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Smart ParkingASX:SPZ -1.41%91 Net-Net Working Capital is A$0.00 as of Dec. 2025. GuruFocus rates ASX:SPZ with a GF Score™ of 91/100 and a GF Value™ of A$1.14 (Significantly Undervalued). Among 484 Construction companies, Smart Parking ranks worse than 206611.36% 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.
Smart Parking's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$0.00.
The industry rank for Smart Parking's Net-Net Working Capital or its related term are showing as below:
ASX:SPZ's Price-to-Net-Net-Working-Capital is not ranked *
in the Construction industry.
Industry Median: 6.07 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Smart Parking (ASX:SPZ) 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.
Smart Parking Net-Net Working Capital Related Terms
Smart Parking Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Smart Parking'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.
Smart Parking Net-Net Working Capital Competitor Comparison
For the Infrastructure Operations subindustry, Smart Parking'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.
Smart Parking Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Smart Parking's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Smart Parking'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$0.00 mean?
Smart Parking (ASX:SPZ) has a Net-Net Working Capital of A$0.00 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 Smart Parking According to the industry distribution chart, Smart Parking ranks #999999 out of 484 companies in the Construction industry.
Is Smart Parking's Net-Net Working Capital too high?
Smart Parking's current Net-Net Working Capital is A$0.00. Based on the distribution chart, Smart Parking ranks #999999 out of 484 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Smart Parking has a GF Score™ of 91/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Smart Parking's Net-Net Working Capital compare to competitors?
According to the Construction industry distribution chart, Smart Parking ranks #999999 out of 484 companies for Net-Net Working Capital. This places Smart Parking in the lower half of its industry. The industry median Net-Net Working Capital is 6.07. 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.07, based on 484 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 Smart Parking For the Construction industry, the median Net-Net Working Capital is 6.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Smart Parking's current Net-Net Working Capital is A$0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Smart Parking stock overvalued right now?
Based on GuruFocus' analysis, Smart Parking (ASX:SPZ) is currently considered Significantly Undervalued. The stock's GF Value™ is A$1.14, compared to a current price of A$0.70 — trading 38.6% below its estimated fair value. The current Net-Net Working Capital is A$0.00. Smart Parking's overall GF Score™ is 91/100. 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 Smart Parking (ASX:SPZ), the current Net-Net Working Capital is A$0.00 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 Smart Parking (ASX:SPZ) Overvalued in 2026?
Based on GuruFocus' analysis, Smart Parking stock appears to be undervalued.
The current stock price of A$0.70 is trading 38.6% below its estimated GF Value™ of A$1.14.
GuruFocus considers Smart Parking to be Significantly Undervalued.
Key valuation signals for ASX:SPZ:
Net-Net Working Capital: A$0.00
GF Value™: A$1.14 vs. price of A$0.70 (38.6% below fair value)
No single metric tells the full story. See the ASX:SPZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Smart Parking Ltd engages in the provision of design, development, and management of parking technology. It operates through three segments. The Technology segment consists of the sale of Smart City and IoT technology products and solutions predominantly to the parking market globally; the Parking Management segment, which is the key revenue driver, consists of the provision of car parking management services on behalf of third party car park owners and on sites leased by the company and managed on its own behalf in the UK; and Research and Development segment includes costs to research, develop and enhance software/hardware for both the Technology and Parking Management divisions. Geographically, it has presence in North America; UK and Europe; Asia, and Australia.
91GF Score
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