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Phoenix Asia HoldingsPHOE -0.48%21 Net-Net Working Capital is $0.15 as of Mar. 2026. GuruFocus rates PHOE with a GF Score™ of 21/100. The stock has 3 warning signs investors should review. Among 479 Construction companies, Phoenix Asia Holdings ranks worse than 96.24% 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.
Phoenix Asia Holdings's Net-Net Working Capital for the quarter that ended in Mar. 2026 was $0.15.
The industry rank for Phoenix Asia Holdings's Net-Net Working Capital or its related term are showing as below:
PHOE's Price-to-Net-Net-Working-Capital is ranked worse than 96.24% of 479
companies
in the Construction industry
Industry Median: 6.68
vs PHOE: 137.67
Phoenix Asia Holdings (NAS:PHOE) 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.
Phoenix Asia Holdings Net-Net Working Capital Related Terms
Phoenix Asia Holdings Net-Net Working Capital Historical Data
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The historical data trend for Phoenix Asia Holdings'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.
Phoenix Asia Holdings Net-Net Working Capital Chart
PHOE vs BBCP, ORN, MTRX: Net-Net Working Capital Comparison
For the Engineering & Construction subindustry, Phoenix Asia Holdings'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.
Phoenix Asia Holdings Price-to-Net-Net-Working-Capital vs Construction Industry
For the Construction industry and Industrials sector, Phoenix Asia Holdings's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Phoenix Asia Holdings'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 $0.15 mean?
Phoenix Asia Holdings (PHOE) has a Net-Net Working Capital of $0.15 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 Phoenix Asia Holdings According to the industry distribution chart, Phoenix Asia Holdings ranks #461 out of 479 companies in the Construction industry, placing it in the top 96.2%.
Is Phoenix Asia Holdings' Net-Net Working Capital too high?
Phoenix Asia Holdings' current Net-Net Working Capital is $0.15. The Construction industry median Net-Net Working Capital is 6.68. Phoenix Asia Holdings' value of $0.15 is 97.8% below this industry median. Based on the distribution chart, Phoenix Asia Holdings ranks #461 out of 479 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Phoenix Asia Holdings has a GF Score™ of 21/100, reflecting its overall financial health beyond just this single metric.
How does Phoenix Asia Holdings' Net-Net Working Capital compare to BBCP and ORN?
According to the Construction industry distribution chart, Phoenix Asia Holdings ranks #461 out of 479 companies for Net-Net Working Capital. This places Phoenix Asia Holdings in the lower half of its industry. The industry median Net-Net Working Capital is 6.68. Phoenix Asia Holdings' value of $0.15 is 97.8% 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 Construction company?
The median Net-Net Working Capital among Construction companies is 6.68, based on 479 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. Phoenix Asia Holdings's current Net-Net Working Capital of $0.15 is 97.8% 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 Phoenix Asia Holdings For the Construction industry, the median Net-Net Working Capital is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phoenix Asia Holdings's current Net-Net Working Capital is $0.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phoenix Asia Holdings stock overvalued right now?
Phoenix Asia Holdings (PHOE) has a current Net-Net Working Capital of $0.15. The current Net-Net Working Capital is $0.15 and 97.8% below the Construction industry median of 6.68. Phoenix Asia Holdings' overall GF Score™ is 21/100 with 3 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 Phoenix Asia Holdings (PHOE), the current Net-Net Working Capital is $0.15 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.
Phoenix Asia Holdings Ltd operates its business through its indirectly wholly-owned Operating Subsidiary, It is engaged in substructure works, such as site formation, ground investigation and foundation works, in Hong Kong. To a lesser extent, the company also provides other construction services such as structural steelworks.
21GF Score
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