GGPXF (G-Resources Group) Net-Net Working Capital: $1.53 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

GGPXF G-Resources Group Ltd GGPXF
36 GF Score
Price $0.98
GF Value $0.26
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is G-Resources Group Net-Net Working Capital?

G-Resources Group GGPXF -11.86% 36 Net-Net Working Capital is $1.53 as of Dec. 2025. GuruFocus rates GGPXF with a GF Score™ of 36/100 and a GF Value™ of $0.26 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 497 Asset Management companies, G-Resources Group ranks better than 95.37% 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.

G-Resources Group's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $1.53.

The industry rank for G-Resources Group's Net-Net Working Capital or its related term are showing as below:

GGPXF's Price-to-Net-Net-Working-Capital is ranked better than
95.37% of 497 companies
in the Asset Management industry
Industry Median: 6.24 vs GGPXF: 0.64

G-Resources Group  (OTCPK:GGPXF) 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.


G-Resources Group Net-Net Working Capital Related Terms


G-Resources Group Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for G-Resources 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.

G-Resources Group Net-Net Working Capital Chart

G-Resources Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Net-Net Working Capital
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 1.98 1.66 1.78 1.53

G-Resources Group Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net-Net Working Capital Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.66 1.54 1.78 1.73 1.53

GGPXF vs BLK, BX, KKR: Net-Net Working Capital Comparison

For the Asset Management subindustry, G-Resources 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.


G-Resources Group Price-to-Net-Net-Working-Capital vs Asset Management Industry

For the Asset Management industry and Financial Services sector, G-Resources Group's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where G-Resources Group's Price-to-Net-Net-Working-Capital falls into.


GGPXF
36GF Score
G-Resources Group Ltd GGPXF
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

G-Resources Group Net-Net Working Capital Calculation

G-Resources Group's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2025 is calculated as

Net-Net Working Capital(A: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(715.417+0.75 * 18.592+0.5 * 0-37.435
-0-0)/450.814
=1.53

G-Resources Group's Net-Net Working Capital (NNWC) per share for the quarter that ended in Dec. 2025 is calculated as

Net-Net Working Capital(Q: Dec. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(715.417+0.75 * 18.592+0.5 * 0-37.435
-0-0)/450.814
=1.53

* 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 $1.53 mean?
G-Resources Group (GGPXF) has a Net-Net Working Capital of $1.53 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 G-Resources Group According to the industry distribution chart, G-Resources Group ranks #23 out of 497 companies in the Asset Management industry, placing it in the top 4.6%.
Is G-Resources Group's Net-Net Working Capital too high?
G-Resources Group's current Net-Net Working Capital is $1.53. The Asset Management industry median Net-Net Working Capital is 6.24. G-Resources Group's value of $1.53 is 75.5% below this industry median. Based on the distribution chart, G-Resources Group ranks #23 out of 497 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, G-Resources Group has a GF Score™ of 36/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does G-Resources Group's Net-Net Working Capital compare to BLK and BX?
According to the Asset Management industry distribution chart, G-Resources Group ranks #23 out of 497 companies for Net-Net Working Capital. This places G-Resources Group in the top 5% of its industry — outperforming the majority of peers. The industry median Net-Net Working Capital is 6.24. G-Resources Group's value of $1.53 is 75.5% 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 Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.24, 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. G-Resources Group's current Net-Net Working Capital of $1.53 is 75.5% 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 G-Resources Group For the Asset Management industry, the median Net-Net Working Capital is 6.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. G-Resources Group's current Net-Net Working Capital is $1.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is G-Resources Group stock overvalued right now?
Based on GuruFocus' analysis, G-Resources Group (GGPXF) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.26, compared to a current price of $0.98 — trading 276.3% above its estimated fair value. The current Net-Net Working Capital is $1.53 and 75.5% below the Asset Management industry median of 6.24. G-Resources Group's overall GF Score™ is 36/100 with 2 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 G-Resources Group (GGPXF), the current Net-Net Working Capital is $1.53 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 G-Resources Group (GGPXF) Overvalued in 2026?

Based on GuruFocus' analysis, G-Resources Group stock appears to be overvalued. The current stock price of $0.98 is trading 276.3% above its estimated GF Value™ of $0.26. GuruFocus considers G-Resources Group to be Significantly Overvalued.

Key valuation signals for GGPXF:

  • Net-Net Working Capital: $1.53
  • GF Value™: $0.26 vs. price of $0.98 (276.3% above fair value)
  • GF Score™: 36/100 with 2 warning signs
  • Industry Position: 75.5% below the Asset Management median (#23 of 497)

No single metric tells the full story. See the GGPXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


G-Resources Group Business Description

Other Exchanges 01051:Hong Kong
Address No. 151 Gloucester Road, Room 1801, 18th Floor, Capital Centre, Wanchai, Hong Kong, HKG
G-Resources Group Ltd is an investment and financial services company. It offers various financial services, including securities brokerage services, placing and underwriting services, corporate finance advisory services, provision of margin financing, money lending business, and investment advisory and asset management services. The company's operating segments are: Financial Services, Principal Investment, and Real Property. Maximum revenue is generated from the Principal Investment business, which is involved in managing a portfolio of investments in listed shares, listed senior notes, listed perpetual notes, unlisted investment funds, unlisted equity investments, unlisted hedge funds, and other similar instruments. Geographically, the company derives maximum revenue from Hong Kong.
36GF Score

Get the complete analysis for GGPXF

Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.98
Price
$0.26
GF Value