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Excelsior CapitalASX:ECL +0.55%47 Net-Net Working Capital is A$3.57 as of Dec. 2025. GuruFocus rates ASX:ECL with a GF Score™ of 47/100. The stock has 3 warning signs investors should review. Among 1,362 Industrial Products companies, Excelsior Capital ranks better than 99.63% 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.
Excelsior Capital's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$3.57.
The industry rank for Excelsior Capital's Net-Net Working Capital or its related term are showing as below:
ASX:ECL's Price-to-Net-Net-Working-Capital is ranked better than 99.63% of 1362
companies
in the Industrial Products industry
Industry Median: 8.12
vs ASX:ECL: 0.26
Excelsior Capital (ASX:ECL) 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.
Excelsior Capital Net-Net Working Capital Related Terms
Excelsior Capital Net-Net Working Capital Historical Data
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The historical data trend for Excelsior Capital'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:ECL vs VRT, BE, HUBB: Net-Net Working Capital Comparison
For the Electrical Equipment & Parts subindustry, Excelsior Capital'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.
Excelsior Capital Price-to-Net-Net-Working-Capital vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Excelsior Capital's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Excelsior Capital'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$3.57 mean?
Excelsior Capital (ASX:ECL) has a Net-Net Working Capital of A$3.57 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 Excelsior Capital According to the industry distribution chart, Excelsior Capital ranks #5 out of 1362 companies in the Industrial Products industry, placing it in the top 0.40000000000001%.
Is Excelsior Capital's Net-Net Working Capital too high?
Excelsior Capital's current Net-Net Working Capital is A$3.57. Based on the distribution chart, Excelsior Capital ranks #5 out of 1362 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Excelsior Capital has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Excelsior Capital's Net-Net Working Capital compare to VRT and BE?
According to the Industrial Products industry distribution chart, Excelsior Capital ranks #5 out of 1362 companies for Net-Net Working Capital. This places Excelsior Capital in the top 0% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 8.12. 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 8.12, based on 1,362 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 Excelsior Capital For the Industrial Products industry, the median Net-Net Working Capital is 8.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Excelsior Capital's current Net-Net Working Capital is A$3.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Excelsior Capital stock overvalued right now?
Excelsior Capital (ASX:ECL) has a current Net-Net Working Capital of A$3.57. The current Net-Net Working Capital is A$3.57. Excelsior Capital's overall GF Score™ is 47/100 with 3 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 Excelsior Capital (ASX:ECL), the current Net-Net Working Capital is A$3.57 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.
Excelsior Capital Ltd operates in the investment industry, predominately investment in managed investment funds and trusts. This segment represents direct and indirect investing in listed and unlisted equity instruments, hybrid notes, quoted debt instruments and or investment trusts to achieve long term income returns and capital appreciation.
47GF Score
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