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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.
Al Madina Takaful Co.OG's Net-Net Working Capital for the quarter that ended in Mar. 2026 was ر.ع-0.28.
The industry rank for Al Madina Takaful Co.OG's Net-Net Working Capital or its related term are showing as below:
MUS:AMAT's Price-to-Net-Net-Working-Capital is not ranked *
in the Insurance industry.
Industry Median: 8.23 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Al Madina Takaful Co.OG (MUS:AMAT) 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.
Al Madina Takaful Co.OG Net-Net Working Capital Related Terms
Al Madina Takaful Co.OG Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for Al Madina Takaful Co.OG'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.
Al Madina Takaful Co.OG Net-Net Working Capital Chart
MUS:AMAT vs BRK.A, AIG, HIG: Net-Net Working Capital Comparison
For the Insurance - Diversified subindustry, Al Madina Takaful Co.OG'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.
Al Madina Takaful Co.OG Price-to-Net-Net-Working-Capital vs Insurance Industry
For the Insurance industry and Financial Services sector, Al Madina Takaful Co.OG's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Al Madina Takaful Co.OG'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 ر.ع-0.28 mean?
Al Madina Takaful Co.OG (MUS:AMAT) has a Net-Net Working Capital of ر.ع-0.28 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 Al Madina Takaful Co.OG According to the industry distribution chart, Al Madina Takaful Co.OG ranks #999999 out of 61 companies in the Insurance industry.
Is Al Madina Takaful Co.OG's Net-Net Working Capital too high?
Al Madina Takaful Co.OG's current Net-Net Working Capital is ر.ع-0.28. Based on the distribution chart, Al Madina Takaful Co.OG ranks #999999 out of 61 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Al Madina Takaful Co.OG has a GF Score™ of 37/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Madina Takaful Co.OG's Net-Net Working Capital compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Al Madina Takaful Co.OG ranks #999999 out of 61 companies for Net-Net Working Capital. This places Al Madina Takaful Co.OG in the lower half of its industry. The industry median Net-Net Working Capital is 8.23. 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 Insurance company?
The median Net-Net Working Capital among Insurance companies is 8.23, based on 61 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 Al Madina Takaful Co.OG For the Insurance industry, the median Net-Net Working Capital is 8.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Madina Takaful Co.OG's current Net-Net Working Capital is ر.ع-0.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Madina Takaful Co.OG stock overvalued right now?
Based on GuruFocus' analysis, Al Madina Takaful Co.OG (MUS:AMAT) is currently considered Modestly Undervalued. The stock's GF Value™ is ر.ع0.13, compared to a current price of ر.ع0.12 — trading 11.5% below its estimated fair value. The current Net-Net Working Capital is ر.ع-0.28. Al Madina Takaful Co.OG's overall GF Score™ is 37/100. 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 Al Madina Takaful Co.OG (MUS:AMAT), the current Net-Net Working Capital is ر.ع-0.28 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 Al Madina Takaful Co.OG (MUS:AMAT) Overvalued in 2026?
Based on GuruFocus' analysis, Al Madina Takaful Co.OG stock appears to be undervalued.
The current stock price of ر.ع0.12 is trading 11.5% below its estimated GF Value™ of ر.ع0.13.
GuruFocus considers Al Madina Takaful Co.OG to be Modestly Undervalued.
Key valuation signals for MUS:AMAT:
Net-Net Working Capital: ر.ع-0.28
GF Value™: ر.ع0.13 vs. price of ر.ع0.12 (11.5% below fair value)
No single metric tells the full story. See the MUS:AMAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Al Madina Takaful Co. SAOG is engaged in the business of takaful activities and investments by adopting the wakala and mudarabha model respectively, on behalf of the participants by the Islamic Sharia principles. The business operating segments are Family takaful and general takaful. It generates the majority of its revenue from General takaful, which contracts include Motor, marine and aviation, Fire, energy, medical, engineering, liability, and general accident contracts. Geographically, the operations of the company are located inside the Sultanate of Oman.
37GF Score
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