KARX (Karbon-X) Net-Net Working Capital: $-0.21 (As of Feb. 2026)

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.

KARX Karbon-X Corp KARX
8 GF Score
Price $0.14
! 5 Warning Signs
View Full Analysis

What is Karbon-X Net-Net Working Capital?

Karbon-X KARX -4.90% 8 Net-Net Working Capital is $-0.21 as of Feb. 2026. GuruFocus rates KARX with a GF Score™ of 8/100. The stock has 5 warning signs investors should review. Among 444 Business Services companies, Karbon-X ranks worse than 225225% 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.

Karbon-X's Net-Net Working Capital for the quarter that ended in Feb. 2026 was $-0.21.

The industry rank for Karbon-X's Net-Net Working Capital or its related term are showing as below:

KARX's Price-to-Net-Net-Working-Capital is not ranked *
in the Business Services industry.
Industry Median: 5.525
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Karbon-X  (OTCPK:KARX) 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.


Karbon-X Net-Net Working Capital Related Terms


Karbon-X Net-Net Working Capital Historical Data

* Premium members only.

The historical data trend for Karbon-X'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.

Karbon-X Net-Net Working Capital Chart

Karbon-X Annual Data
Trend May22 May23 May24 May25
Net-Net Working Capital
0.01 0.00 0.02 -0.09

Karbon-X Quarterly Data
Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 -0.06 -0.09 -0.08 -0.11 -0.21

KARX vs FOFO, GRNQ, ACCL: Net-Net Working Capital Comparison

For the Consulting Services subindustry, Karbon-X'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.


Karbon-X Price-to-Net-Net-Working-Capital vs Business Services Industry

For the Business Services industry and Industrials sector, Karbon-X's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Karbon-X's Price-to-Net-Net-Working-Capital falls into.


KARX
8GF Score
Karbon-X Corp KARX
Net-Net Working Capital is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Karbon-X Net-Net Working Capital Calculation

Karbon-X's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in May. 2025 is calculated as

Net-Net Working Capital(A: May. 2025 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(1.006+0.75 * 0.002+0.5 * 0.1-8.149
-0-0)/81.993
=-0.09

Karbon-X's Net-Net Working Capital (NNWC) per share for the quarter that ended in Feb. 2026 is calculated as

Net-Net Working Capital(Q: Feb. 2026 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4.114+0.75 * 4.752+0.5 * 1.607-27.3
-0-0)/88.393
=-0.21

* 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 $-0.21 mean?
Karbon-X (KARX) has a Net-Net Working Capital of $-0.21 as of Feb. 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 Karbon-X According to the industry distribution chart, Karbon-X ranks #999999 out of 444 companies in the Business Services industry.
Is Karbon-X's Net-Net Working Capital too high?
Karbon-X's current Net-Net Working Capital is $-0.21. Based on the distribution chart, Karbon-X ranks #999999 out of 444 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Karbon-X has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Karbon-X's Net-Net Working Capital compare to FOFO and GRNQ?
According to the Business Services industry distribution chart, Karbon-X ranks #999999 out of 444 companies for Net-Net Working Capital. This places Karbon-X in the lower half of its industry. The industry median Net-Net Working Capital is 5.53. 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 5.53, based on 444 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 Karbon-X For the Business Services industry, the median Net-Net Working Capital is 5.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Karbon-X's current Net-Net Working Capital is $-0.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Karbon-X stock overvalued right now?
Karbon-X (KARX) has a current Net-Net Working Capital of $-0.21. The current Net-Net Working Capital is $-0.21. Karbon-X's overall GF Score™ is 8/100 with 5 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 Karbon-X (KARX), the current Net-Net Working Capital is $-0.21 as of Feb. 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.

Karbon-X Business Description

Address 6575 West Loop South, Suite 500, Bellaire, TX, USA, T2P 3S2
Karbon-X Corp provides investors with access to certified carbon credits, which are essential for individuals and corporations seeking to meet their carbon-neutral and net-zero carbon objectives. The company has started acquiring verified carbon credits from various vendors and plans to resell these credits to both industries and the general public. Additionally, the company is funding projects aimed at generating its own carbon credits. Once these projects are verified, the resultant carbon credits will be available for sale on its proprietary app platform.
8GF Score

Get the complete analysis for KARX

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

$0.14
Price