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Alpha Technology GroupATGL 12 Net-Net Working Capital is $0.17 as of Sep. 2025. GuruFocus rates ATGL with a GF Score™ of 12/100. The stock has 5 warning signs investors should review. Among 1,256 Software companies, Alpha Technology Group ranks worse than 91.88% 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.
Alpha Technology Group's Net-Net Working Capital for the quarter that ended in Sep. 2025 was $0.17.
The industry rank for Alpha Technology Group's Net-Net Working Capital or its related term are showing as below:
ATGL's Price-to-Net-Net-Working-Capital is ranked worse than 91.88% of 1256
companies
in the Software industry
Industry Median: 6.75
vs ATGL: 62.00
Alpha Technology Group (NAS:ATGL) 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.
Alpha Technology Group Net-Net Working Capital Related Terms
Alpha Technology Group Net-Net Working Capital Historical Data
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The historical data trend for Alpha Technology 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.
Alpha Technology Group Net-Net Working Capital Chart
ATGL vs EXOD, TCX, DAVA: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, Alpha Technology 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.
Alpha Technology Group Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Alpha Technology Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Alpha Technology 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 $0.17 mean?
Alpha Technology Group (ATGL) has a Net-Net Working Capital of $0.17 as of Sep. 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 Alpha Technology Group According to the industry distribution chart, Alpha Technology Group ranks #1154 out of 1256 companies in the Software industry, placing it in the top 91.9%.
Is Alpha Technology Group's Net-Net Working Capital too high?
Alpha Technology Group's current Net-Net Working Capital is $0.17. The Software industry median Net-Net Working Capital is 6.75. Alpha Technology Group's value of $0.17 is 97.5% below this industry median. Based on the distribution chart, Alpha Technology Group ranks #1154 out of 1256 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Alpha Technology Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Alpha Technology Group's Net-Net Working Capital compare to EXOD and TCX?
According to the Software industry distribution chart, Alpha Technology Group ranks #1154 out of 1256 companies for Net-Net Working Capital. This places Alpha Technology Group in the lower half of its industry. The industry median Net-Net Working Capital is 6.75. Alpha Technology Group's value of $0.17 is 97.5% below this benchmark. 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 Software company?
The median Net-Net Working Capital among Software companies is 6.75, based on 1,256 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. Alpha Technology Group's current Net-Net Working Capital of $0.17 is 97.5% below the industry median. 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 Alpha Technology Group For the Software industry, the median Net-Net Working Capital is 6.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpha Technology Group's current Net-Net Working Capital is $0.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Technology Group stock overvalued right now?
Alpha Technology Group (ATGL) has a current Net-Net Working Capital of $0.17. The current Net-Net Working Capital is $0.17 and 97.5% below the Software industry median of 6.75. Alpha Technology Group's overall GF Score™ is 12/100 with 5 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 Alpha Technology Group (ATGL), the current Net-Net Working Capital is $0.17 as of Sep. 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.
Alpha Technology Group Ltd operates through its subsidiaries, which are established cloud-based IT solution service providers in Hong Kong. Its Operating Subsidiaries utilize its analytic skills, programming skills, artificial intelligence technologies and technological know-how to provide comprehensive solutions designed to optimize the business performance of customers, meet various industry-specific operational challenges of customers and create new business opportunities for customers. The Operating Subsidiaries provide services for customers from a variety of industries, including consulting, real estate, architectural design, carpark management, electronic payment services, logistics, investments, retail, textiles, wholesale and distribution, etc.
12GF Score
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