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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 Triple Flag Precious Metals's Net-Net Working Capital or its related term are showing as below:
TFPM's Price-to-Net-Net-Working-Capital is ranked worse than 95.24% of 1134
companies
in the Metals & Mining industry
Industry Median: 6.97
vs TFPM: 51.85
Triple Flag Precious Metals (NYSE:TFPM) 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.
Triple Flag Precious Metals Net-Net Working Capital Related Terms
Triple Flag Precious Metals 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.
Triple Flag Precious Metals Net-Net Working Capital Chart
For the Other Precious Metals & Mining subindustry, Triple Flag Precious Metals'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.
Triple Flag Precious Metals Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Triple Flag Precious Metals's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where Triple Flag Precious Metals'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 $0.56 mean?
Triple Flag Precious Metals (TFPM) has a Net-Net Working Capital of $0.56 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 Triple Flag Precious Metals According to the industry distribution chart, Triple Flag Precious Metals ranks #1080 out of 1134 companies in the Metals & Mining industry, placing it in the top 95.2%.
Is Triple Flag Precious Metals' Net-Net Working Capital too high?
Triple Flag Precious Metals' current Net-Net Working Capital is $0.56. The Metals & Mining industry median Net-Net Working Capital is 6.97. Triple Flag Precious Metals' value of $0.56 is 92% below this industry median. Based on the distribution chart, Triple Flag Precious Metals ranks #1080 out of 1134 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Triple Flag Precious Metals has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Triple Flag Precious Metals' Net-Net Working Capital compare to HL?
According to the Metals & Mining industry distribution chart, Triple Flag Precious Metals ranks #1080 out of 1134 companies for Net-Net Working Capital. This places Triple Flag Precious Metals in the lower half of its industry. The industry median Net-Net Working Capital is 6.97. Triple Flag Precious Metals' value of $0.56 is 92% 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 Metals & Mining company?
The median Net-Net Working Capital among Metals & Mining companies is 6.97, based on 1,134 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. Triple Flag Precious Metals's current Net-Net Working Capital of $0.56 is 92% 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 Triple Flag Precious Metals For the Metals & Mining industry, the median Net-Net Working Capital is 6.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Triple Flag Precious Metals's current Net-Net Working Capital is $0.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Triple Flag Precious Metals stock overvalued right now?
Based on GuruFocus' analysis, Triple Flag Precious Metals (TFPM) is currently considered Modestly Undervalued. The stock's GF Value™ is $34.30, compared to a current price of $28.52 — trading 16.9% below its estimated fair value. The current Net-Net Working Capital is $0.56 and 92% below the Metals & Mining industry median of 6.97. Triple Flag Precious Metals' overall GF Score™ is 94/100. 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 Triple Flag Precious Metals (TFPM), the current Net-Net Working Capital is $0.56 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 Triple Flag Precious Metals (TFPM) Overvalued in 2026?
Based on GuruFocus' analysis, Triple Flag Precious Metals stock appears to be undervalued.
The current stock price of $28.52 is trading 16.9% below its estimated GF Value™ of $34.30.
GuruFocus considers Triple Flag Precious Metals to be Modestly Undervalued.
Key valuation signals for TFPM:
Net-Net Working Capital: $0.56
GF Value™: $34.30 vs. price of $28.52 (16.9% below fair value)
Industry Position: 92% below the Metals & Mining median (#1080 of 1134)
No single metric tells the full story. See the TFPM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Triple Flag Precious Metals Corp is a streaming and royalty company focused on precious metals. Its revenues are largely generated from a diversified portfolio of properties in Australia, Canada, Colombia, Cote d'Ivoire, Mexico, Mongolia, Peru, South Africa, and the United States. Its diversified portfolio of streams and royalties comprises long-life mining assets, including the Northparkes copper-gold mine in Australia, the Cerro Lindo polymetallic mine in Peru, the Fosterville gold mine in Australia, the Buritica gold mine in Colombia, and the Impala Bafokeng Operations in South Africa among others. A majority of its revenue is derived through its interests in various gold streams. Geographically, the company derives maximum revenue from Australia, followed by Peru and other regions.
94GF Score
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