AXEL REEASX:AXL +9.26% Net-Net Working Capital is A$0.04 as of Dec. 2025. Among 1,117 Metals & Mining companies, AXEL REE ranks better than 95.43% 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.
AXEL REE's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$0.04.
The industry rank for AXEL REE's Net-Net Working Capital or its related term are showing as below:
ASX:AXL's Price-to-Net-Net-Working-Capital is ranked better than 95.43% of 1117
companies
in the Metals & Mining industry
Industry Median: 7.33
vs ASX:AXL: 1.48
AXEL REE (ASX:AXL) 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.
AXEL REE Net-Net Working Capital Related Terms
AXEL REE Net-Net Working Capital Historical Data
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The historical data trend for AXEL REE'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.
AXEL REE Net-Net Working Capital Chart
AXEL REE Annual Data
Trend
Jun24
Jun25
Net-Net Working Capital
0.00
0.05
AXEL REE Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Net-Net Working Capital
0.08
0.00
0.06
0.05
0.04
AXEL REE Net-Net Working Capital Competitor Comparison
For the Other Industrial Metals & Mining subindustry, AXEL REE'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.
AXEL REE Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, AXEL REE's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where AXEL REE'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?
AXEL REE (ASX:AXL) 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 AXEL REE According to the industry distribution chart, AXEL REE ranks #51 out of 1117 companies in the Metals & Mining industry, placing it in the top 4.6%.
Is AXEL REE's Net-Net Working Capital too high?
AXEL REE's current Net-Net Working Capital is A$0.04. Based on the distribution chart, AXEL REE ranks #51 out of 1117 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers.
How does AXEL REE's Net-Net Working Capital compare to competitors?
According to the Metals & Mining industry distribution chart, AXEL REE ranks #51 out of 1117 companies for Net-Net Working Capital. This places AXEL REE in the top 5% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 7.33. 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 Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 7.33, based on 1,117 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 AXEL REE 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. AXEL REE'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 AXEL REE stock overvalued right now?
AXEL REE (ASX:AXL) has a current Net-Net Working Capital of A$0.04. The current Net-Net Working Capital is A$0.04. 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 AXEL REE (ASX:AXL), 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.
AXEL REE Ltd is a pioneering exploration and development company focused on Rare Earth Elements in Brazil. The company is engaged in exploring and developing mineral resource opportunities and holds an interest in four projects across Brazil. These projects include the Caladao Project in northern Minas Gerais State, the Caldas Project bordering Sao Paulo in southern Minas Gerais State, the Itiquira Project in Mato Grosso State, and the Corrente Project in Piaui State. The company mainly operates in mineral exploration within Australia and Brazil.
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