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Omega Oil & GasASX:OMA -4.63%27 Net-Net Working Capital is A$0.10 as of Dec. 2025. GuruFocus rates ASX:OMA with a GF Score™ of 27/100. The stock has 4 warning signs investors should review. Among 194 Oil & Gas companies, Omega Oil & Gas ranks better than 52.06% 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.
Omega Oil & Gas's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$0.10.
The industry rank for Omega Oil & Gas's Net-Net Working Capital or its related term are showing as below:
ASX:OMA's Price-to-Net-Net-Working-Capital is ranked better than 52.06% of 194
companies
in the Oil & Gas industry
Industry Median: 6.28
vs ASX:OMA: 5.15
Omega Oil & Gas (ASX:OMA) 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.
Omega Oil & Gas Net-Net Working Capital Related Terms
Omega Oil & Gas Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Omega Oil & Gas'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:OMA vs COP, EOG, FANG: Net-Net Working Capital Comparison
For the Oil & Gas E&P subindustry, Omega Oil & Gas'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.
Omega Oil & Gas Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Omega Oil & Gas's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Omega Oil & Gas'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$0.10 mean?
Omega Oil & Gas (ASX:OMA) has a Net-Net Working Capital of A$0.10 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 Omega Oil & Gas According to the industry distribution chart, Omega Oil & Gas ranks #93 out of 194 companies in the Oil & Gas industry, placing it in the top 47.9%.
Is Omega Oil & Gas' Net-Net Working Capital too high?
Omega Oil & Gas' current Net-Net Working Capital is A$0.10. Based on the distribution chart, Omega Oil & Gas ranks #93 out of 194 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Omega Oil & Gas has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does Omega Oil & Gas' Net-Net Working Capital compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Omega Oil & Gas ranks #93 out of 194 companies for Net-Net Working Capital. This puts Omega Oil & Gas in the upper half of its industry. The industry median Net-Net Working Capital is 6.28. 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 Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.28, based on 194 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 Omega Oil & Gas For the Oil & Gas industry, the median Net-Net Working Capital is 6.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Omega Oil & Gas's current Net-Net Working Capital is A$0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Omega Oil & Gas stock overvalued right now?
Omega Oil & Gas (ASX:OMA) has a current Net-Net Working Capital of A$0.10. The current Net-Net Working Capital is A$0.10. Omega Oil & Gas' overall GF Score™ is 27/100 with 4 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 Omega Oil & Gas (ASX:OMA), the current Net-Net Working Capital is A$0.10 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.
Omega Oil & Gas Ltd is an Australian exploration company unlocking oil and gas resources in Queensland's Taroom Trough, an emerging energy frontier. The company is advancing the Canyon Project within this under-explored region of the south Bowen Basin. Appraisal activities include drilling and fracture stimulation of the Canyon-1H well, and data acquisition at Canyon-2 confirming an extensive petroleum system. The company holds 100% interest in Authority to Prospect 2037 and 2038 located west of Tara. It is also conducting a strategic review of the Bennett Oil project in Petroleum Lease 17 near the Surat Basin and engaging with potential farm-in partners.
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