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.
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.
AutohomeATHM +0.09%68 Net-Net Working Capital is $19.40 as of Mar. 2026. GuruFocus rates ATHM with a GF Score™ of 68/100 and a GF Value™ of $23.31 (Fairly Valued). The stock has 6 warning signs investors should review. Among 301 Interactive Media companies, Autohome ranks better than 90.03% 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.
Autohome's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $19.40.
The industry rank for Autohome's Net-Net Working Capital or its related term are showing as below:
ATHM's Price-to-Net-Net-Working-Capital is ranked better than 90.03% of 301
companies
in the Interactive Media industry
Industry Median: 4.65
vs ATHM: 1.18
Autohome (NYSE:ATHM) 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.
Autohome Net-Net Working Capital Related Terms
Autohome Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Autohome'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.
ATHM vs DJT, WB, STUB: Net-Net Working Capital Comparison
For the Internet Content & Information subindustry, Autohome'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.
Autohome Price-to-Net-Net-Working-Capital vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Autohome's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Autohome'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 $19.40 mean?
Autohome (ATHM) has a Net-Net Working Capital of $19.40 as of Mar. 2026. 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 Autohome According to the industry distribution chart, Autohome ranks #30 out of 301 companies in the Interactive Media industry, placing it in the top 10%.
Is Autohome's Net-Net Working Capital too high?
Autohome's current Net-Net Working Capital is $19.40. The Interactive Media industry median Net-Net Working Capital is 4.65. Autohome's value of $19.40 is 317.2% above this industry median. Based on the distribution chart, Autohome ranks #30 out of 301 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Autohome has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Autohome's Net-Net Working Capital compare to DJT and WB?
According to the Interactive Media industry distribution chart, Autohome ranks #30 out of 301 companies for Net-Net Working Capital. This places Autohome in the top 10% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 4.65. Autohome's value of $19.40 is 317.2% above 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 an Interactive Media company?
The median Net-Net Working Capital among Interactive Media companies is 4.65, based on 301 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. Autohome's current Net-Net Working Capital of $19.40 is 317.2% above 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 Autohome For the Interactive Media industry, the median Net-Net Working Capital is 4.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Autohome's current Net-Net Working Capital is $19.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Autohome stock overvalued right now?
Based on GuruFocus' analysis, Autohome (ATHM) is currently considered Fairly Valued. The stock's GF Value™ is $23.31, compared to a current price of $22.98 — trading 1.4% below its estimated fair value. The current Net-Net Working Capital is $19.40 and 317.2% above the Interactive Media industry median of 4.65. Autohome's overall GF Score™ is 68/100 with 6 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 Autohome (ATHM), the current Net-Net Working Capital is $19.40 as of Mar. 2026. 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 Autohome (ATHM) Overvalued in 2026?
Based on GuruFocus' analysis, Autohome stock appears to be undervalued.
The current stock price of $22.98 is trading 1.4% below its estimated GF Value™ of $23.31.
GuruFocus considers Autohome to be Fairly Valued.
Key valuation signals for ATHM:
Net-Net Working Capital: $19.40
GF Value™: $23.31 vs. price of $22.98 (1.4% below fair value)
Industry Position: 317.2% above the Interactive Media median (#30 of 301)
No single metric tells the full story. See the ATHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2008 as a media content platform, Autohome is the leading online automobile platform in China, ranking first among automotive service platforms in terms of mobile daily active users, according to QuestMobile. Through its two websites, autohome.com.cn and che168.com, Autohome delivers comprehensive, independent, and interactive content and tools to automobile consumers as well as a full suite of services to automakers and dealers. According to iResearch, the company was the largest online automotive advertising and lead-generation service provider in China's online auto platform media advertising market, in terms of media services and lead-generation revenue.
68GF Score
Get the complete analysis for ATHM
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
ATHM has been successfully added to your 
