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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.
KUW:ASC's Price-to-Net-Net-Working-Capital is ranked worse than 77.15% of 1256
companies
in the Software industry
Industry Median: 7.1
vs KUW:ASC: 18.83
Automated Systems Company (K.S.C.C) (KUW:ASC) 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.
Automated Systems Company (K.S.C.C) Net-Net Working Capital Related Terms
Automated Systems Company (K.S.C.C) 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.
Automated Systems Company (K.S.C.C) Net-Net Working Capital Chart
KUW:ASC vs MSFT, ORCL, PLTR: Net-Net Working Capital Comparison
For the Software - Infrastructure subindustry, Automated Systems Company (K.S.C.C)'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.
Automated Systems Company (K.S.C.C) Price-to-Net-Net-Working-Capital vs Software Industry
For the Software industry and Technology sector, Automated Systems Company (K.S.C.C)'s Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Automated Systems Company (K.S.C.C)'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 KWD0.04 mean?
Automated Systems Company (K.S.C.C) (KUW:ASC) has a Net-Net Working Capital of KWD0.04 as of Mar. 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 Automated Systems Company (K.S.C.C) According to the industry distribution chart, Automated Systems Company (K.S.C.C) ranks #969 out of 1256 companies in the Software industry, placing it in the top 77.1%.
Is Automated Systems Company (K.S.C.C)'s Net-Net Working Capital too high?
Automated Systems Company (K.S.C.C)'s current Net-Net Working Capital is KWD0.04. Based on the distribution chart, Automated Systems Company (K.S.C.C) ranks #969 out of 1256 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Automated Systems Company (K.S.C.C) has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Automated Systems Company (K.S.C.C)'s Net-Net Working Capital compare to MSFT and ORCL?
According to the Software industry distribution chart, Automated Systems Company (K.S.C.C) ranks #969 out of 1256 companies for Net-Net Working Capital. This places Automated Systems Company (K.S.C.C) in the lower half of its industry. The industry median Net-Net Working Capital is 7.10. 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 Software company?
The median Net-Net Working Capital among Software companies is 7.10, based on 1,256 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 Automated Systems Company (K.S.C.C) For the Software industry, the median Net-Net Working Capital is 7.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Automated Systems Company (K.S.C.C)'s current Net-Net Working Capital is KWD0.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Automated Systems Company (K.S.C.C) stock overvalued right now?
Based on GuruFocus' analysis, Automated Systems Company (K.S.C.C) (KUW:ASC) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.21, compared to a current price of KWD0.75 — trading 258.6% above its estimated fair value. The current Net-Net Working Capital is KWD0.04. Automated Systems Company (K.S.C.C)'s overall GF Score™ is 32/100 with 7 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 Automated Systems Company (K.S.C.C) (KUW:ASC), the current Net-Net Working Capital is KWD0.04 as of Mar. 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.
Is Automated Systems Company (K.S.C.C) (KUW:ASC) Overvalued in 2026?
Based on GuruFocus' analysis, Automated Systems Company (K.S.C.C) stock appears to be overvalued.
The current stock price of KWD0.75 is trading 258.6% above its estimated GF Value™ of KWD0.21.
GuruFocus considers Automated Systems Company (K.S.C.C) to be Significantly Overvalued.
Key valuation signals for KUW:ASC:
Net-Net Working Capital: KWD0.04
GF Value™: KWD0.21 vs. price of KWD0.75 (258.6% above fair value)
No single metric tells the full story. See the KUW:ASC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Automated Systems Company Ltd (K.S.C.C) operates in the IT (information technology) sector. It provides full end-to-end solution starting from cabling and network infrastructure up to the level of enterprise resource planning (ERP) implementation through specialized engineers. Its business activities are divided into three divisions including Global Distribution Systems, Services & Solutions and Engineering Solutions. The company offers various services including systems integration, in-house developed application and mobility solutions, IT managed services, consulting services, cloud computing, among others.
32GF Score
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Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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