Weebit Nano (ASX:WBT) Net-Net Working Capital: A$0.31 (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:WBT Weebit Nano Ltd ASX:WBT
18 GF Score
Price A$4.49
! 2 Warning Signs
View Full Analysis

What is Weebit Nano Net-Net Working Capital?

Weebit Nano ASX:WBT +2.51% 18 Net-Net Working Capital is A$0.31 as of Dec. 2025. GuruFocus rates ASX:WBT with a GF Score™ of 18/100. The stock has 2 warning signs investors should review. Among 532 Semiconductors companies, Weebit Nano ranks worse than 57.14% 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.

Weebit Nano's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$0.31.

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

ASX:WBT's Price-to-Net-Net-Working-Capital is ranked worse than
57.14% of 532 companies
in the Semiconductors industry
Industry Median: 11.565 vs ASX:WBT: 14.48

Weebit Nano  (ASX:WBT) 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.


Weebit Nano Net-Net Working Capital Related Terms


Weebit Nano Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Weebit Nano'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.

Weebit Nano Net-Net Working Capital Chart

Weebit Nano Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.28 0.44 0.31 0.39

Weebit Nano 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 0.36 0.31 0.45 0.39 0.31

ASX:WBT vs NVDA, AVGO, MU: Net-Net Working Capital Comparison

For the Semiconductors subindustry, Weebit Nano'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.


Weebit Nano Price-to-Net-Net-Working-Capital vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Weebit Nano's Price-to-Net-Net-Working-Capital distribution charts can be found below:

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


ASX:WBT
18GF Score
Weebit Nano Ltd ASX:WBT
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Weebit Nano Net-Net Working Capital Calculation

Weebit Nano's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Jun. 2025 is calculated as

Net-Net Working Capital(A: Jun. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(88.307+0.75 * 0+0.5 * 0-6.768
-0-0)/208.416
=0.39

Weebit Nano'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)
=(82.779+0.75 * 3.726+0.5 * 0-20.647
-0-0)/210.456
=0.31

* 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$0.31 mean?
Weebit Nano (ASX:WBT) has a Net-Net Working Capital of A$0.31 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 Weebit Nano According to the industry distribution chart, Weebit Nano ranks #304 out of 532 companies in the Semiconductors industry, placing it in the top 57.1%.
Is Weebit Nano's Net-Net Working Capital too high?
Weebit Nano's current Net-Net Working Capital is A$0.31. Based on the distribution chart, Weebit Nano ranks #304 out of 532 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Weebit Nano has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does Weebit Nano's Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Weebit Nano ranks #304 out of 532 companies for Net-Net Working Capital. This places Weebit Nano in the lower half of its industry. The industry median Net-Net Working Capital is 11.57. 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 11.57, based on 532 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 Weebit Nano For the Semiconductors industry, the median Net-Net Working Capital is 11.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Weebit Nano's current Net-Net Working Capital is A$0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Weebit Nano stock overvalued right now?
Weebit Nano (ASX:WBT) has a current Net-Net Working Capital of A$0.31. The current Net-Net Working Capital is A$0.31. Weebit Nano's overall GF Score™ is 18/100 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 Weebit Nano (ASX:WBT), the current Net-Net Working Capital is A$0.31 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.

Weebit Nano Business Description

Other Exchanges WBTNF:USA6RI:Germany
Address 161 Castlereagh Street, Liberty Place, Level 41, Sydney, NSW, AUS, 2000
Weebit Nano Ltd is a developer and licensor of semiconductor memory technology. The company's Resistive RAM (ReRAM) addresses the growing need for significantly higher performance and lower power memory solutions in a range of new electronic products such as Internet of Things (IoT) devices, smartphones, robotics, autonomous vehicles, 5G communications and artificial intelligence. Weebit ReRAM is designed to enable semiconductor memory elements to be significantly faster, less expensive, more reliable and more energy efficient than those using existing flash memory solutions.
18GF Score

Get the complete analysis for ASX:WBT

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

A$4.49
Price