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.
A-Smart HoldingsFRA:IOTA -1.77% Net-Net Working Capital is €0.01 as of Jan. 2026. The stock has 6 warning signs investors should review. Among 441 Business Services companies, A-Smart Holdings ranks better than 58.73% 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.
A-Smart Holdings's Net-Net Working Capital for the quarter that ended in Jan. 2026 was €0.01.
The industry rank for A-Smart Holdings's Net-Net Working Capital or its related term are showing as below:
FRA:IOTA's Price-to-Net-Net-Working-Capital is ranked better than 58.73% of 441
companies
in the Business Services industry
Industry Median: 5.72
vs FRA:IOTA: 5.55
A-Smart Holdings (FRA:IOTA) 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.
A-Smart Holdings Net-Net Working Capital Related Terms
A-Smart Holdings Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for A-Smart 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.
FRA:IOTA vs CTAS, CPRT, GPN: Net-Net Working Capital Comparison
For the Specialty Business Services subindustry, A-Smart 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.
A-Smart Holdings Price-to-Net-Net-Working-Capital vs Business Services Industry
For the Business Services industry and Industrials sector, A-Smart Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where A-Smart 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 €0.01 mean?
A-Smart Holdings (FRA:IOTA) has a Net-Net Working Capital of €0.01 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 A-Smart Holdings According to the industry distribution chart, A-Smart Holdings ranks #182 out of 441 companies in the Business Services industry, placing it in the top 41.3%.
Is A-Smart Holdings' Net-Net Working Capital too high?
A-Smart Holdings' current Net-Net Working Capital is €0.01. Based on the distribution chart, A-Smart Holdings ranks #182 out of 441 companies in the Business Services industry, which is above the industry midpoint.
How does A-Smart Holdings' Net-Net Working Capital compare to CTAS and CPRT?
According to the Business Services industry distribution chart, A-Smart Holdings ranks #182 out of 441 companies for Net-Net Working Capital. This puts A-Smart Holdings in the upper half of its industry. The industry median Net-Net Working Capital is 5.72. 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 Business Services company?
The median Net-Net Working Capital among Business Services companies is 5.72, based on 441 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 A-Smart Holdings For the Business Services industry, the median Net-Net Working Capital is 5.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. A-Smart Holdings's current Net-Net Working Capital is €0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is A-Smart Holdings stock overvalued right now?
Based on GuruFocus' analysis, A-Smart Holdings (FRA:IOTA) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.04, compared to a current price of €0.06 — trading 38.8% above its estimated fair value. The current Net-Net Working Capital is €0.01. 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 A-Smart Holdings (FRA:IOTA), the current Net-Net Working Capital is €0.01 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.
A-Smart Holdings Ltd is an investment holding company operating through segments that include Print and media, covering printing of financial and corporate publications such as reports, prospectuses, brochures, magazines, and other commercial materials, along with events management. The Property segment is involved in property development, while Smart Technologies focuses on developing, selling, and redistributing smart IT solutions, gadgets, software, and hardware products. The Corporate and others segment includes corporate office functions, shared services, and long-term investments in non-quoted equities. The majority of its revenue comes from Print and media, and it derives revenue from Singapore.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:IOTA has been successfully added to your 
