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.
United Overseas Australia's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$-0.27.
The industry rank for United Overseas Australia's Net-Net Working Capital or its related term are showing as below:
ASX:UOS's Price-to-Net-Net-Working-Capital is not ranked *
in the Real Estate industry.
Industry Median: 4.76 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
United Overseas Australia (ASX:UOS) 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.
United Overseas Australia Net-Net Working Capital Related Terms
United Overseas Australia Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for United Overseas Australia'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.
United Overseas Australia Net-Net Working Capital Chart
United Overseas Australia Net-Net Working Capital Competitor Comparison
For the Real Estate - Development subindustry, United Overseas Australia'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.
United Overseas Australia Price-to-Net-Net-Working-Capital vs Real Estate Industry
For the Real Estate industry and Real Estate sector, United Overseas Australia's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where United Overseas Australia'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$-0.27 mean?
United Overseas Australia (ASX:UOS) has a Net-Net Working Capital of A$-0.27 as of Dec. 2025. Ben Graham defined net-net working capital as the per-share sum of cash, 75% of receivables and 50% of inventory less total liabilities. View historical data on United Overseas Australia According to the industry distribution chart, United Overseas Australia ranks #999999 out of 329 companies in the Real Estate industry.
Is United Overseas Australia's Net-Net Working Capital too high?
United Overseas Australia's current Net-Net Working Capital is A$-0.27. Based on the distribution chart, United Overseas Australia ranks #999999 out of 329 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, United Overseas Australia has a GF Score™ of 59/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Overseas Australia's Net-Net Working Capital compare to competitors?
According to the Real Estate industry distribution chart, United Overseas Australia ranks #999999 out of 329 companies for Net-Net Working Capital. This places United Overseas Australia in the lower half of its industry. The industry median Net-Net Working Capital is 4.76. 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 Real Estate company?
The median Net-Net Working Capital among Real Estate companies is 4.76, based on 329 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 United Overseas Australia For the Real Estate industry, the median Net-Net Working Capital is 4.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Overseas Australia's current Net-Net Working Capital is A$-0.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Overseas Australia stock overvalued right now?
Based on GuruFocus' analysis, United Overseas Australia (ASX:UOS) is currently considered Modestly Undervalued. The stock's GF Value™ is A$0.93, compared to a current price of A$0.67 — trading 28% below its estimated fair value. The current Net-Net Working Capital is A$-0.27. United Overseas Australia's overall GF Score™ is 59/100 with 2 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 United Overseas Australia (ASX:UOS), the current Net-Net Working Capital is A$-0.27 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 United Overseas Australia (ASX:UOS) Overvalued in 2026?
Based on GuruFocus' analysis, United Overseas Australia stock appears to be undervalued.
The current stock price of A$0.67 is trading 28% below its estimated GF Value™ of A$0.93.
GuruFocus considers United Overseas Australia to be Modestly Undervalued.
Key valuation signals for ASX:UOS:
Net-Net Working Capital: A$-0.27
GF Value™: A$0.93 vs. price of A$0.67 (28% below fair value)
No single metric tells the full story. See the ASX:UOS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Overseas Australia Ltd is a real estate development company. It is focused on the Development and resale of land and buildings, Investment in the form of rental properties, and others. The operating segments of the company are Investment, Land development & Resale, and Others. Its Investment segment includes the holding of investment properties to generate rental income, capital appreciation, or both. The land development and resale segment, which derives maximum revenue includes the development, construction, and sale of residential and commercial properties. The other segment includes operations of hotel and food and beverage outlets, provision of facilities support services, and car park operations.
59GF Score
Get the complete analysis for ASX:UOS
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:UOS has been successfully added to your 
