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FARFARYF -17.81%37 Net-Net Working Capital is $0.02 as of Dec. 2025. GuruFocus rates FARYF with a GF Score™ of 37/100. Among 192 Oil & Gas companies, FAR ranks worse than 60.94% 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.
FAR's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $0.02.
The industry rank for FAR's Net-Net Working Capital or its related term are showing as below:
FARYF's Price-to-Net-Net-Working-Capital is ranked worse than 60.94% of 192
companies
in the Oil & Gas industry
Industry Median: 6.745
vs FARYF: 9.78
FAR (OTCPK:FARYF) 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.
FAR Net-Net Working Capital Related Terms
FAR Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for FAR'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.
FARYF vs COP, EOG, FANG: Net-Net Working Capital Comparison
For the Oil & Gas E&P subindustry, FAR'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.
FAR Price-to-Net-Net-Working-Capital vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, FAR's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where FAR'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?
FAR (FARYF) has a Net-Net Working Capital of $0.02 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 FAR According to the industry distribution chart, FAR ranks #117 out of 192 companies in the Oil & Gas industry, placing it in the top 60.9%.
Is FAR's Net-Net Working Capital too high?
FAR's current Net-Net Working Capital is $0.02. The Oil & Gas industry median Net-Net Working Capital is 6.75. FAR's value of $0.02 is 99.7% below this industry median. Based on the distribution chart, FAR ranks #117 out of 192 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, FAR has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does FAR's Net-Net Working Capital compare to COP and EOG?
According to the Oil & Gas industry distribution chart, FAR ranks #117 out of 192 companies for Net-Net Working Capital. This places FAR in the lower half of its industry. The industry median Net-Net Working Capital is 6.75. FAR's value of $0.02 is 99.7% 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 an Oil & Gas company?
The median Net-Net Working Capital among Oil & Gas companies is 6.75, based on 192 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. FAR's current Net-Net Working Capital of $0.02 is 99.7% 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 FAR For the Oil & Gas 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. FAR'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 FAR stock overvalued right now?
FAR (FARYF) has a current Net-Net Working Capital of $0.02. The current Net-Net Working Capital is $0.02 and 99.7% below the Oil & Gas industry median of 6.75. FAR's overall GF Score™ is 37/100. 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 FAR (FARYF), the current Net-Net Working Capital is $0.02 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.
FAR Ltd is an independent oil and gas explorer with interests in Australia and Africa. Its projects include Africa, Gambia, Guinea-Bissau, Kenya, and Australia. The company in West Africa has a portfolio of exploration permits, including offshore Senegal, which consists of FAN-1 and SNE-1 exploration wells. It operates through two segments: The Gambia and Corporate.
37GF Score
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