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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.
Royalty Management Holding's Net-Net Working Capital for the quarter that ended in Jun. 2026 was $-0.29.
The industry rank for Royalty Management Holding's Net-Net Working Capital or its related term are showing as below:
RMCO's Price-to-Net-Net-Working-Capital is not ranked *
in the Asset Management industry.
Industry Median: 6.67 * Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.
Royalty Management Holding (NAS:RMCO) 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.
Royalty Management Holding Net-Net Working Capital Related Terms
Royalty Management Holding 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.
Royalty Management Holding Net-Net Working Capital Chart
RMCO vs MLCI, CXH, BXLC: Net-Net Working Capital Comparison
For the Asset Management subindustry, Royalty Management Holding'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.
Royalty Management Holding Price-to-Net-Net-Working-Capital vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Royalty Management Holding's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Royalty Management Holding'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 $-0.29 mean?
Royalty Management Holding (RMCO) has a Net-Net Working Capital of $-0.29 as of Jun. 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 Royalty Management Holding According to the industry distribution chart, Royalty Management Holding ranks #999999 out of 483 companies in the Asset Management industry.
Is Royalty Management Holding's Net-Net Working Capital too high?
Royalty Management Holding's current Net-Net Working Capital is $-0.29. Based on the distribution chart, Royalty Management Holding ranks #999999 out of 483 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Royalty Management Holding has a GF Score™ of 27/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Royalty Management Holding's Net-Net Working Capital compare to MLCI and CXH?
According to the Asset Management industry distribution chart, Royalty Management Holding ranks #999999 out of 483 companies for Net-Net Working Capital. This places Royalty Management Holding in the lower half of its industry. The industry median Net-Net Working Capital is 6.67. 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 Asset Management company?
The median Net-Net Working Capital among Asset Management companies is 6.67, based on 483 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 Royalty Management Holding For the Asset Management industry, the median Net-Net Working Capital is 6.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royalty Management Holding's current Net-Net Working Capital is $-0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royalty Management Holding stock overvalued right now?
Based on GuruFocus' analysis, Royalty Management Holding (RMCO) is currently considered Possible Value Trap. The stock's GF Value™ is $7.94, compared to a current price of $3.08 — trading 61.3% below its estimated fair value. The current Net-Net Working Capital is $-0.29. Royalty Management Holding's overall GF Score™ is 27/100 with 2 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 Royalty Management Holding (RMCO), the current Net-Net Working Capital is $-0.29 as of Jun. 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 Royalty Management Holding (RMCO) Overvalued in 2026?
Based on GuruFocus' analysis, Royalty Management Holding stock appears to be undervalued.
The current stock price of $3.08 is trading 61.3% below its estimated GF Value™ of $7.94.
GuruFocus considers Royalty Management Holding to be Possible Value Trap.
Key valuation signals for RMCO:
Net-Net Working Capital: $-0.29
GF Value™: $7.94 vs. price of $3.08 (61.3% below fair value)
No single metric tells the full story. See the RMCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royalty Management Holding Corp is formed to invest or purchase assets that have near and medium-term income potential to provide RMC with accretive cash flow from which it can reinvest in new assets or expand cash flow from those existing assets. These assets typically are natural resources assets (including real estate and mining permits), patents, intellectual property, and emerging technologies.
27GF Score
Get the complete analysis for RMCO
Net-Net Working Capital is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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