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New HopeASX:NHC +2.43%67 Net-Net Working Capital is A$-0.12 as of Jan. 2026. GuruFocus rates ASX:NHC with a GF Score™ of 67/100 and a GF Value™ of A$4.07 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 65 Other Energy Sources companies, New Hope ranks worse than 1538460% on this metric.
In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.
New Hope's Net-Net Working Capital for the quarter that ended in Jan. 2026 was A$-0.12.
The industry rank for New Hope's Net-Net Working Capital or its related term are showing as below:
ASX:NHC's Price-to-Net-Net-Working-Capital is not ranked *
in the Other Energy Sources industry.
Industry Median: 7.28 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
New Hope (ASX:NHC) 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.
New Hope Net-Net Working Capital Related Terms
New Hope Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for New Hope'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.
New Hope Net-Net Working Capital Competitor Comparison
For the Thermal Coal subindustry, New Hope'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.
New Hope Price-to-Net-Net-Working-Capital vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, New Hope's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where New Hope'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$-0.12 mean?
New Hope (ASX:NHC) has a Net-Net Working Capital of A$-0.12 as of Jan. 2026. 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 New Hope According to the industry distribution chart, New Hope ranks #999999 out of 65 companies in the Other Energy Sources industry.
Is New Hope's Net-Net Working Capital too high?
New Hope's current Net-Net Working Capital is A$-0.12. Based on the distribution chart, New Hope ranks #999999 out of 65 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, New Hope has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does New Hope's Net-Net Working Capital compare to competitors?
According to the Other Energy Sources industry distribution chart, New Hope ranks #999999 out of 65 companies for Net-Net Working Capital. This places New Hope in the lower half of its industry. The industry median Net-Net Working Capital is 7.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for an Other Energy Sources company?
The median Net-Net Working Capital among Other Energy Sources companies is 7.28, based on 65 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on New Hope For the Other Energy Sources industry, the median Net-Net Working Capital is 7.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. New Hope's current Net-Net Working Capital is A$-0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is New Hope stock overvalued right now?
Based on GuruFocus' analysis, New Hope (ASX:NHC) is currently considered Significantly Overvalued. The stock's GF Value™ is A$4.07, compared to a current price of A$5.49 — trading 34.9% above its estimated fair value. The current Net-Net Working Capital is A$-0.12. New Hope's overall GF Score™ is 67/100 with 6 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 New Hope (ASX:NHC), the current Net-Net Working Capital is A$-0.12 as of Jan. 2026. 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 New Hope (ASX:NHC) Overvalued in 2026?
Based on GuruFocus' analysis, New Hope stock appears to be overvalued.
The current stock price of A$5.49 is trading 34.9% above its estimated GF Value™ of A$4.07.
GuruFocus considers New Hope to be Significantly Overvalued.
Key valuation signals for ASX:NHC:
Net-Net Working Capital: A$-0.12
GF Value™: A$4.07 vs. price of A$5.49 (34.9% above fair value)
No single metric tells the full story. See the ASX:NHC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
New Hope Corporation is an Australian thermal coal miner. It has two operating mines: the 100%-owned New Acland coal mine in Queensland and its 80%-owned Bengalla coal mine in New South Wales. The company should sell around 13 million metric tons of thermal coal annually from fiscal 2028, up from around 10.5 million in fiscal 2025, driven by the construction and ramp up of New Acland Stage 3. The vast majority of New Hope's production is sold into seaborne thermal coal export markets. Reserves at New Acland and Bengalla are sufficient to support multidecade mine lives. New Hope also has significant undeveloped coal resources in Queensland, as well as a 23% holding in the Malabar-Maxwell metallurgical coal mine, which began production in 2023.
67GF Score
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