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Western Mines GroupASX:WMG -2.78%23 Net-Net Working Capital is A$0.02 as of Dec. 2025. GuruFocus rates ASX:WMG with a GF Score™ of 23/100. Among 1,140 Metals & Mining companies, Western Mines Group ranks worse than 58.51% 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.
Western Mines Group's Net-Net Working Capital for the quarter that ended in Dec. 2025 was A$0.02.
The industry rank for Western Mines Group's Net-Net Working Capital or its related term are showing as below:
ASX:WMG's Price-to-Net-Net-Working-Capital is ranked worse than 58.51% of 1140
companies
in the Metals & Mining industry
Industry Median: 7.425
vs ASX:WMG: 8.75
Western Mines Group (ASX:WMG) 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.
Western Mines Group Net-Net Working Capital Related Terms
Western Mines Group Net-Net Working Capital Historical Data
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The historical data trend for Western Mines Group'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:WMG vs NEM, AU: Net-Net Working Capital Comparison
For the Gold subindustry, Western Mines Group'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.
Western Mines Group Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Western Mines Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Western Mines Group'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$0.02 mean?
Western Mines Group (ASX:WMG) has a Net-Net Working Capital of A$0.02 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 Western Mines Group According to the industry distribution chart, Western Mines Group ranks #667 out of 1140 companies in the Metals & Mining industry, placing it in the top 58.5%.
Is Western Mines Group's Net-Net Working Capital too high?
Western Mines Group's current Net-Net Working Capital is A$0.02. Based on the distribution chart, Western Mines Group ranks #667 out of 1140 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Western Mines Group has a GF Score™ of 23/100, reflecting its overall financial health beyond just this single metric.
How does Western Mines Group's Net-Net Working Capital compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Western Mines Group ranks #667 out of 1140 companies for Net-Net Working Capital. This places Western Mines Group in the lower half of its industry. The industry median Net-Net Working Capital is 7.43. 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 Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 7.43, based on 1,140 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 Western Mines Group For the Metals & Mining industry, the median Net-Net Working Capital is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Mines Group's current Net-Net Working Capital is A$0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Mines Group stock overvalued right now?
Western Mines Group (ASX:WMG) has a current Net-Net Working Capital of A$0.02. The current Net-Net Working Capital is A$0.02. Western Mines Group's overall GF Score™ is 23/100. 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 Western Mines Group (ASX:WMG), the current Net-Net Working Capital is A$0.02 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.
Western Mines Group Ltd is a mineral exploration company based in Western Australia. It focuses on exploring for gold and nickel sulphide deposits across various prospective projects located in several mineral belts of the region. Some of its projects include Mulga Tank Ni-Cu-PGE Project, Melita Gold Project, Jasper Hill Gold Project, Youanmi Gold Project, Pavarotti Ni-Cu-PGE Project, Rock of Ages Gold Project, Broken Hill Bore Gold Project, and Pinyalling Gold Project. The company's primary project centers on an ultramafic complex known for nickel, cobalt, copper, and platinum group elements. Western Mines Group aims to discover and develop mineral resources to create long-term value through its portfolio of exploration initiatives. The company operates within Australia's mining sector.
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