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.
Asmedia Technology's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $1.77.
The industry rank for Asmedia Technology's Net-Net Working Capital or its related term are showing as below:
LUX:ASMTS's Price-to-Net-Net-Working-Capital is ranked worse than 71.69% of 537
companies
in the Semiconductors industry
Industry Median: 14.52
vs LUX:ASMTS: 24.65
Asmedia Technology (LUX:ASMTS) 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.
Asmedia Technology Net-Net Working Capital Related Terms
Asmedia Technology Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Asmedia Technology'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.
LUX:ASMTS vs NVDA, AVGO, MU: Net-Net Working Capital Comparison
For the Semiconductors subindustry, Asmedia Technology'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.
Asmedia Technology Price-to-Net-Net-Working-Capital vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Asmedia Technology's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Asmedia Technology'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 $1.77 mean?
Asmedia Technology (LUX:ASMTS) has a Net-Net Working Capital of $1.77 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 Asmedia Technology According to the industry distribution chart, Asmedia Technology ranks #385 out of 537 companies in the Semiconductors industry, placing it in the top 71.7%.
Is Asmedia Technology's Net-Net Working Capital too high?
Asmedia Technology's current Net-Net Working Capital is $1.77. The Semiconductors industry median Net-Net Working Capital is 14.52. Asmedia Technology's value of $1.77 is 87.8% below this industry median. Based on the distribution chart, Asmedia Technology ranks #385 out of 537 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Asmedia Technology has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Asmedia Technology's Net-Net Working Capital compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Asmedia Technology ranks #385 out of 537 companies for Net-Net Working Capital. This places Asmedia Technology in the lower half of its industry. The industry median Net-Net Working Capital is 14.52. Asmedia Technology's value of $1.77 is 87.8% 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 a Semiconductors company?
The median Net-Net Working Capital among Semiconductors companies is 14.52, based on 537 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. Asmedia Technology's current Net-Net Working Capital of $1.77 is 87.8% 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 Asmedia Technology For the Semiconductors industry, the median Net-Net Working Capital is 14.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asmedia Technology's current Net-Net Working Capital is $1.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asmedia Technology stock overvalued right now?
Asmedia Technology (LUX:ASMTS) has a current Net-Net Working Capital of $1.77. The stock's GF Value™ is $122.48, compared to a current price of $58.43 — trading 52.3% below its estimated fair value. The current Net-Net Working Capital is $1.77 and 87.8% below the Semiconductors industry median of 14.52. Asmedia Technology's overall GF Score™ is 86/100 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 Asmedia Technology (LUX:ASMTS), the current Net-Net Working Capital is $1.77 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 Asmedia Technology (LUX:ASMTS) Overvalued in 2026?
Based on GuruFocus' analysis, Asmedia Technology stock appears to be undervalued.
The current stock price of $58.43 is trading 52.3% below its estimated GF Value™ of $122.48.
Key valuation signals for LUX:ASMTS:
Net-Net Working Capital: $1.77
GF Value™: $122.48 vs. price of $58.43 (52.3% below fair value)
Industry Position: 87.8% below the Semiconductors median (#385 of 537)
No single metric tells the full story. See the LUX:ASMTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asmedia Technology Inc is a semiconductor memory company. It is engaged in the design, development, production, and manufacture of high-speed analogue circuit products. Some of its products include USB Controller, PCIe Bridge Controller, SATA Controller, High-Speed Signal Switch, and ASIC. Its geographical segments include the Americas, Taiwan, China, Southeast Asia, North-east Asia, and Others, out of which the majority is from the Americas. The majority of its revenue is derived from High-speed interface controller.
86GF Score
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