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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.
The industry rank for Scandinavian Astor Group AB's Net-Net Working Capital or its related term are showing as below:
NGM:ASTOR's Price-to-Net-Net-Working-Capital is not ranked *
in the Aerospace & Defense industry.
Industry Median: 9.43 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Scandinavian Astor Group AB (NGM:ASTOR) 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.
Scandinavian Astor Group AB Net-Net Working Capital Related Terms
Scandinavian Astor Group AB 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.
Scandinavian Astor Group AB Net-Net Working Capital Chart
NGM:ASTOR vs SPCX, GE, RTX: Net-Net Working Capital Comparison
For the Aerospace & Defense subindustry, Scandinavian Astor Group AB'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.
Scandinavian Astor Group AB Price-to-Net-Net-Working-Capital vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Scandinavian Astor Group AB's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Scandinavian Astor Group AB'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 kr-0.35 mean?
Scandinavian Astor Group AB (NGM:ASTOR) has a Net-Net Working Capital of kr-0.35 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 Scandinavian Astor Group AB According to the industry distribution chart, Scandinavian Astor Group AB ranks #999999 out of 118 companies in the Aerospace & Defense industry.
Is Scandinavian Astor Group AB's Net-Net Working Capital too high?
Scandinavian Astor Group AB's current Net-Net Working Capital is kr-0.35. Based on the distribution chart, Scandinavian Astor Group AB ranks #999999 out of 118 companies in the Aerospace & Defense industry, which is in the bottom quartile relative to peers. Overall, Scandinavian Astor Group AB has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Astor Group AB's Net-Net Working Capital compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Scandinavian Astor Group AB ranks #999999 out of 118 companies for Net-Net Working Capital. This places Scandinavian Astor Group AB in the lower half of its industry. The industry median Net-Net Working Capital is 9.43. 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 Aerospace & Defense company?
The median Net-Net Working Capital among Aerospace & Defense companies is 9.43, based on 118 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 Scandinavian Astor Group AB For the Aerospace & Defense industry, the median Net-Net Working Capital is 9.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Astor Group AB's current Net-Net Working Capital is kr-0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Astor Group AB stock overvalued right now?
Based on GuruFocus' analysis, Scandinavian Astor Group AB (NGM:ASTOR) is currently considered Possible Value Trap. The stock's GF Value™ is kr38.22, compared to a current price of kr17.94 — trading 53.1% below its estimated fair value. The current Net-Net Working Capital is kr-0.35. Scandinavian Astor Group AB's overall GF Score™ is 55/100 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 Scandinavian Astor Group AB (NGM:ASTOR), the current Net-Net Working Capital is kr-0.35 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 Scandinavian Astor Group AB (NGM:ASTOR) Overvalued in 2026?
Based on GuruFocus' analysis, Scandinavian Astor Group AB stock appears to be undervalued.
The current stock price of kr17.94 is trading 53.1% below its estimated GF Value™ of kr38.22.
GuruFocus considers Scandinavian Astor Group AB to be Possible Value Trap.
Key valuation signals for NGM:ASTOR:
Net-Net Working Capital: kr-0.35
GF Value™: kr38.22 vs. price of kr17.94 (53.1% below fair value)
No single metric tells the full story. See the NGM:ASTOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scandinavian Astor Group AB is a prominent player in the defence industry, specialising in delivering high-quality products, services and technical solutions, in the defence sector and civil security, and other industrial segments. The Group is divided into three business areas: Astor Industry, Astor Tech and Astor Protect. The company generates revenues by selling customized products and services to the defense and security sectors, as well as civilian markets. Geographically, it operates in Sweden, Other EMEA, Americas, and Asia Pacific.
55GF 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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