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Silex SystemsASX:SLX -5.28%56 Net-Net Working Capital is A$0.73 as of Dec. 2025. GuruFocus rates ASX:SLX with a GF Score™ of 56/100 and a GF Value™ of A$8.37 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 535 Semiconductors companies, Silex Systems ranks better than 66.73% 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.
Silex Systems's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$0.73.
The industry rank for Silex Systems's Net-Net Working Capital or its related term are showing as below:
ASX:SLX's Price-to-Net-Net-Working-Capital is ranked better than 66.73% of 535
companies
in the Semiconductors industry
Industry Median: 11.89
vs ASX:SLX: 6.38
Silex Systems (ASX:SLX) 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.
Silex Systems Net-Net Working Capital Related Terms
Silex Systems Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Silex Systems'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:SLX vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Silex Systems'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.
Silex Systems Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Silex Systems's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Silex Systems'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$0.73 mean?
Silex Systems (ASX:SLX) has a Net-Net Working Capital of A$0.73 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 Silex Systems According to the industry distribution chart, Silex Systems ranks #178 out of 535 companies in the Semiconductors industry, placing it in the top 33.3%.
Is Silex Systems' Net-Net Working Capital too high?
Silex Systems' current Net-Net Working Capital is A$0.73. Based on the distribution chart, Silex Systems ranks #178 out of 535 companies in the Semiconductors industry, which is above the industry midpoint. Overall, Silex Systems has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Silex Systems' Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Silex Systems ranks #178 out of 535 companies for Net-Net Working Capital. This puts Silex Systems in the upper half of its industry. The industry median Net-Net Working Capital is 11.89. 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 Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 11.89, based on 535 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 Silex Systems For the Semiconductors industry, the median Net-Net Working Capital is 11.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Silex Systems's current Net-Net Working Capital is A$0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Silex Systems stock overvalued right now?
Based on GuruFocus' analysis, Silex Systems (ASX:SLX) is currently considered Possible Value Trap. The stock's GF Value™ is A$8.37, compared to a current price of A$4.66 — trading 44.3% below its estimated fair value. The current Net-Net Working Capital is A$0.73. Silex Systems' overall GF Score™ is 56/100 with 1 warning sign 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 Silex Systems (ASX:SLX), the current Net-Net Working Capital is A$0.73 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 Silex Systems (ASX:SLX) Overvalued in 2026?
Based on GuruFocus' analysis, Silex Systems stock appears to be undervalued.
The current stock price of A$4.66 is trading 44.3% below its estimated GF Value™ of A$8.37.
GuruFocus considers Silex Systems to be Possible Value Trap.
Key valuation signals for ASX:SLX:
Net-Net Working Capital: A$0.73
GF Value™: A$8.37 vs. price of A$4.66 (44.3% below fair value)
No single metric tells the full story. See the ASX:SLX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Silex Systems Ltd is an Australian research and development company. The company focused on the development of the SILEX laser uranium enrichment technology as the next-generation technology for the uranium enrichment industry. The company's operating segment includes Silex Systems; Silex USA, and Translucent. It generates maximum revenue from the Silex Systems segment.
56GF Score
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