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Black Bear MineralsASX:BKB -6.36%14 Net-Net Working Capital is A$0.00 as of Dec. 2025. GuruFocus rates ASX:BKB with a GF Score™ of 14/100. Among 1,124 Metals & Mining companies, Black Bear Minerals ranks worse than 80.6% 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.
Black Bear Minerals's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$0.00.
The industry rank for Black Bear Minerals's Net-Net Working Capital or its related term are showing as below:
ASX:BKB's Price-to-Net-Net-Working-Capital is ranked worse than 80.6% of 1124
companies
in the Metals & Mining industry
Industry Median: 7.04
vs ASX:BKB: 17.17
Black Bear Minerals (ASX:BKB) 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.
Black Bear Minerals Net-Net Working Capital Related Terms
Black Bear Minerals Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Black Bear Minerals'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.
Black Bear Minerals Net-Net Working Capital Chart
Black Bear Minerals Annual Data
Trend
Jun24
Jun25
Net-Net Working Capital
0.03
0.03
Black Bear Minerals Semi-Annual Data
Dec23
Jun24
Dec24
Jun25
Dec25
Net-Net Working Capital
0.05
0.03
0.06
0.03
0.00
Black Bear Minerals Net-Net Working Capital Competitor Comparison
For the Other Industrial Metals & Mining subindustry, Black Bear Minerals'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.
Black Bear Minerals Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Black Bear Minerals's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Black Bear Minerals'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$0.00 mean?
Black Bear Minerals (ASX:BKB) has a Net-Net Working Capital of A$0.00 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 Black Bear Minerals According to the industry distribution chart, Black Bear Minerals ranks #906 out of 1124 companies in the Metals & Mining industry, placing it in the top 80.6%.
Is Black Bear Minerals' Net-Net Working Capital too high?
Black Bear Minerals' current Net-Net Working Capital is A$0.00. Based on the distribution chart, Black Bear Minerals ranks #906 out of 1124 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Black Bear Minerals has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Black Bear Minerals' Net-Net Working Capital compare to competitors?
According to the Metals & Mining industry distribution chart, Black Bear Minerals ranks #906 out of 1124 companies for Net-Net Working Capital. This places Black Bear Minerals in the lower half of its industry. The industry median Net-Net Working Capital is 7.04. 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 7.04, based on 1,124 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 Black Bear Minerals For the Metals & Mining industry, the median Net-Net Working Capital is 7.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Bear Minerals's current Net-Net Working Capital is A$0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Bear Minerals stock overvalued right now?
Black Bear Minerals (ASX:BKB) has a current Net-Net Working Capital of A$0.00. The current Net-Net Working Capital is A$0.00. Black Bear Minerals' overall GF Score™ is 14/100. 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 Black Bear Minerals (ASX:BKB), the current Net-Net Working Capital is A$0.00 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.
Black Bear Minerals Ltd is an exploration and development company strategically focused on high-grade silver and gold projects within Tier-1 mining jurisdictions in North America. The company's core focus is driven by the rising demand for domestic supply of precious metals, particularly silver, a designated U.S. Critical Mineral. The company operates in two key assets: the Shafter Silver Project in Texas and the Independence Gold Project in Nevada. The Shafter Silver Project is permitted asset hosting 17.5 Moz of silver at 289 g/t, supported by existing mine and processing infrastructure. The Independence Gold Project, where a JORC resource was reported at 4.59 Mt @ 6.67 g/t Au for 984 koz Au (skarn) and 419 koz of near-surface gold has been outlined, highlights growth potential.
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