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Advance MetalsASX:AVM Net-Net Working Capital is A$0.02 as of Dec. 2025. The stock has 1 warning sign investors should review. Among 179 Steel companies, Advance Metals ranks better than 58.1% 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.
Advance Metals's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$0.02.
The industry rank for Advance Metals's Net-Net Working Capital or its related term are showing as below:
ASX:AVM's Price-to-Net-Net-Working-Capital is ranked better than 58.1% of 179
companies
in the Steel industry
Industry Median: 4.33
vs ASX:AVM: 3.30
Advance Metals (ASX:AVM) 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.
Advance Metals Net-Net Working Capital Related Terms
Advance Metals Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Advance Metals'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:AVM vs HCC, AMR, METC: Net-Net Working Capital Comparison
For the Coking Coal subindustry, Advance Metals'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.
Advance Metals Price-to-Net-Net-Working-Capital vs Steel Industry
For the Steel industry and Basic Materials sector, Advance Metals's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Advance Metals'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$0.02 mean?
Advance Metals (ASX:AVM) has a Net-Net Working Capital of A$0.02 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 Advance Metals According to the industry distribution chart, Advance Metals ranks #75 out of 179 companies in the Steel industry, placing it in the top 41.9%.
Is Advance Metals' Net-Net Working Capital too high?
Advance Metals' current Net-Net Working Capital is A$0.02. Based on the distribution chart, Advance Metals ranks #75 out of 179 companies in the Steel industry, which is above the industry midpoint.
How does Advance Metals' Net-Net Working Capital compare to HCC and AMR?
According to the Steel industry distribution chart, Advance Metals ranks #75 out of 179 companies for Net-Net Working Capital. This puts Advance Metals in the upper half of its industry. The industry median Net-Net Working Capital is 4.33. 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 Steel company?
The median Net-Net Working Capital among Steel companies is 4.33, based on 179 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 Advance Metals For the Steel industry, the median Net-Net Working Capital is 4.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Advance Metals's current Net-Net Working Capital is A$0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Advance Metals stock overvalued right now?
Advance Metals (ASX:AVM) has a current Net-Net Working Capital of A$0.02. The current Net-Net Working Capital is A$0.02. 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 Advance Metals (ASX:AVM), the current Net-Net Working Capital is A$0.02 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.
Advance Metals Ltd is a Australia-based mineral exploration company engaged in investment in renewable energy and coal exploration. It holds coal licenses for exploration in the coking coal regions of Kootenay in British Columbia and applications for exploration licenses in the metallurgical coal region of the Arkoma Basin in Oklahoma. The Group has only two reportable segments, being the geographic location of assets in Canada and Australia. The company plans to develop a portfolio of projects that support the green economy through the discovery and delivery of commodities that promote electrification and decarbonization.
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