Solowin HoldingsAXG 12 Net-Net Working Capital is $0.02 as of Sep. 2025. GuruFocus rates AXG with a GF Score™ of 12/100. The stock has 7 warning signs investors should review. Among 288 Capital Markets companies, Solowin Holdings ranks worse than 96.88% 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.
Solowin Holdings's Net-Net Working Capital for the quarter that ended in Sep. 2025 was $0.02.
The industry rank for Solowin Holdings's Net-Net Working Capital or its related term are showing as below:
AXG's Price-to-Net-Net-Working-Capital is ranked worse than 96.88% of 288
companies
in the Capital Markets industry
Industry Median: 5.07
vs AXG: 163.75
Solowin Holdings (NAS:AXG) 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.
Solowin Holdings Net-Net Working Capital Related Terms
Solowin Holdings Net-Net Working Capital Historical Data
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The historical data trend for Solowin Holdings'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.
AXG vs BTGO, BTBT, RHNO: Net-Net Working Capital Comparison
For the Capital Markets subindustry, Solowin Holdings'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.
Solowin Holdings Price-to-Net-Net-Working-Capital vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Solowin Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Solowin Holdings'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 $0.02 mean?
Solowin Holdings (AXG) has a Net-Net Working Capital of $0.02 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 Solowin Holdings According to the industry distribution chart, Solowin Holdings ranks #279 out of 288 companies in the Capital Markets industry, placing it in the top 96.9%.
Is Solowin Holdings' Net-Net Working Capital too high?
Solowin Holdings' current Net-Net Working Capital is $0.02. The Capital Markets industry median Net-Net Working Capital is 5.07. Solowin Holdings' value of $0.02 is 99.6% below this industry median. Based on the distribution chart, Solowin Holdings ranks #279 out of 288 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Solowin Holdings has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Solowin Holdings' Net-Net Working Capital compare to BTGO and BTBT?
According to the Capital Markets industry distribution chart, Solowin Holdings ranks #279 out of 288 companies for Net-Net Working Capital. This places Solowin Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 5.07. Solowin Holdings' value of $0.02 is 99.6% 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 Capital Markets company?
The median Net-Net Working Capital among Capital Markets companies is 5.07, based on 288 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. Solowin Holdings's current Net-Net Working Capital of $0.02 is 99.6% 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 Solowin Holdings For the Capital Markets industry, the median Net-Net Working Capital is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solowin Holdings's current Net-Net Working Capital is $0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solowin Holdings stock overvalued right now?
Solowin Holdings (AXG) has a current Net-Net Working Capital of $0.02. The current Net-Net Working Capital is $0.02 and 99.6% below the Capital Markets industry median of 5.07. Solowin Holdings' overall GF Score™ is 12/100 with 7 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 Solowin Holdings (AXG), the current Net-Net Working Capital is $0.02 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.
Solowin Holdings Ltd is an investor-focused, versatile securities brokerage company in Hong Kong. It offers a wide spectrum of products and services through its secure one-stop electronic platform. It is engaged in providing securities-related services, investment advisory services, and asset management services to customers. The operations were organized into four reportable segments: Corporate Finance Services, Wealth Management Services, Asset Management Services and Virtual Assets. It derives maximum revenue from Wealth Management Services.
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