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North Atlantic Smaller Inv TrustCHIX:NASL 43 Net-Net Working Capital is £0.17 as of Jan. 2026. GuruFocus rates CHIX:NASL with a GF Score™ of 43/100. The stock has 6 warning signs investors should review. Among 497 Asset Management companies, North Atlantic Smaller Inv Trust ranks worse than 75.65% 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.
CHIX:NASl's Price-to-Net-Net-Working-Capital is ranked worse than 75.65% of 497
companies
in the Asset Management industry
Industry Median: 6.19
vs CHIX:NASl: 24.63
North Atlantic Smaller Inv Trust (CHIX:NASl) 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.
North Atlantic Smaller Inv Trust Net-Net Working Capital Related Terms
North Atlantic Smaller Inv Trust Net-Net Working Capital Historical Data
* 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.
North Atlantic Smaller Inv Trust Net-Net Working Capital Chart
CHIX:NASL vs BLK, BX, KKR: Net-Net Working Capital Comparison
For the Asset Management subindustry, North Atlantic Smaller Inv Trust'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.
North Atlantic Smaller Inv Trust Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, North Atlantic Smaller Inv Trust's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where North Atlantic Smaller Inv Trust'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?
North Atlantic Smaller Inv Trust (CHIX:NASL) has a Net-Net Working Capital of £0.17 as of Jan. 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 North Atlantic Smaller Inv Trust According to the industry distribution chart, North Atlantic Smaller Inv Trust ranks #376 out of 497 companies in the Asset Management industry, placing it in the top 75.7%.
Is North Atlantic Smaller Inv Trust's Net-Net Working Capital too high?
North Atlantic Smaller Inv Trust's current Net-Net Working Capital is £0.17. Based on the distribution chart, North Atlantic Smaller Inv Trust ranks #376 out of 497 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, North Atlantic Smaller Inv Trust has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does North Atlantic Smaller Inv Trust's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, North Atlantic Smaller Inv Trust ranks #376 out of 497 companies for Net-Net Working Capital. This places North Atlantic Smaller Inv Trust in the lower half of its industry. The industry median Net-Net Working Capital is 6.19. 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 6.19, based on 497 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 North Atlantic Smaller Inv Trust For the Asset Management industry, the median Net-Net Working Capital is 6.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. North Atlantic Smaller Inv Trust'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 North Atlantic Smaller Inv Trust stock overvalued right now?
North Atlantic Smaller Inv Trust (CHIX:NASL) has a current Net-Net Working Capital of £0.17. The current Net-Net Working Capital is £0.17. North Atlantic Smaller Inv Trust's overall GF Score™ is 43/100 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 North Atlantic Smaller Inv Trust (CHIX:NASL), the current Net-Net Working Capital is £0.17 as of Jan. 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.
North Atlantic Smaller Inv Trust Business Description
North Atlantic Smaller Companies Inv Trust PLC is a United Kingdom-based investment trust. The company's objective is to provide capital appreciation through investment in a portfolio of smaller companies mainly based in countries bordering the North Atlantic Ocean. Its only operating segment is the Investment business. The company invests in a diversified range of companies, both quoted and unquoted, on both sides of the Atlantic.
43GF Score
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