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WA1 ResourcesWAORF -17.23%14 Net-Net Working Capital is $1.21 as of Dec. 2025. GuruFocus rates WAORF with a GF Score™ of 14/100. Among 1,132 Metals & Mining companies, WA1 Resources ranks better than 54.68% 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.
WA1 Resources's Net-Net Working Capital for the quarter that ended in Dec. 2025 was $1.21.
The industry rank for WA1 Resources's Net-Net Working Capital or its related term are showing as below:
WAORF's Price-to-Net-Net-Working-Capital is ranked better than 54.68% of 1132
companies
in the Metals & Mining industry
Industry Median: 6.9
vs WAORF: 6.69
WA1 Resources (OTCPK:WAORF) 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.
WA1 Resources Net-Net Working Capital Related Terms
WA1 Resources Net-Net Working Capital Historical Data
* Premium members only.
The historical data trend for WA1 Resources'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.
WAORF vs SCCO, FCX: Net-Net Working Capital Comparison
For the Copper subindustry, WA1 Resources'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.
WA1 Resources Price-to-Net-Net-Working-Capital vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, WA1 Resources's Price-to-Net-Net-Working-Capital distribution charts can be found below:
* The bar in red indicates where WA1 Resources'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 $1.21 mean?
WA1 Resources (WAORF) has a Net-Net Working Capital of $1.21 as of Dec. 2025. 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 WA1 Resources According to the industry distribution chart, WA1 Resources ranks #513 out of 1132 companies in the Metals & Mining industry, placing it in the top 45.3%.
Is WA1 Resources' Net-Net Working Capital too high?
WA1 Resources' current Net-Net Working Capital is $1.21. The Metals & Mining industry median Net-Net Working Capital is 6.90. WA1 Resources' value of $1.21 is 82.5% below this industry median. Based on the distribution chart, WA1 Resources ranks #513 out of 1132 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, WA1 Resources has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does WA1 Resources' Net-Net Working Capital compare to SCCO and FCX?
According to the Metals & Mining industry distribution chart, WA1 Resources ranks #513 out of 1132 companies for Net-Net Working Capital. This puts WA1 Resources in the upper half of its industry. The industry median Net-Net Working Capital is 6.90. WA1 Resources' value of $1.21 is 82.5% 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 6.90, based on 1,132 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. WA1 Resources's current Net-Net Working Capital of $1.21 is 82.5% 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 WA1 Resources For the Metals & Mining industry, the median Net-Net Working Capital is 6.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. WA1 Resources's current Net-Net Working Capital is $1.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is WA1 Resources stock overvalued right now?
WA1 Resources (WAORF) has a current Net-Net Working Capital of $1.21. The current Net-Net Working Capital is $1.21 and 82.5% below the Metals & Mining industry median of 6.90. WA1 Resources' overall GF Score™ is 14/100. 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 WA1 Resources (WAORF), the current Net-Net Working Capital is $1.21 as of Dec. 2025. 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.
WA1 Resources Ltd is a mineral development in Western Australia and the Northern Territory. Its projects include West Arunta, Madura, Hidden Valley, and Niobium.
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