Ashmore GroupCHIX:ASHML +0.73%80 Net-Net Working Capital is £0.86 as of Dec. 2025. GuruFocus rates CHIX:ASHML with a GF Score™ of 80/100 and a GF Value™ of £1.55 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 498 Asset Management companies, Ashmore Group ranks better than 70.08% 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.
Ashmore Group's Net-Net Working Capital for the quarter that ended in Dec. 2025 was £0.86.
The industry rank for Ashmore Group's Net-Net Working Capital or its related term are showing as below:
CHIX:ASHMl's Price-to-Net-Net-Working-Capital is ranked better than 70.08% of 498
companies
in the Asset Management industry
Industry Median: 6.625
vs CHIX:ASHMl: 2.56
Ashmore Group (CHIX:ASHMl) 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.
Ashmore Group Net-Net Working Capital Related Terms
Ashmore Group Net-Net Working Capital Historical Data
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The historical data trend for Ashmore 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.
CHIX:ASHML vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, Ashmore 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.
Ashmore Group Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ashmore Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Ashmore 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 £0.86 mean?
Ashmore Group (CHIX:ASHML) has a Net-Net Working Capital of £0.86 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 Ashmore Group According to the industry distribution chart, Ashmore Group ranks #149 out of 498 companies in the Asset Management industry, placing it in the top 29.9%.
Is Ashmore Group's Net-Net Working Capital too high?
Ashmore Group's current Net-Net Working Capital is £0.86. Based on the distribution chart, Ashmore Group ranks #149 out of 498 companies in the Asset Management industry, which is above the industry midpoint. Overall, Ashmore Group has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ashmore Group's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, Ashmore Group ranks #149 out of 498 companies for Net-Net Working Capital. This puts Ashmore Group in the upper half of its industry. The industry median Net-Net Working Capital is 6.63. 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 Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.63, based on 498 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 Ashmore Group For the Asset Management industry, the median Net-Net Working Capital is 6.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ashmore Group's current Net-Net Working Capital is £0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ashmore Group stock overvalued right now?
Based on GuruFocus' analysis, Ashmore Group (CHIX:ASHML) is currently considered Significantly Overvalued. The stock's GF Value™ is £1.55, compared to a current price of £2.20 — trading 41.9% above its estimated fair value. The current Net-Net Working Capital is £0.86. Ashmore Group's overall GF Score™ is 80/100 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 Ashmore Group (CHIX:ASHML), the current Net-Net Working Capital is £0.86 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.
Is Ashmore Group (CHIX:ASHML) Overvalued in 2026?
Based on GuruFocus' analysis, Ashmore Group stock appears to be overvalued.
The current stock price of £2.20 is trading 41.9% above its estimated GF Value™ of £1.55.
GuruFocus considers Ashmore Group to be Significantly Overvalued.
Key valuation signals for CHIX:ASHML:
Net-Net Working Capital: £0.86
GF Value™: £1.55 vs. price of £2.20 (41.9% above fair value)
No single metric tells the full story. See the CHIX:ASHML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ashmore Group PLC is a value-oriented asset management firm that focuses its investments on emerging markets. It offers a diverse range of both traditional and alternative investment strategies to its client base globally, including both institutional and retail investors. The company invests in sovereign debt instruments, currencies, corporate debt, equities, derivatives, private equity, real estate, distressed debt, and other special situations. The firm reports on changes in assets under management as the majority of its revenue is derived from management fees. The company also benefits from performance fees on its investments. Geographically, the group derives maximum revenue from the United Kingdom and Ireland, followed by the Americas, and Asia and the Middle East.
80GF Score
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