to produce an automated 3D printing system operating in a freeform environment. Geographically, it derives a majority of its revenue from Australia and also has a presence in Singapore; the United States, and other countries.
49GF Score
Get the complete analysis for ASX:AL3
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
ASX:AL3 has been successfully added to your 
