oOh media (ASX:OML) Net-Net Working Capital: A$-1.96 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:OML oOh media Ltd ASX:OML
82 GF Score
Price A$1.55
GF Value A$1.68
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is oOh media Net-Net Working Capital?

oOh media ASX:OML +0.65% 82 Net-Net Working Capital is A$-1.96 as of Dec. 2025. GuruFocus rates ASX:OML with a GF Score™ of 82/100 and a GF Value™ of A$1.68 (Fairly Valued). The stock has 7 warning signs investors should review. Among 382 Media - Diversified companies, oOh media ranks worse than 261779.84% 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.

oOh media's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$-1.96.

The industry rank for oOh media's Net-Net Working Capital or its related term are showing as below:

ASX:OML's Price-to-Net-Net-Working-Capital is not ranked *
in the Media - Diversified industry.
Industry Median: 4.355
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

oOh media  (ASX:OML) 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.


oOh media Net-Net Working Capital Related Terms


oOh media Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for oOh media'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.

oOh media Net-Net Working Capital Chart

oOh media Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.81 -1.37 -1.47 -1.73 -1.96

oOh media Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.47 -1.67 -1.73 -1.74 -1.96

ASX:OML vs APP, OMC, TTD: Net-Net Working Capital Comparison

For the Advertising Agencies subindustry, oOh media'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.


oOh media Price-to-Net-Net-Working-Capital vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, oOh media's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where oOh media's Price-to-Net-Net-Working-Capital falls into.


ASX:OML
82GF Score
oOh media Ltd ASX:OML
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

oOh media Net-Net Working Capital Calculation

oOh media's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(18.257+0.75 * 121.646+0.5 * 1.528-1165.97
-0--0.905)/538.781
=-1.96

oOh media's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(18.257+0.75 * 121.646+0.5 * 1.528-1165.97
-0--0.905)/538.781
=-1.96

* 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$-1.96 mean?
oOh media (ASX:OML) has a Net-Net Working Capital of A$-1.96 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 oOh media According to the industry distribution chart, oOh media ranks #999999 out of 382 companies in the Media - Diversified industry.
Is oOh media's Net-Net Working Capital too high?
oOh media's current Net-Net Working Capital is A$-1.96. Based on the distribution chart, oOh media ranks #999999 out of 382 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, oOh media has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does oOh media's Net-Net Working Capital compare to APP and OMC?
According to the Media - Diversified industry distribution chart, oOh media ranks #999999 out of 382 companies for Net-Net Working Capital. This places oOh media in the lower half of its industry. The industry median Net-Net Working Capital is 4.36. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net-Net Working Capital for a Media - Diversified company?
The median Net-Net Working Capital among Media - Diversified companies is 4.36, based on 382 companies in the industry. Companies in the top quartile (top 25%) have a Net-Net Working Capital significantly above this median, while those in the bottom quartile fall well below. However, Net-Net Working Capital should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net-Net Working Capital mean?
A high Net-Net Working Capital can signal that a stock is expensive relative to its fundamentals. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on oOh media For the Media - Diversified industry, the median Net-Net Working Capital is 4.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. oOh media's current Net-Net Working Capital is A$-1.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is oOh media stock overvalued right now?
Based on GuruFocus' analysis, oOh media (ASX:OML) is currently considered Fairly Valued. The stock's GF Value™ is A$1.68, compared to a current price of A$1.55 — trading 7.7% below its estimated fair value. The current Net-Net Working Capital is A$-1.96. oOh media's overall GF Score™ is 82/100 with 7 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 oOh media (ASX:OML), the current Net-Net Working Capital is A$-1.96 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.

Is oOh media (ASX:OML) Overvalued in 2026?

Based on GuruFocus' analysis, oOh media stock appears to be undervalued. The current stock price of A$1.55 is trading 7.7% below its estimated GF Value™ of A$1.68. GuruFocus considers oOh media to be Fairly Valued.

Key valuation signals for ASX:OML:

  • Net-Net Working Capital: A$-1.96
  • GF Value™: A$1.68 vs. price of A$1.55 (7.7% below fair value)
  • GF Score™: 82/100 with 7 warning signs

No single metric tells the full story. See the ASX:OML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


oOh media Business Description

Other Exchanges OMLAF:USA0OH:Germany
Address 73 Miller Street, Level 2, North Sydney, Sydney, NSW, AUS, 2060
OOh media operates a network of out-of-home advertising sites with a commanding 35% share of the Australian market, and also has a sizable presence in New Zealand. It boasts a diverse portfolio of locations to service the needs of out-of-home marketers, and is particularly strong in the roadside billboard, street furniture and rail, and retail (shopping malls) segments. OOh!media offers these advertising services by entering into space lease arrangements with owners of out-of-home sites, and extracting margins on those lease concessions from firms advertising on those sites. oOh!media is effectively an intermediary allowing site owners to monetize their visible space in high-traffic areas.
82GF Score

Get the complete analysis for ASX:OML

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$1.55
Price
A$1.68
GF Value